XENIA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
XENIA
Largest movements
- Receivables after one year -€53,760
down €53,760 (-20.0%), from €268,800 to €215,040
- Tangible fixed assets +€24,923
up €24,923 (+2.3%), from €1.1m to €1.1m
of which Assets under construction and advance payments: +€53,760
- Reserves -€18,045
down €18,045 (-3.8%), from €475,659 to €457,614
of which Tax-exempt reserves: -€18,045
- Gross operating margin -€123,853
down €123,853 (-89.5%), from €138,432 to €14,579
- Financial charges -€4,204
down €4,204 (-33.7%), from €12,492 to €8,287
- Other operating charges -€3,631
down €3,631 (-59.3%), from €6,120 to €2,489
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,362,761 | €1,338,858 | -€23,903 | -1.8% |
| Fixed assets | 21/28 | €1,092,582 | €1,117,505 | +€24,923 | +2.3% |
| Tangible fixed assets | 22/27 | €1,092,582 | €1,117,505 | +€24,923 | +2.3% |
| Land and buildings | 22 | €1,092,582 | €1,063,745 | -€28,837 | -2.6% |
| Assets under construction and advance payments | 27 | - | €53,760 | +€53,760 | |
| Current assets | 29/58 | €270,179 | €221,353 | -€48,826 | -18.1% |
| Amounts receivable after more than one year | 29 | €268,800 | €215,040 | -€53,760 | -20.0% |
| Other amounts receivable | 291 | €268,800 | €215,040 | -€53,760 | -20.0% |
| Cash at bank and in hand | 54/58 | €1,379 | €6,313 | +€4,934 | +357.8% |
| Total equity and liabilities | 10/49 | €1,362,761 | €1,338,858 | -€23,903 | -1.8% |
| Equity | 10/15 | €723,126 | €704,107 | -€19,019 | -2.6% |
| Contributions | 10/11 | €210,957 | €210,957 | = | 0.0% |
| Capital | 10 | €210,957 | €210,957 | = | 0.0% |
| Issued capital | 100 | €210,957 | €210,957 | = | 0.0% |
| Reserves | 13 | €475,659 | €457,614 | -€18,045 | -3.8% |
| Non-distributable reserves | 130/1 | €5,015 | €5,015 | = | 0.0% |
| Legal reserve | 130 | €5,015 | €5,015 | = | 0.0% |
| Tax-exempt reserves | 132 | €470,644 | €452,599 | -€18,045 | -3.8% |
| Profit (loss) carried forward | 14 | €36,509 | €35,535 | -€974 | -2.7% |
| Provisions and deferred taxes | 16 | €156,881 | €150,866 | -€6,015 | -3.8% |
| Deferred taxes | 168 | €156,881 | €150,866 | -€6,015 | -3.8% |
| Amounts payable | 17/49 | €482,754 | €483,885 | +€1,131 | +0.2% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €224,175 | €229,516 | +€5,341 | +2.4% |
| Trade debts | 44 | €155 | - | -€155 | |
| Suppliers | 440/4 | €155 | - | -€155 | |
| Taxes, remuneration and social security | 45 | €729 | €219 | -€510 | -69.9% |
| Taxes | 450/3 | €729 | €219 | -€510 | -69.9% |
| Other amounts payable | 47/48 | €223,291 | €229,297 | +€6,005 | +2.7% |
| Accrued charges and deferred income | 492/3 | €8,579 | €4,369 | -€4,210 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,837 | €28,837 | = | 0.0% |
| Other operating charges | 640/8 | €6,120 | €2,489 | -€3,631 | -59.3% |
| Gross operating margin | 9900 | €138,432 | €14,579 | -€123,853 | -89.5% |
| Operating profit (loss) | 9901 | €103,475 | -€16,747 | -€120,222 | |
| Financial charges | 65/66B | €12,492 | €8,287 | -€4,204 | -33.7% |
| Recurring financial charges | 65 | €12,492 | €8,287 | -€4,204 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €90,983 | -€25,034 | -€116,018 | |
| Transfer from deferred taxes | 780 | €6,015 | €6,015 | = | 0.0% |
| Transfer to deferred taxes | 680 | €28,560 | - | -€28,560 | |
| Income taxes | 67/77 | €219 | - | -€219 | |
| Profit (loss) for the period | 9904 | €68,219 | -€19,019 | -€87,239 | |
| Transfer from tax-exempt reserves | 789 | €18,045 | €18,045 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €85,680 | - | -€85,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €585 | -€974 | -€1,559 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.