XINIR: what changed
Two fiscal 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.
XINIR
Largest movements
- Cash +€57,639
up €57,639 (+222.5%), from €25,907 to €83,546
mainly Depreciation (+€60,664) and Net result for the year (+€42,851)
- Tangible fixed assets -€19,848
down €19,848 (-2.0%), from €969,038 to €949,190
of which Land and buildings: -€42,180
- Receivables within one year -€10,916
down €10,916 (-41.3%), from €26,409 to €15,493
of which Other amounts receivable: -€12,591
- Reserves +€42,851
up €42,851 (+12.1%), from €353,436 to €396,287
of which Distributable reserves: +€42,851
- Debts after one year -€33,337
down €33,337 (-7.4%), from €448,462 to €415,125
- Gross operating margin +€50,371
up €50,371 (+54.6%), from €92,199 to €142,570
- Financial income -€40,648
down €40,648 (-96.3%), from €42,202 to €1,554
of which Non-recurring financial income: -€40,118
- Financial charges -€18,733
down €18,733 (-49.8%), from €37,633 to €18,900
of which Non-recurring financial charges: -€16,500
- Taxes +€11,794
up €11,794 (+219.2%), from €5,380 to €17,174
- Depreciation +€1,551
up €1,551 (+2.6%), from €59,113 to €60,664
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.
Cash bridge derived
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 | €1,050,826 | €1,076,033 | +€25,207 | +2.4% |
| Fixed assets | 21/28 | €971,841 | €951,014 | -€20,827 | -2.1% |
| Intangible fixed assets | 21 | €2,803 | €1,824 | -€979 | -34.9% |
| Tangible fixed assets | 22/27 | €969,038 | €949,190 | -€19,848 | -2.0% |
| Land and buildings | 22 | €926,605 | €884,425 | -€42,180 | -4.6% |
| Plant, machinery and equipment | 23 | €32,699 | €33,773 | +€1,074 | +3.3% |
| Furniture and vehicles | 24 | €9,734 | €30,992 | +€21,258 | +218.4% |
| Current assets | 29/58 | €78,985 | €125,019 | +€46,034 | +58.3% |
| Stocks and contracts in progress | 3 | - | €489 | +€489 | |
| Stocks | 30/36 | - | €489 | +€489 | |
| Amounts receivable within one year | 40/41 | €26,409 | €15,493 | -€10,916 | -41.3% |
| Trade receivables | 40 | €6,600 | €8,275 | +€1,675 | +25.4% |
| Other amounts receivable | 41 | €19,809 | €7,218 | -€12,591 | -63.6% |
| Current investments | 50/53 | €19,456 | €20,205 | +€749 | +3.8% |
| Cash at bank and in hand | 54/58 | €25,907 | €83,546 | +€57,639 | +222.5% |
| Deferred charges and accrued income | 490/1 | €7,213 | €5,286 | -€1,927 | -26.7% |
| Total equity and liabilities | 10/49 | €1,050,826 | €1,076,033 | +€25,207 | +2.4% |
| Equity | 10/15 | €471,436 | €518,584 | +€47,148 | +10.0% |
| Contributions | 10/11 | €118,000 | €118,000 | = | 0.0% |
| Reserves | 13 | €353,436 | €396,287 | +€42,851 | +12.1% |
| Non-distributable reserves | 130/1 | €2,103 | €2,103 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,103 | €2,103 | = | 0.0% |
| Distributable reserves | 133 | €351,333 | €394,184 | +€42,851 | +12.2% |
| Investment grants | 15 | - | €4,297 | +€4,297 | |
| Amounts payable | 17/49 | €579,390 | €557,449 | -€21,941 | -3.8% |
| Amounts payable after more than one year | 17 | €448,462 | €415,125 | -€33,337 | -7.4% |
| Financial debts | 170/4 | €448,462 | €415,125 | -€33,337 | -7.4% |
| Amounts payable within one year | 42/48 | €128,481 | €140,609 | +€12,128 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €51,773 | €57,083 | +€5,310 | +10.3% |
| Financial debts | 43 | €1,404 | €1,317 | -€87 | -6.2% |
| Credit institutions | 430/8 | €1,404 | €1,317 | -€87 | -6.2% |
| Trade debts | 44 | €43,016 | €43,585 | +€569 | +1.3% |
| Suppliers | 440/4 | €43,016 | €43,585 | +€569 | +1.3% |
| Taxes, remuneration and social security | 45 | €17,348 | €15,695 | -€1,653 | -9.5% |
| Taxes | 450/3 | €17,348 | €15,695 | -€1,653 | -9.5% |
| Other amounts payable | 47/48 | €14,940 | €22,929 | +€7,989 | +53.5% |
| Accrued charges and deferred income | 492/3 | €2,447 | €1,715 | -€732 | -29.9% |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,113 | €60,664 | +€1,551 | +2.6% |
| Other operating charges | 640/8 | €4,071 | €4,535 | +€464 | +11.4% |
| Gross operating margin | 9900 | €92,199 | €142,570 | +€50,371 | +54.6% |
| Operating profit (loss) | 9901 | €29,015 | €77,371 | +€48,356 | +166.7% |
| Financial income | 75/76B | €42,202 | €1,554 | -€40,648 | -96.3% |
| Recurring financial income | 75 | €1,144 | €614 | -€530 | -46.3% |
| Non-recurring financial income | 76B | €41,058 | €940 | -€40,118 | -97.7% |
| Financial charges | 65/66B | €37,633 | €18,900 | -€18,733 | -49.8% |
| Recurring financial charges | 65 | €21,133 | €18,900 | -€2,233 | -10.6% |
| Non-recurring financial charges | 66B | €16,500 | - | -€16,500 | |
| Profit (loss) for the period before taxes | 9903 | €33,584 | €60,025 | +€26,441 | +78.7% |
| Income taxes | 67/77 | €5,380 | €17,174 | +€11,794 | +219.2% |
| Profit (loss) for the period | 9904 | €28,204 | €42,851 | +€14,647 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,204 | €42,851 | +€14,647 | +51.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.