xenius: 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.
xenius
Largest movements
- Cash -€140,994
down €140,994 (-39.9%), from €353,686 to €212,692
mainly Contributions, distributions and other (-€273,346) and Receivables within one year (-€41,501)
- Receivables within one year +€41,501
up €41,501 (+31.7%), from €130,962 to €172,463
of which Trade receivables: +€28,330
- Intangible fixed assets -€36,400
down €36,400 (-26.2%), from €139,141 to €102,741
- Tangible fixed assets -€16,833
down €16,833 (-22.7%), from €74,287 to €57,455
of which Furniture and vehicles: -€22,207
- Reserves -€221,767
down €221,767 (-40.3%), from €549,721 to €327,953
- Trade debts +€77,919
up €77,919 (+120%), from €65,193 to €143,113
- Current portion of long-term debt -€36,628
down €36,628 (-81.4%), from €45,000 to €8,372
- Debts after one year +€20,680
new in 2025: €20,680
- Gross operating margin -€58,178
down €58,178 (-16.9%), from €344,342 to €286,164
- Staff costs -€44,926
down €44,926 (-26.9%), from €166,759 to €121,832
- Depreciation +€12,981
up €12,981 (+23.0%), from €56,503 to €69,483
- Taxes -€7,427
down €7,427 (-25.5%), from €29,140 to €21,713
- Financial income -€6,159
down €6,159 (-91.9%), from €6,701 to €542
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 | €703,399 | €547,741 | -€155,658 | -22.1% |
| Fixed assets | 21/28 | €213,428 | €160,195 | -€53,233 | -24.9% |
| Intangible fixed assets | 21 | €139,141 | €102,741 | -€36,400 | -26.2% |
| Tangible fixed assets | 22/27 | €74,287 | €57,455 | -€16,833 | -22.7% |
| Plant, machinery and equipment | 23 | €47,467 | €53,341 | +€5,875 | +12.4% |
| Furniture and vehicles | 24 | €22,207 | - | -€22,207 | |
| Other tangible fixed assets | 26 | €4,613 | €4,113 | -€500 | -10.8% |
| Current assets | 29/58 | €489,971 | €387,546 | -€102,425 | -20.9% |
| Amounts receivable within one year | 40/41 | €130,962 | €172,463 | +€41,501 | +31.7% |
| Trade receivables | 40 | €111,966 | €140,296 | +€28,330 | +25.3% |
| Other amounts receivable | 41 | €18,996 | €32,167 | +€13,171 | +69.3% |
| Cash at bank and in hand | 54/58 | €353,686 | €212,692 | -€140,994 | -39.9% |
| Deferred charges and accrued income | 490/1 | €5,323 | €2,391 | -€2,932 | -55.1% |
| Total equity and liabilities | 10/49 | €703,399 | €547,741 | -€155,658 | -22.1% |
| Equity | 10/15 | €562,121 | €346,553 | -€215,567 | -38.3% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €549,721 | €327,953 | -€221,767 | -40.3% |
| Distributable reserves | 133 | €549,721 | €327,953 | -€221,767 | -40.3% |
| Amounts payable | 17/49 | €141,278 | €201,188 | +€59,909 | +42.4% |
| Amounts payable after more than one year | 17 | - | €20,680 | +€20,680 | |
| Financial debts | 170/4 | - | €20,680 | +€20,680 | |
| Amounts payable within one year | 42/48 | €141,278 | €180,507 | +€39,229 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €8,372 | -€36,628 | -81.4% |
| Trade debts | 44 | €65,193 | €143,113 | +€77,919 | +120% |
| Suppliers | 440/4 | €65,193 | €143,113 | +€77,919 | +120% |
| Taxes, remuneration and social security | 45 | €31,085 | €29,023 | -€2,062 | -6.6% |
| Taxes | 450/3 | €13,829 | €15,539 | +€1,710 | +12.4% |
| Remuneration and social security | 454/9 | €17,256 | €13,484 | -€3,772 | -21.9% |
| Non-recurring operating income | 76A | - | €3,459 | +€3,459 | |
| Remuneration, social security and pensions | 62 | €166,759 | €121,832 | -€44,926 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,503 | €69,483 | +€12,981 | +23.0% |
| Other operating charges | 640/8 | €2,763 | €1,526 | -€1,237 | -44.8% |
| Non-recurring operating charges | 66A | €629 | €5,111 | +€4,482 | +712% |
| Gross operating margin | 9900 | €344,342 | €286,164 | -€58,178 | -16.9% |
| Operating profit (loss) | 9901 | €117,688 | €88,211 | -€29,478 | -25.0% |
| Financial income | 75/76B | €6,701 | €542 | -€6,159 | -91.9% |
| Recurring financial income | 75 | €6,701 | €542 | -€6,159 | -91.9% |
| Financial charges | 65/66B | €5,193 | €9,261 | +€4,068 | +78.3% |
| Recurring financial charges | 65 | €5,193 | €9,261 | +€4,068 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | €119,196 | €79,491 | -€39,705 | -33.3% |
| Income taxes | 67/77 | €29,140 | €21,713 | -€7,427 | -25.5% |
| Profit (loss) for the period | 9904 | €90,056 | €57,779 | -€32,278 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,056 | €57,779 | -€32,278 | -35.8% |
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 20 October 2026 via checked.be.