eXL SERVICES: 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.
eXL SERVICES
Largest movements
- Tangible fixed assets -€25,788
down €25,788 (-68.9%), from €37,443 to €11,655
of which Other tangible fixed assets: -€24,538
- Receivables within one year -€14,763
down €14,763 (-17.6%), from €83,698 to €68,934
of which Trade receivables: -€8,600
- Receivables after one year -€9,243
down €9,243 (-8.6%), from €107,007 to €97,765
- Other debts -€29,556
down €29,556 (-13.6%), from €217,867 to €188,312
- Trade debts +€24,389
up €24,389 (+229%), from €10,650 to €35,039
- Tax, wage and social debts -€14,839
down €14,839 (-53.9%), from €27,538 to €12,699
- Debts after one year -€13,761
down €13,761 (-7.2%), from €190,000 to €176,239
of which Financial debts: -€13,761
- Profit (loss) carried forward -€11,217
down €11,217, from €1,439 to -€9,778
- Write-downs +€9,243
new in 2025: €9,243
- Financial charges +€6,044
up €6,044 (+114%), from €5,313 to €11,357
- Gross operating margin +€4,838
up €4,838 (+12.8%), from €37,931 to €42,768
- Taxes -€1,908
down €1,908 (-26.1%), from €7,303 to €5,396
- Financial income -€596
no longer reported in 2025 (was €596)
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 | €482,161 | €433,085 | -€49,076 | -10.2% |
| Fixed assets | 21/28 | €288,872 | €263,085 | -€25,787 | -8.9% |
| Tangible fixed assets | 22/27 | €37,443 | €11,655 | -€25,788 | -68.9% |
| Furniture and vehicles | 24 | €2,613 | €1,363 | -€1,250 | -47.8% |
| Other tangible fixed assets | 26 | €34,830 | €10,293 | -€24,538 | -70.4% |
| Financial fixed assets | 28 | €251,429 | €251,430 | +€1 | 0.0% |
| Current assets | 29/58 | €193,289 | €170,000 | -€23,289 | -12.0% |
| Amounts receivable after more than one year | 29 | €107,007 | €97,765 | -€9,243 | -8.6% |
| Other amounts receivable | 291 | €107,007 | €97,765 | -€9,243 | -8.6% |
| Amounts receivable within one year | 40/41 | €83,698 | €68,934 | -€14,763 | -17.6% |
| Trade receivables | 40 | €28,503 | €19,903 | -€8,600 | -30.2% |
| Other amounts receivable | 41 | €55,195 | €49,032 | -€6,163 | -11.2% |
| Cash at bank and in hand | 54/58 | €66 | €5 | -€61 | -92.1% |
| Deferred charges and accrued income | 490/1 | €2,518 | €3,296 | +€778 | +30.9% |
| Total equity and liabilities | 10/49 | €482,161 | €433,085 | -€49,076 | -10.2% |
| Equity | 10/15 | €21,899 | €10,682 | -€11,217 | -51.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,439 | -€9,778 | -€11,217 | |
| Amounts payable | 17/49 | €460,262 | €422,403 | -€37,859 | -8.2% |
| Amounts payable after more than one year | 17 | €190,000 | €176,239 | -€13,761 | -7.2% |
| Financial debts | 170/4 | €100,000 | €86,239 | -€13,761 | -13.8% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €270,205 | €246,164 | -€24,041 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €14,150 | €10,015 | -€4,134 | -29.2% |
| Financial debts | 43 | - | €100 | +€100 | |
| Credit institutions | 430/8 | - | €100 | +€100 | |
| Trade debts | 44 | €10,650 | €35,039 | +€24,389 | +229% |
| Suppliers | 440/4 | €10,650 | €35,039 | +€24,389 | +229% |
| Taxes, remuneration and social security | 45 | €27,538 | €12,699 | -€14,839 | -53.9% |
| Taxes | 450/3 | €27,538 | €12,699 | -€14,839 | -53.9% |
| Other amounts payable | 47/48 | €217,867 | €188,312 | -€29,556 | -13.6% |
| Accrued charges and deferred income | 492/3 | €57 | - | -€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,025 | €25,788 | -€237 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,243 | +€9,243 | |
| Other operating charges | 640/8 | €2,183 | €2,203 | +€20 | +0.9% |
| Gross operating margin | 9900 | €37,931 | €42,768 | +€4,838 | +12.8% |
| Operating profit (loss) | 9901 | €9,723 | €5,535 | -€4,188 | -43.1% |
| Financial income | 75/76B | €596 | - | -€596 | |
| Recurring financial income | 75 | €596 | - | -€596 | |
| Financial charges | 65/66B | €5,313 | €11,357 | +€6,044 | +114% |
| Recurring financial charges | 65 | €5,313 | €11,357 | +€6,044 | +114% |
| Profit (loss) for the period before taxes | 9903 | €5,006 | -€5,821 | -€10,828 | |
| Income taxes | 67/77 | €7,303 | €5,396 | -€1,908 | -26.1% |
| Profit (loss) for the period | 9904 | -€2,297 | -€11,217 | -€8,920 | -388% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,297 | -€11,217 | -€8,920 | -388% |
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 22 October 2026 via checked.be.