EXALTO: 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.
EXALTO
Largest movements
- Receivables within one year -€100
down €100 (-41.1%), from €243 to €143
- Cash -€61
down €61 (-95.3%), from €64 to €3
mainly Net result for the year (-€961)
- Profit (loss) carried forward -€961
down €961 (-0.1%), from -€974,422 to -€975,383
- Other debts +€650
up €650 (+0.1%), from €721,368 to €722,018
- Trade debts +€150
up €150 (+0.1%), from €112,765 to €112,915
- Gross operating margin +€2.7m
up €2.7m (+100.0%), from -€2.7m to -€531
- Write-downs +€2.2m
no longer reported in 2025 (was -€2.2m)
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 | €4,839 | €4,678 | -€161 | -3.3% |
| Current assets | 29/58 | €4,839 | €4,678 | -€161 | -3.3% |
| Stocks and contracts in progress | 3 | €4,531 | €4,531 | = | 0.0% |
| Stocks | 30/36 | €4,531 | €4,531 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €243 | €143 | -€100 | -41.1% |
| Other amounts receivable | 41 | €243 | €143 | -€100 | -41.1% |
| Cash at bank and in hand | 54/58 | €64 | €3 | -€61 | -95.3% |
| Total equity and liabilities | 10/49 | €4,839 | €4,678 | -€161 | -3.3% |
| Equity | 10/15 | -€829,294 | -€830,255 | -€961 | -0.1% |
| Contributions | 10/11 | €136,362 | €136,362 | = | 0.0% |
| Capital | 10 | €136,362 | €136,362 | = | 0.0% |
| Issued capital | 100 | €136,362 | €136,362 | = | 0.0% |
| Reserves | 13 | €8,766 | €8,766 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,077 | €2,077 | = | 0.0% |
| Legal reserve | 130 | €2,077 | €2,077 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,389 | €3,389 | = | 0.0% |
| Distributable reserves | 133 | €3,301 | €3,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€974,422 | -€975,383 | -€961 | -0.1% |
| Amounts payable | 17/49 | €834,133 | €834,933 | +€800 | +0.1% |
| Amounts payable within one year | 42/48 | €834,133 | €834,933 | +€800 | +0.1% |
| Trade debts | 44 | €112,765 | €112,915 | +€150 | +0.1% |
| Suppliers | 440/4 | €112,765 | €112,915 | +€150 | +0.1% |
| Other amounts payable | 47/48 | €721,368 | €722,018 | +€650 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,238,477 | - | +€2.2m | |
| Other operating charges | 640/8 | €5,945 | €150 | -€5,795 | -97.5% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€2,738,729 | -€531 | +€2.7m | +100.0% |
| Operating profit (loss) | 9901 | -€506,197 | -€781 | +€505,416 | +99.8% |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€506,347 | -€961 | +€505,386 | +99.8% |
| Profit (loss) for the period | 9904 | -€506,347 | -€961 | +€505,386 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€506,347 | -€961 | +€505,386 | +99.8% |
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 5 October 2026 via checked.be.