EXADIVE: 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.
EXADIVE
Largest movements
- Receivables within one year -€111,044
down €111,044 (-50.2%), from €221,285 to €110,241
of which Trade receivables: -€136,448
- Cash +€23,687
up €23,687 (+10.4%), from €228,410 to €252,098
mainly Trade debts (+€140,962) and Receivables within one year (+€111,044)
- Trade debts +€140,962
up €140,962 (+143.0%), from €98,602 to €239,563
- Tax, wage and social debts -€121,810
down €121,810 (-92.7%), from €131,344 to €9,533
of which Remuneration and social security: -€69,578
- Reserves -€88,116
down €88,116 (-76.9%), from €114,563 to €26,446
- Other debts -€18,798
down €18,798 (-17.8%), from €105,498 to €86,700
- Gross operating margin -€124,955
down €124,955, from €107,265 to -€17,690
- Staff costs +€41,713
up €41,713 (+164.5%), from €25,365 to €67,078
- Taxes -€15,450
no longer reported in 2025 (was €15,450)
- Other operating charges -€2,498
down €2,498 (-86.2%), from €2,897 to €400
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 | €452,006 | €364,243 | -€87,763 | -19.4% |
| Fixed assets | 21/28 | €2,311 | €1,843 | -€468 | -20.2% |
| Tangible fixed assets | 22/27 | €2,311 | €1,843 | -€468 | -20.2% |
| Furniture and vehicles | 24 | €2,311 | €1,843 | -€468 | -20.2% |
| Current assets | 29/58 | €449,695 | €362,401 | -€87,295 | -19.4% |
| Amounts receivable within one year | 40/41 | €221,285 | €110,241 | -€111,044 | -50.2% |
| Trade receivables | 40 | €211,736 | €75,288 | -€136,448 | -64.4% |
| Other amounts receivable | 41 | €9,550 | €34,954 | +€25,404 | +266.0% |
| Cash at bank and in hand | 54/58 | €228,410 | €252,098 | +€23,687 | +10.4% |
| Deferred charges and accrued income | 490/1 | - | €62 | +€62 | |
| Total equity and liabilities | 10/49 | €452,006 | €364,243 | -€87,763 | -19.4% |
| Equity | 10/15 | €116,563 | €28,446 | -€88,116 | -75.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €114,563 | €26,446 | -€88,116 | -76.9% |
| Distributable reserves | 133 | €114,563 | €26,446 | -€88,116 | -76.9% |
| Amounts payable | 17/49 | €335,443 | €335,797 | +€354 | +0.1% |
| Amounts payable within one year | 42/48 | €335,443 | €335,797 | +€354 | +0.1% |
| Trade debts | 44 | €98,602 | €239,563 | +€140,962 | +143.0% |
| Suppliers | 440/4 | €98,602 | €239,563 | +€140,962 | +143.0% |
| Taxes, remuneration and social security | 45 | €131,344 | €9,533 | -€121,810 | -92.7% |
| Taxes | 450/3 | €52,232 | - | -€52,232 | |
| Remuneration and social security | 454/9 | €79,111 | €9,533 | -€69,578 | -87.9% |
| Other amounts payable | 47/48 | €105,498 | €86,700 | -€18,798 | -17.8% |
| Remuneration, social security and pensions | 62 | €25,365 | €67,078 | +€41,713 | +164.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,920 | €1,868 | -€1,052 | -36.0% |
| Other operating charges | 640/8 | €2,897 | €400 | -€2,498 | -86.2% |
| Gross operating margin | 9900 | €107,265 | -€17,690 | -€124,955 | |
| Operating profit (loss) | 9901 | €76,083 | -€87,035 | -€163,118 | |
| Financial income | 75/76B | €0 | €78 | +€78 | +19432.5% |
| Recurring financial income | 75 | €0 | €78 | +€78 | +19432.5% |
| Financial charges | 65/66B | €1,342 | €1,159 | -€183 | -13.6% |
| Recurring financial charges | 65 | €1,342 | €1,159 | -€183 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €74,741 | -€88,116 | -€162,858 | |
| Income taxes | 67/77 | €15,450 | - | -€15,450 | |
| Profit (loss) for the period | 9904 | €59,291 | -€88,116 | -€147,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,291 | -€88,116 | -€147,408 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.