Xinghuo: 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.
Xinghuo
Largest movements
- Receivables within one year -€17,591
down €17,591 (-55.8%), from €31,542 to €13,951
of which Other amounts receivable: -€15,780
- Intangible fixed assets -€3,750
down €3,750 (-21.1%), from €17,813 to €14,063
- Tax, wage and social debts -€17,390
down €17,390 (-92.0%), from €18,909 to €1,519
of which Taxes: -€18,909
- Debts after one year -€3,495
no longer reported in 2024 (was €3,495)
- Profit (loss) carried forward +€2,101
new in 2024: €2,101
- Accrued charges and deferred income -€1,585
no longer reported in 2024 (was €1,585)
- Gross operating margin +€38,829
up €38,829 (+95.1%), from €40,817 to €79,646
- Other operating charges +€31,317
up €31,317 (+2,790%), from €1,122 to €32,440
- Staff costs +€30,195
up €30,195 (+408%), from €7,398 to €37,593
- Taxes -€7,933
no longer reported in 2024 (was €7,933)
- Depreciation +€1,367
up €1,367 (+23.6%), from €5,786 to €7,153
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,027 | €74,943 | -€21,084 | -22.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €30,544 | €27,171 | -€3,373 | -11.0% |
| Intangible fixed assets | 21 | €17,813 | €14,063 | -€3,750 | -21.1% |
| Tangible fixed assets | 22/27 | €12,432 | €12,809 | +€377 | +3.0% |
| Plant, machinery and equipment | 23 | €7,273 | €8,855 | +€1,583 | +21.8% |
| Furniture and vehicles | 24 | €5,159 | €3,953 | -€1,206 | -23.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €65,483 | €47,772 | -€17,711 | -27.0% |
| Stocks and contracts in progress | 3 | €752 | €747 | -€5 | -0.7% |
| Stocks | 30/36 | €752 | €747 | -€5 | -0.7% |
| Amounts receivable within one year | 40/41 | €31,542 | €13,951 | -€17,591 | -55.8% |
| Trade receivables | 40 | €1,811 | - | -€1,811 | |
| Other amounts receivable | 41 | €29,731 | €13,951 | -€15,780 | -53.1% |
| Cash at bank and in hand | 54/58 | €33,188 | €33,074 | -€114 | -0.3% |
| Total equity and liabilities | 10/49 | €96,027 | €74,943 | -€21,084 | -22.0% |
| Equity | 10/15 | €67,477 | €69,579 | +€2,101 | +3.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,477 | €62,477 | = | 0.0% |
| Distributable reserves | 133 | €62,477 | €62,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,101 | +€2,101 | |
| Amounts payable | 17/49 | €28,550 | €5,365 | -€23,185 | -81.2% |
| Amounts payable after more than one year | 17 | €3,495 | - | -€3,495 | |
| Financial debts | 170/4 | €3,495 | - | -€3,495 | |
| Amounts payable within one year | 42/48 | €23,469 | €5,365 | -€18,105 | -77.1% |
| Current portion of amounts payable after more than one year | 42 | €4,107 | €3,495 | -€611 | -14.9% |
| Trade debts | 44 | €454 | - | -€454 | |
| Suppliers | 440/4 | €454 | - | -€454 | |
| Taxes, remuneration and social security | 45 | €18,909 | €1,519 | -€17,390 | -92.0% |
| Taxes | 450/3 | €18,909 | - | -€18,909 | |
| Remuneration and social security | 454/9 | - | €1,519 | +€1,519 | |
| Other amounts payable | 47/48 | - | €351 | +€351 | |
| Accrued charges and deferred income | 492/3 | €1,585 | - | -€1,585 | |
| Remuneration, social security and pensions | 62 | €7,398 | €37,593 | +€30,195 | +408% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,786 | €7,153 | +€1,367 | +23.6% |
| Other operating charges | 640/8 | €1,122 | €32,440 | +€31,317 | +2,790% |
| Gross operating margin | 9900 | €40,817 | €79,646 | +€38,829 | +95.1% |
| Operating profit (loss) | 9901 | €26,510 | €2,460 | -€24,050 | -90.7% |
| Financial income | 75/76B | €296 | €86 | -€210 | -71.0% |
| Recurring financial income | 75 | €296 | €86 | -€210 | -71.0% |
| Financial charges | 65/66B | €515 | €444 | -€70 | -13.7% |
| Recurring financial charges | 65 | €515 | €444 | -€70 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €26,291 | €2,101 | -€24,190 | -92.0% |
| Income taxes | 67/77 | €7,933 | - | -€7,933 | |
| Profit (loss) for the period | 9904 | €18,359 | €2,101 | -€16,257 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,359 | €2,101 | -€16,257 | -88.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.