XONAR: 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.
XONAR
Largest movements
- Cash -€28,601
down €28,601 (-69.5%), from €41,134 to €12,534
mainly Investment in fixed assets (net) (-€37,028) and Receivables within one year (-€28,264)
- Receivables within one year +€28,264
up €28,264 (+139.0%), from €20,332 to €48,596
of which Trade receivables: +€27,815
- Tangible fixed assets +€20,702
up €20,702 (+38.5%), from €53,814 to €74,515
of which Plant, machinery and equipment: +€15,746
- Deferred charges and accrued income +€1,442
up €1,442 (+123.1%), from €1,171 to €2,613
- Trade debts +€24,794
up €24,794 (+843.6%), from €2,939 to €27,734
- Debts after one year +€19,910
up €19,910 (+95.5%), from €20,854 to €40,765
- Other debts -€9,562
down €9,562 (-94.5%), from €10,115 to €553
- Profit (loss) carried forward -€7,077
new in 2025: -€7,077
- Tax, wage and social debts -€6,014
down €6,014 (-79.3%), from €7,579 to €1,566
of which Taxes: -€3,784
- Gross operating margin -€23,646
down €23,646 (-62.6%), from €37,765 to €14,120
- Depreciation +€13,107
up €13,107 (+380.2%), from €3,448 to €16,554
- Taxes -€6,904
down €6,904 (-98.8%), from €6,985 to €81
- Financial charges +€744
up €744 (+27.3%), from €2,727 to €3,471
- Other operating charges +€530
up €530 (+89.6%), from €591 to €1,121
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 | €122,334 | €143,913 | +€21,579 | +17.6% |
| Fixed assets | 21/28 | €59,696 | €80,170 | +€20,473 | +34.3% |
| Intangible fixed assets | 21 | €5,883 | €5,655 | -€228 | -3.9% |
| Tangible fixed assets | 22/27 | €53,814 | €74,515 | +€20,702 | +38.5% |
| Plant, machinery and equipment | 23 | €6,940 | €22,687 | +€15,746 | +226.9% |
| Furniture and vehicles | 24 | €30,243 | €34,243 | +€4,000 | +13.2% |
| Other tangible fixed assets | 26 | €16,630 | €17,585 | +€955 | +5.7% |
| Current assets | 29/58 | €62,638 | €63,743 | +€1,105 | +1.8% |
| Amounts receivable within one year | 40/41 | €20,332 | €48,596 | +€28,264 | +139.0% |
| Trade receivables | 40 | €17,822 | €45,637 | +€27,815 | +156.1% |
| Other amounts receivable | 41 | €2,510 | €2,959 | +€449 | +17.9% |
| Cash at bank and in hand | 54/58 | €41,134 | €12,534 | -€28,601 | -69.5% |
| Deferred charges and accrued income | 490/1 | €1,171 | €2,613 | +€1,442 | +123.1% |
| Total equity and liabilities | 10/49 | €122,334 | €143,913 | +€21,579 | +17.6% |
| Equity | 10/15 | €58,811 | €51,733 | -€7,077 | -12.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €57,811 | €57,811 | = | 0.0% |
| Distributable reserves | 133 | €57,811 | €57,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,077 | -€7,077 | |
| Amounts payable | 17/49 | €63,523 | €92,180 | +€28,656 | +45.1% |
| Amounts payable after more than one year | 17 | €20,854 | €40,765 | +€19,910 | +95.5% |
| Financial debts | 170/4 | €20,854 | €40,765 | +€19,910 | +95.5% |
| Amounts payable within one year | 42/48 | €42,669 | €51,415 | +€8,746 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €22,035 | €18,483 | -€3,552 | -16.1% |
| Financial debts | 43 | - | €3,079 | +€3,079 | |
| Credit institutions | 430/8 | - | €3,079 | +€3,079 | |
| Trade debts | 44 | €2,939 | €27,734 | +€24,794 | +843.6% |
| Suppliers | 440/4 | €2,939 | €27,734 | +€24,794 | +843.6% |
| Taxes, remuneration and social security | 45 | €7,579 | €1,566 | -€6,014 | -79.3% |
| Taxes | 450/3 | €5,349 | €1,566 | -€3,784 | -70.7% |
| Remuneration and social security | 454/9 | €2,230 | €0 | -€2,230 | -100.0% |
| Other amounts payable | 47/48 | €10,115 | €553 | -€9,562 | -94.5% |
| Non-recurring operating income | 76A | - | €1,689 | +€1,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,448 | €16,554 | +€13,107 | +380.2% |
| Other operating charges | 640/8 | €591 | €1,121 | +€530 | +89.6% |
| Gross operating margin | 9900 | €37,765 | €14,120 | -€23,646 | -62.6% |
| Operating profit (loss) | 9901 | €33,726 | -€3,556 | -€37,282 | |
| Financial income | 75/76B | €13 | €30 | +€17 | +123.1% |
| Recurring financial income | 75 | €13 | €30 | +€17 | +123.1% |
| Financial charges | 65/66B | €2,727 | €3,471 | +€744 | +27.3% |
| Recurring financial charges | 65 | €2,727 | €3,471 | +€744 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €31,013 | -€6,997 | -€38,009 | |
| Income taxes | 67/77 | €6,985 | €81 | -€6,904 | -98.8% |
| Profit (loss) for the period | 9904 | €24,028 | -€7,077 | -€31,105 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,028 | -€7,077 | -€31,105 |
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 6 October 2026 via checked.be.