XHO SRL: 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.
XHO SRL
Largest movements
- Receivables within one year +€10,742
up €10,742 (+329%), from €3,267 to €14,008
of which Other amounts receivable: +€11,549
- Cash -€3,013
down €3,013 (-69.2%), from €4,354 to €1,342
mainly Receivables within one year (-€10,742) and Tax, wage and social debts (-€7,938)
- Tangible fixed assets -€490
down €490 (-30.1%), from €1,628 to €1,138
- Intangible fixed assets -€429
down €429 (-20.0%), from €2,143 to €1,714
- Trade debts +€16,396
new in 2024: €16,396
- Tax, wage and social debts -€7,938
down €7,938 (-80.6%), from €9,853 to €1,915
of which Remuneration and social security: -€4,033
- Profit (loss) carried forward -€3,083
down €3,083 (-61.4%), from €5,019 to €1,936
- Advances received +€1,650
new in 2024: €1,650
- Gross operating margin -€11,155
down €11,155 (-40.7%), from €27,428 to €16,272
- Staff costs -€2,507
down €2,507 (-12.7%), from €19,776 to €17,268
- Taxes -€1,073
no longer reported in 2024 (was €1,073)
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.
Derived cash bridge
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 | €16,372 | €23,397 | +€7,025 | +42.9% |
| Fixed assets | 21/28 | €3,771 | €2,852 | -€919 | -24.4% |
| Intangible fixed assets | 21 | €2,143 | €1,714 | -€429 | -20.0% |
| Tangible fixed assets | 22/27 | €1,628 | €1,138 | -€490 | -30.1% |
| Plant, machinery and equipment | 23 | €1,628 | €1,138 | -€490 | -30.1% |
| Current assets | 29/58 | €12,601 | €20,545 | +€7,944 | +63.0% |
| Stocks and contracts in progress | 3 | €4,980 | €5,195 | +€215 | +4.3% |
| Stocks | 30/36 | €4,980 | €5,195 | +€215 | +4.3% |
| Amounts receivable within one year | 40/41 | €3,267 | €14,008 | +€10,742 | +329% |
| Trade receivables | 40 | €808 | - | -€808 | |
| Other amounts receivable | 41 | €2,459 | €14,008 | +€11,549 | +470% |
| Cash at bank and in hand | 54/58 | €4,354 | €1,342 | -€3,013 | -69.2% |
| Total equity and liabilities | 10/49 | €16,372 | €23,397 | +€7,025 | +42.9% |
| Equity | 10/15 | €6,519 | €3,436 | -€3,083 | -47.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,019 | €1,936 | -€3,083 | -61.4% |
| Amounts payable | 17/49 | €9,853 | €19,961 | +€10,108 | +103% |
| Amounts payable within one year | 42/48 | €9,853 | €19,961 | +€10,108 | +103% |
| Trade debts | 44 | - | €16,396 | +€16,396 | |
| Suppliers | 440/4 | - | €16,396 | +€16,396 | |
| Advances received on contracts in progress | 46 | - | €1,650 | +€1,650 | |
| Taxes, remuneration and social security | 45 | €9,853 | €1,915 | -€7,938 | -80.6% |
| Taxes | 450/3 | €5,820 | €1,915 | -€3,905 | -67.1% |
| Remuneration and social security | 454/9 | €4,033 | - | -€4,033 | |
| Remuneration, social security and pensions | 62 | €19,776 | €17,268 | -€2,507 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €919 | = | 0.0% |
| Other operating charges | 640/8 | €165 | - | -€165 | |
| Gross operating margin | 9900 | €27,428 | €16,272 | -€11,155 | -40.7% |
| Operating profit (loss) | 9901 | €6,568 | -€1,915 | -€8,483 | |
| Financial income | 75/76B | €15 | €44 | +€29 | +203% |
| Recurring financial income | 75 | €15 | €44 | +€29 | +203% |
| Financial charges | 65/66B | €1,318 | €1,212 | -€106 | -8.0% |
| Recurring financial charges | 65 | €1,318 | €1,212 | -€106 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €5,265 | -€3,083 | -€8,348 | |
| Income taxes | 67/77 | €1,073 | - | -€1,073 | |
| Profit (loss) for the period | 9904 | €4,193 | -€3,083 | -€7,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,193 | -€3,083 | -€7,275 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.