Excentis: 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.
Excentis
Largest movements
- Current investments -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Receivables within one year +€537,079
up €537,079 (+49.4%), from €1.1m to €1.6m
of which Trade receivables: +€550,571
- Intangible fixed assets +€212,511
up €212,511 (+33.9%), from €627,693 to €840,203
- Stocks and contracts -€76,816
down €76,816 (-24.6%), from €312,364 to €235,548
- Debts after one year -€240,000
down €240,000 (-23.8%), from €1.0m to €770,000
- Profit (loss) carried forward +€183,052
up €183,052 (+31.4%), from €583,709 to €766,761
- Trade debts -€171,651
down €171,651 (-22.6%), from €757,870 to €586,219
- Accrued charges and deferred income -€101,101
down €101,101 (-21.0%), from €481,395 to €380,294
- Tax, wage and social debts -€39,604
down €39,604 (-14.9%), from €266,313 to €226,709
- Staff costs -€1.8m
down €1.8m (-44.9%), from €4.0m to €2.2m
- Gross operating margin +€226,007
up €226,007 (+9.6%), from €2.3m to €2.6m
- Financial income -€159,604
down €159,604 (-75.6%), from €211,144 to €51,540
- Depreciation +€55,791
up €55,791 (+41.5%), from €134,393 to €190,184
- Financial charges -€32,821
down €32,821 (-39.8%), from €82,506 to €49,685
of which Financial charges: -€27,932
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 | €3,356,674 | €2,997,944 | -€358,730 | -10.7% |
| Fixed assets | 21/28 | €774,127 | €1,010,689 | +€236,562 | +30.6% |
| Intangible fixed assets | 21 | €627,693 | €840,203 | +€212,511 | +33.9% |
| Tangible fixed assets | 22/27 | €137,882 | €140,957 | +€3,074 | +2.2% |
| Land and buildings | 22 | €7,495 | - | -€7,495 | |
| Plant, machinery and equipment | 23 | €117,551 | €76,815 | -€40,736 | -34.7% |
| Furniture and vehicles | 24 | €11,560 | €53,654 | +€42,093 | +364.1% |
| Leasing and similar rights | 25 | €93 | €0 | -€93 | -100.0% |
| Other tangible fixed assets | 26 | €1,183 | €10,488 | +€9,305 | +786.4% |
| Financial fixed assets | 28 | €8,552 | €29,529 | +€20,977 | +245.3% |
| Current assets | 29/58 | €2,582,546 | €1,987,254 | -€595,292 | -23.1% |
| Amounts receivable after more than one year | 29 | €4,478 | €8,873 | +€4,395 | +98.1% |
| Other amounts receivable | 291 | €4,478 | €8,873 | +€4,395 | +98.1% |
| Stocks and contracts in progress | 3 | €312,364 | €235,548 | -€76,816 | -24.6% |
| Stocks | 30/36 | €312,364 | €235,548 | -€76,816 | -24.6% |
| Amounts receivable within one year | 40/41 | €1,087,786 | €1,624,865 | +€537,079 | +49.4% |
| Trade receivables | 40 | €1,001,830 | €1,552,401 | +€550,571 | +55.0% |
| Other amounts receivable | 41 | €85,956 | €72,464 | -€13,492 | -15.7% |
| Current investments | 50/53 | €1,043,691 | €0 | -€1.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €74,491 | €69,434 | -€5,057 | -6.8% |
| Deferred charges and accrued income | 490/1 | €59,738 | €48,535 | -€11,203 | -18.8% |
| Total equity and liabilities | 10/49 | €3,356,674 | €2,997,944 | -€358,730 | -10.7% |
| Equity | 10/15 | €651,909 | €834,961 | +€183,052 | +28.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €583,709 | €766,761 | +€183,052 | +31.4% |
| Amounts payable | 17/49 | €2,704,764 | €2,162,982 | -€541,782 | -20.0% |
| Amounts payable after more than one year | 17 | €1,010,000 | €770,000 | -€240,000 | -23.8% |
| Financial debts | 170/4 | €1,010,000 | €770,000 | -€240,000 | -23.8% |
| Amounts payable within one year | 42/48 | €1,213,369 | €1,012,688 | -€200,681 | -16.5% |
| Trade debts | 44 | €757,870 | €586,219 | -€171,651 | -22.6% |
| Suppliers | 440/4 | €757,870 | €586,219 | -€171,651 | -22.6% |
| Taxes, remuneration and social security | 45 | €266,313 | €226,709 | -€39,604 | -14.9% |
| Remuneration and social security | 454/9 | €266,313 | €226,709 | -€39,604 | -14.9% |
| Other amounts payable | 47/48 | €189,186 | €199,760 | +€10,574 | +5.6% |
| Accrued charges and deferred income | 492/3 | €481,395 | €380,294 | -€101,101 | -21.0% |
| Remuneration, social security and pensions | 62 | €3,979,528 | €2,194,011 | -€1.8m | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,393 | €190,184 | +€55,791 | +41.5% |
| Other operating charges | 640/8 | €9,240 | €9,427 | +€187 | +2.0% |
| Gross operating margin | 9900 | €2,349,550 | €2,575,557 | +€226,007 | +9.6% |
| Operating profit (loss) | 9901 | -€1,773,611 | €181,935 | +€2.0m | |
| Financial income | 75/76B | €211,144 | €51,540 | -€159,604 | -75.6% |
| Recurring financial income | 75 | €211,144 | €51,540 | -€159,604 | -75.6% |
| Financial charges | 65/66B | €82,506 | €49,685 | -€32,821 | -39.8% |
| Recurring financial charges | 65 | €77,617 | €49,685 | -€27,932 | -36.0% |
| Non-recurring financial charges | 66B | €4,889 | €0 | -€4,889 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,644,973 | €183,790 | +€1.8m | |
| Income taxes | 67/77 | €1,863 | €738 | -€1,125 | -60.4% |
| Profit (loss) for the period | 9904 | -€1,646,836 | €183,052 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,646,836 | €183,052 | +€1.8m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.