XIN SEN: 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 SEN
Largest movements
- Cash -€443,807
down €443,807 (-88.7%), from €500,460 to €56,653
mainly Investment in fixed assets (net) (-€316,737) and Receivables within one year (-€135,810)
- Tangible fixed assets +€237,620
up €237,620 (+109%), from €218,404 to €456,024
of which Land and buildings: +€124,827
- Receivables within one year +€135,810
up €135,810 (+578%), from €23,512 to €159,322
of which Other amounts receivable: +€121,926
- Current investments +€50,000
up €50,000 (+52.6%), from €95,000 to €145,000
- Reserves -€23,157
down €23,157 (-3.5%), from €664,329 to €641,172
- Current portion of long-term debt +€9,726
up €9,726 (+49.5%), from €19,646 to €29,372
- Trade debts -€8,544
down €8,544 (-18.8%), from €45,347 to €36,803
- Gross operating margin -€192,824
down €192,824 (-35.4%), from €544,572 to €351,748
- Staff costs -€73,271
down €73,271 (-25.8%), from €283,610 to €210,340
- Taxes -€49,137
down €49,137 (-80.2%), from €61,284 to €12,147
- Depreciation +€45,304
up €45,304 (+134%), from €33,814 to €79,118
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 | €849,311 | €832,711 | -€16,601 | -2.0% |
| Fixed assets | 21/28 | €218,529 | €456,148 | +€237,620 | +109% |
| Tangible fixed assets | 22/27 | €218,404 | €456,024 | +€237,620 | +109% |
| Land and buildings | 22 | €32,960 | €157,787 | +€124,827 | +379% |
| Plant, machinery and equipment | 23 | €60,375 | €158,920 | +€98,545 | +163% |
| Furniture and vehicles | 24 | €17,509 | €23,787 | +€6,279 | +35.9% |
| Leasing and similar rights | 25 | €74,094 | €83,506 | +€9,412 | +12.7% |
| Other tangible fixed assets | 26 | €33,467 | €32,024 | -€1,443 | -4.3% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €630,783 | €376,562 | -€254,220 | -40.3% |
| Stocks and contracts in progress | 3 | €10,210 | €10,630 | +€420 | +4.1% |
| Stocks | 30/36 | €10,210 | €10,630 | +€420 | +4.1% |
| Amounts receivable within one year | 40/41 | €23,512 | €159,322 | +€135,810 | +578% |
| Trade receivables | 40 | €9,211 | €23,095 | +€13,884 | +151% |
| Other amounts receivable | 41 | €14,300 | €136,227 | +€121,926 | +853% |
| Current investments | 50/53 | €95,000 | €145,000 | +€50,000 | +52.6% |
| Cash at bank and in hand | 54/58 | €500,460 | €56,653 | -€443,807 | -88.7% |
| Deferred charges and accrued income | 490/1 | €1,601 | €4,957 | +€3,357 | +210% |
| Total equity and liabilities | 10/49 | €849,311 | €832,711 | -€16,601 | -2.0% |
| Equity | 10/15 | €682,929 | €659,772 | -€23,157 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €664,329 | €641,172 | -€23,157 | -3.5% |
| Distributable reserves | 133 | €664,329 | €641,172 | -€23,157 | -3.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €166,382 | €172,939 | +€6,557 | +3.9% |
| Amounts payable after more than one year | 17 | €55,022 | €57,854 | +€2,832 | +5.1% |
| Financial debts | 170/4 | €55,022 | €57,854 | +€2,832 | +5.1% |
| Amounts payable within one year | 42/48 | €111,360 | €115,085 | +€3,725 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €19,646 | €29,372 | +€9,726 | +49.5% |
| Trade debts | 44 | €45,347 | €36,803 | -€8,544 | -18.8% |
| Suppliers | 440/4 | €45,347 | €36,803 | -€8,544 | -18.8% |
| Taxes, remuneration and social security | 45 | €46,367 | €47,553 | +€1,186 | +2.6% |
| Taxes | 450/3 | €13,943 | €16,635 | +€2,691 | +19.3% |
| Remuneration and social security | 454/9 | €32,424 | €30,919 | -€1,505 | -4.6% |
| Other amounts payable | 47/48 | - | €1,357 | +€1,357 | |
| Remuneration, social security and pensions | 62 | €283,610 | €210,340 | -€73,271 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,814 | €79,118 | +€45,304 | +134% |
| Other operating charges | 640/8 | €12,719 | €7,924 | -€4,794 | -37.7% |
| Non-recurring operating charges | 66A | €1,215 | €0 | -€1,215 | -100% |
| Gross operating margin | 9900 | €544,572 | €351,748 | -€192,824 | -35.4% |
| Operating profit (loss) | 9901 | €213,214 | €54,366 | -€158,847 | -74.5% |
| Financial income | 75/76B | €10,209 | €11,549 | +€1,341 | +13.1% |
| Recurring financial income | 75 | €10,209 | €11,549 | +€1,341 | +13.1% |
| Financial charges | 65/66B | €3,516 | €5,490 | +€1,974 | +56.2% |
| Recurring financial charges | 65 | €3,516 | €5,490 | +€1,974 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | €219,907 | €60,426 | -€159,481 | -72.5% |
| Income taxes | 67/77 | €61,284 | €12,147 | -€49,137 | -80.2% |
| Profit (loss) for the period | 9904 | €158,623 | €48,279 | -€110,344 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €158,623 | €48,279 | -€110,344 | -69.6% |
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 15 October 2026 via checked.be.