EKSTERLAER: 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.
EKSTERLAER
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-7.5%), from €20.6m to €19.1m
- Current portion of long-term debt -€2.5m
down €2.5m (-31.5%), from €7.8m to €5.4m
- Advances received +€1.3m
up €1.3m (+842%), from €148,644 to €1.4m
- Accrued charges and deferred income -€395,416
down €395,416 (-11.5%), from €3.5m to €3.1m
- Gross operating margin +€403,969
up €403,969, from -€52,441 to €351,528
- Financial income -€130,332
down €130,332 (-39.6%), from €328,837 to €198,505
- Financial charges -€124,836
down €124,836 (-35.5%), from €351,598 to €226,761
- Other operating charges +€92,049
up €92,049 (+69.0%), from €133,477 to €225,526
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.
Derived cash bridge
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 | €24,244,616 | €22,754,281 | -€1.5m | -6.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €24,244,616 | €22,754,281 | -€1.5m | -6.1% |
| Stocks and contracts in progress | 3 | €20,628,552 | €19,085,303 | -€1.5m | -7.5% |
| Stocks | 30/36 | €20,628,552 | €19,085,303 | -€1.5m | -7.5% |
| Amounts receivable within one year | 40/41 | €3,034,516 | €3,196,989 | +€162,472 | +5.4% |
| Trade receivables | 40 | €2,034 | - | -€2,034 | |
| Other amounts receivable | 41 | €3,032,482 | €3,196,989 | +€164,506 | +5.4% |
| Cash at bank and in hand | 54/58 | €433,647 | €458,896 | +€25,249 | +5.8% |
| Deferred charges and accrued income | 490/1 | €147,900 | €13,093 | -€134,807 | -91.1% |
| Total equity and liabilities | 10/49 | €24,244,616 | €22,754,281 | -€1.5m | -6.1% |
| Equity | 10/15 | €12,649,587 | €12,747,333 | +€97,746 | +0.8% |
| Contributions | 10/11 | €14,000,000 | €14,000,000 | = | 0.0% |
| Capital | 10 | €14,000,000 | €14,000,000 | = | 0.0% |
| Issued capital | 100 | €14,000,000 | €14,000,000 | = | 0.0% |
| Reserves | 13 | €41,380 | €41,380 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,380 | €41,380 | = | 0.0% |
| Legal reserve | 130 | €41,380 | €41,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,391,792 | -€1,294,046 | +€97,746 | +7.0% |
| Amounts payable | 17/49 | €11,595,028 | €10,006,948 | -€1.6m | -13.7% |
| Amounts payable within one year | 42/48 | €8,143,152 | €6,950,488 | -€1.2m | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €7,818,000 | €5,355,000 | -€2.5m | -31.5% |
| Trade debts | 44 | €58,193 | €11,595 | -€46,598 | -80.1% |
| Suppliers | 440/4 | €58,193 | €11,595 | -€46,598 | -80.1% |
| Advances received on contracts in progress | 46 | €148,644 | €1,400,000 | +€1.3m | +842% |
| Taxes, remuneration and social security | 45 | €118,315 | €183,893 | +€65,578 | +55.4% |
| Taxes | 450/3 | €118,315 | €183,893 | +€65,578 | +55.4% |
| Accrued charges and deferred income | 492/3 | €3,451,876 | €3,056,460 | -€395,416 | -11.5% |
| Other operating charges | 640/8 | €133,477 | €225,526 | +€92,049 | +69.0% |
| Gross operating margin | 9900 | -€52,441 | €351,528 | +€403,969 | |
| Operating profit (loss) | 9901 | -€185,918 | €126,002 | +€311,920 | |
| Financial income | 75/76B | €328,837 | €198,505 | -€130,332 | -39.6% |
| Recurring financial income | 75 | €328,837 | €198,505 | -€130,332 | -39.6% |
| Financial charges | 65/66B | €351,598 | €226,761 | -€124,836 | -35.5% |
| Recurring financial charges | 65 | €351,598 | €226,761 | -€124,836 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | -€208,678 | €97,746 | +€306,424 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€208,678 | €97,746 | +€306,424 | |
| Profit (loss) for the period to be appropriated | 9905 | -€208,678 | €97,746 | +€306,424 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.