EXACT SOFTWARE BELGIUM: 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.
What changed
EXACT SOFTWARE BELGIUM
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13.5m
2024 · €5.6m+€7.9m
Equity
€39.1m
2024 · €16.0m+€23.1m
Cash
€6.6m
2024 · €4.2m+€2.3m
Balance sheet total
€77.0m
2024 · €26.2m+€50.8m
Largest movements
Assets
- Receivables within one year +€45.3m
up €45.3m (+214%), from €21.2m to €66.5m
of which Other amounts receivable: +€40.6m
- Cash +€2.3m
up €2.3m (+55.4%), from €4.2m to €6.6m
mainly Other debts (+€16.5m) and Net result for the year (+€13.5m)
- Intangible fixed assets +€1.6m
up €1.6m (+344%), from €478,382 to €2.1m
- Tangible fixed assets +€1.1m
up €1.1m (+868%), from €130,678 to €1.3m
of which Land and buildings: +€916,000
Equity and liabilities
- Profit (loss) carried forward +€20.7m
up €20.7m (+459%), from €4.5m to €25.2m
- Other debts +€16.5m
up €16.5m (+536%), from €3.1m to €19.6m
- Tax, wage and social debts +€5.6m
up €5.6m (+726%), from €777,582 to €6.4m
of which Taxes: +€3.6m
- Accrued charges and deferred income +€4.1m
up €4.1m (+69.5%), from €5.9m to €10.0m
- Contributions +€1.7m
up €1.7m (+146%), from €1.1m to €2.8m
Income statement
- Turnover +€58.1m
up €58.1m (+330%), from €17.6m to €75.7m
- Goods and materials +€32.9m
up €32.9m (+512%), from €6.4m to €39.3m
- Staff costs +€9.8m
up €9.8m (+285%), from €3.5m to €13.3m
- Services and other goods +€7.4m
up €7.4m (+665%), from €1.1m to €8.6m
- Depreciation +€830,439
up €830,439 (+1,088%), from €76,348 to €906,787
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.
Result 2024
€5.6m
Turnover
+€58.1m
Other operating income
-€1,118
Goods and materials
-€32.9m
Services and other goods
-€7.4m
Staff costs
-€9.8m
Depreciation
-€830,439
Write-downs
-€28,163
Other operating charges
+€10,081
Other operating items
+€666,197
Financial income
+€220,845
Financial charges
-€186,862
Taxes
+€184,711
Result 2025
€13.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.5m
Investment
-€3.8m
Financing
+€9.6m
Cash 2024
€4.2m
From operations (derived)
-€3.5m
Net result for the year
+€13.5m
Depreciation
+€906,787
Receivables within one year
-€45.3m
Deferred charges and accrued income
-€268,992
Trade debts
+€1.4m
Tax, wage and social debts
+€5.6m
Other debts
+€16.5m
Accrued charges and deferred income
+€4.1m
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€9.6m
Contributions, distributions and other
+€9.6m
Cash 2025
€6.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,196,514 | €76,992,270 | +€50.8m | +194% |
| Fixed assets | 21/28 | €609,060 | €3,483,136 | +€2.9m | +472% |
| Intangible fixed assets | 21 | €478,382 | €2,123,783 | +€1.6m | +344% |
| Tangible fixed assets | 22/27 | €130,678 | €1,265,189 | +€1.1m | +868% |
| Land and buildings | 22 | - | €916,000 | +€916,000 | |
| Plant, machinery and equipment | 23 | €0 | €68,648 | +€68,648 | |
| Furniture and vehicles | 24 | €31,733 | €51,636 | +€19,903 | +62.7% |
| Other tangible fixed assets | 26 | €98,945 | €228,905 | +€129,960 | +131% |
| Financial fixed assets | 28 | - | €94,164 | +€94,164 | |
| Other financial fixed assets | 284/8 | - | €94,164 | +€94,164 | |
| Amounts receivable and cash guarantees | 285/8 | - | €94,164 | +€94,164 | |
| Current assets | 29/58 | €25,587,454 | €73,509,134 | +€47.9m | +187% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €21,165,815 | €66,472,941 | +€45.3m | +214% |
| Trade receivables | 40 | €2,083,817 | €6,820,249 | +€4.7m | +227% |
| Other amounts receivable | 41 | €19,081,998 | €59,652,692 | +€40.6m | +213% |
| Cash at bank and in hand | 54/58 | €4,234,222 | €6,579,784 | +€2.3m | +55.4% |
