XIENU: 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.
XIENU
Largest movements
- Cash +€17,092
up €17,092 (+41.0%), from €41,648 to €58,740
mainly Net result for the year (+€36,771) and Depreciation (+€18,194)
- Tangible fixed assets -€9,216
down €9,216 (-6.6%), from €138,994 to €129,778
of which Land and buildings: -€8,100
- Deferred charges and accrued income +€4,605
up €4,605 (+99.1%), from €4,648 to €9,253
- Reserves +€36,771
up €36,771 (+37.5%), from €98,033 to €134,804
of which Distributable reserves: +€36,771
- Other debts -€18,163
down €18,163 (-84.5%), from €21,506 to €3,343
- Debts after one year -€8,134
down €8,134 (-6.9%), from €117,950 to €109,816
- Current portion of long-term debt -€4,129
down €4,129 (-33.7%), from €12,264 to €8,134
- Gross operating margin +€7,841
up €7,841 (+7.1%), from €109,919 to €117,760
- Depreciation -€2,003
down €2,003 (-9.9%), from €20,197 to €18,194
- Taxes +€1,800
up €1,800 (+18.1%), from €9,950 to €11,750
- Staff costs +€1,324
up €1,324 (+2.9%), from €44,918 to €46,242
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 | €290,487 | €298,986 | +€8,499 | +2.9% |
| Fixed assets | 21/28 | €154,809 | €143,093 | -€11,716 | -7.6% |
| Intangible fixed assets | 21 | €15,815 | €13,315 | -€2,500 | -15.8% |
| Tangible fixed assets | 22/27 | €138,994 | €129,778 | -€9,216 | -6.6% |
| Land and buildings | 22 | €110,696 | €102,596 | -€8,100 | -7.3% |
| Plant, machinery and equipment | 23 | €918 | €465 | -€454 | -49.4% |
| Furniture and vehicles | 24 | €27,380 | €26,717 | -€663 | -2.4% |
| Current assets | 29/58 | €135,678 | €155,893 | +€20,216 | +14.9% |
| Amounts receivable within one year | 40/41 | €89,382 | €87,900 | -€1,482 | -1.7% |
| Trade receivables | 40 | €83,715 | €87,834 | +€4,119 | +4.9% |
| Other amounts receivable | 41 | €5,667 | €66 | -€5,601 | -98.8% |
| Cash at bank and in hand | 54/58 | €41,648 | €58,740 | +€17,092 | +41.0% |
| Deferred charges and accrued income | 490/1 | €4,648 | €9,253 | +€4,605 | +99.1% |
| Total equity and liabilities | 10/49 | €290,487 | €298,986 | +€8,499 | +2.9% |
| Equity | 10/15 | €116,633 | €153,404 | +€36,771 | +31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,033 | €134,804 | +€36,771 | +37.5% |
| Tax-exempt reserves | 132 | €575 | €575 | = | 0.0% |
| Distributable reserves | 133 | €97,458 | €134,229 | +€36,771 | +37.7% |
| Amounts payable | 17/49 | €173,854 | €145,582 | -€28,272 | -16.3% |
| Amounts payable after more than one year | 17 | €117,950 | €109,816 | -€8,134 | -6.9% |
| Financial debts | 170/4 | €117,950 | €109,816 | -€8,134 | -6.9% |
| Amounts payable within one year | 42/48 | €55,904 | €35,766 | -€20,137 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €12,264 | €8,134 | -€4,129 | -33.7% |
| Trade debts | 44 | €556 | €918 | +€362 | +65.1% |
| Suppliers | 440/4 | €556 | €918 | +€362 | +65.1% |
| Taxes, remuneration and social security | 45 | €21,578 | €23,371 | +€1,793 | +8.3% |
| Taxes | 450/3 | €14,846 | €16,312 | +€1,466 | +9.9% |
| Remuneration and social security | 454/9 | €6,732 | €7,059 | +€327 | +4.9% |
| Other amounts payable | 47/48 | €21,506 | €3,343 | -€18,163 | -84.5% |
| Remuneration, social security and pensions | 62 | €44,918 | €46,242 | +€1,324 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,197 | €18,194 | -€2,003 | -9.9% |
| Other operating charges | 640/8 | €1,768 | €1,849 | +€81 | +4.6% |
| Non-recurring operating charges | 66A | €416 | - | -€416 | |
| Gross operating margin | 9900 | €109,919 | €117,760 | +€7,841 | +7.1% |
| Operating profit (loss) | 9901 | €42,621 | €51,476 | +€8,855 | +20.8% |
| Financial income | 75/76B | €140 | €166 | +€26 | +18.8% |
| Recurring financial income | 75 | €140 | €166 | +€26 | +18.8% |
| Financial charges | 65/66B | €3,320 | €3,121 | -€198 | -6.0% |
| Recurring financial charges | 65 | €3,320 | €3,121 | -€198 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €39,441 | €48,521 | +€9,080 | +23.0% |
| Income taxes | 67/77 | €9,950 | €11,750 | +€1,800 | +18.1% |
| Profit (loss) for the period | 9904 | €29,491 | €36,771 | +€7,280 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,491 | €36,771 | +€7,280 | +24.7% |
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 29 September 2026 via checked.be.