XINZI: 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.
XINZI
Largest movements
- Cash -€57,462
down €57,462 (-69.7%), from €82,455 to €24,993
mainly Other debts (-€59,764) and Investment in fixed assets (net) (-€52,800)
- Receivables within one year -€55,542
down €55,542 (-97.9%), from €56,728 to €1,186
of which Trade receivables: -€55,809
- Other debts -€59,764
down €59,764 (-88.6%), from €67,455 to €7,691
- Debts after one year -€33,497
down €33,497 (-24.3%), from €137,985 to €104,489
- Tax, wage and social debts -€19,516
down €19,516 (-88.4%), from €22,086 to €2,570
- Staff costs +€3,826
no longer reported in 2025 (was -€3,826)
- Depreciation +€2,586
up €2,586 (+5.5%), from €47,141 to €49,727
- Other operating charges -€2,137
down €2,137 (-27.4%), from €7,786 to €5,649
- Financial charges -€1,684
down €1,684 (-17.1%), from €9,821 to €8,137
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 | €847,543 | €738,606 | -€108,937 | -12.9% |
| Fixed assets | 21/28 | €707,552 | €710,625 | +€3,073 | +0.4% |
| Tangible fixed assets | 22/27 | €707,432 | €710,505 | +€3,073 | +0.4% |
| Land and buildings | 22 | €651,998 | €626,925 | -€25,072 | -3.8% |
| Plant, machinery and equipment | 23 | €12,571 | €8,123 | -€4,448 | -35.4% |
| Furniture and vehicles | 24 | €31,460 | €17,831 | -€13,629 | -43.3% |
| Other tangible fixed assets | 26 | €11,403 | €57,627 | +€46,223 | +405.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €139,991 | €27,981 | -€112,010 | -80.0% |
| Amounts receivable within one year | 40/41 | €56,728 | €1,186 | -€55,542 | -97.9% |
| Trade receivables | 40 | €55,809 | - | -€55,809 | |
| Other amounts receivable | 41 | €919 | €1,186 | +€267 | +29.0% |
| Cash at bank and in hand | 54/58 | €82,455 | €24,993 | -€57,462 | -69.7% |
| Deferred charges and accrued income | 490/1 | €808 | €1,801 | +€994 | +123.1% |
| Total equity and liabilities | 10/49 | €847,543 | €738,606 | -€108,937 | -12.9% |
| Equity | 10/15 | €581,426 | €584,086 | +€2,660 | +0.5% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €169,500 | €169,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €132,000 | €132,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345,926 | €348,586 | +€2,660 | +0.8% |
| Amounts payable | 17/49 | €266,117 | €154,520 | -€111,597 | -41.9% |
| Amounts payable after more than one year | 17 | €137,985 | €104,489 | -€33,497 | -24.3% |
| Financial debts | 170/4 | €137,985 | €104,489 | -€33,497 | -24.3% |
| Amounts payable within one year | 42/48 | €127,283 | €46,710 | -€80,573 | -63.3% |
| Current portion of amounts payable after more than one year | 42 | €31,870 | €33,497 | +€1,627 | +5.1% |
| Trade debts | 44 | €5,872 | €2,952 | -€2,920 | -49.7% |
| Suppliers | 440/4 | €2,572 | €2,952 | +€380 | +14.8% |
| Bills of exchange payable | 441 | €3,300 | - | -€3,300 | |
| Taxes, remuneration and social security | 45 | €22,086 | €2,570 | -€19,516 | -88.4% |
| Taxes | 450/3 | €22,086 | €2,570 | -€19,516 | -88.4% |
| Other amounts payable | 47/48 | €67,455 | €7,691 | -€59,764 | -88.6% |
| Accrued charges and deferred income | 492/3 | €849 | €3,321 | +€2,472 | +291.2% |
| Remuneration, social security and pensions | 62 | -€3,826 | - | +€3,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,141 | €49,727 | +€2,586 | +5.5% |
| Other operating charges | 640/8 | €7,786 | €5,649 | -€2,137 | -27.4% |
| Non-recurring operating charges | 66A | €90 | - | -€90 | |
| Gross operating margin | 9900 | €66,559 | €66,488 | -€72 | -0.1% |
| Operating profit (loss) | 9901 | €15,369 | €11,112 | -€4,257 | -27.7% |
| Financial income | 75/76B | €122 | €102 | -€21 | -16.8% |
| Recurring financial income | 75 | €122 | €102 | -€21 | -16.8% |
| Financial charges | 65/66B | €9,821 | €8,137 | -€1,684 | -17.1% |
| Recurring financial charges | 65 | €9,821 | €8,137 | -€1,684 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €5,671 | €3,077 | -€2,594 | -45.7% |
| Income taxes | 67/77 | €632 | €417 | -€216 | -34.1% |
| Profit (loss) for the period | 9904 | €5,039 | €2,660 | -€2,379 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,039 | €2,660 | -€2,379 | -47.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.