XERES: 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.
XERES
Largest movements
- Tangible fixed assets +€342,253
up €342,253 (+1624.9%), from €21,062 to €363,316
of which Land and buildings: +€342,253
- Contributions +€371,000
up €371,000 (+215.3%), from €172,286 to €543,286
- Other debts -€29,011
down €29,011 (-22.0%), from €131,634 to €102,623
- Depreciation -€8,635
down €8,635 (-52.9%), from €16,319 to €7,684
- Gross operating margin +€5,200
up €5,200 (+16.3%), from €31,828 to €37,028
- Other operating charges -€735
down €735 (-14.8%), from €4,970 to €4,236
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 | €22,316 | €367,188 | +€344,872 | +1545.4% |
| Fixed assets | 21/28 | €21,062 | €363,316 | +€342,253 | +1624.9% |
| Tangible fixed assets | 22/27 | €21,062 | €363,316 | +€342,253 | +1624.9% |
| Land and buildings | 22 | €21,062 | €363,316 | +€342,253 | +1624.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €1,254 | €3,872 | +€2,618 | +208.8% |
| Amounts receivable within one year | 40/41 | - | €44 | +€44 | |
| Trade receivables | 40 | - | €44 | +€44 | |
| Cash at bank and in hand | 54/58 | €555 | €3,162 | +€2,607 | +469.3% |
| Deferred charges and accrued income | 490/1 | €698 | €666 | -€32 | -4.6% |
| Total equity and liabilities | 10/49 | €22,316 | €367,188 | +€344,872 | +1545.4% |
| Equity | 10/15 | -€111,985 | €262,118 | +€374,103 | |
| Contributions | 10/11 | €172,286 | €543,286 | +€371,000 | +215.3% |
| Capital | 10 | €172,286 | €543,286 | +€371,000 | +215.3% |
| Issued capital | 100 | €172,286 | €543,286 | +€371,000 | +215.3% |
| Reserves | 13 | €2,406 | €2,406 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,406 | €2,406 | = | 0.0% |
| Legal reserve | 130 | €2,406 | €2,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286,677 | -€283,574 | +€3,103 | +1.1% |
| Amounts payable | 17/49 | €134,301 | €105,070 | -€29,231 | -21.8% |
| Amounts payable within one year | 42/48 | €134,301 | €105,070 | -€29,231 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €1,264 | €1,264 | = | 0.0% |
| Trade debts | 44 | €853 | €612 | -€241 | -28.2% |
| Suppliers | 440/4 | €853 | €612 | -€241 | -28.2% |
| Taxes, remuneration and social security | 45 | €550 | €570 | +€21 | +3.7% |
| Taxes | 450/3 | €550 | €570 | +€21 | +3.7% |
| Other amounts payable | 47/48 | €131,634 | €102,623 | -€29,011 | -22.0% |
| Remuneration, social security and pensions | 62 | €230 | €247 | +€16 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,319 | €7,684 | -€8,635 | -52.9% |
| Other operating charges | 640/8 | €4,970 | €4,236 | -€735 | -14.8% |
| Non-recurring operating charges | 66A | - | €21,062 | +€21,062 | |
| Gross operating margin | 9900 | €31,828 | €37,028 | +€5,200 | +16.3% |
| Operating profit (loss) | 9901 | €10,308 | €3,799 | -€6,509 | -63.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €124 | €126 | +€2 | +1.7% |
| Recurring financial charges | 65 | €124 | €126 | +€2 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €10,184 | €3,673 | -€6,512 | -63.9% |
| Income taxes | 67/77 | €550 | €570 | +€21 | +3.7% |
| Profit (loss) for the period | 9904 | €9,635 | €3,103 | -€6,532 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,635 | €3,103 | -€6,532 | -67.8% |
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 4 October 2026 via checked.be.