XENIA: what changed
Two financial 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
- Cash -€100,560
down €100,560 (-60.5%), from €166,198 to €65,638
mainly Other debts (-€106,175) and Current investments (-€63,836)
- Current investments +€63,836
up €63,836 (+16.1%), from €395,668 to €459,504
- Profit (loss) carried forward +€121,272
new in 2025: €121,272
- Other debts -€106,175
down €106,175 (-70.3%), from €150,985 to €44,810
- Tax, wage and social debts -€53,456
down €53,456 (-83.2%), from €64,238 to €10,782
- Gross operating margin -€14,100
down €14,100 (-8.0%), from €176,790 to €162,690
- Taxes -€3,421
down €3,421 (-7.6%), from €44,874 to €41,453
- Financial income +€3,035
up €3,035 (+124%), from €2,446 to €5,480
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.
Derived cash bridge
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 | €587,391 | €549,350 | -€38,042 | -6.5% |
| Fixed assets | 21/28 | €3,596 | €1,803 | -€1,793 | -49.9% |
| Tangible fixed assets | 22/27 | €3,596 | €1,803 | -€1,793 | -49.9% |
| Furniture and vehicles | 24 | €3,596 | €1,803 | -€1,793 | -49.9% |
| Current assets | 29/58 | €583,795 | €547,546 | -€36,249 | -6.2% |
| Amounts receivable within one year | 40/41 | €21,929 | €22,405 | +€476 | +2.2% |
| Trade receivables | 40 | €21,071 | €22,214 | +€1,143 | +5.4% |
| Other amounts receivable | 41 | €858 | €191 | -€668 | -77.8% |
| Current investments | 50/53 | €395,668 | €459,504 | +€63,836 | +16.1% |
| Cash at bank and in hand | 54/58 | €166,198 | €65,638 | -€100,560 | -60.5% |
| Total equity and liabilities | 10/49 | €587,391 | €549,350 | -€38,042 | -6.5% |
| Equity | 10/15 | €370,420 | €491,692 | +€121,272 | +32.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €370,320 | €370,320 | = | 0.0% |
| Distributable reserves | 133 | €370,320 | €370,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €121,272 | +€121,272 | |
| Amounts payable | 17/49 | €216,972 | €57,658 | -€159,314 | -73.4% |
| Amounts payable within one year | 42/48 | €215,223 | €55,592 | -€159,631 | -74.2% |
| Taxes, remuneration and social security | 45 | €64,238 | €10,782 | -€53,456 | -83.2% |
| Taxes | 450/3 | €64,238 | €10,782 | -€53,456 | -83.2% |
| Other amounts payable | 47/48 | €150,985 | €44,810 | -€106,175 | -70.3% |
| Accrued charges and deferred income | 492/3 | €1,749 | €2,066 | +€317 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,937 | €1,793 | -€144 | -7.4% |
| Other operating charges | 640/8 | €655 | €795 | +€140 | +21.4% |
| Gross operating margin | 9900 | €176,790 | €162,690 | -€14,100 | -8.0% |
| Operating profit (loss) | 9901 | €174,198 | €160,102 | -€14,097 | -8.1% |
| Financial income | 75/76B | €2,446 | €5,480 | +€3,035 | +124% |
| Recurring financial income | 75 | €2,446 | €5,480 | +€3,035 | +124% |
| Financial charges | 65/66B | €2,232 | €2,857 | +€625 | +28.0% |
| Recurring financial charges | 65 | €2,232 | €2,857 | +€625 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €174,412 | €162,725 | -€11,687 | -6.7% |
| Income taxes | 67/77 | €44,874 | €41,453 | -€3,421 | -7.6% |
| Profit (loss) for the period | 9904 | €129,538 | €121,272 | -€8,265 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,538 | €121,272 | -€8,265 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.