EXALATE: 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.
EXALATE
Largest movements
- Cash +€364,077
up €364,077 (+107%), from €340,089 to €704,165
mainly Accrued charges and deferred income (+€546,667) and Depreciation (+€323,207)
- Current investments -€157,408
down €157,408 (-16.2%), from €969,075 to €811,667
- Tangible fixed assets -€136,700
down €136,700 (-67.1%), from €203,606 to €66,905
of which Other tangible fixed assets: -€71,764
- Receivables within one year -€35,146
down €35,146 (-7.7%), from €454,862 to €419,716
of which Other amounts receivable: -€36,005
- Accrued charges and deferred income +€546,667
up €546,667 (+27.4%), from €2.0m to €2.5m
- Profit (loss) carried forward -€453,778
down €453,778 (-172%), from -€263,434 to -€717,212
- Trade debts -€50,410
down €50,410 (-16.0%), from €315,907 to €265,497
- Gross operating margin +€1.1m
up €1.1m (+312%), from €345,213 to €1.4m
- Depreciation +€175,442
up €175,442 (+119%), from €147,765 to €323,207
- Financial charges +€122,138
up €122,138 (+206%), from €59,253 to €181,391
- Financial income -€67,293
down €67,293 (-60.9%), from €110,554 to €43,261
- Staff costs +€29,529
up €29,529 (+2.2%), from €1.3m to €1.4m
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 | €2,764,135 | €2,820,301 | +€56,165 | +2.0% |
| Fixed assets | 21/28 | €826,375 | €683,380 | -€142,995 | -17.3% |
| Intangible fixed assets | 21 | €622,769 | €610,571 | -€12,199 | -2.0% |
| Tangible fixed assets | 22/27 | €203,606 | €66,905 | -€136,700 | -67.1% |
| Plant, machinery and equipment | 23 | €122,293 | €60,670 | -€61,623 | -50.4% |
| Furniture and vehicles | 24 | €9,550 | €6,236 | -€3,314 | -34.7% |
| Other tangible fixed assets | 26 | €71,764 | - | -€71,764 | |
| Financial fixed assets | 28 | - | €5,904 | +€5,904 | |
| Current assets | 29/58 | €1,937,760 | €2,136,920 | +€199,161 | +10.3% |
| Amounts receivable within one year | 40/41 | €454,862 | €419,716 | -€35,146 | -7.7% |
| Trade receivables | 40 | €360,937 | €361,795 | +€858 | +0.2% |
| Other amounts receivable | 41 | €93,925 | €57,921 | -€36,005 | -38.3% |
| Current investments | 50/53 | €969,075 | €811,667 | -€157,408 | -16.2% |
| Cash at bank and in hand | 54/58 | €340,089 | €704,165 | +€364,077 | +107% |
| Deferred charges and accrued income | 490/1 | €173,734 | €201,372 | +€27,638 | +15.9% |
| Total equity and liabilities | 10/49 | €2,764,135 | €2,820,301 | +€56,165 | +2.0% |
| Equity | 10/15 | €315,552 | -€138,225 | -€453,778 | |
| Contributions | 10/11 | €558,500 | €558,500 | = | 0.0% |
| Capital | 10 | €558,500 | €558,500 | = | 0.0% |
| Issued capital | 100 | €558,500 | €558,500 | = | 0.0% |
| Reserves | 13 | €20,487 | €20,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,219 | €6,219 | = | 0.0% |
| Legal reserve | 130 | €6,219 | €6,219 | = | 0.0% |
| Tax-exempt reserves | 132 | €45 | €45 | = | 0.0% |
| Distributable reserves | 133 | €14,223 | €14,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€263,434 | -€717,212 | -€453,778 | -172% |
| Amounts payable | 17/49 | €2,448,583 | €2,958,526 | +€509,943 | +20.8% |
| Amounts payable within one year | 42/48 | €456,586 | €419,862 | -€36,724 | -8.0% |
| Trade debts | 44 | €315,907 | €265,497 | -€50,410 | -16.0% |
| Suppliers | 440/4 | €315,907 | €265,497 | -€50,410 | -16.0% |
| Taxes, remuneration and social security | 45 | €140,680 | €154,366 | +€13,686 | +9.7% |
| Remuneration and social security | 454/9 | €140,680 | €154,366 | +€13,686 | +9.7% |
| Accrued charges and deferred income | 492/3 | €1,991,996 | €2,538,663 | +€546,667 | +27.4% |
| Non-recurring operating income | 76A | €1,231 | - | -€1,231 | |
| Remuneration, social security and pensions | 62 | €1,330,428 | €1,359,958 | +€29,529 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,765 | €323,207 | +€175,442 | +119% |
| Other operating charges | 640/8 | €2,431 | €1,511 | -€920 | -37.8% |
| Non-recurring operating charges | 66A | - | €51,907 | +€51,907 | |
| Gross operating margin | 9900 | €345,213 | €1,420,886 | +€1.1m | +312% |
| Operating profit (loss) | 9901 | -€1,135,412 | -€315,697 | +€819,715 | +72.2% |
| Financial income | 75/76B | €110,554 | €43,261 | -€67,293 | -60.9% |
| Recurring financial income | 75 | €110,554 | €43,261 | -€67,293 | -60.9% |
| Financial charges | 65/66B | €59,253 | €181,391 | +€122,138 | +206% |
| Recurring financial charges | 65 | €59,253 | €181,391 | +€122,138 | +206% |
| Profit (loss) for the period before taxes | 9903 | -€1,084,111 | -€453,827 | +€630,284 | +58.1% |
| Income taxes | 67/77 | €314 | -€49 | -€363 | |
| Profit (loss) for the period | 9904 | -€1,084,425 | -€453,778 | +€630,647 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,084,425 | -€453,778 | +€630,647 | +58.2% |
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 15 October 2026 via checked.be.