XENTROGRAPHICS: 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.
XENTROGRAPHICS
Largest movements
- Stocks and contracts -€159,687
down €159,687 (-94.9%), from €168,191 to €8,504
- Receivables within one year -€90,235
down €90,235 (-98.1%), from €92,010 to €1,775
of which Trade receivables: -€90,090
- Tangible fixed assets -€52,663
down €52,663 (-15.6%), from €337,358 to €284,696
of which Plant, machinery and equipment: -€30,267
- Deferred charges and accrued income -€52,483
down €52,483 (-83.8%), from €62,609 to €10,126
- Cash -€35,442
down €35,442 (-57.2%), from €61,908 to €26,466
mainly Net result for the year (-€165,281) and Short-term financial debts (-€142,605)
- Profit (loss) carried forward -€165,281
down €165,281, from €12,128 to -€153,153
- Short-term financial debts -€142,605
no longer reported in 2025 (was €142,605)
- Current portion of long-term debt -€64,587
down €64,587 (-68.8%), from €93,847 to €29,261
- Trade debts -€53,662
down €53,662 (-38.8%), from €138,253 to €84,591
- Other debts +€32,950
up €32,950 (+52.1%), from €63,193 to €96,143
- Gross operating margin -€165,667
down €165,667 (-39.7%), from €417,331 to €251,664
- Staff costs -€66,383
down €66,383 (-19.3%), from €344,010 to €277,628
- Financial charges +€64,298
up €64,298 (+227.1%), from €28,318 to €92,616
of which Non-recurring financial charges: +€64,920
- Depreciation -€12,915
down €12,915 (-27.3%), from €47,342 to €34,427
- Taxes -€4,877
down €4,877 (-91.8%), from €5,312 to €435
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 | €745,345 | €332,692 | -€412,654 | -55.4% |
| Fixed assets | 21/28 | €360,628 | €285,821 | -€74,808 | -20.7% |
| Intangible fixed assets | 21 | €22,145 | - | -€22,145 | |
| Tangible fixed assets | 22/27 | €337,358 | €284,696 | -€52,663 | -15.6% |
| Plant, machinery and equipment | 23 | €167,283 | €137,017 | -€30,267 | -18.1% |
| Furniture and vehicles | 24 | €5,294 | - | -€5,294 | |
| Leasing and similar rights | 25 | €4,881 | - | -€4,881 | |
| Other tangible fixed assets | 26 | €159,901 | €147,679 | -€12,222 | -7.6% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €384,717 | €46,871 | -€337,846 | -87.8% |
| Stocks and contracts in progress | 3 | €168,191 | €8,504 | -€159,687 | -94.9% |
| Stocks | 30/36 | €168,191 | €8,504 | -€159,687 | -94.9% |
| Amounts receivable within one year | 40/41 | €92,010 | €1,775 | -€90,235 | -98.1% |
| Trade receivables | 40 | €90,090 | - | -€90,090 | |
| Other amounts receivable | 41 | €1,920 | €1,775 | -€145 | -7.6% |
| Cash at bank and in hand | 54/58 | €61,908 | €26,466 | -€35,442 | -57.2% |
| Deferred charges and accrued income | 490/1 | €62,609 | €10,126 | -€52,483 | -83.8% |
| Total equity and liabilities | 10/49 | €745,345 | €332,692 | -€412,654 | -55.4% |
| Equity | 10/15 | €32,588 | -€132,693 | -€165,281 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,128 | -€153,153 | -€165,281 | |
| Amounts payable | 17/49 | €712,757 | €465,384 | -€247,373 | -34.7% |
| Amounts payable after more than one year | 17 | €203,173 | €178,562 | -€24,611 | -12.1% |
| Financial debts | 170/4 | €203,173 | €178,562 | -€24,611 | -12.1% |
| Amounts payable within one year | 42/48 | €509,584 | €286,822 | -€222,762 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €93,847 | €29,261 | -€64,587 | -68.8% |
| Financial debts | 43 | €142,605 | - | -€142,605 | |
| Credit institutions | 430/8 | €142,605 | - | -€142,605 | |
| Trade debts | 44 | €138,253 | €84,591 | -€53,662 | -38.8% |
| Suppliers | 440/4 | €138,253 | €84,591 | -€53,662 | -38.8% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €71,686 | €61,827 | -€9,858 | -13.8% |
| Taxes | 450/3 | €26,367 | €31,939 | +€5,571 | +21.1% |
| Remuneration and social security | 454/9 | €45,318 | €29,889 | -€15,430 | -34.0% |
| Other amounts payable | 47/48 | €63,193 | €96,143 | +€32,950 | +52.1% |
| Remuneration, social security and pensions | 62 | €344,010 | €277,628 | -€66,383 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,342 | €34,427 | -€12,915 | -27.3% |
| Other operating charges | 640/8 | €3,677 | €4,919 | +€1,242 | +33.8% |
| Non-recurring operating charges | 66A | €150 | €7,446 | +€7,296 | +4863.9% |
| Gross operating margin | 9900 | €417,331 | €251,664 | -€165,667 | -39.7% |
| Operating profit (loss) | 9901 | €22,151 | -€72,756 | -€94,907 | |
| Financial income | 75/76B | €350 | €525 | +€176 | +50.2% |
| Recurring financial income | 75 | €350 | €525 | +€176 | +50.2% |
| Financial charges | 65/66B | €28,318 | €92,616 | +€64,298 | +227.1% |
| Recurring financial charges | 65 | €28,318 | €27,696 | -€622 | -2.2% |
| Non-recurring financial charges | 66B | - | €64,920 | +€64,920 | |
| Profit (loss) for the period before taxes | 9903 | -€5,817 | -€164,846 | -€159,029 | -2734.0% |
| Income taxes | 67/77 | €5,312 | €435 | -€4,877 | -91.8% |
| Profit (loss) for the period | 9904 | -€11,129 | -€165,281 | -€154,153 | -1385.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,129 | -€165,281 | -€154,153 | -1385.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.