XIN HAI: what changed
Two financial 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 HAI
Largest movements
- Tangible fixed assets -€9,268
down €9,268 (-27.2%), from €34,127 to €24,859
- Receivables within one year -€6,604
down €6,604 (-52.1%), from €12,673 to €6,069
- Cash -€5,024
down €5,024 (-7.5%), from €67,144 to €62,120
mainly Other debts (-€13,502) and Tax, wage and social debts (-€11,445)
- Other debts -€13,502
down €13,502 (-24.8%), from €54,332 to €40,831
- Tax, wage and social debts -€11,445
down €11,445 (-54.7%), from €20,933 to €9,488
of which Taxes: -€13,445
- Reserves +€10,656
up €10,656 (+11.4%), from €93,885 to €104,541
of which Distributable reserves: +€12,511
- Debts after one year -€8,521
down €8,521 (-37.0%), from €23,024 to €14,502
- Gross operating margin -€13,310
down €13,310 (-33.0%), from €40,385 to €27,074
- Taxes -€4,361
down €4,361 (-39.7%), from €10,983 to €6,622
- Financial income -€3,056
down €3,056 (-55.0%), from €5,559 to €2,503
of which Non-recurring financial income: -€2,875
- Financial charges +€735
up €735 (+34.4%), from €2,136 to €2,871
- Other operating charges -€650
down €650 (-87.8%), from €740 to €90
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 | €206,583 | €185,510 | -€21,072 | -10.2% |
| Fixed assets | 21/28 | €34,127 | €24,859 | -€9,268 | -27.2% |
| Tangible fixed assets | 22/27 | €34,127 | €24,859 | -€9,268 | -27.2% |
| Furniture and vehicles | 24 | €34,127 | €24,859 | -€9,268 | -27.2% |
| Current assets | 29/58 | €172,456 | €160,652 | -€11,805 | -6.8% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €887 | €887 | = | 0.0% |
| Stocks | 30/36 | €887 | €887 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,673 | €6,069 | -€6,604 | -52.1% |
| Other amounts receivable | 41 | €12,673 | €6,069 | -€6,604 | -52.1% |
| Cash at bank and in hand | 54/58 | €67,144 | €62,120 | -€5,024 | -7.5% |
| Deferred charges and accrued income | 490/1 | €1,752 | €1,575 | -€177 | -10.1% |
| Total equity and liabilities | 10/49 | €206,583 | €185,510 | -€21,072 | -10.2% |
| Equity | 10/15 | €100,085 | €110,741 | +€10,656 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €93,885 | €104,541 | +€10,656 | +11.4% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €92,030 | €104,541 | +€12,511 | +13.6% |
| Amounts payable | 17/49 | €106,498 | €74,769 | -€31,729 | -29.8% |
| Amounts payable after more than one year | 17 | €23,024 | €14,502 | -€8,521 | -37.0% |
| Financial debts | 170/4 | €23,024 | €14,502 | -€8,521 | -37.0% |
| Amounts payable within one year | 42/48 | €83,474 | €60,267 | -€23,208 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €8,100 | €8,521 | +€421 | +5.2% |
| Trade debts | 44 | €109 | €1,427 | +€1,318 | +1205.6% |
| Suppliers | 440/4 | €109 | €1,427 | +€1,318 | +1205.6% |
| Taxes, remuneration and social security | 45 | €20,933 | €9,488 | -€11,445 | -54.7% |
| Taxes | 450/3 | €20,933 | €7,488 | -€13,445 | -64.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €54,332 | €40,831 | -€13,502 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,572 | €9,338 | -€234 | -2.4% |
| Other operating charges | 640/8 | €740 | €90 | -€650 | -87.8% |
| Gross operating margin | 9900 | €40,385 | €27,074 | -€13,310 | -33.0% |
| Operating profit (loss) | 9901 | €30,073 | €17,646 | -€12,427 | -41.3% |
| Financial income | 75/76B | €5,559 | €2,503 | -€3,056 | -55.0% |
| Recurring financial income | 75 | €2,684 | €2,503 | -€181 | -6.8% |
| Non-recurring financial income | 76B | €2,875 | - | -€2,875 | |
| Financial charges | 65/66B | €2,136 | €2,871 | +€735 | +34.4% |
| Recurring financial charges | 65 | €2,136 | €2,871 | +€735 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €33,496 | €17,278 | -€16,218 | -48.4% |
| Income taxes | 67/77 | €10,983 | €6,622 | -€4,361 | -39.7% |
| Profit (loss) for the period | 9904 | €22,513 | €10,656 | -€11,857 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,513 | €10,656 | -€11,857 | -52.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.