XIA-JIN: 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.
XIA-JIN
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Cash -€198,545
down €198,545 (-52.9%), from €375,300 to €176,755
mainly Current investments (-€300,000) and Contributions, distributions and other (-€47,000)
- Receivables within one year -€17,884
down €17,884 (-89.7%), from €19,946 to €2,062
of which Other amounts receivable: -€16,034
- Tangible fixed assets -€13,003
down €13,003 (-12.5%), from €103,952 to €90,949
of which Leasing and similar rights: -€10,486
- Tax, wage and social debts +€29,130
up €29,130 (+194.9%), from €14,950 to €44,081
of which Taxes: +€24,888
- Reserves +€23,372
up €23,372 (+6.0%), from €389,874 to €413,245
- Trade debts +€14,886
up €14,886 (+73.6%), from €20,227 to €35,113
- Debts after one year -€10,547
down €10,547 (-15.3%), from €68,962 to €58,415
- Other debts +€10,257
up €10,257 (+747.9%), from €1,372 to €11,629
- Gross operating margin -€27,055
down €27,055 (-7.1%), from €379,948 to €352,893
- Staff costs -€22,001
down €22,001 (-8.8%), from €250,974 to €228,973
- Depreciation +€4,184
up €4,184 (+29.6%), from €14,155 to €18,339
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 | €507,441 | €573,959 | +€66,518 | +13.1% |
| Fixed assets | 21/28 | €103,952 | €90,949 | -€13,003 | -12.5% |
| Tangible fixed assets | 22/27 | €103,952 | €90,949 | -€13,003 | -12.5% |
| Plant, machinery and equipment | 23 | €25,940 | €23,423 | -€2,517 | -9.7% |
| Leasing and similar rights | 25 | €78,011 | €67,526 | -€10,486 | -13.4% |
| Current assets | 29/58 | €403,489 | €483,010 | +€79,521 | +19.7% |
| Stocks and contracts in progress | 3 | €7,869 | €3,828 | -€4,041 | -51.4% |
| Stocks | 30/36 | €7,869 | €3,828 | -€4,041 | -51.4% |
| Amounts receivable within one year | 40/41 | €19,946 | €2,062 | -€17,884 | -89.7% |
| Trade receivables | 40 | €3,912 | €2,062 | -€1,850 | -47.3% |
| Other amounts receivable | 41 | €16,034 | - | -€16,034 | |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €375,300 | €176,755 | -€198,545 | -52.9% |
| Deferred charges and accrued income | 490/1 | €375 | €364 | -€10 | -2.7% |
| Total equity and liabilities | 10/49 | €507,441 | €573,959 | +€66,518 | +13.1% |
| Equity | 10/15 | €389,874 | €413,245 | +€23,372 | +6.0% |
| Reserves | 13 | €389,874 | €413,245 | +€23,372 | +6.0% |
| Distributable reserves | 133 | €389,874 | €413,245 | +€23,372 | +6.0% |
| Amounts payable | 17/49 | €117,567 | €160,713 | +€43,146 | +36.7% |
| Amounts payable after more than one year | 17 | €68,962 | €58,415 | -€10,547 | -15.3% |
| Financial debts | 170/4 | €68,962 | €58,415 | -€10,547 | -15.3% |
| Amounts payable within one year | 42/48 | €46,750 | €101,227 | +€54,477 | +116.5% |
| Current portion of amounts payable after more than one year | 42 | €9,676 | €10,405 | +€729 | +7.5% |
| Trade debts | 44 | €20,227 | €35,113 | +€14,886 | +73.6% |
| Suppliers | 440/4 | €20,227 | €35,113 | +€14,886 | +73.6% |
| Advances received on contracts in progress | 46 | €526 | - | -€526 | |
| Taxes, remuneration and social security | 45 | €14,950 | €44,081 | +€29,130 | +194.9% |
| Taxes | 450/3 | €1,024 | €25,912 | +€24,888 | +2430.4% |
| Remuneration and social security | 454/9 | €13,926 | €18,169 | +€4,243 | +30.5% |
| Other amounts payable | 47/48 | €1,372 | €11,629 | +€10,257 | +747.9% |
| Accrued charges and deferred income | 492/3 | €1,855 | €1,071 | -€784 | -42.2% |
| Non-recurring operating income | 76A | €5,498 | €4,258 | -€1,240 | -22.6% |
| Remuneration, social security and pensions | 62 | €250,974 | €228,973 | -€22,001 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,155 | €18,339 | +€4,184 | +29.6% |
| Non-recurring operating charges | 66A | €5,845 | €34 | -€5,811 | -99.4% |
| Gross operating margin | 9900 | €379,948 | €352,893 | -€27,055 | -7.1% |
| Operating profit (loss) | 9901 | €108,974 | €105,547 | -€3,427 | -3.1% |
| Financial income | 75/76B | €2,134 | €1,060 | -€1,074 | -50.3% |
| Recurring financial income | 75 | €2,134 | €1,060 | -€1,074 | -50.3% |
| Financial charges | 65/66B | €5,340 | €7,439 | +€2,099 | +39.3% |
| Recurring financial charges | 65 | €5,340 | €7,439 | +€2,099 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €105,767 | €99,168 | -€6,600 | -6.2% |
| Income taxes | 67/77 | €29,456 | €28,796 | -€660 | -2.2% |
| Profit (loss) for the period | 9904 | €76,312 | €70,372 | -€5,940 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,312 | €70,372 | -€5,940 | -7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.