Xenios: 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.
Xenios
Largest movements
- Receivables within one year -€48,326
down €48,326 (-12.3%), from €391,930 to €343,604
of which Trade receivables: -€58,596
- Cash -€36,663
down €36,663 (-69.4%), from €52,801 to €16,138
mainly Accrued charges and deferred income (-€115,699) and Other debts (-€114,103)
- Trade debts +€199,362
up €199,362 (+154.8%), from €128,794 to €328,155
- Accrued charges and deferred income -€115,699
down €115,699 (-98.0%), from €118,088 to €2,389
- Other debts -€114,103
down €114,103 (-98.1%), from €116,345 to €2,241
- Reserves -€51,454
down €51,454 (-65.1%), from €79,002 to €27,547
- Tax, wage and social debts -€4,943
no longer reported in 2025 (was €4,943)
- Gross operating margin -€264,077
down €264,077, from €221,379 to -€42,698
- Taxes -€30,882
no longer reported in 2025 (was €30,882)
- Depreciation -€4,186
down €4,186 (-96.1%), from €4,355 to €169
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 | €457,171 | €370,333 | -€86,838 | -19.0% |
| Fixed assets | 21/28 | €10,207 | €6,331 | -€3,876 | -38.0% |
| Tangible fixed assets | 22/27 | €9,207 | €5,331 | -€3,876 | -42.1% |
| Plant, machinery and equipment | 23 | €9,207 | €5,331 | -€3,876 | -42.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €446,964 | €364,002 | -€82,962 | -18.6% |
| Amounts receivable within one year | 40/41 | €391,930 | €343,604 | -€48,326 | -12.3% |
| Trade receivables | 40 | €347,790 | €289,194 | -€58,596 | -16.8% |
| Other amounts receivable | 41 | €44,140 | €54,410 | +€10,270 | +23.3% |
| Cash at bank and in hand | 54/58 | €52,801 | €16,138 | -€36,663 | -69.4% |
| Deferred charges and accrued income | 490/1 | €2,234 | €4,260 | +€2,026 | +90.7% |
| Total equity and liabilities | 10/49 | €457,171 | €370,333 | -€86,838 | -19.0% |
| Equity | 10/15 | €89,002 | €37,547 | -€51,454 | -57.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €79,002 | €27,547 | -€51,454 | -65.1% |
| Distributable reserves | 133 | €79,002 | €27,547 | -€51,454 | -65.1% |
| Amounts payable | 17/49 | €368,170 | €332,785 | -€35,384 | -9.6% |
| Amounts payable within one year | 42/48 | €250,082 | €330,397 | +€80,315 | +32.1% |
| Trade debts | 44 | €128,794 | €328,155 | +€199,362 | +154.8% |
| Suppliers | 440/4 | €128,794 | €328,155 | +€199,362 | +154.8% |
| Taxes, remuneration and social security | 45 | €4,943 | - | -€4,943 | |
| Taxes | 450/3 | €4,943 | - | -€4,943 | |
| Other amounts payable | 47/48 | €116,345 | €2,241 | -€114,103 | -98.1% |
| Accrued charges and deferred income | 492/3 | €118,088 | €2,389 | -€115,699 | -98.0% |
| Non-recurring operating income | 76A | - | €4,432 | +€4,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,355 | €169 | -€4,186 | -96.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €221,379 | -€42,698 | -€264,077 | |
| Operating profit (loss) | 9901 | €216,637 | -€43,267 | -€259,904 | |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €9,987 | €8,188 | -€1,800 | -18.0% |
| Recurring financial charges | 65 | €9,987 | €8,188 | -€1,800 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €206,698 | -€51,454 | -€258,152 | |
| Income taxes | 67/77 | €30,882 | - | -€30,882 | |
| Profit (loss) for the period | 9904 | €175,816 | -€51,454 | -€227,270 | |
| Profit (loss) for the period to be appropriated | 9905 | €175,816 | -€51,454 | -€227,270 |
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.