Ex Animo: 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.
Ex Animo
Largest movements
- Cash +€38,413
up €38,413 (+66.0%), from €58,169 to €96,582
mainly Net result for the year (+€57,569) and Receivables within one year (+€29,831)
- Receivables within one year -€29,831
down €29,831 (-58.7%), from €50,855 to €21,023
of which Other amounts receivable: -€25,363
- Current investments -€26,000
no longer reported in 2025 (was €26,000)
- Reserves -€17,423
down €17,423 (-12.8%), from €136,481 to €119,058
- Tax, wage and social debts -€1,839
down €1,839 (-15.1%), from €12,209 to €10,370
- Gross operating margin +€12,084
up €12,084 (+19.0%), from €63,463 to €75,547
- Financial income +€3,388
up €3,388 (+201.9%), from €1,679 to €5,067
- Taxes +€1,904
up €1,904 (+14.9%), from €12,766 to €14,670
- Financial charges +€852
up €852 (+466.6%), from €183 to €1,034
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 | €149,710 | €130,901 | -€18,810 | -12.6% |
| Fixed assets | 21/28 | €14,134 | €12,671 | -€1,464 | -10.4% |
| Tangible fixed assets | 22/27 | €14,134 | €12,671 | -€1,464 | -10.4% |
| Land and buildings | 22 | €241 | - | -€241 | |
| Plant, machinery and equipment | 23 | €1,132 | €3,111 | +€1,979 | +174.7% |
| Furniture and vehicles | 24 | €12,761 | €9,560 | -€3,202 | -25.1% |
| Current assets | 29/58 | €135,576 | €118,230 | -€17,346 | -12.8% |
| Amounts receivable within one year | 40/41 | €50,855 | €21,023 | -€29,831 | -58.7% |
| Trade receivables | 40 | €21,937 | €17,469 | -€4,469 | -20.4% |
| Other amounts receivable | 41 | €28,918 | €3,555 | -€25,363 | -87.7% |
| Current investments | 50/53 | €26,000 | - | -€26,000 | |
| Cash at bank and in hand | 54/58 | €58,169 | €96,582 | +€38,413 | +66.0% |
| Deferred charges and accrued income | 490/1 | €552 | €624 | +€72 | +13.1% |
| Total equity and liabilities | 10/49 | €149,710 | €130,901 | -€18,810 | -12.6% |
| Equity | 10/15 | €137,481 | €120,058 | -€17,423 | -12.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €136,481 | €119,058 | -€17,423 | -12.8% |
| Distributable reserves | 133 | €136,481 | €119,058 | -€17,423 | -12.8% |
| Amounts payable | 17/49 | €12,229 | €10,842 | -€1,387 | -11.3% |
| Amounts payable within one year | 42/48 | €12,229 | €10,842 | -€1,387 | -11.3% |
| Trade debts | 44 | €20 | €472 | +€452 | +2260.1% |
| Suppliers | 440/4 | €20 | €472 | +€452 | +2260.1% |
| Taxes, remuneration and social security | 45 | €12,209 | €10,370 | -€1,839 | -15.1% |
| Taxes | 450/3 | €12,209 | €10,370 | -€1,839 | -15.1% |
| Remuneration, social security and pensions | 62 | €2,086 | €2,198 | +€112 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,486 | €4,316 | -€170 | -3.8% |
| Other operating charges | 640/8 | €720 | €378 | -€342 | -47.5% |
| Non-recurring operating charges | 66A | - | €448 | +€448 | |
| Gross operating margin | 9900 | €63,463 | €75,547 | +€12,084 | +19.0% |
| Operating profit (loss) | 9901 | €56,170 | €68,206 | +€12,036 | +21.4% |
| Financial income | 75/76B | €1,679 | €5,067 | +€3,388 | +201.9% |
| Recurring financial income | 75 | €1,679 | €5,067 | +€3,388 | +201.9% |
| Financial charges | 65/66B | €183 | €1,034 | +€852 | +466.6% |
| Recurring financial charges | 65 | €183 | €1,034 | +€852 | +466.6% |
| Profit (loss) for the period before taxes | 9903 | €57,666 | €72,239 | +€14,573 | +25.3% |
| Income taxes | 67/77 | €12,766 | €14,670 | +€1,904 | +14.9% |
| Profit (loss) for the period | 9904 | €44,901 | €57,569 | +€12,669 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,901 | €57,569 | +€12,669 | +28.2% |
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 11 October 2026 via checked.be.