XENTES: 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.
XENTES
Largest movements
- Receivables within one year +€53,302
up €53,302 (+54.0%), from €98,622 to €151,924
of which Trade receivables: +€61,077
- Tangible fixed assets -€46,578
down €46,578 (-35.7%), from €130,297 to €83,718
of which Plant, machinery and equipment: -€38,034
- Receivables after one year -€21,400
no longer reported in 2025 (was €21,400)
- Cash -€11,136
down €11,136 (-37.8%), from €29,467 to €18,331
mainly Receivables within one year (-€53,302) and Current portion of long-term debt (-€39,593)
- Deferred charges and accrued income +€5,344
up €5,344 (+20.9%), from €25,556 to €30,900
- Current portion of long-term debt -€39,593
down €39,593 (-38.2%), from €103,610 to €64,016
- Trade debts +€37,612
up €37,612 (+47.2%), from €79,697 to €117,309
- Debts after one year -€30,151
down €30,151 (-60.1%), from €50,151 to €20,000
- Tax, wage and social debts +€23,084
up €23,084 (+1907.4%), from €1,210 to €24,294
of which Taxes: +€21,234
- Reserves -€18,457
down €18,457 (-70.5%), from €26,189 to €7,733
of which Distributable reserves: -€18,457
- Gross operating margin +€46,984
up €46,984 (+256.2%), from €18,337 to €65,321
- Financial charges +€3,568
up €3,568 (+16.2%), from €22,068 to €25,636
- Depreciation -€1,203
down €1,203 (-2.6%), from €46,808 to €45,606
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 | €317,842 | €299,873 | -€17,968 | -5.7% |
| Fixed assets | 21/28 | €130,297 | €83,718 | -€46,578 | -35.7% |
| Tangible fixed assets | 22/27 | €130,297 | €83,718 | -€46,578 | -35.7% |
| Plant, machinery and equipment | 23 | €111,145 | €73,111 | -€38,034 | -34.2% |
| Furniture and vehicles | 24 | €6,714 | €2,921 | -€3,793 | -56.5% |
| Other tangible fixed assets | 26 | €12,438 | €7,686 | -€4,751 | -38.2% |
| Current assets | 29/58 | €187,545 | €216,155 | +€28,610 | +15.3% |
| Amounts receivable after more than one year | 29 | €21,400 | - | -€21,400 | |
| Other amounts receivable | 291 | €21,400 | - | -€21,400 | |
| Stocks and contracts in progress | 3 | €12,500 | €15,000 | +€2,500 | +20.0% |
| Stocks | 30/36 | €12,500 | €15,000 | +€2,500 | +20.0% |
| Amounts receivable within one year | 40/41 | €98,622 | €151,924 | +€53,302 | +54.0% |
| Trade receivables | 40 | €20,342 | €81,419 | +€61,077 | +300.2% |
| Other amounts receivable | 41 | €78,279 | €70,504 | -€7,775 | -9.9% |
| Cash at bank and in hand | 54/58 | €29,467 | €18,331 | -€11,136 | -37.8% |
| Deferred charges and accrued income | 490/1 | €25,556 | €30,900 | +€5,344 | +20.9% |
| Total equity and liabilities | 10/49 | €317,842 | €299,873 | -€17,968 | -5.7% |
| Equity | 10/15 | €63,689 | €45,233 | -€18,457 | -29.0% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €26,189 | €7,733 | -€18,457 | -70.5% |
| Non-distributable reserves | 130/1 | €1,916 | €1,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,916 | €1,916 | = | 0.0% |
| Distributable reserves | 133 | €24,274 | €5,817 | -€18,457 | -76.0% |
| Amounts payable | 17/49 | €254,152 | €254,641 | +€489 | +0.2% |
| Amounts payable after more than one year | 17 | €50,151 | €20,000 | -€30,151 | -60.1% |
| Financial debts | 170/4 | €50,151 | €20,000 | -€30,151 | -60.1% |
| Amounts payable within one year | 42/48 | €204,001 | €234,641 | +€30,639 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €103,610 | €64,016 | -€39,593 | -38.2% |
| Trade debts | 44 | €79,697 | €117,309 | +€37,612 | +47.2% |
| Suppliers | 440/4 | €79,697 | €117,309 | +€37,612 | +47.2% |
| Advances received on contracts in progress | 46 | €19,484 | €29,021 | +€9,536 | +48.9% |
| Taxes, remuneration and social security | 45 | €1,210 | €24,294 | +€23,084 | +1907.4% |
| Taxes | 450/3 | €581 | €21,815 | +€21,234 | +3657.7% |
| Remuneration and social security | 454/9 | €630 | €2,480 | +€1,850 | +293.8% |
| Remuneration, social security and pensions | 62 | €5,373 | €5,581 | +€208 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,808 | €45,606 | -€1,203 | -2.6% |
| Other operating charges | 640/8 | €5,974 | €6,281 | +€308 | +5.1% |
| Gross operating margin | 9900 | €18,337 | €65,321 | +€46,984 | +256.2% |
| Operating profit (loss) | 9901 | -€39,818 | €7,853 | +€47,671 | |
| Financial income | 75/76B | €146 | €31 | -€115 | -78.7% |
| Recurring financial income | 75 | €146 | €31 | -€115 | -78.7% |
| Financial charges | 65/66B | €22,068 | €25,636 | +€3,568 | +16.2% |
| Recurring financial charges | 65 | €22,068 | €25,636 | +€3,568 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€61,741 | -€17,752 | +€43,989 | +71.2% |
| Income taxes | 67/77 | €279 | €705 | +€426 | +152.5% |
| Profit (loss) for the period | 9904 | -€62,020 | -€18,457 | +€43,563 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,020 | -€18,457 | +€43,563 | +70.2% |
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 2 October 2026 via checked.be.