EKSTER: what changed
Two fiscal 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.
EKSTER
Largest movements
- Stocks and contracts -€656,705
down €656,705 (-34.5%), from €1.9m to €1.2m
- Receivables within one year +€207,210
up €207,210 (+39.1%), from €529,434 to €736,644
of which Other amounts receivable: +€379,630
- Reserves -€278,824
down €278,824 (-35.6%), from €783,327 to €504,503
- Tax, wage and social debts -€181,181
down €181,181 (-60.3%), from €300,233 to €119,051
- Write-downs +€478,208
new in 2025: €478,208
- Gross operating margin -€442,738
down €442,738 (-40.9%), from €1.1m to €641,013
- Taxes -€239,951
down €239,951 (-89.0%), from €269,501 to €29,550
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,437,502 | €1,987,671 | -€449,830 | -18.5% |
| Current assets | 29/58 | €2,437,502 | €1,987,671 | -€449,830 | -18.5% |
| Stocks and contracts in progress | 3 | €1,905,197 | €1,248,492 | -€656,705 | -34.5% |
| Stocks | 30/36 | €1,905,197 | €1,248,492 | -€656,705 | -34.5% |
| Amounts receivable within one year | 40/41 | €529,434 | €736,644 | +€207,210 | +39.1% |
| Trade receivables | 40 | €172,420 | - | -€172,420 | |
| Other amounts receivable | 41 | €357,014 | €736,644 | +€379,630 | +106.3% |
| Cash at bank and in hand | 54/58 | €2,216 | €1,766 | -€449 | -20.3% |
| Deferred charges and accrued income | 490/1 | €654 | €769 | +€115 | +17.5% |
| Total equity and liabilities | 10/49 | €2,437,502 | €1,987,671 | -€449,830 | -18.5% |
| Equity | 10/15 | €801,927 | €523,103 | -€278,824 | -34.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €783,327 | €504,503 | -€278,824 | -35.6% |
| Distributable reserves | 133 | €783,327 | €504,503 | -€278,824 | -35.6% |
| Amounts payable | 17/49 | €1,635,575 | €1,464,568 | -€171,007 | -10.5% |
| Amounts payable within one year | 42/48 | €1,629,176 | €1,459,692 | -€169,484 | -10.4% |
| Financial debts | 43 | €1,230,000 | €1,230,000 | = | 0.0% |
| Other loans | 439 | €1,230,000 | €1,230,000 | = | 0.0% |
| Trade debts | 44 | €1,282 | €10,075 | +€8,793 | +685.8% |
| Suppliers | 440/4 | €1,282 | €10,075 | +€8,793 | +685.8% |
| Taxes, remuneration and social security | 45 | €300,233 | €119,051 | -€181,181 | -60.3% |
| Taxes | 450/3 | €300,233 | €119,051 | -€181,181 | -60.3% |
| Other amounts payable | 47/48 | €97,661 | €100,565 | +€2,904 | +3.0% |
| Accrued charges and deferred income | 492/3 | €6,398 | €4,876 | -€1,522 | -23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €478,208 | +€478,208 | |
| Other operating charges | 640/8 | €397 | €10,568 | +€10,170 | +2559.6% |
| Gross operating margin | 9900 | €1,083,751 | €641,013 | -€442,738 | -40.9% |
| Operating profit (loss) | 9901 | €1,083,354 | €152,238 | -€931,116 | -85.9% |
| Financial income | 75/76B | €11,730 | €11,016 | -€715 | -6.1% |
| Recurring financial income | 75 | €11,730 | €11,016 | -€715 | -6.1% |
| Financial charges | 65/66B | €43,703 | €52,527 | +€8,824 | +20.2% |
| Recurring financial charges | 65 | €43,703 | €52,527 | +€8,824 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €1,051,381 | €110,727 | -€940,654 | -89.5% |
| Income taxes | 67/77 | €269,501 | €29,550 | -€239,951 | -89.0% |
| Profit (loss) for the period | 9904 | €781,880 | €81,176 | -€700,703 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €781,880 | €81,176 | -€700,703 | -89.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.