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 -€9,039
down €9,039 (-14.7%), from €61,581 to €52,542
mainly Net result for the year (-€92,551) and Receivables within one year (-€3,025)
- Tangible fixed assets -€7,560
down €7,560 (-4.0%), from €187,251 to €179,691
- Reserves -€92,551
down €92,551 (-38.7%), from €239,452 to €146,901
- Trade debts +€77,780
up €77,780 (+350%), from €22,231 to €100,011
- Financial charges +€46,743
up €46,743 (+5,683%), from €823 to €47,566
of which Non-recurring financial charges: +€36,989
- Staff costs +€35,344
up €35,344 (+7.9%), from €445,570 to €480,915
- Gross operating margin +€23,006
up €23,006 (+5.4%), from €422,716 to €445,722
- Other operating charges -€17,017
down €17,017 (-88.4%), from €19,250 to €2,233
- Taxes -€9,625
no longer reported in 2021 (was €9,625)
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,954 | €363,951 | -€13,003 | -3.4% |
| Fixed assets | 21/28 | €189,431 | €181,871 | -€7,560 | -4.0% |
| Tangible fixed assets | 22/27 | €187,251 | €179,691 | -€7,560 | -4.0% |
| Land and buildings | 22 | €187,251 | €179,691 | -€7,560 | -4.0% |
| Financial fixed assets | 28 | €2,180 | €2,180 | = | 0.0% |
| Current assets | 29/58 | €187,523 | €182,080 | -€5,443 | -2.9% |
| Amounts receivable within one year | 40/41 | €125,942 | €128,967 | +€3,025 | +2.4% |
| Trade receivables | 40 | €53,686 | €62,311 | +€8,625 | +16.1% |
| Other amounts receivable | 41 | €72,256 | €66,656 | -€5,600 | -7.8% |
| Cash at bank and in hand | 54/58 | €61,581 | €52,542 | -€9,039 | -14.7% |
| Deferred charges and accrued income | 490/1 | - | €571 | +€571 | |
| Total equity and liabilities | 10/49 | €376,954 | €363,951 | -€13,003 | -3.4% |
| Equity | 10/15 | €274,452 | €181,901 | -€92,551 | -33.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Capital | 10 | €35,000 | €35,000 | = | 0.0% |
| Issued capital | 100 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €239,452 | €146,901 | -€92,551 | -38.7% |
| Tax-exempt reserves | 132 | €239,452 | €146,901 | -€92,551 | -38.7% |
| Amounts payable | 17/49 | €102,503 | €182,051 | +€79,548 | +77.6% |
| Amounts payable within one year | 42/48 | €100,547 | €180,095 | +€79,548 | +79.1% |
| Trade debts | 44 | €22,231 | €100,011 | +€77,780 | +350% |
| Suppliers | 440/4 | €22,231 | €100,011 | +€77,780 | +350% |
| Taxes, remuneration and social security | 45 | €43,017 | €44,784 | +€1,768 | +4.1% |
| Remuneration and social security | 454/9 | €43,017 | €44,784 | +€1,768 | +4.1% |
| Other amounts payable | 47/48 | €35,300 | €35,300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,955 | €1,955 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2 | +€2 | |
| Remuneration, social security and pensions | 62 | €445,570 | €480,915 | +€35,344 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,850 | €7,560 | -€290 | -3.7% |
| Other operating charges | 640/8 | €19,250 | €2,233 | -€17,017 | -88.4% |
| Gross operating margin | 9900 | €422,716 | €445,722 | +€23,006 | +5.4% |
| Operating profit (loss) | 9901 | -€49,954 | -€44,986 | +€4,969 | +9.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €823 | €47,566 | +€46,743 | +5,683% |
| Recurring financial charges | 65 | €823 | €10,577 | +€9,754 | +1,186% |
| Non-recurring financial charges | 66B | - | €36,989 | +€36,989 | |
| Profit (loss) for the period before taxes | 9903 | -€50,776 | -€92,551 | -€41,775 | -82.3% |
| Income taxes | 67/77 | €9,625 | - | -€9,625 | |
| Profit (loss) for the period | 9904 | -€60,401 | -€92,551 | -€32,150 | -53.2% |
| Transfer from tax-exempt reserves | 789 | €60,401 | €92,551 | +€32,150 | +53.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.