XIAOFENG: 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.
XIAOFENG
Largest movements
- Cash +€14,792
up €14,792 (+35.8%), from €41,320 to €56,112
mainly Net result for the year (+€18,849) and Depreciation (+€15,840)
- Receivables within one year +€10,856
up €10,856 (+136.8%), from €7,935 to €18,791
of which Other amounts receivable: +€10,856
- Tangible fixed assets -€8,991
down €8,991 (-14.8%), from €60,679 to €51,687
of which Furniture and vehicles: -€12,723
- Stocks and contracts -€3,898
down €3,898 (-100.0%), from €3,898 to €0
- Intangible fixed assets -€2,000
down €2,000 (-13.8%), from €14,500 to €12,500
- Reserves +€19,040
new in 2025: €19,040
- Debts after one year -€13,432
down €13,432 (-39.4%), from €34,125 to €20,693
- Tax, wage and social debts +€10,078
up €10,078 (+58.0%), from €17,389 to €27,467
of which Taxes: +€13,129
- Other debts -€3,751
down €3,751 (-62.5%), from €5,998 to €2,247
- Gross operating margin +€26,930
up €26,930 (+27.3%), from €98,825 to €125,755
- Taxes +€12,673
up €12,673 (+691.4%), from €1,833 to €14,505
- Depreciation -€4,847
down €4,847 (-23.4%), from €20,687 to €15,840
- Staff costs +€3,273
up €3,273 (+4.9%), from €66,447 to €69,720
- Other operating charges -€3,049
down €3,049 (-46.5%), from €6,554 to €3,506
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 | €152,796 | €163,872 | +€11,077 | +7.2% |
| Fixed assets | 21/28 | €92,429 | €81,437 | -€10,991 | -11.9% |
| Intangible fixed assets | 21 | €14,500 | €12,500 | -€2,000 | -13.8% |
| Tangible fixed assets | 22/27 | €60,679 | €51,687 | -€8,991 | -14.8% |
| Plant, machinery and equipment | 23 | €18,210 | €17,322 | -€888 | -4.9% |
| Furniture and vehicles | 24 | €42,469 | €29,746 | -€12,723 | -30.0% |
| Other tangible fixed assets | 26 | - | €4,619 | +€4,619 | |
| Financial fixed assets | 28 | €17,250 | €17,250 | = | 0.0% |
| Current assets | 29/58 | €60,367 | €82,435 | +€22,068 | +36.6% |
| Stocks and contracts in progress | 3 | €3,898 | €0 | -€3,898 | -100.0% |
| Stocks | 30/36 | €3,898 | €0 | -€3,898 | -100.0% |
| Amounts receivable within one year | 40/41 | €7,935 | €18,791 | +€10,856 | +136.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,935 | €18,791 | +€10,856 | +136.8% |
| Cash at bank and in hand | 54/58 | €41,320 | €56,112 | +€14,792 | +35.8% |
| Deferred charges and accrued income | 490/1 | €7,214 | €7,532 | +€319 | +4.4% |
| Total equity and liabilities | 10/49 | €152,796 | €163,872 | +€11,077 | +7.2% |
| Equity | 10/15 | €61,945 | €80,795 | +€18,849 | +30.4% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | - | €19,040 | +€19,040 | |
| Distributable reserves | 133 | - | €19,040 | +€19,040 | |
| Profit (loss) carried forward | 14 | €23,345 | €23,155 | -€191 | -0.8% |
| Amounts payable | 17/49 | €90,850 | €83,078 | -€7,772 | -8.6% |
| Amounts payable after more than one year | 17 | €34,125 | €20,693 | -€13,432 | -39.4% |
| Financial debts | 170/4 | €34,125 | €20,693 | -€13,432 | -39.4% |
| Amounts payable within one year | 42/48 | €56,725 | €62,384 | +€5,659 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €12,726 | €13,432 | +€706 | +5.5% |
| Trade debts | 44 | €20,612 | €19,239 | -€1,373 | -6.7% |
| Suppliers | 440/4 | €20,612 | €19,239 | -€1,373 | -6.7% |
| Taxes, remuneration and social security | 45 | €17,389 | €27,467 | +€10,078 | +58.0% |
| Taxes | 450/3 | €8,235 | €21,363 | +€13,129 | +159.4% |
| Remuneration and social security | 454/9 | €9,154 | €6,103 | -€3,051 | -33.3% |
| Other amounts payable | 47/48 | €5,998 | €2,247 | -€3,751 | -62.5% |
| Remuneration, social security and pensions | 62 | €66,447 | €69,720 | +€3,273 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,687 | €15,840 | -€4,847 | -23.4% |
| Other operating charges | 640/8 | €6,554 | €3,506 | -€3,049 | -46.5% |
| Gross operating margin | 9900 | €98,825 | €125,755 | +€26,930 | +27.3% |
| Operating profit (loss) | 9901 | €5,137 | €36,689 | +€31,553 | +614.3% |
| Financial income | 75/76B | €134 | €84 | -€49 | -37.0% |
| Recurring financial income | 75 | €134 | €84 | -€49 | -37.0% |
| Financial charges | 65/66B | €3,045 | €3,419 | +€374 | +12.3% |
| Recurring financial charges | 65 | €3,045 | €3,419 | +€374 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €2,225 | €33,355 | +€31,130 | +1399.1% |
| Income taxes | 67/77 | €1,833 | €14,505 | +€12,673 | +691.4% |
| Profit (loss) for the period | 9904 | €392 | €18,849 | +€18,457 | +4706.5% |
| Profit (loss) for the period to be appropriated | 9905 | €392 | €18,849 | +€18,457 | +4706.5% |
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.