XAL PARTNERS: what changed
What changed
XAL PARTNERS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€728,432
2023 · €314,420-€1.0m
Equity
€6.0m
2023 · €6.8m-€728,432
Cash
€418,891
2023 · €160,638+€258,253
Balance sheet total
€12.6m
2023 · €10.2m+€2.4m
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+59.0%), from €2.2m to €3.5m
of which Trade receivables: +€1.3m
- Tangible fixed assets +€558,258
up €558,258 (+7.9%), from €7.0m to €7.6m
of which Plant, machinery and equipment: +€1.4m
- Receivables after one year +€343,500
up €343,500 (+50.5%), from €680,000 to €1.0m
- Cash +€258,253
up €258,253 (+161%), from €160,638 to €418,891
mainly Accrued charges and deferred income (+€2.8m) and Trade debts (+€834,817)
Equity and liabilities
- Accrued charges and deferred income +€2.8m
new in 2024: €2.8m
- Trade debts +€834,817
up €834,817 (+119%), from €701,821 to €1.5m
- Profit (loss) carried forward -€728,432
down €728,432 (-10.8%), from €6.7m to €6.0m
- Debts after one year -€438,554
down €438,554 (-19.1%), from €2.3m to €1.9m
Income statement
- Gross operating margin -€661,065
down €661,065 (-52.7%), from €1.3m to €593,516
- Other operating charges +€401,376
up €401,376 (+5,396%), from €7,438 to €408,814
- Financial charges +€200,737
up €200,737 (+417%), from €48,142 to €248,879
- Staff costs -€168,562
down €168,562 (-41.7%), from €403,953 to €235,391
- Taxes -€50,920
down €50,920 (-28.9%), from €176,427 to €125,506
Change in the result, 2023 to 2024
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 2023
€314,420
Gross operating margin
-€661,065
Staff costs
+€168,562
Depreciation
+€2,967
Other operating charges
-€401,376
Financial income
-€2,123
Financial charges
-€200,737
Taxes
+€50,920
Result 2024
-€728,432
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.6m
Investment
-€873,185
Financing
-€449,438
Cash 2023
€160,638
From operations (derived)
+€1.6m
Net result for the year
-€728,432
Depreciation
+€314,154
Receivables after one year
-€343,500
Receivables within one year
-€1.3m
Deferred charges and accrued income
+€69,759
Trade debts
+€834,817
Tax, wage and social debts
-€111,712
Other debts
+€81
Accrued charges and deferred income
+€2.8m
Investment (derived)
-€873,185
Investment in fixed assets (net)
-€873,185
Financing
-€449,438
Debts after one year
-€438,554
Current portion of long-term debt
-€10,884
Cash 2024
€418,891
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,224,507 | €12,613,573 | +€2.4m | +23.4% |
| Fixed assets | 21/28 | €7,075,155 | €7,634,186 | +€559,031 | +7.9% |
| Intangible fixed assets | 21 | €504 | €20 | -€484 | -96.0% |
| Tangible fixed assets | 22/27 | €7,045,188 | €7,603,446 | +€558,258 | +7.9% |
| Land and buildings | 22 | €1,683,813 | €1,044,544 | -€639,269 | -38.0% |
| Plant, machinery and equipment | 23 | €4,539,094 | €5,942,987 | +€1.4m | +30.9% |
| Furniture and vehicles | 24 | €100,593 | €32,093 | -€68,500 | -68.1% |
| Other tangible fixed assets | 26 | €721,689 | €583,822 | -€137,867 | -19.1% |
| Financial fixed assets | 28 | €29,462 | €30,720 | +€1,257 | +4.3% |
| Current assets | 29/58 | €3,149,352 | €4,979,387 | +€1.8m | +58.1% |
| Amounts receivable after more than one year | 29 | €680,000 | €1,023,500 | +€343,500 | +50.5% |
| Other amounts receivable | 291 | €680,000 | €1,023,500 | +€343,500 | +50.5% |
| Amounts receivable within one year | 40/41 | €2,199,423 | €3,497,463 | +€1.3m | +59.0% |
| Trade receivables | 40 | €1,804,571 | €3,083,471 | +€1.3m | +70.9% |
| Other amounts receivable | 41 | €394,852 | €413,992 | +€19,140 | +4.8% |
| Cash at bank and in hand | 54/58 | €160,638 | €418,891 | +€258,253 | +161% |
| Deferred charges and accrued income | 490/1 | €109,292 | €39,533 | -€69,759 | -63.8% |
| Total equity and liabilities | 10/49 | €10,224,507 | €12,613,573 | +€2.4m | +23.4% |
| Equity | 10/15 | €6,768,972 | €6,040,540 | -€728,432 | -10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 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% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,742,162 | €6,013,730 | -€728,432 | -10.8% |
| Amounts payable | 17/49 | €3,455,535 | €6,573,033 | +€3.1m | +90.2% |
| Amounts payable after more than one year | 17 | €2,301,815 | €1,863,261 | -€438,554 | -19.1% |
| Financial debts | 170/4 | €2,301,815 | €1,863,261 | -€438,554 | -19.1% |
| Amounts payable within one year | 42/48 | €1,153,720 | €1,866,022 | +€712,301 | +61.7% |
| Current portion of amounts payable after more than one year | 42 | €317,615 | €306,731 | -€10,884 | -3.4% |
| Trade debts | 44 | €701,821 | €1,536,638 | +€834,817 | +119% |
| Suppliers | 440/4 | €701,821 | €1,536,638 | +€834,817 | +119% |
| Taxes, remuneration and social security | 45 | €134,284 | €22,572 | -€111,712 | -83.2% |
| Taxes | 450/3 | €75,371 | - | -€75,371 | |
| Remuneration and social security | 454/9 | €58,913 | €22,572 | -€36,341 | -61.7% |
| Other amounts payable | 47/48 | - | €81 | +€81 | |
| Accrued charges and deferred income | 492/3 | - | €2,843,750 | +€2.8m | |
| Remuneration, social security and pensions | 62 | €403,953 | €235,391 | -€168,562 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,121 | €314,154 | -€2,967 | -0.9% |
| Other operating charges | 640/8 | €7,438 | €408,814 | +€401,376 | +5,396% |
| Gross operating margin | 9900 | €1,254,581 | €593,516 | -€661,065 | -52.7% |
| Operating profit (loss) | 9901 | €526,069 | -€364,843 | -€890,912 | |
| Financial income | 75/76B | €12,920 | €10,797 | -€2,123 | -16.4% |
| Recurring financial income | 75 | €12,920 | €10,797 | -€2,123 | -16.4% |
| Financial charges | 65/66B | €48,142 | €248,879 | +€200,737 | +417% |
| Recurring financial charges | 65 | €48,142 | €248,879 | +€200,737 | +417% |
| Profit (loss) for the period before taxes | 9903 | €490,847 | -€602,925 | -€1.1m | |
| Income taxes | 67/77 | €176,427 | €125,506 | -€50,920 | -28.9% |
| Profit (loss) for the period | 9904 | €314,420 | -€728,432 | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €314,420 | -€728,432 | -€1.0m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.