| Deferred charges and accrued income | 490/1 | €187,417 | €456,409 | +€268,992 | +144% |
| Total equity and liabilities | 10/49 | €26,196,514 | €76,992,270 | +€50.8m | +194% |
| Equity | 10/15 | €15,988,461 | €39,130,060 | +€23.1m | +145% |
| Contributions | 10/11 | €1,140,656 | €2,804,049 | +€1.7m | +146% |
| Revaluation surpluses | 12 | - | €616,244 | +€616,244 | |
| Reserves | 13 | €10,347,245 | €10,551,458 | +€204,212 | +2.0% |
| Tax-exempt reserves | 132 | €125,416 | €181,666 | +€56,250 | +44.9% |
| Distributable reserves | 133 | €10,221,829 | €10,369,792 | +€147,962 | +1.4% |
| Profit (loss) carried forward | 14 | €4,500,560 | €25,158,309 | +€20.7m | +459% |
| Amounts payable | 17/49 | €10,208,053 | €37,862,211 | +€27.7m | +271% |
| Amounts payable within one year | 42/48 | €4,291,138 | €27,830,713 | +€23.5m | +549% |
| Trade debts | 44 | €439,032 | €1,841,119 | +€1.4m | +319% |
| Suppliers | 440/4 | €439,032 | €1,841,119 | +€1.4m | +319% |
| Taxes, remuneration and social security | 45 | €777,582 | €6,423,630 | +€5.6m | +726% |
| Taxes | 450/3 | €317,518 | €3,933,191 | +€3.6m | +1,139% |
| Remuneration and social security | 454/9 | €460,064 | €2,490,439 | +€2.0m | +441% |
| Other amounts payable | 47/48 | €3,074,524 | €19,565,964 | +€16.5m | +536% |
| Accrued charges and deferred income | 492/3 | €5,916,915 | €10,031,498 | +€4.1m | +69.5% |
| Operating income | 70/76A | €18,071,096 | €76,824,239 | +€58.8m | +325% |
| Turnover | 70 | €17,590,649 | €75,678,713 | +€58.1m | +330% |
| Own construction capitalised | 72 | €478,382 | €1,144,579 | +€666,197 | +139% |
| Other operating income | 74 | €2,065 | €947 | -€1,118 | -54.2% |
| Operating charges | 60/66A | €11,246,164 | €62,284,885 | +€51.0m | +454% |
| Goods for resale, raw materials and consumables | 60 | €6,423,421 | €39,329,967 | +€32.9m | +512% |
| Purchases | 600/8 | €6,423,421 | €39,329,967 | +€32.9m | +512% |
| Services and other goods | 61 | €1,118,376 | €8,555,365 | +€7.4m | +665% |
| Remuneration, social security and pensions | 62 | €3,458,224 | €13,304,888 | +€9.8m | +285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,348 | €906,787 | +€830,439 | +1,088% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,263 | €68,426 | +€28,163 | +69.9% |
| Other operating charges | 640/8 | €129,533 | €119,451 | -€10,081 | -7.8% |
| Operating profit (loss) | 9901 | €6,824,931 | €14,539,354 | +€7.7m | +113% |
| Financial income | 75/76B | €786,009 | €1,006,854 | +€220,845 | +28.1% |
| Recurring financial income | 75 | €786,009 | €1,006,854 | +€220,845 | +28.1% |
| Income from current assets | 751 | €784,392 | €1,004,664 | +€220,272 | +28.1% |
| Other financial income | 752/9 | €1,617 | €2,190 | +€573 | +35.4% |
| Financial charges | 65/66B | €50,649 | €237,511 | +€186,862 | +369% |
| Recurring financial charges | 65 | €50,649 | €237,511 | +€186,862 | +369% |
| Debt charges | 650 | €41,322 | €125,543 | +€84,221 | +204% |
| Other financial charges | 652/9 | €9,327 | €111,968 | +€102,641 | +1,100% |
| Profit (loss) for the period before taxes | 9903 | €7,560,291 | €15,308,697 | +€7.7m | +102% |
| Income taxes | 67/77 | €1,949,474 | €1,764,763 | -€184,711 | -9.5% |
| Taxes | 670/3 | €1,949,604 | €1,892,975 | -€56,629 | -2.9% |
| Tax adjustments and reversals of tax provisions | 77 | €130 | €128,212 | +€128,081 | +98,448% |
| Profit (loss) for the period | 9904 | €5,610,818 | €13,543,934 | +€7.9m | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €5,610,818 | €13,543,934 | +€7.9m | +141% |
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 23 October 2026 via checked.be.