XIN HAO: 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 HAO
Largest movements
- Tangible fixed assets -€10,166
down €10,166 (-16.7%), from €60,798 to €50,632
of which Furniture and vehicles: -€10,201
- Receivables within one year +€5,290
up €5,290 (+616%), from €859 to €6,149
of which Other amounts receivable: +€4,970
- Cash -€4,859
down €4,859 (-20.7%), from €23,499 to €18,640
mainly Receivables within one year (-€5,290) and Contributions, distributions and other (-€5,263)
- Current portion of long-term debt -€5,118
down €5,118 (-74.3%), from €6,889 to €1,771
- Reserves -€3,575
down €3,575 (-7.0%), from €50,794 to €47,219
of which Tax-exempt reserves: -€1,905
- Other debts +€2,693
up €2,693 (+105%), from €2,571 to €5,263
- Trade debts -€1,915
down €1,915 (-74.7%), from €2,564 to €649
- Debts after one year -€1,771
down €1,771 (-100%), from €1,771 to €0
- Gross operating margin +€4,194
up €4,194 (+10.9%), from €38,531 to €42,725
- Staff costs +€2,820
up €2,820 (+16.8%), from €16,794 to €19,614
- Other operating charges +€832
up €832 (+66.6%), from €1,250 to €2,083
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.
Derived cash bridge
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 | €87,420 | €78,121 | -€9,300 | -10.6% |
| Fixed assets | 21/28 | €60,798 | €50,632 | -€10,166 | -16.7% |
| Tangible fixed assets | 22/27 | €60,798 | €50,632 | -€10,166 | -16.7% |
| Plant, machinery and equipment | 23 | €923 | €922 | -€2 | -0.2% |
| Furniture and vehicles | 24 | €35,393 | €25,193 | -€10,201 | -28.8% |
| Other tangible fixed assets | 26 | €24,481 | €24,518 | +€37 | +0.2% |
| Current assets | 29/58 | €26,622 | €27,488 | +€866 | +3.3% |
| Stocks and contracts in progress | 3 | €1,018 | €1,751 | +€733 | +72.0% |
| Stocks | 30/36 | €1,018 | €1,751 | +€733 | +72.0% |
| Amounts receivable within one year | 40/41 | €859 | €6,149 | +€5,290 | +616% |
| Trade receivables | 40 | - | €320 | +€320 | |
| Other amounts receivable | 41 | €859 | €5,829 | +€4,970 | +579% |
| Cash at bank and in hand | 54/58 | €23,499 | €18,640 | -€4,859 | -20.7% |
| Deferred charges and accrued income | 490/1 | €1,247 | €948 | -€298 | -23.9% |
| Total equity and liabilities | 10/49 | €87,420 | €78,121 | -€9,300 | -10.6% |
| Equity | 10/15 | €69,394 | €65,819 | -€3,575 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,794 | €47,219 | -€3,575 | -7.0% |
| Tax-exempt reserves | 132 | €8,096 | €6,191 | -€1,905 | -23.5% |
| Distributable reserves | 133 | €42,699 | €41,029 | -€1,670 | -3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,024 | €1,548 | -€476 | -23.5% |
| Deferred taxes | 168 | €2,024 | €1,548 | -€476 | -23.5% |
| Amounts payable | 17/49 | €16,002 | €10,753 | -€5,249 | -32.8% |
| Amounts payable after more than one year | 17 | €1,771 | €0 | -€1,771 | -100% |
| Financial debts | 170/4 | €1,771 | €0 | -€1,771 | -100% |
| Amounts payable within one year | 42/48 | €14,231 | €10,158 | -€4,073 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €6,889 | €1,771 | -€5,118 | -74.3% |
| Trade debts | 44 | €2,564 | €649 | -€1,915 | -74.7% |
| Suppliers | 440/4 | €2,564 | €649 | -€1,915 | -74.7% |
| Taxes, remuneration and social security | 45 | €2,207 | €2,476 | +€268 | +12.1% |
| Taxes | 450/3 | €2,089 | €2,262 | +€173 | +8.3% |
| Remuneration and social security | 454/9 | €118 | €214 | +€96 | +80.7% |
| Other amounts payable | 47/48 | €2,571 | €5,263 | +€2,693 | +105% |
| Accrued charges and deferred income | 492/3 | - | €595 | +€595 | |
| Remuneration, social security and pensions | 62 | €16,794 | €19,614 | +€2,820 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,593 | €14,839 | +€246 | +1.7% |
| Other operating charges | 640/8 | €1,250 | €2,083 | +€832 | +66.6% |
| Gross operating margin | 9900 | €38,531 | €42,725 | +€4,194 | +10.9% |
| Operating profit (loss) | 9901 | €5,894 | €6,190 | +€296 | +5.0% |
| Financial income | 75/76B | €291 | €95 | -€196 | -67.2% |
| Recurring financial income | 75 | €291 | €95 | -€196 | -67.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,344 | €3,259 | -€85 | -2.5% |
| Recurring financial charges | 65 | €3,344 | €3,259 | -€85 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €2,841 | €3,026 | +€185 | +6.5% |
| Transfer from deferred taxes | 780 | €476 | €476 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,570 | €1,814 | +€244 | +15.5% |
| Profit (loss) for the period | 9904 | €1,748 | €1,688 | -€59 | -3.4% |
| Transfer from tax-exempt reserves | 789 | €1,905 | €1,905 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €3,652 | €3,593 | -€59 | -1.6% |
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 19 October 2026 via checked.be.