Xeiling: 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.
Xeiling
Largest movements
- Cash -€20,755
down €20,755 (-79.1%), from €26,238 to €5,483
mainly Net result for the year (-€37,589) and Receivables within one year (-€19,500)
- Receivables within one year +€19,500
up €19,500 (+29.8%), from €65,470 to €84,970
of which Other amounts receivable: +€40,964
- Tangible fixed assets -€8,907
down €8,907 (-20.8%), from €42,912 to €34,005
of which Furniture and vehicles: -€8,827
- Deferred charges and accrued income +€1,728
new in 2024: €1,728
- Trade debts +€38,292
up €38,292 (+121.9%), from €31,406 to €69,698
- Profit (loss) carried forward -€37,589
new in 2024: -€37,589
- Debts after one year -€16,005
down €16,005 (-62.2%), from €25,744 to €9,739
- Tax, wage and social debts +€4,830
up €4,830 (+19.2%), from €25,156 to €29,986
of which Remuneration and social security: +€21,809
- Current portion of long-term debt +€2,023
up €2,023 (+13.3%), from €15,154 to €17,176
- Staff costs +€64,844
up €64,844 (+857.3%), from €7,564 to €72,409
- Gross operating margin +€36,935
up €36,935 (+147.2%), from €25,099 to €62,034
- Other operating charges +€8,104
up €8,104 (+631.5%), from €1,283 to €9,387
- Financial charges +€6,584
up €6,584 (+532.1%), from €1,237 to €7,821
- Depreciation +€4,219
up €4,219 (+76.9%), from €5,488 to €9,707
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 | €134,621 | €126,187 | -€8,434 | -6.3% |
| Fixed assets | 21/28 | €42,912 | €34,005 | -€8,907 | -20.8% |
| Tangible fixed assets | 22/27 | €42,912 | €34,005 | -€8,907 | -20.8% |
| Plant, machinery and equipment | 23 | €328 | €248 | -€80 | -24.4% |
| Furniture and vehicles | 24 | €42,584 | €33,757 | -€8,827 | -20.7% |
| Current assets | 29/58 | €91,709 | €92,182 | +€473 | +0.5% |
| Amounts receivable within one year | 40/41 | €65,470 | €84,970 | +€19,500 | +29.8% |
| Trade receivables | 40 | €48,149 | €26,685 | -€21,464 | -44.6% |
| Other amounts receivable | 41 | €17,322 | €58,285 | +€40,964 | +236.5% |
| Cash at bank and in hand | 54/58 | €26,238 | €5,483 | -€20,755 | -79.1% |
| Deferred charges and accrued income | 490/1 | - | €1,728 | +€1,728 | |
| Total equity and liabilities | 10/49 | €134,621 | €126,187 | -€8,434 | -6.3% |
| Equity | 10/15 | €36,352 | -€1,236 | -€37,589 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €6,352 | €6,352 | = | 0.0% |
| Distributable reserves | 133 | €6,352 | €6,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€37,589 | -€37,589 | |
| Amounts payable | 17/49 | €98,269 | €127,423 | +€29,155 | +29.7% |
| Amounts payable after more than one year | 17 | €25,744 | €9,739 | -€16,005 | -62.2% |
| Financial debts | 170/4 | €25,744 | €9,739 | -€16,005 | -62.2% |
| Amounts payable within one year | 42/48 | €71,715 | €116,875 | +€45,160 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €15,154 | €17,176 | +€2,023 | +13.3% |
| Trade debts | 44 | €31,406 | €69,698 | +€38,292 | +121.9% |
| Suppliers | 440/4 | €31,406 | €69,698 | +€38,292 | +121.9% |
| Taxes, remuneration and social security | 45 | €25,156 | €29,986 | +€4,830 | +19.2% |
| Taxes | 450/3 | €25,156 | €8,177 | -€16,979 | -67.5% |
| Remuneration and social security | 454/9 | - | €21,809 | +€21,809 | |
| Other amounts payable | 47/48 | - | €15 | +€15 | |
| Accrued charges and deferred income | 492/3 | €809 | €809 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €7,564 | €72,409 | +€64,844 | +857.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,488 | €9,707 | +€4,219 | +76.9% |
| Other operating charges | 640/8 | €1,283 | €9,387 | +€8,104 | +631.5% |
| Non-recurring operating charges | 66A | €324 | €622 | +€298 | +91.9% |
| Gross operating margin | 9900 | €25,099 | €62,034 | +€36,935 | +147.2% |
| Operating profit (loss) | 9901 | €10,440 | -€30,090 | -€40,530 | |
| Financial income | 75/76B | €976 | €428 | -€548 | -56.1% |
| Recurring financial income | 75 | €976 | €428 | -€548 | -56.1% |
| Financial charges | 65/66B | €1,237 | €7,821 | +€6,584 | +532.1% |
| Recurring financial charges | 65 | €1,237 | €7,821 | +€6,584 | +532.1% |
| Profit (loss) for the period before taxes | 9903 | €10,179 | -€37,483 | -€47,662 | |
| Income taxes | 67/77 | €3,827 | €106 | -€3,721 | -97.2% |
| Profit (loss) for the period | 9904 | €6,352 | -€37,589 | -€43,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,352 | -€37,589 | -€43,941 |
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 3 October 2026 via checked.be.