EXACT: 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.
EXACT
Largest movements
- Tangible fixed assets -€24,734
down €24,734 (-3.3%), from €748,201 to €723,467
- Other debts -€25,395
down €25,395 (-4.5%), from €561,182 to €535,786
- Financial charges -€181,423
down €181,423 (-100.0%), from €181,447 to €24
- Gross operating margin +€3,667
up €3,667 (+16.1%), from €22,831 to €26,498
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 | €748,318 | €723,677 | -€24,641 | -3.3% |
| Fixed assets | 21/28 | €748,201 | €723,467 | -€24,734 | -3.3% |
| Tangible fixed assets | 22/27 | €748,201 | €723,467 | -€24,734 | -3.3% |
| Land and buildings | 22 | €748,201 | €723,467 | -€24,734 | -3.3% |
| Current assets | 29/58 | €117 | €210 | +€93 | +79.2% |
| Cash at bank and in hand | 54/58 | €117 | €210 | +€93 | +79.2% |
| Total equity and liabilities | 10/49 | €748,318 | €723,677 | -€24,641 | -3.3% |
| Equity | 10/15 | €186,939 | €187,591 | +€653 | +0.3% |
| Contributions | 10/11 | €213,188 | €213,188 | = | 0.0% |
| Capital | 10 | €213,188 | €213,188 | = | 0.0% |
| Issued capital | 100 | €213,188 | €213,188 | = | 0.0% |
| Reserves | 13 | €21,319 | €21,319 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,319 | €21,319 | = | 0.0% |
| Legal reserve | 130 | €21,319 | €21,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,569 | -€46,916 | +€653 | +1.4% |
| Amounts payable | 17/49 | €561,379 | €536,085 | -€25,294 | -4.5% |
| Amounts payable within one year | 42/48 | €561,379 | €536,085 | -€25,294 | -4.5% |
| Trade debts | 44 | €197 | €299 | +€102 | +51.6% |
| Suppliers | 440/4 | €197 | €299 | +€102 | +51.6% |
| Other amounts payable | 47/48 | €561,182 | €535,786 | -€25,395 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,734 | €24,734 | = | 0.0% |
| Other operating charges | 640/8 | €1,276 | €1,088 | -€188 | -14.8% |
| Gross operating margin | 9900 | €22,831 | €26,498 | +€3,667 | +16.1% |
| Operating profit (loss) | 9901 | -€3,179 | €677 | +€3,856 | |
| Financial charges | 65/66B | €181,447 | €24 | -€181,423 | -100.0% |
| Recurring financial charges | 65 | €181,447 | €24 | -€181,423 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€184,626 | €653 | +€185,278 | |
| Profit (loss) for the period | 9904 | -€184,626 | €653 | +€185,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€184,626 | €653 | +€185,278 |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.