XCES: 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.
XCES
Largest movements
- Tangible fixed assets +€42,582
up €42,582 (+32.5%), from €130,842 to €173,424
of which Furniture and vehicles: +€55,618
- Receivables within one year -€9,016
down €9,016 (-37.0%), from €24,339 to €15,323
of which Trade receivables: -€9,374
- Other debts +€60,557
up €60,557 (+412.2%), from €14,691 to €75,248
- Trade debts -€9,112
down €9,112 (-62.1%), from €14,671 to €5,559
- Debts after one year -€8,446
down €8,446 (-92.2%), from €9,164 to €719
- Current portion of long-term debt -€7,684
down €7,684 (-47.6%), from €16,130 to €8,446
- Tax, wage and social debts -€7,403
down €7,403 (-77.1%), from €9,601 to €2,198
- Gross operating margin -€21,483
down €21,483 (-42.3%), from €50,819 to €29,336
- Depreciation -€6,863
down €6,863 (-26.5%), from €25,935 to €19,073
- Other operating charges -€5,674
down €5,674 (-69.7%), from €8,141 to €2,466
- Taxes -€2,501
down €2,501 (-53.9%), from €4,639 to €2,138
- Staff costs +€1,397
new in 2024: €1,397
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,157 | €214,803 | +€35,645 | +19.9% |
| Fixed assets | 21/28 | €130,842 | €173,424 | +€42,582 | +32.5% |
| Tangible fixed assets | 22/27 | €130,842 | €173,424 | +€42,582 | +32.5% |
| Land and buildings | 22 | €33,353 | €28,262 | -€5,091 | -15.3% |
| Furniture and vehicles | 24 | €4,550 | €60,169 | +€55,618 | +1222.3% |
| Leasing and similar rights | 25 | €0 | €0 | -€0 | -100.0% |
| Other tangible fixed assets | 26 | €92,939 | €84,994 | -€7,945 | -8.5% |
| Current assets | 29/58 | €48,315 | €41,379 | -€6,937 | -14.4% |
| Amounts receivable within one year | 40/41 | €24,339 | €15,323 | -€9,016 | -37.0% |
| Trade receivables | 40 | €21,462 | €12,088 | -€9,374 | -43.7% |
| Other amounts receivable | 41 | €2,877 | €3,235 | +€358 | +12.4% |
| Cash at bank and in hand | 54/58 | €23,976 | €26,055 | +€2,079 | +8.7% |
| Total equity and liabilities | 10/49 | €179,157 | €214,803 | +€35,645 | +19.9% |
| Equity | 10/15 | €91,577 | €93,799 | +€2,222 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,977 | €75,199 | +€2,222 | +3.0% |
| 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 | €2,885 | €2,885 | = | 0.0% |
| Distributable reserves | 133 | €68,231 | €70,454 | +€2,222 | +3.3% |
| Provisions and deferred taxes | 16 | €21,630 | €21,630 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,630 | €21,630 | = | 0.0% |
| Pensions and similar obligations | 160 | €21,630 | €21,630 | = | 0.0% |
| Amounts payable | 17/49 | €65,951 | €99,374 | +€33,423 | +50.7% |
| Amounts payable after more than one year | 17 | €9,164 | €719 | -€8,446 | -92.2% |
| Financial debts | 170/4 | €9,164 | €719 | -€8,446 | -92.2% |
| Amounts payable within one year | 42/48 | €56,787 | €98,656 | +€41,869 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €16,130 | €8,446 | -€7,684 | -47.6% |
| Financial debts | 43 | €1,694 | €3,749 | +€2,055 | +121.3% |
| Credit institutions | 430/8 | €1,694 | €3,749 | +€2,055 | +121.3% |
| Trade debts | 44 | €14,671 | €5,559 | -€9,112 | -62.1% |
| Suppliers | 440/4 | €14,671 | €5,559 | -€9,112 | -62.1% |
| Advances received on contracts in progress | 46 | - | €3,457 | +€3,457 | |
| Taxes, remuneration and social security | 45 | €9,601 | €2,198 | -€7,403 | -77.1% |
| Taxes | 450/3 | €9,601 | €2,198 | -€7,403 | -77.1% |
| Other amounts payable | 47/48 | €14,691 | €75,248 | +€60,557 | +412.2% |
| Non-recurring operating income | 76A | - | €18,264 | +€18,264 | |
| Remuneration, social security and pensions | 62 | - | €1,397 | +€1,397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,935 | €19,073 | -€6,863 | -26.5% |
| Other operating charges | 640/8 | €8,141 | €2,466 | -€5,674 | -69.7% |
| Gross operating margin | 9900 | €50,819 | €29,336 | -€21,483 | -42.3% |
| Operating profit (loss) | 9901 | €16,743 | €6,400 | -€10,343 | -61.8% |
| Financial income | 75/76B | €43 | €19 | -€25 | -56.9% |
| Recurring financial income | 75 | €43 | €19 | -€25 | -56.9% |
| Financial charges | 65/66B | €2,999 | €2,059 | -€940 | -31.3% |
| Recurring financial charges | 65 | €2,999 | €2,059 | -€940 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €13,788 | €4,360 | -€9,428 | -68.4% |
| Income taxes | 67/77 | €4,639 | €2,138 | -€2,501 | -53.9% |
| Profit (loss) for the period | 9904 | €9,148 | €2,222 | -€6,926 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,148 | €2,222 | -€6,926 | -75.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.