eXactly: 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.
eXactly
Largest movements
- Receivables within one year -€487,244
down €487,244 (-98.8%), from €493,143 to €5,899
of which Other amounts receivable: -€478,752
- Deferred charges and accrued income +€10,314
up €10,314 (+20.3%), from €50,820 to €61,134
- Short-term financial debts -€470,000
no longer reported in 2025 (was €470,000)
- Reserves +€16,447
up €16,447 (+884%), from €1,860 to €18,307
- Profit (loss) carried forward -€15,432
no longer reported in 2025 (was €15,432)
- Gross operating margin +€20,148
up €20,148, from -€961 to €19,186
- Financial income -€12,908
down €12,908 (-53.1%), from €24,330 to €11,422
- Financial charges +€6,759
up €6,759 (+38.2%), from €17,713 to €24,472
- Taxes -€976
down €976 (-26.2%), from €3,727 to €2,751
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 | €551,640 | €80,626 | -€471,014 | -85.4% |
| Fixed assets | 21/28 | €1,600 | €3,248 | +€1,648 | +103% |
| Tangible fixed assets | 22/27 | €1,600 | €3,248 | +€1,648 | +103% |
| Plant, machinery and equipment | 23 | €1,206 | €3,183 | +€1,977 | +164% |
| Furniture and vehicles | 24 | €393 | €65 | -€329 | -83.5% |
| Current assets | 29/58 | €550,040 | €77,378 | -€472,663 | -85.9% |
| Amounts receivable within one year | 40/41 | €493,143 | €5,899 | -€487,244 | -98.8% |
| Trade receivables | 40 | €12,142 | €3,650 | -€8,492 | -69.9% |
| Other amounts receivable | 41 | €481,001 | €2,249 | -€478,752 | -99.5% |
| Cash at bank and in hand | 54/58 | €6,077 | €10,345 | +€4,268 | +70.2% |
| Deferred charges and accrued income | 490/1 | €50,820 | €61,134 | +€10,314 | +20.3% |
| Total equity and liabilities | 10/49 | €551,640 | €80,626 | -€471,014 | -85.4% |
| Equity | 10/15 | €29,692 | €30,707 | +€1,015 | +3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €18,307 | +€16,447 | +884% |
| Distributable reserves | 133 | €1,860 | €18,307 | +€16,447 | +884% |
| Profit (loss) carried forward | 14 | €15,432 | - | -€15,432 | |
| Amounts payable | 17/49 | €521,948 | €49,919 | -€472,029 | -90.4% |
| Amounts payable within one year | 42/48 | €516,570 | €49,489 | -€467,081 | -90.4% |
| Financial debts | 43 | €470,000 | - | -€470,000 | |
| Credit institutions | 430/8 | €470,000 | - | -€470,000 | |
| Trade debts | 44 | €3,731 | €7,445 | +€3,714 | +99.5% |
| Suppliers | 440/4 | €3,731 | €7,445 | +€3,714 | +99.5% |
| Taxes, remuneration and social security | 45 | €1,227 | €1,034 | -€193 | -15.7% |
| Taxes | 450/3 | €1,227 | €1,034 | -€193 | -15.7% |
| Other amounts payable | 47/48 | €41,612 | €41,010 | -€602 | -1.4% |
| Accrued charges and deferred income | 492/3 | €5,378 | €430 | -€4,949 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,265 | €1,334 | +€68 | +5.4% |
| Other operating charges | 640/8 | €938 | €1,036 | +€98 | +10.5% |
| Non-recurring operating charges | 66A | €554 | - | -€554 | |
| Gross operating margin | 9900 | -€961 | €19,186 | +€20,148 | |
| Operating profit (loss) | 9901 | -€3,719 | €16,816 | +€20,536 | |
| Financial income | 75/76B | €24,330 | €11,422 | -€12,908 | -53.1% |
| Recurring financial income | 75 | €24,330 | €11,422 | -€12,908 | -53.1% |
| Financial charges | 65/66B | €17,713 | €24,472 | +€6,759 | +38.2% |
| Recurring financial charges | 65 | €17,713 | €24,472 | +€6,759 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €2,898 | €3,766 | +€868 | +29.9% |
| Income taxes | 67/77 | €3,727 | €2,751 | -€976 | -26.2% |
| Profit (loss) for the period | 9904 | -€828 | €1,015 | +€1,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€828 | €1,015 | +€1,844 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.