Xfincs: 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.
Xfincs
Largest movements
- Tangible fixed assets +€376,901
up €376,901 (+873%), from €43,166 to €420,067
of which Land and buildings: +€339,111
- Cash -€54,309
down €54,309 (-13.0%), from €417,694 to €363,385
mainly Investment in fixed assets (net) (-€407,695) and Contributions, distributions and other (-€67,580)
- Receivables within one year +€16,249
up €16,249 (+81.4%), from €19,961 to €36,210
of which Other amounts receivable: +€22,509
- Debts after one year +€335,720
new in 2025: €335,720
- Current portion of long-term debt +€14,020
new in 2025: €14,020
- Gross operating margin -€38,474
down €38,474 (-25.0%), from €153,635 to €115,160
- Depreciation +€22,962
up €22,962 (+293%), from €7,832 to €30,794
- Taxes -€16,745
down €16,745 (-42.2%), from €39,659 to €22,914
- Financial charges +€6,864
up €6,864, from -€482 to €6,382
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 | €648,370 | €990,517 | +€342,147 | +52.8% |
| Fixed assets | 21/28 | €44,066 | €420,967 | +€376,901 | +855% |
| Tangible fixed assets | 22/27 | €43,166 | €420,067 | +€376,901 | +873% |
| Land and buildings | 22 | €39,104 | €378,215 | +€339,111 | +867% |
| Plant, machinery and equipment | 23 | - | €3,650 | +€3,650 | |
| Furniture and vehicles | 24 | €4,062 | €38,201 | +€34,139 | +840% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €604,303 | €569,550 | -€34,754 | -5.8% |
| Amounts receivable after more than one year | 29 | €31,000 | €31,000 | = | 0.0% |
| Other amounts receivable | 291 | €31,000 | €31,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,961 | €36,210 | +€16,249 | +81.4% |
| Trade receivables | 40 | €19,927 | €13,667 | -€6,260 | -31.4% |
| Other amounts receivable | 41 | €34 | €22,542 | +€22,509 | +66,712% |
| Current investments | 50/53 | €133,089 | €136,875 | +€3,786 | +2.8% |
| Cash at bank and in hand | 54/58 | €417,694 | €363,385 | -€54,309 | -13.0% |
| Deferred charges and accrued income | 490/1 | €2,560 | €2,080 | -€480 | -18.8% |
| Total equity and liabilities | 10/49 | €648,370 | €990,517 | +€342,147 | +52.8% |
| Equity | 10/15 | €630,745 | €621,381 | -€9,365 | -1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €489,465 | €480,100 | -€9,365 | -1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €445,505 | €436,140 | -€9,365 | -2.1% |
| Profit (loss) carried forward | 14 | €128,881 | €128,881 | = | 0.0% |
| Amounts payable | 17/49 | €17,624 | €369,136 | +€351,512 | +1,994% |
| Amounts payable after more than one year | 17 | - | €335,720 | +€335,720 | |
| Financial debts | 170/4 | - | €335,720 | +€335,720 | |
| Amounts payable within one year | 42/48 | €17,624 | €32,552 | +€14,928 | +84.7% |
| Current portion of amounts payable after more than one year | 42 | - | €14,020 | +€14,020 | |
| Trade debts | 44 | €1,982 | €1,823 | -€159 | -8.0% |
| Suppliers | 440/4 | €1,982 | €1,823 | -€159 | -8.0% |
| Taxes, remuneration and social security | 45 | €13,594 | €16,709 | +€3,115 | +22.9% |
| Taxes | 450/3 | €13,594 | €16,709 | +€3,115 | +22.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,048 | €0 | -€2,048 | -100% |
| Accrued charges and deferred income | 492/3 | - | €864 | +€864 | |
| Non-recurring operating income | 76A | - | €14,480 | +€14,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,832 | €30,794 | +€22,962 | +293% |
| Other operating charges | 640/8 | €830 | €1,124 | +€294 | +35.4% |
| Gross operating margin | 9900 | €153,635 | €115,160 | -€38,474 | -25.0% |
| Operating profit (loss) | 9901 | €144,972 | €83,242 | -€61,730 | -42.6% |
| Financial income | 75/76B | €5,453 | €4,269 | -€1,184 | -21.7% |
| Recurring financial income | 75 | €5,453 | €4,269 | -€1,184 | -21.7% |
| Financial charges | 65/66B | -€482 | €6,382 | +€6,864 | |
| Recurring financial charges | 65 | -€482 | €6,382 | +€6,864 | |
| Profit (loss) for the period before taxes | 9903 | €150,907 | €81,129 | -€69,778 | -46.2% |
| Income taxes | 67/77 | €39,659 | €22,914 | -€16,745 | -42.2% |
| Profit (loss) for the period | 9904 | €111,248 | €58,215 | -€53,033 | -47.7% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €69,148 | €58,215 | -€10,933 | -15.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.