EX INDUSTRIES: 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 INDUSTRIES
Largest movements
- Cash -€29,946
down €29,946 (-74.9%), from €39,976 to €10,030
mainly Contributions, distributions and other (-€66,670) and Stocks and contracts (-€21,041)
- Current investments -€25,189
down €25,189 (-43.6%), from €57,770 to €32,581
- Stocks and contracts +€21,041
up €21,041 (+32.8%), from €64,066 to €85,107
- Receivables within one year +€17,578
up €17,578 (+9.9%), from €178,186 to €195,764
of which Trade receivables: +€11,089
- Tangible fixed assets -€13,203
down €13,203 (-8.5%), from €155,591 to €142,388
of which Land and buildings: -€13,046
- Reserves -€21,839
down €21,839 (-8.8%), from €248,037 to €226,198
of which Distributable reserves: -€21,839
- Debts after one year -€11,043
down €11,043 (-9.0%), from €122,037 to €110,994
- Trade debts +€9,960
up €9,960 (+10.3%), from €96,737 to €106,697
- Tax, wage and social debts -€8,565
down €8,565 (-53.5%), from €16,008 to €7,443
of which Taxes: -€7,727
- Gross operating margin -€30,805
down €30,805 (-26.6%), from €115,890 to €85,085
- Taxes -€7,994
down €7,994 (-32.1%), from €24,882 to €16,888
- Depreciation +€3,247
up €3,247 (+13.2%), from €24,671 to €27,918
- Other operating charges -€2,665
down €2,665 (-55.0%), from €4,844 to €2,178
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €498,499 | €466,754 | -€31,745 | -6.4% |
| Fixed assets | 21/28 | €156,751 | €142,658 | -€14,093 | -9.0% |
| Intangible fixed assets | 21 | €889 | €0 | -€889 | -100% |
| Tangible fixed assets | 22/27 | €155,591 | €142,388 | -€13,203 | -8.5% |
| Land and buildings | 22 | €108,586 | €95,539 | -€13,046 | -12.0% |
| Plant, machinery and equipment | 23 | €29,223 | €33,926 | +€4,703 | +16.1% |
| Furniture and vehicles | 24 | €17,782 | €12,923 | -€4,860 | -27.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €341,749 | €324,096 | -€17,653 | -5.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €64,066 | €85,107 | +€21,041 | +32.8% |
| Stocks | 30/36 | €64,066 | €85,107 | +€21,041 | +32.8% |
| Amounts receivable within one year | 40/41 | €178,186 | €195,764 | +€17,578 | +9.9% |
| Trade receivables | 40 | €119,171 | €130,260 | +€11,089 | +9.3% |
| Other amounts receivable | 41 | €59,014 | €65,503 | +€6,489 | +11.0% |
| Current investments | 50/53 | €57,770 | €32,581 | -€25,189 | -43.6% |
| Cash at bank and in hand | 54/58 | €39,976 | €10,030 | -€29,946 | -74.9% |
| Deferred charges and accrued income | 490/1 | €1,751 | €615 | -€1,136 | -64.9% |
| Total equity and liabilities | 10/49 | €498,499 | €466,754 | -€31,745 | -6.4% |
| Equity | 10/15 | €248,498 | €226,659 | -€21,839 | -8.8% |
| Contributions | 10/11 | €461 | €461 | = | 0.0% |
| Reserves | 13 | €248,037 | €226,198 | -€21,839 | -8.8% |
| Tax-exempt reserves | 132 | €83 | €83 | = | 0.0% |
| Distributable reserves | 133 | €247,954 | €226,115 | -€21,839 | -8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €250,001 | €240,095 | -€9,906 | -4.0% |
| Amounts payable after more than one year | 17 | €122,037 | €110,994 | -€11,043 | -9.0% |
| Financial debts | 170/4 | €122,037 | €110,994 | -€11,043 | -9.0% |
| Amounts payable within one year | 42/48 | €127,964 | €129,101 | +€1,137 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €14,048 | €14,415 | +€366 | +2.6% |
| Financial debts | 43 | €0 | €546 | +€546 | |
| Credit institutions | 430/8 | €0 | €546 | +€546 | |
| Trade debts | 44 | €96,737 | €106,697 | +€9,960 | +10.3% |
| Suppliers | 440/4 | €96,737 | €106,697 | +€9,960 | +10.3% |
| Advances received on contracts in progress | 46 | €1,170 | €0 | -€1,170 | -100% |
| Taxes, remuneration and social security | 45 | €16,008 | €7,443 | -€8,565 | -53.5% |
| Taxes | 450/3 | €15,171 | €7,443 | -€7,727 | -50.9% |
| Remuneration and social security | 454/9 | €837 | €0 | -€837 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,671 | €27,918 | +€3,247 | +13.2% |
| Other operating charges | 640/8 | €4,844 | €2,178 | -€2,665 | -55.0% |
| Gross operating margin | 9900 | €115,890 | €85,085 | -€30,805 | -26.6% |
| Operating profit (loss) | 9901 | €86,375 | €54,989 | -€31,386 | -36.3% |
| Financial income | 75/76B | €11,126 | €10,633 | -€494 | -4.4% |
| Recurring financial income | 75 | €11,126 | €10,633 | -€494 | -4.4% |
| Financial charges | 65/66B | €3,809 | €3,902 | +€93 | +2.4% |
| Recurring financial charges | 65 | €3,809 | €3,902 | +€93 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €93,692 | €61,719 | -€31,973 | -34.1% |
| Income taxes | 67/77 | €24,882 | €16,888 | -€7,994 | -32.1% |
| Profit (loss) for the period | 9904 | €68,810 | €44,831 | -€23,979 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,810 | €44,831 | -€23,979 | -34.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.