Xwift: 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.
What changed
Xwift
NACE 49.410, Freight transport by road
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€96,670
2023 · €2.5m-€2.4m
Equity
€6.1m
2023 · €6.0m+€96,679
Cash
€1.6m
2023 · €1.9m-€277,497
Balance sheet total
€87.9m
2023 · €38.8m+€49.1m
Largest movements
Assets
- Financial fixed assets +€39.8m
up €39.8m (+301%), from €13.2m to €53.0m
of which Affiliated companies: +€39.8m
- Receivables within one year +€4.4m
up €4.4m (+45.5%), from €9.6m to €14.0m
of which Other amounts receivable: +€3.1m
- Tangible fixed assets +€2.7m
up €2.7m (+26.1%), from €10.5m to €13.2m
- Intangible fixed assets +€2.2m
up €2.2m (+608%), from €354,346 to €2.5m
Equity and liabilities
- Debts after one year +€25.3m
up €25.3m (+171%), from €14.8m to €40.1m
- Short-term financial debts +€20.5m
up €20.5m (+535%), from €3.8m to €24.3m
- Trade debts +€2.4m
up €2.4m (+80.2%), from €3.0m to €5.4m
- Other debts +€1.4m
up €1.4m (+71.7%), from €1.9m to €3.3m
Income statement
- Turnover +€9.8m
up €9.8m (+29.4%), from €33.2m to €43.0m
- Goods and materials +€4.4m
up €4.4m (+294%), from €1.5m to €5.8m
of which Purchases: +€4.5m
- Staff costs +€2.3m
up €2.3m (+15.7%), from €14.6m to €16.9m
- Services and other goods +€2.1m
up €2.1m (+16.4%), from €12.8m to €14.9m
- Financial charges +€1.2m
up €1.2m (+248%), from €486,166 to €1.7m
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.
Result 2023
€2.5m
Turnover
+€9.8m
Other operating income
+€100,496
Goods and materials
-€4.4m
Services and other goods
-€2.1m
Staff costs
-€2.3m
Depreciation
-€1.1m
Write-downs
+€78,148
Other operating charges
+€33,738
Other operating items
-€1.3m
Financial income
-€45,840
Financial charges
-€1.2m
Other financial items
-€1
Taxes
-€3,511
Result 2024
€96,670
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.7m
Investment
-€47.9m
Financing
+€44.9m
Cash 2023
€1.9m
From operations (derived)
+€2.7m
Net result for the year
+€96,670
Depreciation
+€3.2m
Smaller working-capital items
-€59,488
Receivables within one year
-€4.4m
Deferred charges and accrued income
-€201,013
Trade debts
+€2.4m
Tax, wage and social debts
+€220,450
Other debts
+€1.4m
Investment (derived)
-€47.9m
Investment in fixed assets (net)
-€47.9m
Financing
+€44.9m
Debts after one year
+€25.3m
Current portion of long-term debt
-€847,717
Short-term financial debts
+€20.5m
Contributions, distributions and other
+€9
Cash 2024
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,793,440 | €87,886,594 | +€49.1m | +127% |
| Fixed assets | 21/28 | €24,037,835 | €68,713,509 | +€44.7m | +186% |
| Intangible fixed assets | 21 | €354,346 | €2,507,432 | +€2.2m | +608% |
| Tangible fixed assets | 22/27 | €10,463,716 | €13,199,914 | +€2.7m | +26.1% |
| Land and buildings | 22 | €2,583,805 | €3,228,495 | +€644,690 | +25.0% |
| Plant, machinery and equipment | 23 | €621,892 | €1,080,159 | +€458,267 | +73.7% |
| Furniture and vehicles | 24 | €1,147,945 | €1,882,632 | +€734,687 | +64.0% |
| Leasing and similar rights | 25 | €5,985,412 | €6,906,435 | +€921,023 | +15.4% |
| Other tangible fixed assets | 26 | €99,333 | €75,365 | -€23,968 | -24.1% |
| Assets under construction and advance payments | 27 | €25,329 | €26,829 | +€1,500 | +5.9% |
| Financial fixed assets | 28 | €13,219,774 | €53,006,163 | +€39.8m | +301% |
| Affiliated companies | 280/1 | €13,216,500 | €52,989,749 | +€39.8m | +301% |
| Participating interests | 280 | €13,216,500 | €52,989,749 | +€39.8m | +301% |
| Other financial fixed assets | 284/8 | €3,274 | €16,414 | +€13,140 | +401% |
| Amounts receivable and cash guarantees | 285/8 | €3,274 | €16,414 | +€13,140 | +401% |
| Current assets | 29/58 | €14,755,605 | €19,173,085 | +€4.4m | +29.9% |
| Amounts receivable after more than one year | 29 | €2,753,665 | €2,770,722 | +€17,057 | +0.6% |
| Other amounts receivable | 291 | €2,753,665 | €2,770,722 | +€17,057 | +0.6% |
| Stocks and contracts in progress | 3 | €128,642 | €225,642 | +€97,000 | +75.4% |
| Stocks | 30/36 | €128,642 | €225,642 | +€97,000 | +75.4% |
| Raw materials and consumables | 30/31 | €128,642 | €225,642 | +€97,000 | +75.4% |
| Amounts receivable within one year | 40/41 | €9,634,758 | €14,014,664 | +€4.4m | +45.5% |
| Trade receivables | 40 | €8,806,984 | €10,110,404 | +€1.3m | +14.8% |
| Other amounts receivable | 41 | €827,775 | €3,904,259 | +€3.1m | +372% |
| Cash at bank and in hand | 54/58 | €1,859,689 | €1,582,192 | -€277,497 | -14.9% |
| Deferred charges and accrued income | 490/1 | €378,851 | €579,864 | +€201,013 | +53.1% |
