X-SERVICE PLUS: what changed
What changed
X-SERVICE PLUS
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€68,759
2024 · €112,789-€44,030
Equity
€753,493
2024 · €924,145-€170,652
Cash
€351,270
2024 · €179,980+€171,290
Balance sheet total
€1.7m
2024 · €2.1m-€375,840
Largest movements
Assets
- Receivables within one year -€479,983
down €479,983 (-41.5%), from €1.2m to €677,498
of which Trade receivables: -€466,851
- Receivables after one year -€174,641
down €174,641 (-87.3%), from €200,000 to €25,359
- Cash +€171,290
up €171,290 (+95.2%), from €179,980 to €351,270
mainly Receivables within one year (+€479,983) and Receivables after one year (+€174,641)
- Tangible fixed assets +€162,354
up €162,354 (+43.7%), from €371,760 to €534,114
of which Furniture and vehicles: +€101,444
- Stocks and contracts -€39,398
down €39,398 (-39.2%), from €100,418 to €61,020
of which Contracts in progress: -€40,361
Equity and liabilities
- Trade debts -€184,809
down €184,809 (-59.9%), from €308,447 to €123,638
- Reserves -€170,652
down €170,652 (-18.8%), from €905,545 to €734,893
- Debts after one year +€110,208
up €110,208 (+84.2%), from €130,867 to €241,075
- Accrued charges and deferred income -€79,801
down €79,801 (-55.7%), from €143,332 to €63,531
- Other debts -€50,762
down €50,762 (-34.8%), from €145,831 to €95,069
Income statement
- Gross operating margin +€278,797
up €278,797 (+28.8%), from €967,802 to €1.2m
- Staff costs +€248,727
up €248,727 (+37.7%), from €660,440 to €909,167
- Depreciation +€63,432
up €63,432 (+73.8%), from €85,941 to €149,373
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€112,789
Gross operating margin
+€278,797
Staff costs
-€248,727
Depreciation
-€63,432
Write-downs
-€789
Other operating charges
-€1,234
Financial income
-€4,651
Financial charges
-€10,842
Taxes
+€6,848
Result 2025
€68,759
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€617,297
Investment
-€311,727
Financing
-€134,280
Cash 2024
€179,980
From operations (derived)
+€617,297
Net result for the year
+€68,759
Depreciation
+€149,373
Receivables after one year
+€174,641
Stocks and contracts
+€39,398
Receivables within one year
+€479,983
Deferred charges and accrued income
+€15,462
Trade debts
-€184,809
Tax, wage and social debts
+€5,053
Other debts
-€50,762
Accrued charges and deferred income
-€79,801
Investment (derived)
-€311,727
Investment in fixed assets (net)
-€311,727
Financing
-€134,280
Debts after one year
+€110,208
Current portion of long-term debt
+€43,051
Short-term financial debts
-€48,129
Contributions, distributions and other
-€239,411
Cash 2025
€351,270
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,064,369 | €1,688,529 | -€375,840 | -18.2% |
| Fixed assets | 21/28 | €375,660 | €538,014 | +€162,354 | +43.2% |
| Tangible fixed assets | 22/27 | €371,760 | €534,114 | +€162,354 | +43.7% |
| Land and buildings | 22 | €11,509 | €10,331 | -€1,178 | -10.2% |
| Plant, machinery and equipment | 23 | €77,912 | €56,158 | -€21,754 | -27.9% |
| Furniture and vehicles | 24 | €102,016 | €203,460 | +€101,444 | +99.4% |
| Leasing and similar rights | 25 | €99,304 | €181,356 | +€82,052 | +82.6% |
| Other tangible fixed assets | 26 | €81,019 | €82,809 | +€1,790 | +2.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €1,688,709 | €1,150,515 | -€538,194 | -31.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €25,359 | -€174,641 | -87.3% |
| Other amounts receivable | 291 | €200,000 | €25,359 | -€174,641 | -87.3% |
| Stocks and contracts in progress | 3 | €100,418 | €61,020 | -€39,398 | -39.2% |
| Stocks | 30/36 | €4,173 | €5,135 | +€963 | +23.1% |
| Contracts in progress | 37 | €96,245 | €55,885 | -€40,361 | -41.9% |
| Amounts receivable within one year | 40/41 | €1,157,481 | €677,498 | -€479,983 | -41.5% |
| Trade receivables | 40 | €886,674 | €419,822 | -€466,851 | -52.7% |
| Other amounts receivable | 41 | €270,807 | €257,676 | -€13,132 | -4.8% |
| Cash at bank and in hand | 54/58 | €179,980 | €351,270 | +€171,290 | +95.2% |
| Deferred charges and accrued income | 490/1 | €50,830 | €35,368 | -€15,462 | -30.4% |
| Total equity and liabilities | 10/49 | €2,064,369 | €1,688,529 | -€375,840 | -18.2% |
| Equity | 10/15 | €924,145 | €753,493 | -€170,652 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €905,545 | €734,893 | -€170,652 | -18.8% |
| Distributable reserves | 133 | €905,545 | €734,893 | -€170,652 | -18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,140,224 | €935,036 | -€205,188 | -18.0% |
| Amounts payable after more than one year | 17 | €130,867 | €241,075 | +€110,208 | +84.2% |
| Financial debts | 170/4 | €130,867 | €241,075 | +€110,208 | +84.2% |
| Amounts payable within one year | 42/48 | €866,025 | €630,430 | -€235,595 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €41,498 | €84,550 | +€43,051 | +104% |
| Financial debts | 43 | €278,447 | €230,318 | -€48,129 | -17.3% |
| Credit institutions | 430/8 | €278,447 | €230,318 | -€48,129 | -17.3% |
| Trade debts | 44 | €308,447 | €123,638 | -€184,809 | -59.9% |
| Suppliers | 440/4 | €308,447 | €123,638 | -€184,809 | -59.9% |
| Taxes, remuneration and social security | 45 | €91,801 | €96,855 | +€5,053 | +5.5% |
| Taxes | 450/3 | €3,602 | €6,207 | +€2,605 | +72.3% |
| Remuneration and social security | 454/9 | €88,200 | €90,648 | +€2,449 | +2.8% |
| Other amounts payable | 47/48 | €145,831 | €95,069 | -€50,762 | -34.8% |
| Accrued charges and deferred income | 492/3 | €143,332 | €63,531 | -€79,801 | -55.7% |
| Non-recurring operating income | 76A | €22,727 | €35,750 | +€13,023 | +57.3% |
| Remuneration, social security and pensions | 62 | €660,440 | €909,167 | +€248,727 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,941 | €149,373 | +€63,432 | +73.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €789 | +€789 | |
| Other operating charges | 640/8 | €28,958 | €30,192 | +€1,234 | +4.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €967,802 | €1,246,599 | +€278,797 | +28.8% |
| Operating profit (loss) | 9901 | €192,463 | €157,077 | -€35,386 | -18.4% |
| Financial income | 75/76B | €8,379 | €3,728 | -€4,651 | -55.5% |
| Recurring financial income | 75 | €8,379 | €3,728 | -€4,651 | -55.5% |
| Financial charges | 65/66B | €35,301 | €46,143 | +€10,842 | +30.7% |
| Recurring financial charges | 65 | €35,301 | €46,143 | +€10,842 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €165,541 | €114,663 | -€50,879 | -30.7% |
| Income taxes | 67/77 | €52,752 | €45,904 | -€6,848 | -13.0% |
| Profit (loss) for the period | 9904 | €112,789 | €68,759 | -€44,030 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €112,789 | €68,759 | -€44,030 | -39.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.