XIA HAIYONG: 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.
XIA HAIYONG
Largest movements
- Cash +€83,223
up €83,223 (+53.7%), from €154,935 to €238,158
mainly Net result for the year (+€116,052) and Depreciation (+€64,238)
- Tangible fixed assets -€63,089
down €63,089 (-17.2%), from €366,770 to €303,681
of which Other tangible fixed assets: -€39,190
- Receivables within one year +€7,496
up €7,496 (+42.5%), from €17,636 to €25,132
- Reserves +€106,632
up €106,632 (+36.5%), from €291,854 to €398,486
of which Distributable reserves: +€106,632
- Debts after one year -€104,396
down €104,396 (-88.3%), from €118,232 to €13,836
- Trade debts +€14,464
up €14,464 (+82.8%), from €17,464 to €31,928
- Profit (loss) carried forward +€9,420
up €9,420 (+142%), from €6,632 to €16,052
- Gross operating margin +€36,399
up €36,399 (+9.5%), from €382,765 to €419,164
- Staff costs +€12,246
up €12,246 (+9.0%), from €136,551 to €148,797
- Taxes +€9,065
up €9,065 (+19.3%), from €46,985 to €56,050
- Other operating charges +€6,810
up €6,810 (+29.8%), from €22,876 to €29,686
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 | €578,865 | €601,881 | +€23,016 | +4.0% |
| Fixed assets | 21/28 | €381,770 | €318,681 | -€63,089 | -16.5% |
| Tangible fixed assets | 22/27 | €366,770 | €303,681 | -€63,089 | -17.2% |
| Land and buildings | 22 | €154,564 | €149,908 | -€4,656 | -3.0% |
| Furniture and vehicles | 24 | €55,444 | €36,201 | -€19,243 | -34.7% |
| Other tangible fixed assets | 26 | €156,762 | €117,572 | -€39,190 | -25.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €197,095 | €283,200 | +€86,105 | +43.7% |
| Stocks and contracts in progress | 3 | €13,904 | €10,067 | -€3,837 | -27.6% |
| Stocks | 30/36 | €13,904 | €10,067 | -€3,837 | -27.6% |
| Amounts receivable within one year | 40/41 | €17,636 | €25,132 | +€7,496 | +42.5% |
| Trade receivables | 40 | €17,636 | €25,132 | +€7,496 | +42.5% |
| Cash at bank and in hand | 54/58 | €154,935 | €238,158 | +€83,223 | +53.7% |
| Deferred charges and accrued income | 490/1 | €10,620 | €9,843 | -€777 | -7.3% |
| Total equity and liabilities | 10/49 | €578,865 | €601,881 | +€23,016 | +4.0% |
| Equity | 10/15 | €317,086 | €433,138 | +€116,052 | +36.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,854 | €398,486 | +€106,632 | +36.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €289,994 | €396,626 | +€106,632 | +36.8% |
| Profit (loss) carried forward | 14 | €6,632 | €16,052 | +€9,420 | +142% |
| Amounts payable | 17/49 | €261,779 | €168,743 | -€93,036 | -35.5% |
| Amounts payable after more than one year | 17 | €118,232 | €13,836 | -€104,396 | -88.3% |
| Financial debts | 170/4 | €118,232 | €13,836 | -€104,396 | -88.3% |
| Amounts payable within one year | 42/48 | €143,547 | €154,907 | +€11,360 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €17,809 | €13,340 | -€4,469 | -25.1% |
| Trade debts | 44 | €17,464 | €31,928 | +€14,464 | +82.8% |
| Suppliers | 440/4 | €17,464 | €31,928 | +€14,464 | +82.8% |
| Taxes, remuneration and social security | 45 | €108,274 | €109,639 | +€1,365 | +1.3% |
| Taxes | 450/3 | €94,207 | €109,639 | +€15,432 | +16.4% |
| Remuneration and social security | 454/9 | €14,067 | - | -€14,067 | |
| Remuneration, social security and pensions | 62 | €136,551 | €148,797 | +€12,246 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,988 | €64,238 | +€1,250 | +2.0% |
| Other operating charges | 640/8 | €22,876 | €29,686 | +€6,810 | +29.8% |
| Gross operating margin | 9900 | €382,765 | €419,164 | +€36,399 | +9.5% |
| Operating profit (loss) | 9901 | €160,350 | €176,443 | +€16,093 | +10.0% |
| Financial income | 75/76B | €545 | €1,199 | +€654 | +120% |
| Recurring financial income | 75 | €545 | €1,199 | +€654 | +120% |
| Financial charges | 65/66B | €7,278 | €5,540 | -€1,738 | -23.9% |
| Recurring financial charges | 65 | €7,278 | €5,540 | -€1,738 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €153,617 | €172,102 | +€18,485 | +12.0% |
| Income taxes | 67/77 | €46,985 | €56,050 | +€9,065 | +19.3% |
| Profit (loss) for the period | 9904 | €106,632 | €116,052 | +€9,420 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,632 | €116,052 | +€9,420 | +8.8% |
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 26 October 2026 via checked.be.