Examco: 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.
Examco
Largest movements
- Cash +€12,028
up €12,028 (+65.2%), from €18,437 to €30,465
mainly Advances received (+€44,688) and Receivables within one year (+€1,373)
- Receivables within one year -€1,373
down €1,373 (-100%), from €1,373 to €0
of which Trade receivables: -€1,373
- Tangible fixed assets +€987
up €987 (+415%), from €238 to €1,225
- Advances received +€44,688
up €44,688 (+99.6%), from €44,887 to €89,575
- Profit (loss) carried forward -€30,118
down €30,118 (-92.3%), from -€32,630 to -€62,748
- Tax, wage and social debts -€2,308
down €2,308 (-82.3%), from €2,803 to €495
of which Remuneration and social security: -€1,320
- Trade debts -€384
down €384 (-51.3%), from €750 to €365
- Gross operating margin -€15,675
down €15,675 (-293%), from -€5,354 to -€21,029
- Staff costs +€499
up €499 (+7.6%), from €6,575 to €7,075
- Other operating charges +€213
up €213 (+19.6%), from €1,085 to €1,298
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 | €20,048 | €31,690 | +€11,642 | +58.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €238 | €1,225 | +€987 | +415% |
| Tangible fixed assets | 22/27 | €238 | €1,225 | +€987 | +415% |
| Plant, machinery and equipment | 23 | €238 | €1,225 | +€987 | +415% |
| Current assets | 29/58 | €19,810 | €30,465 | +€10,655 | +53.8% |
| Amounts receivable within one year | 40/41 | €1,373 | €0 | -€1,373 | -100% |
| Trade receivables | 40 | €1,373 | €0 | -€1,373 | -100% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €18,437 | €30,465 | +€12,028 | +65.2% |
| Total equity and liabilities | 10/49 | €20,048 | €31,690 | +€11,642 | +58.1% |
| Equity | 10/15 | -€28,630 | -€58,748 | -€30,118 | -105% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,630 | -€62,748 | -€30,118 | -92.3% |
| Amounts payable | 17/49 | €48,678 | €90,439 | +€41,761 | +85.8% |
| Amounts payable within one year | 42/48 | €48,678 | €90,439 | +€41,761 | +85.8% |
| Trade debts | 44 | €750 | €365 | -€384 | -51.3% |
| Suppliers | 440/4 | €750 | €365 | -€384 | -51.3% |
| Advances received on contracts in progress | 46 | €44,887 | €89,575 | +€44,688 | +99.6% |
| Taxes, remuneration and social security | 45 | €2,803 | €495 | -€2,308 | -82.3% |
| Taxes | 450/3 | €1,483 | €495 | -€988 | -66.6% |
| Remuneration and social security | 454/9 | €1,320 | €0 | -€1,320 | -100% |
| Other amounts payable | 47/48 | €237 | €3 | -€234 | -98.7% |
| Remuneration, social security and pensions | 62 | €6,575 | €7,075 | +€499 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €797 | €677 | -€120 | -15.1% |
| Other operating charges | 640/8 | €1,085 | €1,298 | +€213 | +19.6% |
| Gross operating margin | 9900 | -€5,354 | -€21,029 | -€15,675 | -293% |
| Operating profit (loss) | 9901 | -€13,812 | -€30,078 | -€16,266 | -118% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,855 | -€30,118 | -€16,263 | -117% |
| Profit (loss) for the period | 9904 | -€13,855 | -€30,118 | -€16,263 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,855 | -€30,118 | -€16,263 | -117% |
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.