XENTURION: 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.
XENTURION
Largest movements
- Intangible fixed assets -€25,864
down €25,864 (-47.2%), from €54,854 to €28,990
- Tangible fixed assets -€16,859
down €16,859 (-3.9%), from €431,364 to €414,505
of which Land and buildings: -€15,984
- Cash +€14,817
up €14,817 (+7.8%), from €191,005 to €205,822
mainly Depreciation (+€53,586) and Accrued charges and deferred income (+€7,688)
- Debts after one year -€11,889
down €11,889 (-62.1%), from €19,139 to €7,250
- Tax, wage and social debts -€10,055
down €10,055 (-61.1%), from €16,464 to €6,409
- Gross operating margin -€29,390
down €29,390 (-31.2%), from €94,220 to €64,830
- Depreciation +€12,578
up €12,578 (+30.7%), from €41,008 to €53,586
- Taxes -€10,181
down €10,181 (-82.0%), from €12,418 to €2,237
- Other operating charges -€1,252
down €1,252 (-27.9%), from €4,479 to €3,227
- Financial charges -€1,213
down €1,213 (-42.4%), from €2,861 to €1,648
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 | €776,516 | €747,393 | -€29,123 | -3.8% |
| Fixed assets | 21/28 | €486,218 | €443,495 | -€42,723 | -8.8% |
| Intangible fixed assets | 21 | €54,854 | €28,990 | -€25,864 | -47.2% |
| Tangible fixed assets | 22/27 | €431,364 | €414,505 | -€16,859 | -3.9% |
| Land and buildings | 22 | €420,375 | €404,391 | -€15,984 | -3.8% |
| Plant, machinery and equipment | 23 | €7,037 | €7,050 | +€13 | +0.2% |
| Furniture and vehicles | 24 | €3,952 | €3,064 | -€888 | -22.5% |
| Current assets | 29/58 | €290,298 | €303,898 | +€13,600 | +4.7% |
| Amounts receivable within one year | 40/41 | €26,755 | €30,706 | +€3,951 | +14.8% |
| Trade receivables | 40 | €16,601 | €10,275 | -€6,327 | -38.1% |
| Other amounts receivable | 41 | €10,154 | €20,431 | +€10,277 | +101.2% |
| Current investments | 50/53 | €68,201 | €62,611 | -€5,590 | -8.2% |
| Cash at bank and in hand | 54/58 | €191,005 | €205,822 | +€14,817 | +7.8% |
| Deferred charges and accrued income | 490/1 | €4,337 | €4,759 | +€422 | +9.7% |
| Total equity and liabilities | 10/49 | €776,516 | €747,393 | -€29,123 | -3.8% |
| Equity | 10/15 | €713,187 | €705,955 | -€7,232 | -1.0% |
| Contributions | 10/11 | €366,550 | €366,550 | = | 0.0% |
| Reserves | 13 | €345,605 | €339,105 | -€6,500 | -1.9% |
| Distributable reserves | 133 | €345,605 | €339,105 | -€6,500 | -1.9% |
| Profit (loss) carried forward | 14 | €1,032 | €300 | -€732 | -70.9% |
| Amounts payable | 17/49 | €63,329 | €41,438 | -€21,891 | -34.6% |
| Amounts payable after more than one year | 17 | €19,139 | €7,250 | -€11,889 | -62.1% |
| Financial debts | 170/4 | €19,139 | €7,250 | -€11,889 | -62.1% |
| Amounts payable within one year | 42/48 | €44,190 | €26,500 | -€17,691 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €16,333 | €11,889 | -€4,445 | -27.2% |
| Financial debts | 43 | €1,479 | - | -€1,479 | |
| Credit institutions | 430/8 | €1,479 | - | -€1,479 | |
| Trade debts | 44 | €2,374 | €2,207 | -€168 | -7.1% |
| Suppliers | 440/4 | €2,374 | €2,207 | -€168 | -7.1% |
| Taxes, remuneration and social security | 45 | €16,464 | €6,409 | -€10,055 | -61.1% |
| Taxes | 450/3 | €16,464 | €6,409 | -€10,055 | -61.1% |
| Other amounts payable | 47/48 | €7,539 | €5,995 | -€1,544 | -20.5% |
| Accrued charges and deferred income | 492/3 | - | €7,688 | +€7,688 | |
| Non-recurring operating income | 76A | €19,421 | - | -€19,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,008 | €53,586 | +€12,578 | +30.7% |
| Other operating charges | 640/8 | €4,479 | €3,227 | -€1,252 | -27.9% |
| Gross operating margin | 9900 | €94,220 | €64,830 | -€29,390 | -31.2% |
| Operating profit (loss) | 9901 | €48,733 | €8,017 | -€40,716 | -83.5% |
| Financial income | 75/76B | €143 | €466 | +€324 | +226.9% |
| Recurring financial income | 75 | €143 | €466 | +€324 | +226.9% |
| Financial charges | 65/66B | €2,861 | €1,648 | -€1,213 | -42.4% |
| Recurring financial charges | 65 | €2,861 | €1,648 | -€1,213 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €46,014 | €6,835 | -€39,179 | -85.1% |
| Income taxes | 67/77 | €12,418 | €2,237 | -€10,181 | -82.0% |
| Profit (loss) for the period | 9904 | €33,597 | €4,598 | -€28,998 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,597 | €4,598 | -€28,998 | -86.3% |
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.