XIN FU: 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.
XIN FU
Largest movements
- Tangible fixed assets -€120,162
down €120,162 (-30.6%), from €392,830 to €272,667
of which Land and buildings: -€107,351
- Cash +€42,099
up €42,099 (+127.7%), from €32,963 to €75,062
mainly Net result for the year (+€110,690) and Investment in fixed assets (net) (+€100,108)
- Receivables within one year +€22,407
up €22,407 (+746.9%), from €3,000 to €25,407
of which Other amounts receivable: +€20,758
- Stocks and contracts -€8,148
no longer reported in 2025 (was €8,148)
- Debts after one year -€165,902
no longer reported in 2025 (was €165,902)
- Reserves +€127,943
up €127,943 (+209.1%), from €61,200 to €189,143
of which Tax-exempt reserves: +€127,943
- Provisions +€42,648
new in 2025: €42,648
- Other debts -€34,309
no longer reported in 2025 (was €34,309)
- Profit (loss) carried forward -€20,259
down €20,259 (-17.5%), from €115,503 to €95,243
- Gross operating margin +€115,533
up €115,533 (+161.7%), from €71,458 to €186,991
- Taxes -€9,018
down €9,018 (-64.4%), from €14,000 to €4,982
- Depreciation -€6,577
down €6,577 (-24.7%), from €26,631 to €20,054
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 | €437,055 | €373,251 | -€63,804 | -14.6% |
| Fixed assets | 21/28 | €392,945 | €272,782 | -€120,162 | -30.6% |
| Tangible fixed assets | 22/27 | €392,830 | €272,667 | -€120,162 | -30.6% |
| Land and buildings | 22 | €342,562 | €235,210 | -€107,351 | -31.3% |
| Plant, machinery and equipment | 23 | €11,838 | €8,212 | -€3,626 | -30.6% |
| Furniture and vehicles | 24 | €38,430 | €29,245 | -€9,185 | -23.9% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €44,110 | €100,469 | +€56,358 | +127.8% |
| Stocks and contracts in progress | 3 | €8,148 | - | -€8,148 | |
| Stocks | 30/36 | €8,148 | - | -€8,148 | |
| Amounts receivable within one year | 40/41 | €3,000 | €25,407 | +€22,407 | +746.9% |
| Trade receivables | 40 | - | €1,649 | +€1,649 | |
| Other amounts receivable | 41 | €3,000 | €23,758 | +€20,758 | +691.9% |
| Cash at bank and in hand | 54/58 | €32,963 | €75,062 | +€42,099 | +127.7% |
| Total equity and liabilities | 10/49 | €437,055 | €373,251 | -€63,804 | -14.6% |
| Equity | 10/15 | €206,703 | €314,387 | +€107,684 | +52.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €61,200 | €189,143 | +€127,943 | +209.1% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €127,943 | +€127,943 | |
| Distributable reserves | 133 | €58,200 | €58,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,503 | €95,243 | -€20,259 | -17.5% |
| Provisions and deferred taxes | 16 | - | €42,648 | +€42,648 | |
| Deferred taxes | 168 | - | €42,648 | +€42,648 | |
| Amounts payable | 17/49 | €230,352 | €16,217 | -€214,136 | -93.0% |
| Amounts payable after more than one year | 17 | €165,902 | - | -€165,902 | |
| Financial debts | 170/4 | €165,902 | - | -€165,902 | |
| Amounts payable within one year | 42/48 | €64,450 | €16,217 | -€48,233 | -74.8% |
| Current portion of amounts payable after more than one year | 42 | €17,376 | - | -€17,376 | |
| Trade debts | 44 | €137 | €5,272 | +€5,135 | +3754.6% |
| Suppliers | 440/4 | €137 | €5,272 | +€5,135 | +3754.6% |
| Taxes, remuneration and social security | 45 | €12,628 | €10,945 | -€1,683 | -13.3% |
| Taxes | 450/3 | €12,628 | €10,945 | -€1,683 | -13.3% |
| Other amounts payable | 47/48 | €34,309 | - | -€34,309 | |
| Remuneration, social security and pensions | 62 | €78 | - | -€78 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,631 | €20,054 | -€6,577 | -24.7% |
| Other operating charges | 640/8 | €7,933 | €6,260 | -€1,674 | -21.1% |
| Gross operating margin | 9900 | €71,458 | €186,991 | +€115,533 | +161.7% |
| Operating profit (loss) | 9901 | €36,816 | €160,677 | +€123,862 | +336.4% |
| Financial income | 75/76B | €1,889 | €1,166 | -€723 | -38.3% |
| Recurring financial income | 75 | €1,889 | €1,166 | -€723 | -38.3% |
| Financial charges | 65/66B | €5,223 | €3,523 | -€1,700 | -32.5% |
| Recurring financial charges | 65 | €5,223 | €3,523 | -€1,700 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €33,481 | €158,320 | +€124,839 | +372.9% |
| Transfer from deferred taxes | 780 | €346 | €2,338 | +€1,992 | +576.0% |
| Transfer to deferred taxes | 680 | - | €44,986 | +€44,986 | |
| Income taxes | 67/77 | €14,000 | €4,982 | -€9,018 | -64.4% |
| Profit (loss) for the period | 9904 | €19,827 | €110,690 | +€90,863 | +458.3% |
| Transfer from tax-exempt reserves | 789 | - | €7,013 | +€7,013 | |
| Transfer to tax-exempt reserves | 689 | - | €134,957 | +€134,957 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,827 | -€17,253 | -€37,080 |
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 7 October 2026 via checked.be.