X-Mar: 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.
What changed
X-Mar
NACE 70.200, Business and other management consultancy
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€59,198
2022 · €63,033-€3,835
Equity
€2.1m
2022 · €2.0m+€59,198
Cash
€17,035
2022 · €11,040+€5,995
Balance sheet total
€2.6m
2022 · €2.7m-€14,262
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€59,198
new in 2023: €59,198
- Tax, wage and social debts -€27,701
down €27,701 (-62.7%), from €44,160 to €16,459
Income statement
- Financial income -€2,860
down €2,860 (-99.9%), from €2,863 to €3
- Taxes +€1,615
up €1,615 (+7.0%), from €23,075 to €24,690
From the 2022 result to the 2023 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.
Result 2022
€63,033
Gross operating margin
+€571
Depreciation
-€389
Other operating charges
+€414
Financial income
-€2,860
Financial charges
+€45
Taxes
-€1,615
Result 2023
€59,198
raises the resultlowers the result
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€23,434
Investment
-€1,081
Financing
-€16,359
Cash 2022
€11,040
From operations (derived)
+€23,434
Net result for the year
+€59,198
Depreciation
+€16,689
Receivables within one year
+€4,741
Deferred charges and accrued income
-€92
Trade debts
-€4,552
Tax, wage and social debts
-€27,701
Other debts
-€24,848
Investment (derived)
-€1,081
Investment in fixed assets (net)
-€1,081
Financing
-€16,359
Debts after one year
-€16,551
Current portion of long-term debt
+€192
Cash 2023
€17,035
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,658,837 | €2,644,575 | -€14,262 | -0.5% |
| Fixed assets | 21/28 | €2,617,198 | €2,601,590 | -€15,608 | -0.6% |
| Tangible fixed assets | 22/27 | €61,198 | €45,590 | -€15,608 | -25.5% |
| Furniture and vehicles | 24 | €61,198 | €45,590 | -€15,608 | -25.5% |
| Financial fixed assets | 28 | €2,556,000 | €2,556,000 | = | 0.0% |
| Current assets | 29/58 | €41,639 | €42,985 | +€1,346 | +3.2% |
| Amounts receivable within one year | 40/41 | €29,200 | €24,459 | -€4,741 | -16.2% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | €5,000 | €259 | -€4,741 | -94.8% |
| Cash at bank and in hand | 54/58 | €11,040 | €17,035 | +€5,995 | +54.3% |
| Deferred charges and accrued income | 490/1 | €1,399 | €1,491 | +€92 | +6.6% |
| Total equity and liabilities | 10/49 | €2,658,837 | €2,644,575 | -€14,262 | -0.5% |
| Equity | 10/15 | €2,031,993 | €2,091,192 | +€59,198 | +2.9% |
| Contributions | 10/11 | €1,755,000 | €1,755,000 | = | 0.0% |
| Reserves | 13 | - | €59,198 | +€59,198 | |
| Distributable reserves | 133 | - | €59,198 | +€59,198 | |
| Profit (loss) carried forward | 14 | €276,993 | €276,993 | = | 0.0% |
| Amounts payable | 17/49 | €626,844 | €553,384 | -€73,460 | -11.7% |
| Amounts payable after more than one year | 17 | €27,692 | €11,141 | -€16,551 | -59.8% |
| Financial debts | 170/4 | €27,692 | €11,141 | -€16,551 | -59.8% |
| Amounts payable within one year | 42/48 | €599,152 | €542,242 | -€56,909 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €16,359 | €16,551 | +€192 | +1.2% |
| Trade debts | 44 | €4,699 | €146 | -€4,552 | -96.9% |
| Suppliers | 440/4 | €4,699 | €146 | -€4,552 | -96.9% |
| Taxes, remuneration and social security | 45 | €44,160 | €16,459 | -€27,701 | -62.7% |
| Taxes | 450/3 | €44,160 | €16,459 | -€27,701 | -62.7% |
| Other amounts payable | 47/48 | €533,934 | €509,086 | -€24,848 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,300 | €16,689 | +€389 | +2.4% |
| Other operating charges | 640/8 | €1,844 | €1,430 | -€414 | -22.5% |
| Gross operating margin | 9900 | €102,243 | €102,814 | +€571 | +0.6% |
| Operating profit (loss) | 9901 | €84,099 | €84,695 | +€596 | +0.7% |
| Financial income | 75/76B | €2,863 | €3 | -€2,860 | -99.9% |
| Recurring financial income | 75 | €2,863 | €3 | -€2,860 | -99.9% |
| Financial charges | 65/66B | €855 | €810 | -€45 | -5.3% |
| Recurring financial charges | 65 | €855 | €810 | -€45 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €86,108 | €83,889 | -€2,219 | -2.6% |
| Income taxes | 67/77 | €23,075 | €24,690 | +€1,615 | +7.0% |
| Profit (loss) for the period | 9904 | €63,033 | €59,198 | -€3,835 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,033 | €59,198 | -€3,835 | -6.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.