XIMA: 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.
XIMA
Largest movements
- Current investments +€4.0m
up €4.0m (+91.9%), from €4.3m to €8.3m
- Tangible fixed assets +€598,537
up €598,537 (+9.8%), from €6.1m to €6.7m
of which Other tangible fixed assets: +€345,950
- Other debts +€3.7m
up €3.7m (+102.0%), from €3.6m to €7.3m
- Profit (loss) carried forward +€1.8m
up €1.8m (+8.7%), from €21.2m to €23.0m
- Debts after one year -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
of which Other amounts payable: -€1.0m
- Financial income -€927,870
down €927,870 (-30.1%), from €3.1m to €2.2m
- Financial charges +€641,123
up €641,123 (+190.6%), from €336,420 to €977,543
- Gross operating margin +€324,042
up €324,042 (+36.6%), from €884,460 to €1.2m
- Taxes +€62,393
up €62,393 (+48.2%), from €129,377 to €191,770
- Depreciation +€25,159
up €25,159 (+8.3%), from €302,417 to €327,576
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 | €26,687,542 | €31,266,439 | +€4.6m | +17.2% |
| Fixed assets | 21/28 | €21,117,958 | €21,766,495 | +€648,537 | +3.1% |
| Tangible fixed assets | 22/27 | €6,117,205 | €6,715,742 | +€598,537 | +9.8% |
| Land and buildings | 22 | €5,581,474 | €5,886,300 | +€304,826 | +5.5% |
| Furniture and vehicles | 24 | €298,346 | €246,107 | -€52,239 | -17.5% |
| Other tangible fixed assets | 26 | €237,385 | €583,335 | +€345,950 | +145.7% |
| Financial fixed assets | 28 | €15,000,753 | €15,050,753 | +€50,000 | +0.3% |
| Current assets | 29/58 | €5,569,584 | €9,499,944 | +€3.9m | +70.6% |
| Amounts receivable within one year | 40/41 | €1,042,308 | €1,047,385 | +€5,076 | +0.5% |
| Trade receivables | 40 | €68,927 | €55,563 | -€13,364 | -19.4% |
| Other amounts receivable | 41 | €973,381 | €991,821 | +€18,440 | +1.9% |
| Current investments | 50/53 | €4,300,000 | €8,250,000 | +€4.0m | +91.9% |
| Cash at bank and in hand | 54/58 | €222,140 | €200,776 | -€21,364 | -9.6% |
| Deferred charges and accrued income | 490/1 | €5,136 | €1,783 | -€3,353 | -65.3% |
| Total equity and liabilities | 10/49 | €26,687,542 | €31,266,439 | +€4.6m | +17.2% |
| Equity | 10/15 | €21,360,518 | €23,208,276 | +€1.8m | +8.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,160,518 | €23,008,276 | +€1.8m | +8.7% |
| Amounts payable | 17/49 | €5,327,024 | €8,058,163 | +€2.7m | +51.3% |
| Amounts payable after more than one year | 17 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Amounts payable within one year | 42/48 | €3,988,304 | €7,582,613 | +€3.6m | +90.1% |
| Current portion of amounts payable after more than one year | 42 | €214,286 | €0 | -€214,286 | -100.0% |
| Trade debts | 44 | €126,252 | €7,088 | -€119,164 | -94.4% |
| Suppliers | 440/4 | €126,252 | €7,088 | -€119,164 | -94.4% |
| Taxes, remuneration and social security | 45 | €29,931 | €268,088 | +€238,156 | +795.7% |
| Taxes | 450/3 | €29,931 | €268,088 | +€238,156 | +795.7% |
| Other amounts payable | 47/48 | €3,617,835 | €7,307,437 | +€3.7m | +102.0% |
| Accrued charges and deferred income | 492/3 | €338,720 | €475,550 | +€136,830 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302,417 | €327,576 | +€25,159 | +8.3% |
| Other operating charges | 640/8 | €8,048 | €15,403 | +€7,355 | +91.4% |
| Gross operating margin | 9900 | €884,460 | €1,208,502 | +€324,042 | +36.6% |
| Operating profit (loss) | 9901 | €573,995 | €865,523 | +€291,528 | +50.8% |
| Financial income | 75/76B | €3,079,418 | €2,151,548 | -€927,870 | -30.1% |
| Recurring financial income | 75 | €3,079,418 | €2,151,548 | -€927,870 | -30.1% |
| Financial charges | 65/66B | €336,420 | €977,543 | +€641,123 | +190.6% |
| Recurring financial charges | 65 | €336,420 | €977,543 | +€641,123 | +190.6% |
| Profit (loss) for the period before taxes | 9903 | €3,316,994 | €2,039,528 | -€1.3m | -38.5% |
| Income taxes | 67/77 | €129,377 | €191,770 | +€62,393 | +48.2% |
| Profit (loss) for the period | 9904 | €3,187,617 | €1,847,758 | -€1.3m | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,187,617 | €1,847,758 | -€1.3m | -42.0% |
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 28 September 2026 via checked.be.