XENSES: 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.
XENSES
Largest movements
- Receivables within one year -€61,466
down €61,466 (-13.7%), from €449,551 to €388,085
of which Other amounts receivable: -€76,661
- Cash -€6,315
down €6,315 (-57.2%), from €11,050 to €4,735
mainly Other debts (-€36,266) and Net result for the year (-€26,030)
- Other debts -€36,266
down €36,266 (-5.4%), from €677,176 to €640,910
- Profit (loss) carried forward -€26,030
down €26,030 (-9.8%), from -€265,257 to -€291,286
- Trade debts -€6,603
down €6,603 (-35.6%), from €18,573 to €11,970
- Taxes -€4,945
down €4,945 (-100.0%), from €4,945 to €0
- Gross operating margin -€2,352
down €2,352 (-11.0%), from -€21,393 to -€23,745
- Depreciation +€1,109
up €1,109 (+214.2%), from €518 to €1,627
- Other operating charges -€675
down €675 (-84.9%), from €795 to €120
- Financial charges +€429
up €429 (+396.5%), from €108 to €537
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 | €481,957 | €411,594 | -€70,363 | -14.6% |
| Fixed assets | 21/28 | €20,401 | €18,774 | -€1,627 | -8.0% |
| Tangible fixed assets | 22/27 | €9,901 | €8,274 | -€1,627 | -16.4% |
| Land and buildings | 22 | €4,415 | €3,958 | -€457 | -10.3% |
| Furniture and vehicles | 24 | €5,486 | €4,316 | -€1,170 | -21.3% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €461,556 | €392,820 | -€68,736 | -14.9% |
| Amounts receivable within one year | 40/41 | €449,551 | €388,085 | -€61,466 | -13.7% |
| Trade receivables | 40 | €33,205 | €48,400 | +€15,195 | +45.8% |
| Other amounts receivable | 41 | €416,345 | €339,685 | -€76,661 | -18.4% |
| Cash at bank and in hand | 54/58 | €11,050 | €4,735 | -€6,315 | -57.2% |
| Deferred charges and accrued income | 490/1 | €955 | €0 | -€955 | -100.0% |
| Total equity and liabilities | 10/49 | €481,957 | €411,594 | -€70,363 | -14.6% |
| Equity | 10/15 | -€215,257 | -€241,286 | -€26,030 | -12.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,257 | -€291,286 | -€26,030 | -9.8% |
| Amounts payable | 17/49 | €697,214 | €652,880 | -€44,334 | -6.4% |
| Amounts payable within one year | 42/48 | €697,214 | €652,880 | -€44,334 | -6.4% |
| Trade debts | 44 | €18,573 | €11,970 | -€6,603 | -35.6% |
| Suppliers | 440/4 | €18,573 | €11,970 | -€6,603 | -35.6% |
| Taxes, remuneration and social security | 45 | €1,466 | €0 | -€1,466 | -100.0% |
| Taxes | 450/3 | €1,466 | €0 | -€1,466 | -100.0% |
| Other amounts payable | 47/48 | €677,176 | €640,910 | -€36,266 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518 | €1,627 | +€1,109 | +214.2% |
| Other operating charges | 640/8 | €795 | €120 | -€675 | -84.9% |
| Gross operating margin | 9900 | -€21,393 | -€23,745 | -€2,352 | -11.0% |
| Operating profit (loss) | 9901 | -€22,706 | -€25,492 | -€2,786 | -12.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €108 | €537 | +€429 | +396.5% |
| Recurring financial charges | 65 | €108 | €537 | +€429 | +396.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,815 | -€26,030 | -€3,215 | -14.1% |
| Income taxes | 67/77 | €4,945 | €0 | -€4,945 | -100.0% |
| Profit (loss) for the period | 9904 | -€27,759 | -€26,030 | +€1,730 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,759 | -€26,030 | +€1,730 | +6.2% |
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 12 October 2026 via checked.be.