XL CAR: 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.
XL CAR
Largest movements
- Tangible fixed assets +€66,872
up €66,872 (+103%), from €64,912 to €131,784
of which Furniture and vehicles: +€34,355
- Receivables within one year +€43,219
up €43,219 (+75.7%), from €57,088 to €100,306
of which Trade receivables: +€41,299
- Cash -€30,328
down €30,328 (-57.9%), from €52,355 to €22,027
mainly Investment in fixed assets (net) (-€66,872) and Receivables within one year (-€43,219)
- Current investments +€10,034
new in 2023: €10,034
- Trade debts +€33,579
up €33,579 (+56.1%), from €59,908 to €93,488
- Accrued charges and deferred income +€14,750
new in 2023: €14,750
- Debts after one year +€12,348
up €12,348 (+24.7%), from €50,064 to €62,412
- Current portion of long-term debt +€11,289
up €11,289 (+78.3%), from €14,410 to €25,699
- Other debts +€9,108
up €9,108 (+58.9%), from €15,475 to €24,583
- Turnover -€571,766
no longer reported in 2023 (was €571,766)
- Purchases and services -€414,779
no longer reported in 2023 (was €414,779)
- Gross operating margin -€52,352
down €52,352 (-33.3%), from €156,987 to €104,635
- Depreciation -€34,622
no longer reported in 2023 (was €34,622)
- Staff costs -€17,082
down €17,082 (-15.2%), from €112,174 to €95,093
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,224 | €276,151 | +€87,927 | +46.7% |
| Fixed assets | 21/28 | €64,912 | €131,784 | +€66,872 | +103% |
| Tangible fixed assets | 22/27 | €64,912 | €131,784 | +€66,872 | +103% |
| Land and buildings | 22 | €15,939 | €17,308 | +€1,369 | +8.6% |
| Plant, machinery and equipment | 23 | €16,505 | €47,653 | +€31,148 | +189% |
| Furniture and vehicles | 24 | €21,363 | €55,718 | +€34,355 | +161% |
| Leasing and similar rights | 25 | €11,105 | €11,105 | = | 0.0% |
| Current assets | 29/58 | €123,312 | €144,367 | +€21,055 | +17.1% |
| Stocks and contracts in progress | 3 | €12,000 | €12,000 | = | 0.0% |
| Stocks | 30/36 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,088 | €100,306 | +€43,219 | +75.7% |
| Trade receivables | 40 | €38,515 | €79,815 | +€41,299 | +107% |
| Other amounts receivable | 41 | €18,573 | €20,492 | +€1,919 | +10.3% |
| Current investments | 50/53 | - | €10,034 | +€10,034 | |
| Cash at bank and in hand | 54/58 | €52,355 | €22,027 | -€30,328 | -57.9% |
| Deferred charges and accrued income | 490/1 | €1,869 | - | -€1,869 | |
| Total equity and liabilities | 10/49 | €188,224 | €276,151 | +€87,927 | +46.7% |
| Equity | 10/15 | €36,794 | €39,393 | +€2,599 | +7.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,794 | €24,393 | +€2,599 | +11.9% |
| Amounts payable | 17/49 | €151,430 | €236,758 | +€85,328 | +56.3% |
| Amounts payable after more than one year | 17 | €50,064 | €62,412 | +€12,348 | +24.7% |
| Financial debts | 170/4 | €50,064 | €62,412 | +€12,348 | +24.7% |
| Amounts payable within one year | 42/48 | €101,365 | €159,595 | +€58,230 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €14,410 | €25,699 | +€11,289 | +78.3% |
| Trade debts | 44 | €59,908 | €93,488 | +€33,579 | +56.1% |
| Suppliers | 440/4 | €59,908 | €93,488 | +€33,579 | +56.1% |
| Taxes, remuneration and social security | 45 | €11,571 | €15,825 | +€4,254 | +36.8% |
| Taxes | 450/3 | - | €3,192 | +€3,192 | |
| Remuneration and social security | 454/9 | €11,571 | €12,633 | +€1,062 | +9.2% |
| Other amounts payable | 47/48 | €15,475 | €24,583 | +€9,108 | +58.9% |
| Accrued charges and deferred income | 492/3 | - | €14,750 | +€14,750 | |
| Turnover | 70 | €571,766 | - | -€571,766 | |
| Goods, raw materials, services and sundry goods | 60/61 | €414,779 | - | -€414,779 | |
| Remuneration, social security and pensions | 62 | €112,174 | €95,093 | -€17,082 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,622 | - | -€34,622 | |
| Other operating charges | 640/8 | €3,082 | €2,880 | -€202 | -6.5% |
| Gross operating margin | 9900 | €156,987 | €104,635 | -€52,352 | -33.3% |
| Operating profit (loss) | 9901 | €7,109 | €6,662 | -€447 | -6.3% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €2,055 | €4,097 | +€2,042 | +99.3% |
| Recurring financial charges | 65 | €2,055 | €4,097 | +€2,042 | +99.3% |
| Profit (loss) for the period before taxes | 9903 | €5,054 | €2,599 | -€2,455 | -48.6% |
| Income taxes | 67/77 | €660 | - | -€660 | |
| Profit (loss) for the period | 9904 | €4,394 | €2,599 | -€1,795 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,394 | €2,599 | -€1,795 | -40.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.