XERINI: 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.
XERINI
Largest movements
- Tangible fixed assets +€929,076
up €929,076 (+33.9%), from €2.7m to €3.7m
of which Land and buildings: +€924,304
- Receivables within one year -€386,329
down €386,329 (-91.1%), from €423,954 to €37,626
- Intangible fixed assets +€249,941
up €249,941 (+434%), from €57,603 to €307,544
- Cash -€125,925
down €125,925 (-93.6%), from €134,604 to €8,679
mainly Investment in fixed assets (net) (-€1.6m) and Net result for the year (-€113,698)
- Financial fixed assets +€123,252
up €123,252 (+7.0%), from €1.8m to €1.9m
- Debts after one year +€794,827
up €794,827 (+48.7%), from €1.6m to €2.4m
of which Financial debts: +€832,126
- Reserves -€113,698
down €113,698 (-5.2%), from €2.2m to €2.1m
of which Distributable reserves: -€74,655
- Other debts +€100,223
up €100,223 (+25.5%), from €393,596 to €493,819
- Financial income -€361,976
down €361,976 (-95.3%), from €379,987 to €18,011
of which Non-recurring financial income: -€357,969
- Depreciation +€131,535
up €131,535 (+69.3%), from €189,681 to €321,216
- Other operating charges +€24,231
up €24,231 (+1,003%), from €2,417 to €26,648
- Financial charges +€23,777
up €23,777 (+55.5%), from €42,839 to €66,616
- Taxes -€23,272
down €23,272 (-51.3%), from €45,348 to €22,077
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.
Derived cash bridge
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 | €5,106,870 | €5,896,885 | +€790,015 | +15.5% |
| Fixed assets | 21/28 | €4,548,311 | €5,850,580 | +€1.3m | +28.6% |
| Intangible fixed assets | 21 | €57,603 | €307,544 | +€249,941 | +434% |
| Tangible fixed assets | 22/27 | €2,737,914 | €3,666,990 | +€929,076 | +33.9% |
| Land and buildings | 22 | €2,705,119 | €3,629,424 | +€924,304 | +34.2% |
| Plant, machinery and equipment | 23 | - | €8,729 | +€8,729 | |
| Furniture and vehicles | 24 | €32,795 | €28,838 | -€3,957 | -12.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,752,794 | €1,876,046 | +€123,252 | +7.0% |
| Current assets | 29/58 | €558,559 | €46,305 | -€512,254 | -91.7% |
| Amounts receivable within one year | 40/41 | €423,954 | €37,626 | -€386,329 | -91.1% |
| Other amounts receivable | 41 | €423,954 | €37,626 | -€386,329 | -91.1% |
| Cash at bank and in hand | 54/58 | €134,604 | €8,679 | -€125,925 | -93.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,106,870 | €5,896,885 | +€790,015 | +15.5% |
| Equity | 10/15 | €2,177,768 | €2,064,070 | -€113,698 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,171,568 | €2,057,870 | -€113,698 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €1,154,277 | €1,117,095 | -€37,182 | -3.2% |
| Distributable reserves | 133 | €1,015,431 | €940,776 | -€74,655 | -7.4% |
| Provisions and deferred taxes | 16 | €596,129 | €599,112 | +€2,984 | +0.5% |
| Deferred taxes | 168 | €596,129 | €599,112 | +€2,984 | +0.5% |
| Amounts payable | 17/49 | €2,332,973 | €3,233,702 | +€900,729 | +38.6% |
| Amounts payable after more than one year | 17 | €1,632,403 | €2,427,230 | +€794,827 | +48.7% |
| Financial debts | 170/4 | €1,271,833 | €2,103,959 | +€832,126 | +65.4% |
| Other amounts payable | 178/9 | €360,570 | €323,271 | -€37,299 | -10.3% |
| Amounts payable within one year | 42/48 | €694,491 | €801,283 | +€106,792 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €256,285 | €278,939 | +€22,655 | +8.8% |
| Financial debts | 43 | €29,048 | €21,212 | -€7,836 | -27.0% |
| Credit institutions | 430/8 | €29,048 | €21,212 | -€7,836 | -27.0% |
| Trade debts | 44 | €1,361 | €0 | -€1,361 | -100% |
| Suppliers | 440/4 | €1,361 | €0 | -€1,361 | -100% |
| Taxes, remuneration and social security | 45 | €14,201 | €7,313 | -€6,888 | -48.5% |
| Taxes | 450/3 | €14,201 | €7,313 | -€6,888 | -48.5% |
| Other amounts payable | 47/48 | €393,596 | €493,819 | +€100,223 | +25.5% |
| Accrued charges and deferred income | 492/3 | €6,079 | €5,189 | -€890 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,681 | €321,216 | +€131,535 | +69.3% |
| Other operating charges | 640/8 | €2,417 | €26,648 | +€24,231 | +1,003% |
| Non-recurring operating charges | 66A | €18,150 | €0 | -€18,150 | -100% |
| Gross operating margin | 9900 | €273,485 | €262,801 | -€10,684 | -3.9% |
| Operating profit (loss) | 9901 | €63,236 | -€85,063 | -€148,299 | |
| Financial income | 75/76B | €379,987 | €18,011 | -€361,976 | -95.3% |
| Recurring financial income | 75 | €15,887 | €11,879 | -€4,008 | -25.2% |
| Non-recurring financial income | 76B | €364,100 | €6,132 | -€357,969 | -98.3% |
| Financial charges | 65/66B | €42,839 | €66,616 | +€23,777 | +55.5% |
| Recurring financial charges | 65 | €42,839 | €66,616 | +€23,777 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €400,384 | -€133,668 | -€534,053 | |
| Transfer from deferred taxes | 780 | €40,496 | €47,090 | +€6,594 | +16.3% |
| Transfer to deferred taxes | 680 | €0 | €5,043 | +€5,043 | |
| Income taxes | 67/77 | €45,348 | €22,077 | -€23,272 | -51.3% |
| Profit (loss) for the period | 9904 | €395,531 | -€113,698 | -€509,229 | |
| Transfer from tax-exempt reserves | 789 | €43,662 | €52,311 | +€8,648 | +19.8% |
| Transfer to tax-exempt reserves | 689 | €0 | €15,128 | +€15,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €439,194 | -€76,515 | -€515,709 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.