| Total equity and liabilities | 10/49 | €38,793,440 | €87,886,594 | +€49.1m | +127% |
| Equity | 10/15 | €6,032,625 | €6,129,304 | +€96,679 | +1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,014,033 | €6,110,712 | +€96,679 | +1.6% |
| Tax-exempt reserves | 132 | €2,904,469 | €2,702,768 | -€201,701 | -6.9% |
| Distributable reserves | 133 | €3,109,564 | €3,407,945 | +€298,381 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €200,000 | €200,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €200,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable | 17/49 | €32,560,815 | €81,557,289 | +€49.0m | +150% |
| Amounts payable after more than one year | 17 | €14,828,429 | €40,135,811 | +€25.3m | +171% |
| Financial debts | 170/4 | €14,828,429 | €40,135,811 | +€25.3m | +171% |
| Subordinated loans | 170 | - | €15,000,000 | +€15.0m | |
| Leasing and similar obligations | 172 | €4,262,310 | €4,746,489 | +€484,179 | +11.4% |
| Credit institutions | 173 | €9,762,260 | €9,473,861 | -€288,399 | -3.0% |
| Other loans | 174 | €803,859 | €10,915,462 | +€10.1m | +1,258% |
| Amounts payable within one year | 42/48 | €17,164,378 | €40,796,369 | +€23.6m | +138% |
| Current portion of amounts payable after more than one year | 42 | €5,494,201 | €4,646,484 | -€847,717 | -15.4% |
| Financial debts | 43 | €3,821,937 | €24,274,944 | +€20.5m | +535% |
| Credit institutions | 430/8 | €3,821,937 | €24,274,944 | +€20.5m | +535% |
| Trade debts | 44 | €3,019,543 | €5,442,575 | +€2.4m | +80.2% |
| Suppliers | 440/4 | €3,019,543 | €5,442,575 | +€2.4m | +80.2% |
| Advances received on contracts in progress | 46 | €2,826 | €295 | -€2,531 | -89.6% |
| Taxes, remuneration and social security | 45 | €2,893,373 | €3,113,823 | +€220,450 | +7.6% |
| Taxes | 450/3 | €573,731 | €504,481 | -€69,250 | -12.1% |
| Remuneration and social security | 454/9 | €2,319,642 | €2,609,342 | +€289,700 | +12.5% |
| Other amounts payable | 47/48 | €1,932,498 | €3,318,248 | +€1.4m | +71.7% |
| Accrued charges and deferred income | 492/3 | €568,008 | €625,108 | +€57,100 | +10.1% |
| Operating income | 70/76A | €34,716,631 | €44,462,613 | +€9.7m | +28.1% |
| Turnover | 70 | €33,204,900 | €42,975,343 | +€9.8m | +29.4% |
| Other operating income | 74 | €1,377,369 | €1,477,865 | +€100,496 | +7.3% |
| Non-recurring operating income | 76A | €134,362 | €9,406 | -€124,956 | -93.0% |
| Operating charges | 60/66A | €32,227,888 | €43,129,491 | +€10.9m | +33.8% |
| Goods for resale, raw materials and consumables | 60 | €1,482,481 | €5,838,047 | +€4.4m | +294% |
| Purchases | 600/8 | €1,482,481 | €5,935,047 | +€4.5m | +300% |
| Change in stocks: decrease (increase) | 609 | - | -€97,000 | -€97,000 | |
| Services and other goods | 61 | €12,809,144 | €14,904,294 | +€2.1m | +16.4% |
| Remuneration, social security and pensions | 62 | €14,570,132 | €16,860,145 | +€2.3m | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,107,504 | €3,193,670 | +€1.1m | +51.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €124,801 | €46,653 | -€78,148 | -62.6% |
| Other operating charges | 640/8 | €409,581 | €375,843 | -€33,738 | -8.2% |
| Non-recurring operating charges | 66A | €724,244 | €1,910,840 | +€1.2m | +164% |
| Operating profit (loss) | 9901 | €2,488,743 | €1,333,123 | -€1.2m | -46.4% |
| Financial income | 75/76B | €617,504 | €571,664 | -€45,840 | -7.4% |
| Recurring financial income | 75 | €617,504 | €571,664 | -€45,840 | -7.4% |
| Income from financial fixed assets | 750 | €538,086 | €500,000 | -€38,086 | -7.1% |
| Income from current assets | 751 | €45,489 | €66,060 | +€20,571 | +45.2% |
| Other financial income | 752/9 | €33,930 | €5,604 | -€28,326 | -83.5% |
| Financial charges | 65/66B | €486,166 | €1,693,344 | +€1.2m | +248% |
| Recurring financial charges | 65 | €486,166 | €1,693,344 | +€1.2m | +248% |
| Debt charges | 650 | €463,643 | €1,651,527 | +€1.2m | +256% |
| Other financial charges | 652/9 | €22,523 | €41,816 | +€19,293 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €2,620,082 | €211,443 | -€2.4m | -91.9% |
| Income taxes | 67/77 | €111,262 | €114,773 | +€3,511 | +3.2% |
| Taxes | 670/3 | €111,262 | €114,773 | +€3,511 | +3.2% |
| Profit (loss) for the period | 9904 | €2,508,820 | €96,670 | -€2.4m | -96.1% |
| Transfer from tax-exempt reserves | 789 | €58,269 | €201,701 | +€143,432 | +246% |
| Transfer to tax-exempt reserves | 689 | €2,329,934 | €0 | -€2.3m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €237,154 | €298,371 | +€61,217 | +25.8% |
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 13 October 2026 via checked.be.