EXANNE: 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.
EXANNE
Largest movements
- Receivables after one year -€216,812
down €216,812 (-47.0%), from €460,812 to €244,000
- Cash +€201,552
up €201,552 (+629.1%), from €32,039 to €233,592
mainly Receivables after one year (+€216,812) and Other debts (+€80,000)
- Tangible fixed assets +€27,885
up €27,885 (+43.5%), from €64,088 to €91,973
of which Furniture and vehicles: +€14,581
- Receivables within one year +€7,785
up €7,785 (+2415.8%), from €322 to €8,107
of which Other amounts receivable: +€7,785
- Profit (loss) carried forward -€94,876
down €94,876 (-25.4%), from -€373,285 to -€468,161
- Other debts +€80,000
up €80,000 (+8.7%), from €917,392 to €997,392
- Tax, wage and social debts +€21,067
up €21,067 (+499.5%), from €4,218 to €25,285
of which Taxes: +€15,788
- Trade debts +€14,344
up €14,344 (+126.7%), from €11,322 to €25,666
- Gross operating margin +€83,961
up €83,961, from -€12,582 to €71,379
- Financial income +€25,659
new in 2025: €25,659
- Staff costs +€19,507
up €19,507 (+12.4%), from €157,006 to €176,513
- Depreciation +€5,159
up €5,159 (+60.1%), from €8,589 to €13,749
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 | €559,647 | €580,182 | +€20,535 | +3.7% |
| Fixed assets | 21/28 | €66,088 | €93,973 | +€27,885 | +42.2% |
| Tangible fixed assets | 22/27 | €64,088 | €91,973 | +€27,885 | +43.5% |
| Plant, machinery and equipment | 23 | €1,623 | €1,608 | -€15 | -0.9% |
| Furniture and vehicles | 24 | €24,342 | €38,923 | +€14,581 | +59.9% |
| Other tangible fixed assets | 26 | €3,565 | €16,885 | +€13,320 | +373.6% |
| Assets under construction and advance payments | 27 | €34,558 | €34,558 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €493,559 | €486,209 | -€7,350 | -1.5% |
| Amounts receivable after more than one year | 29 | €460,812 | €244,000 | -€216,812 | -47.0% |
| Other amounts receivable | 291 | €460,812 | €244,000 | -€216,812 | -47.0% |
| Amounts receivable within one year | 40/41 | €322 | €8,107 | +€7,785 | +2415.8% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €322 | €8,107 | +€7,785 | +2415.8% |
| Cash at bank and in hand | 54/58 | €32,039 | €233,592 | +€201,552 | +629.1% |
| Deferred charges and accrued income | 490/1 | €385 | €510 | +€125 | +32.4% |
| Total equity and liabilities | 10/49 | €559,647 | €580,182 | +€20,535 | +3.7% |
| Equity | 10/15 | -€373,285 | -€468,161 | -€94,876 | -25.4% |
| Profit (loss) carried forward | 14 | -€373,285 | -€468,161 | -€94,876 | -25.4% |
| Amounts payable | 17/49 | €932,932 | €1,048,343 | +€115,411 | +12.4% |
| Amounts payable within one year | 42/48 | €932,932 | €1,048,343 | +€115,411 | +12.4% |
| Trade debts | 44 | €11,322 | €25,666 | +€14,344 | +126.7% |
| Suppliers | 440/4 | €11,322 | €25,666 | +€14,344 | +126.7% |
| Taxes, remuneration and social security | 45 | €4,218 | €25,285 | +€21,067 | +499.5% |
| Taxes | 450/3 | €0 | €15,788 | +€15,788 | |
| Remuneration and social security | 454/9 | €4,218 | €9,496 | +€5,279 | +125.2% |
| Other amounts payable | 47/48 | €917,392 | €997,392 | +€80,000 | +8.7% |
| Remuneration, social security and pensions | 62 | €157,006 | €176,513 | +€19,507 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,589 | €13,749 | +€5,159 | +60.1% |
| Other operating charges | 640/8 | €758 | €1,136 | +€378 | +49.8% |
| Gross operating margin | 9900 | -€12,582 | €71,379 | +€83,961 | |
| Operating profit (loss) | 9901 | -€178,935 | -€120,018 | +€58,917 | +32.9% |
| Financial income | 75/76B | - | €25,659 | +€25,659 | |
| Recurring financial income | 75 | - | €25,659 | +€25,659 | |
| Financial charges | 65/66B | €1,117 | €517 | -€600 | -53.7% |
| Recurring financial charges | 65 | €1,117 | €517 | -€600 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | -€180,052 | -€94,876 | +€85,176 | +47.3% |
| Profit (loss) for the period | 9904 | -€180,052 | -€94,876 | +€85,176 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€180,052 | -€94,876 | +€85,176 | +47.3% |
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 9 October 2026 via checked.be.