XIN MI: 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 MI
Largest movements
- Stocks and contracts +€80,715
up €80,715 (+109%), from €74,023 to €154,738
- Cash -€39,208
down €39,208 (-34.9%), from €112,444 to €73,236
mainly Stocks and contracts (-€80,715) and Other debts (-€17,164)
- Receivables within one year +€4,993
up €4,993 (+23.5%), from €21,287 to €26,280
- Profit (loss) carried forward +€29,010
up €29,010 (+45.9%), from €63,206 to €92,216
- Tax, wage and social debts +€20,550
up €20,550 (+20.3%), from €101,037 to €121,588
of which Remuneration and social security: +€21,462
- Other debts -€17,164
down €17,164 (-99.5%), from €17,242 to €78
- Trade debts +€12,625
up €12,625 (+105%), from €12,013 to €24,637
- Gross operating margin -€10,296
down €10,296 (-8.1%), from €127,768 to €117,471
- Staff costs +€6,099
up €6,099 (+10.0%), from €61,082 to €67,182
- Taxes -€3,071
down €3,071 (-17.9%), from €17,130 to €14,059
- Other operating charges +€1,704
up €1,704 (+278%), from €613 to €2,317
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 | €213,957 | €258,979 | +€45,021 | +21.0% |
| Fixed assets | 21/28 | €6,204 | €2,260 | -€3,945 | -63.6% |
| Intangible fixed assets | 21 | €2,000 | €0 | -€2,000 | -100% |
| Tangible fixed assets | 22/27 | €4,204 | €2,260 | -€1,945 | -46.3% |
| Plant, machinery and equipment | 23 | €1,558 | €749 | -€808 | -51.9% |
| Furniture and vehicles | 24 | €2,647 | €1,510 | -€1,137 | -42.9% |
| Current assets | 29/58 | €207,753 | €256,719 | +€48,966 | +23.6% |
| Stocks and contracts in progress | 3 | €74,023 | €154,738 | +€80,715 | +109% |
| Stocks | 30/36 | €74,023 | €154,738 | +€80,715 | +109% |
| Amounts receivable within one year | 40/41 | €21,287 | €26,280 | +€4,993 | +23.5% |
| Trade receivables | 40 | €21,287 | €26,280 | +€4,993 | +23.5% |
| Cash at bank and in hand | 54/58 | €112,444 | €73,236 | -€39,208 | -34.9% |
| Deferred charges and accrued income | 490/1 | - | €2,466 | +€2,466 | |
| Total equity and liabilities | 10/49 | €213,957 | €258,979 | +€45,021 | +21.0% |
| Equity | 10/15 | €83,666 | €112,676 | +€29,010 | +34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,206 | €92,216 | +€29,010 | +45.9% |
| Amounts payable | 17/49 | €130,292 | €146,303 | +€16,011 | +12.3% |
| Amounts payable within one year | 42/48 | €130,292 | €146,303 | +€16,011 | +12.3% |
| Trade debts | 44 | €12,013 | €24,637 | +€12,625 | +105% |
| Suppliers | 440/4 | €12,013 | €24,637 | +€12,625 | +105% |
| Taxes, remuneration and social security | 45 | €101,037 | €121,588 | +€20,550 | +20.3% |
| Taxes | 450/3 | €77,508 | €76,597 | -€912 | -1.2% |
| Remuneration and social security | 454/9 | €23,529 | €44,991 | +€21,462 | +91.2% |
| Other amounts payable | 47/48 | €17,242 | €78 | -€17,164 | -99.5% |
| Remuneration, social security and pensions | 62 | €61,082 | €67,182 | +€6,099 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,945 | €3,945 | = | 0.0% |
| Other operating charges | 640/8 | €613 | €2,317 | +€1,704 | +278% |
| Gross operating margin | 9900 | €127,768 | €117,471 | -€10,296 | -8.1% |
| Operating profit (loss) | 9901 | €62,128 | €44,028 | -€18,100 | -29.1% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €1,472 | €971 | -€501 | -34.0% |
| Recurring financial charges | 65 | €1,472 | €971 | -€501 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €60,656 | €43,069 | -€17,587 | -29.0% |
| Income taxes | 67/77 | €17,130 | €14,059 | -€3,071 | -17.9% |
| Profit (loss) for the period | 9904 | €43,526 | €29,010 | -€14,516 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,526 | €29,010 | -€14,516 | -33.3% |
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 20 October 2026 via checked.be.