Xerxes Holding: 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.
Xerxes Holding
Largest movements
- Financial fixed assets -€260,000
down €260,000 (-16.0%), from €1.6m to €1.4m
- Receivables within one year -€57,547
down €57,547 (-98.4%), from €58,501 to €954
of which Trade receivables: -€50,000
- Cash +€39,366
new in 2025: €39,366
mainly Investment in fixed assets (net) (+€260,000) and Receivables within one year (+€57,547)
- Other debts -€115,000
down €115,000 (-99.5%), from €115,559 to €559
- Debts after one year -€107,143
down €107,143 (-14.6%), from €732,589 to €625,446
- Trade debts -€60,524
down €60,524 (-99.6%), from €60,778 to €255
- Financial charges +€235,557
up €235,557 (+372%), from €63,381 to €298,938
of which Non-recurring financial charges: +€260,000
- Financial income -€215,000
down €215,000 (-45.3%), from €475,000 to €260,000
- Gross operating margin -€1,226
down €1,226 (-2.6%), from €46,357 to €45,131
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 | €1,683,501 | €1,405,320 | -€278,181 | -16.5% |
| Fixed assets | 21/28 | €1,625,000 | €1,365,000 | -€260,000 | -16.0% |
| Financial fixed assets | 28 | €1,625,000 | €1,365,000 | -€260,000 | -16.0% |
| Current assets | 29/58 | €58,501 | €40,320 | -€18,181 | -31.1% |
| Amounts receivable within one year | 40/41 | €58,501 | €954 | -€57,547 | -98.4% |
| Trade receivables | 40 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 41 | €8,501 | €954 | -€7,547 | -88.8% |
| Cash at bank and in hand | 54/58 | - | €39,366 | +€39,366 | |
| Total equity and liabilities | 10/49 | €1,683,501 | €1,405,320 | -€278,181 | -16.5% |
| Equity | 10/15 | €660,933 | €666,875 | +€5,943 | +0.9% |
| Contributions | 10/11 | €203,125 | €203,125 | = | 0.0% |
| Reserves | 13 | €457,808 | €463,750 | +€5,943 | +1.3% |
| Distributable reserves | 133 | €457,808 | €463,750 | +€5,943 | +1.3% |
| Amounts payable | 17/49 | €1,022,568 | €738,445 | -€284,123 | -27.8% |
| Amounts payable after more than one year | 17 | €732,589 | €625,446 | -€107,143 | -14.6% |
| Financial debts | 170/4 | €732,589 | €625,446 | -€107,143 | -14.6% |
| Amounts payable within one year | 42/48 | €284,939 | €107,956 | -€176,982 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €107,143 | €107,143 | = | 0.0% |
| Financial debts | 43 | €1,459 | - | -€1,459 | |
| Credit institutions | 430/8 | €1,459 | - | -€1,459 | |
| Trade debts | 44 | €60,778 | €255 | -€60,524 | -99.6% |
| Suppliers | 440/4 | €60,778 | €255 | -€60,524 | -99.6% |
| Other amounts payable | 47/48 | €115,559 | €559 | -€115,000 | -99.5% |
| Accrued charges and deferred income | 492/3 | €5,040 | €5,042 | +€2 | 0.0% |
| Other operating charges | 640/8 | €168 | €251 | +€83 | +49.1% |
| Gross operating margin | 9900 | €46,357 | €45,131 | -€1,226 | -2.6% |
| Operating profit (loss) | 9901 | €46,189 | €44,881 | -€1,308 | -2.8% |
| Financial income | 75/76B | €475,000 | €260,000 | -€215,000 | -45.3% |
| Recurring financial income | 75 | €475,000 | €260,000 | -€215,000 | -45.3% |
| Financial charges | 65/66B | €63,381 | €298,938 | +€235,557 | +372% |
| Recurring financial charges | 65 | €63,381 | €38,938 | -€24,443 | -38.6% |
| Non-recurring financial charges | 66B | - | €260,000 | +€260,000 | |
| Profit (loss) for the period before taxes | 9903 | €457,808 | €5,943 | -€451,865 | -98.7% |
| Profit (loss) for the period | 9904 | €457,808 | €5,943 | -€451,865 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €457,808 | €5,943 | -€451,865 | -98.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.