excacon.: 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.
excacon.
Largest movements
- Cash +€60,395
up €60,395 (+58.3%), from €103,547 to €163,942
mainly Net result for the year (+€82,373) and Depreciation (+€20,912)
- Tangible fixed assets -€18,462
down €18,462 (-26.8%), from €68,782 to €50,320
of which Leasing and similar rights: -€19,480
- Receivables within one year -€11,544
down €11,544 (-29.3%), from €39,394 to €27,850
of which Trade receivables: -€10,987
- Reserves +€62,373
up €62,373 (+78.5%), from €79,483 to €141,856
- Trade debts -€20,182
down €20,182 (-75.4%), from €26,751 to €6,569
- Debts after one year -€17,463
down €17,463 (-38.1%), from €45,870 to €28,407
- Tax, wage and social debts +€4,822
up €4,822 (+24.6%), from €19,626 to €24,447
- Gross operating margin +€74,051
up €74,051 (+91.2%), from €81,229 to €155,280
- Taxes +€19,230
up €19,230 (+164%), from €11,717 to €30,947
- Other operating charges -€1,808
down €1,808 (-44.1%), from €4,101 to €2,293
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 | €214,299 | €244,942 | +€30,643 | +14.3% |
| Fixed assets | 21/28 | €69,448 | €51,318 | -€18,130 | -26.1% |
| Tangible fixed assets | 22/27 | €68,782 | €50,320 | -€18,462 | -26.8% |
| Furniture and vehicles | 24 | €683 | €1,700 | +€1,017 | +149% |
| Leasing and similar rights | 25 | €68,099 | €48,619 | -€19,480 | -28.6% |
| Financial fixed assets | 28 | €666 | €998 | +€333 | +50.0% |
| Current assets | 29/58 | €144,851 | €193,624 | +€48,773 | +33.7% |
| Amounts receivable within one year | 40/41 | €39,394 | €27,850 | -€11,544 | -29.3% |
| Trade receivables | 40 | €19,557 | €8,570 | -€10,987 | -56.2% |
| Other amounts receivable | 41 | €19,837 | €19,280 | -€557 | -2.8% |
| Cash at bank and in hand | 54/58 | €103,547 | €163,942 | +€60,395 | +58.3% |
| Deferred charges and accrued income | 490/1 | €1,910 | €1,832 | -€78 | -4.1% |
| Total equity and liabilities | 10/49 | €214,299 | €244,942 | +€30,643 | +14.3% |
| Equity | 10/15 | €85,683 | €148,056 | +€62,373 | +72.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,483 | €141,856 | +€62,373 | +78.5% |
| Distributable reserves | 133 | €79,483 | €141,856 | +€62,373 | +78.5% |
| Amounts payable | 17/49 | €128,616 | €96,886 | -€31,730 | -24.7% |
| Amounts payable after more than one year | 17 | €45,870 | €28,407 | -€17,463 | -38.1% |
| Financial debts | 170/4 | €45,870 | €28,407 | -€17,463 | -38.1% |
| Amounts payable within one year | 42/48 | €82,746 | €68,479 | -€14,267 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €16,369 | €17,463 | +€1,094 | +6.7% |
| Trade debts | 44 | €26,751 | €6,569 | -€20,182 | -75.4% |
| Suppliers | 440/4 | €26,751 | €6,569 | -€20,182 | -75.4% |
| Taxes, remuneration and social security | 45 | €19,626 | €24,447 | +€4,822 | +24.6% |
| Taxes | 450/3 | €19,626 | €24,447 | +€4,822 | +24.6% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,979 | +€3,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,775 | €20,912 | -€863 | -4.0% |
| Other operating charges | 640/8 | €4,101 | €2,293 | -€1,808 | -44.1% |
| Non-recurring operating charges | 66A | - | €14,916 | +€14,916 | |
| Gross operating margin | 9900 | €81,229 | €155,280 | +€74,051 | +91.2% |
| Operating profit (loss) | 9901 | €55,353 | €117,159 | +€61,807 | +112% |
| Financial income | 75/76B | €1,419 | €145 | -€1,274 | -89.8% |
| Recurring financial income | 75 | €1,419 | €145 | -€1,274 | -89.8% |
| Financial charges | 65/66B | €4,679 | €3,984 | -€695 | -14.8% |
| Recurring financial charges | 65 | €4,679 | €3,984 | -€695 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €52,093 | €113,320 | +€61,227 | +118% |
| Income taxes | 67/77 | €11,717 | €30,947 | +€19,230 | +164% |
| Profit (loss) for the period | 9904 | €40,376 | €82,373 | +€41,997 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €40,376 | €82,373 | +€41,997 | +104% |
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 14 October 2026 via checked.be.