XP-Projects: 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.
XP-Projects
Largest movements
- Receivables after one year +€30,000
up €30,000 (+20.0%), from €150,000 to €180,000
- Reserves +€16,841
up €16,841 (+26.4%), from €63,877 to €80,718
- Tax, wage and social debts +€12,008
up €12,008 (+54.2%), from €22,148 to €34,157
- Gross operating margin -€15,414
down €15,414 (-34.9%), from €44,207 to €28,793
- Financial charges -€5,483
down €5,483 (-87.0%), from €6,301 to €818
of which Financial charges: -€4,398
- Taxes +€783
up €783 (+7.1%), from €10,960 to €11,743
- Depreciation -€754
no longer reported in 2023 (was €754)
- Other operating charges +€477
up €477 (+36.7%), from €1,301 to €1,778
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.
Cash bridge derived
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 | €164,135 | €192,324 | +€28,190 | +17.2% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €163,635 | €191,824 | +€28,190 | +17.2% |
| Amounts receivable after more than one year | 29 | €150,000 | €180,000 | +€30,000 | +20.0% |
| Other amounts receivable | 291 | €150,000 | €180,000 | +€30,000 | +20.0% |
| Amounts receivable within one year | 40/41 | €8,510 | €7,436 | -€1,074 | -12.6% |
| Trade receivables | 40 | €852 | €1,208 | +€356 | +41.8% |
| Other amounts receivable | 41 | €7,658 | €6,228 | -€1,430 | -18.7% |
| Cash at bank and in hand | 54/58 | €1,879 | - | -€1,879 | |
| Deferred charges and accrued income | 490/1 | €3,246 | €4,388 | +€1,142 | +35.2% |
| Total equity and liabilities | 10/49 | €164,135 | €192,324 | +€28,190 | +17.2% |
| Equity | 10/15 | €82,477 | €99,318 | +€16,841 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,877 | €80,718 | +€16,841 | +26.4% |
| Distributable reserves | 133 | €63,877 | €80,718 | +€16,841 | +26.4% |
| Amounts payable | 17/49 | €81,658 | €93,007 | +€11,349 | +13.9% |
| Amounts payable within one year | 42/48 | €77,058 | €90,122 | +€13,065 | +17.0% |
| Financial debts | 43 | €49,999 | €50,093 | +€94 | +0.2% |
| Credit institutions | 430/8 | €49,999 | €50,093 | +€94 | +0.2% |
| Trade debts | 44 | €4,910 | €5,873 | +€962 | +19.6% |
| Suppliers | 440/4 | €4,910 | €5,873 | +€962 | +19.6% |
| Taxes, remuneration and social security | 45 | €22,148 | €34,157 | +€12,008 | +54.2% |
| Taxes | 450/3 | €22,148 | €34,157 | +€12,008 | +54.2% |
| Accrued charges and deferred income | 492/3 | €4,600 | €2,884 | -€1,716 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €754 | - | -€754 | |
| Other operating charges | 640/8 | €1,301 | €1,778 | +€477 | +36.7% |
| Non-recurring operating charges | 66A | - | €912 | +€912 | |
| Gross operating margin | 9900 | €44,207 | €28,793 | -€15,414 | -34.9% |
| Operating profit (loss) | 9901 | €42,152 | €26,102 | -€16,050 | -38.1% |
| Financial income | 75/76B | €3,246 | €3,300 | +€54 | +1.7% |
| Recurring financial income | 75 | €3,246 | €3,300 | +€54 | +1.7% |
| Financial charges | 65/66B | €6,301 | €818 | -€5,483 | -87.0% |
| Recurring financial charges | 65 | €5,217 | €818 | -€4,398 | -84.3% |
| Non-recurring financial charges | 66B | €1,084 | - | -€1,084 | |
| Profit (loss) for the period before taxes | 9903 | €39,097 | €28,584 | -€10,513 | -26.9% |
| Income taxes | 67/77 | €10,960 | €11,743 | +€783 | +7.1% |
| Profit (loss) for the period | 9904 | €28,137 | €16,841 | -€11,296 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,137 | €16,841 | -€11,296 | -40.1% |
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 9 October 2026 via checked.be.