XIN XING: 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 XING
Largest movements
- Receivables after one year -€27,550
no longer reported in 2025 (was €27,550)
- Cash +€10,022
up €10,022 (+7.1%), from €140,653 to €150,675
mainly Receivables after one year (+€27,550) and Net result for the year (+€12,197)
- Stocks and contracts +€4,767
up €4,767 (+158%), from €3,013 to €7,780
- Receivables within one year -€3,812
down €3,812 (-66.4%), from €5,744 to €1,931
of which Trade receivables: -€2,090
- Tangible fixed assets +€2,715
up €2,715 (+18.7%), from €14,524 to €17,239
of which Plant, machinery and equipment: +€3,251
- Reserves -€7,803
down €7,803 (-4.9%), from €158,523 to €150,720
- Trade debts -€3,653
down €3,653 (-69.6%), from €5,251 to €1,598
- Tax, wage and social debts -€2,401
down €2,401 (-14.3%), from €16,819 to €14,418
- Gross operating margin -€5,767
down €5,767 (-15.4%), from €37,477 to €31,710
- Taxes -€5,314
down €5,314 (-49.5%), from €10,739 to €5,425
- Other operating charges +€3,945
up €3,945 (+104%), from €3,797 to €7,742
- Depreciation +€3,670
up €3,670 (+169%), from €2,168 to €5,838
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 | €196,093 | €182,235 | -€13,858 | -7.1% |
| Fixed assets | 21/28 | €19,134 | €21,849 | +€2,715 | +14.2% |
| Tangible fixed assets | 22/27 | €14,524 | €17,239 | +€2,715 | +18.7% |
| Plant, machinery and equipment | 23 | €13,563 | €16,814 | +€3,251 | +24.0% |
| Other tangible fixed assets | 26 | €961 | €426 | -€536 | -55.7% |
| Financial fixed assets | 28 | €4,610 | €4,610 | = | 0.0% |
| Current assets | 29/58 | €176,959 | €160,386 | -€16,573 | -9.4% |
| Amounts receivable after more than one year | 29 | €27,550 | - | -€27,550 | |
| Other amounts receivable | 291 | €27,550 | - | -€27,550 | |
| Stocks and contracts in progress | 3 | €3,013 | €7,780 | +€4,767 | +158% |
| Stocks | 30/36 | €3,013 | €7,780 | +€4,767 | +158% |
| Amounts receivable within one year | 40/41 | €5,744 | €1,931 | -€3,812 | -66.4% |
| Trade receivables | 40 | €2,090 | - | -€2,090 | |
| Other amounts receivable | 41 | €3,654 | €1,931 | -€1,722 | -47.1% |
| Cash at bank and in hand | 54/58 | €140,653 | €150,675 | +€10,022 | +7.1% |
| Total equity and liabilities | 10/49 | €196,093 | €182,235 | -€13,858 | -7.1% |
| Equity | 10/15 | €174,023 | €166,220 | -€7,803 | -4.5% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €158,523 | €150,720 | -€7,803 | -4.9% |
| Distributable reserves | 133 | €158,523 | €150,720 | -€7,803 | -4.9% |
| Amounts payable | 17/49 | €22,070 | €16,015 | -€6,055 | -27.4% |
| Amounts payable within one year | 42/48 | €22,070 | €16,015 | -€6,055 | -27.4% |
| Trade debts | 44 | €5,251 | €1,598 | -€3,653 | -69.6% |
| Suppliers | 440/4 | €5,251 | €1,598 | -€3,653 | -69.6% |
| Taxes, remuneration and social security | 45 | €16,819 | €14,418 | -€2,401 | -14.3% |
| Taxes | 450/3 | €16,819 | €14,418 | -€2,401 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,168 | €5,838 | +€3,670 | +169% |
| Other operating charges | 640/8 | €3,797 | €7,742 | +€3,945 | +104% |
| Gross operating margin | 9900 | €37,477 | €31,710 | -€5,767 | -15.4% |
| Operating profit (loss) | 9901 | €31,512 | €18,130 | -€13,382 | -42.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +517% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +517% |
| Financial charges | 65/66B | €376 | €508 | +€133 | +35.3% |
| Recurring financial charges | 65 | €376 | €508 | +€133 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €31,136 | €17,622 | -€13,514 | -43.4% |
| Income taxes | 67/77 | €10,739 | €5,425 | -€5,314 | -49.5% |
| Profit (loss) for the period | 9904 | €20,397 | €12,197 | -€8,200 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,397 | €12,197 | -€8,200 | -40.2% |
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 14 October 2026 via checked.be.