XL SERVICES: 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 SERVICES
Largest movements
- Cash +€8,028
up €8,028 (+81.7%), from €9,822 to €17,850
mainly Other debts (+€31,056) and Depreciation (+€25,088)
- Debts after one year -€49,932
down €49,932 (-12.3%), from €406,484 to €356,551
- Other debts +€31,056
up €31,056 (+13.9%), from €222,656 to €253,712
- Profit (loss) carried forward +€16,073
up €16,073, from -€16,073 to €0
- Reserves +€8,973
up €8,973 (+1,943%), from €462 to €9,435
of which Distributable reserves: +€8,973
- Financial income -€90,000
down €90,000 (-50.0%), from €180,000 to €90,000
- Gross operating margin +€11,784
up €11,784 (+44.1%), from -€26,749 to -€14,966
- Other operating charges +€8,874
up €8,874 (+440%), from €2,017 to €10,891
- Depreciation +€3,914
up €3,914 (+18.5%), from €21,174 to €25,088
- Financial charges -€2,430
down €2,430 (-16.0%), from €15,162 to €12,732
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 | €775,735 | €793,749 | +€18,013 | +2.3% |
| Fixed assets | 21/28 | €759,606 | €766,927 | +€7,321 | +1.0% |
| Tangible fixed assets | 22/27 | €309,606 | €316,927 | +€7,321 | +2.4% |
| Land and buildings | 22 | €307,213 | €286,986 | -€20,226 | -6.6% |
| Furniture and vehicles | 24 | €2,393 | €29,940 | +€27,547 | +1,151% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €16,129 | €26,822 | +€10,693 | +66.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,185 | €8,508 | +€4,323 | +103% |
| Trade receivables | 40 | - | €30 | +€30 | |
| Other amounts receivable | 41 | €4,185 | €8,478 | +€4,293 | +103% |
| Cash at bank and in hand | 54/58 | €9,822 | €17,850 | +€8,028 | +81.7% |
| Deferred charges and accrued income | 490/1 | €2,122 | €464 | -€1,658 | -78.2% |
| Total equity and liabilities | 10/49 | €775,735 | €793,749 | +€18,013 | +2.3% |
| Equity | 10/15 | €80,589 | €105,635 | +€25,046 | +31.1% |
| Contributions | 10/11 | €96,200 | €96,200 | = | 0.0% |
| Reserves | 13 | €462 | €9,435 | +€8,973 | +1,943% |
| Non-distributable reserves | 130/1 | €462 | €462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €462 | €462 | = | 0.0% |
| Distributable reserves | 133 | - | €8,973 | +€8,973 | |
| Profit (loss) carried forward | 14 | -€16,073 | €0 | +€16,073 | |
| Amounts payable | 17/49 | €695,146 | €688,114 | -€7,032 | -1.0% |
| Amounts payable after more than one year | 17 | €406,484 | €356,551 | -€49,932 | -12.3% |
| Financial debts | 170/4 | €406,484 | €356,551 | -€49,932 | -12.3% |
| Amounts payable within one year | 42/48 | €288,562 | €330,145 | +€41,583 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €60,434 | €66,250 | +€5,816 | +9.6% |
| Financial debts | 43 | €934 | €0 | -€934 | -100% |
| Credit institutions | 430/8 | €934 | €0 | -€934 | -100% |
| Trade debts | 44 | €3,879 | €1,901 | -€1,978 | -51.0% |
| Suppliers | 440/4 | €3,879 | €1,901 | -€1,978 | -51.0% |
| Taxes, remuneration and social security | 45 | €660 | €8,282 | +€7,622 | +1,155% |
| Taxes | 450/3 | €660 | €8,282 | +€7,622 | +1,155% |
| Other amounts payable | 47/48 | €222,656 | €253,712 | +€31,056 | +13.9% |
| Accrued charges and deferred income | 492/3 | €100 | €1,417 | +€1,317 | +1,317% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,174 | €25,088 | +€3,914 | +18.5% |
| Other operating charges | 640/8 | €2,017 | €10,891 | +€8,874 | +440% |
| Gross operating margin | 9900 | -€26,749 | -€14,966 | +€11,784 | +44.1% |
| Operating profit (loss) | 9901 | -€49,941 | -€50,944 | -€1,004 | -2.0% |
| Financial income | 75/76B | €180,000 | €90,000 | -€90,000 | -50.0% |
| Recurring financial income | 75 | €180,000 | €90,000 | -€90,000 | -50.0% |
| Financial charges | 65/66B | €15,162 | €12,732 | -€2,430 | -16.0% |
| Recurring financial charges | 65 | €15,162 | €12,732 | -€2,430 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €114,897 | €26,324 | -€88,574 | -77.1% |
| Income taxes | 67/77 | €279 | €1,278 | +€999 | +358% |
| Profit (loss) for the period | 9904 | €114,618 | €25,046 | -€89,572 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,618 | €25,046 | -€89,572 | -78.1% |
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 13 October 2026 via checked.be.