EXACT TRADING: 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.
EXACT TRADING
Largest movements
- Receivables within one year -€135,010
down €135,010 (-29.1%), from €464,433 to €329,423
of which Other amounts receivable: -€123,734
- Receivables after one year +€110,211
up €110,211 (+56.1%), from €196,490 to €306,702
- Tangible fixed assets +€7,133
up €7,133 (+4,409%), from €162 to €7,295
- Tax, wage and social debts -€46,092
down €46,092 (-61.9%), from €74,425 to €28,334
- Other debts +€31,750
up €31,750 (+223%), from €14,250 to €46,000
- Gross operating margin -€25,395
down €25,395 (-40.2%), from €63,148 to €37,753
- Taxes -€5,219
down €5,219 (-21.0%), from €24,896 to €19,677
- Financial income +€1,528
up €1,528 (+4.9%), from €31,366 to €32,894
- Financial charges +€1,443
up €1,443 (+124%), from €1,160 to €2,604
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 | €661,194 | €645,862 | -€15,331 | -2.3% |
| Fixed assets | 21/28 | €225 | €7,358 | +€7,133 | +3,173% |
| Tangible fixed assets | 22/27 | €162 | €7,295 | +€7,133 | +4,409% |
| Furniture and vehicles | 24 | €162 | €7,295 | +€7,133 | +4,409% |
| Financial fixed assets | 28 | €63 | €63 | = | 0.0% |
| Current assets | 29/58 | €660,969 | €638,505 | -€22,464 | -3.4% |
| Amounts receivable after more than one year | 29 | €196,490 | €306,702 | +€110,211 | +56.1% |
| Other amounts receivable | 291 | €196,490 | €306,702 | +€110,211 | +56.1% |
| Amounts receivable within one year | 40/41 | €464,433 | €329,423 | -€135,010 | -29.1% |
| Trade receivables | 40 | €32,939 | €21,663 | -€11,277 | -34.2% |
| Other amounts receivable | 41 | €431,493 | €307,760 | -€123,734 | -28.7% |
| Current investments | 50/53 | €1 | €932 | +€931 | +145,461% |
| Cash at bank and in hand | 54/58 | €45 | €1,449 | +€1,404 | +3,113% |
| Total equity and liabilities | 10/49 | €661,194 | €645,862 | -€15,331 | -2.3% |
| Equity | 10/15 | €568,146 | €565,260 | -€2,886 | -0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,860 | €146,860 | -€5,000 | -3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €145,000 | -€5,000 | -3.3% |
| Profit (loss) carried forward | 14 | €410,086 | €412,200 | +€2,114 | +0.5% |
| Amounts payable | 17/49 | €93,048 | €80,603 | -€12,445 | -13.4% |
| Amounts payable within one year | 42/48 | €93,048 | €80,603 | -€12,445 | -13.4% |
| Financial debts | 43 | €2,401 | €4,352 | +€1,951 | +81.3% |
| Credit institutions | 430/8 | €2,401 | €4,352 | +€1,951 | +81.3% |
| Trade debts | 44 | €1,972 | €1,917 | -€54 | -2.8% |
| Suppliers | 440/4 | €1,972 | €1,917 | -€54 | -2.8% |
| Taxes, remuneration and social security | 45 | €74,425 | €28,334 | -€46,092 | -61.9% |
| Taxes | 450/3 | €74,425 | €28,334 | -€46,092 | -61.9% |
| Other amounts payable | 47/48 | €14,250 | €46,000 | +€31,750 | +223% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €777 | +€345 | +80.0% |
| Other operating charges | 640/8 | - | €476 | +€476 | |
| Gross operating margin | 9900 | €63,148 | €37,753 | -€25,395 | -40.2% |
| Operating profit (loss) | 9901 | €62,717 | €36,500 | -€26,216 | -41.8% |
| Financial income | 75/76B | €31,366 | €32,894 | +€1,528 | +4.9% |
| Recurring financial income | 75 | €31,366 | €32,894 | +€1,528 | +4.9% |
| Financial charges | 65/66B | €1,160 | €2,604 | +€1,443 | +124% |
| Recurring financial charges | 65 | €1,160 | €2,604 | +€1,443 | +124% |
| Profit (loss) for the period before taxes | 9903 | €92,922 | €66,791 | -€26,131 | -28.1% |
| Income taxes | 67/77 | €24,896 | €19,677 | -€5,219 | -21.0% |
| Profit (loss) for the period | 9904 | €68,026 | €47,114 | -€20,912 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,026 | €47,114 | -€20,912 | -30.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.