Exceptra: 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.
Exceptra
Largest movements
- Tangible fixed assets +€451,086
up €451,086 (+217%), from €207,846 to €658,932
of which Leasing and similar rights: +€262,643
- Cash -€46,585
down €46,585 (-43.2%), from €107,728 to €61,143
mainly Investment in fixed assets (net) (-€610,421) and Receivables within one year (-€25,329)
- Receivables within one year +€25,329
up €25,329 (+5.6%), from €453,192 to €478,521
of which Other amounts receivable: +€15,000
- Debts after one year +€158,344
up €158,344 (+142%), from €111,179 to €269,522
- Reserves +€110,302
up €110,302 (+62.8%), from €175,630 to €285,932
of which Tax-exempt reserves: +€222,000
- Trade debts +€94,842
up €94,842 (+30.4%), from €311,927 to €406,769
- Current portion of long-term debt +€70,794
up €70,794 (+110%), from €64,649 to €135,443
- Gross operating margin +€59,517
up €59,517 (+13.5%), from €440,793 to €500,310
- Depreciation +€44,030
up €44,030 (+38.2%), from €115,305 to €159,334
- Taxes -€30,343
down €30,343 (-100%), from €30,343 to €0
- Staff costs +€9,012
up €9,012 (+5.5%), from €163,035 to €172,047
- Financial charges +€6,267
up €6,267 (+70.2%), from €8,923 to €15,190
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 | €784,666 | €1,208,564 | +€423,897 | +54.0% |
| Fixed assets | 21/28 | €208,251 | €659,337 | +€451,086 | +217% |
| Tangible fixed assets | 22/27 | €207,846 | €658,932 | +€451,086 | +217% |
| Furniture and vehicles | 24 | €15,056 | €241,499 | +€226,443 | +1,504% |
| Leasing and similar rights | 25 | €154,791 | €417,434 | +€262,643 | +170% |
| Assets under construction and advance payments | 27 | €38,000 | €0 | -€38,000 | -100% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €576,415 | €549,227 | -€27,189 | -4.7% |
| Amounts receivable within one year | 40/41 | €453,192 | €478,521 | +€25,329 | +5.6% |
| Trade receivables | 40 | €453,192 | €463,521 | +€10,329 | +2.3% |
| Other amounts receivable | 41 | €0 | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €107,728 | €61,143 | -€46,585 | -43.2% |
| Deferred charges and accrued income | 490/1 | €15,496 | €9,563 | -€5,933 | -38.3% |
| Total equity and liabilities | 10/49 | €784,666 | €1,208,564 | +€423,897 | +54.0% |
| Equity | 10/15 | €235,630 | €345,932 | +€110,302 | +46.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €175,630 | €285,932 | +€110,302 | +62.8% |
| Tax-exempt reserves | 132 | - | €222,000 | +€222,000 | |
| Distributable reserves | 133 | €175,630 | €63,932 | -€111,698 | -63.6% |
| Amounts payable | 17/49 | €549,037 | €862,632 | +€313,595 | +57.1% |
| Amounts payable after more than one year | 17 | €111,179 | €269,522 | +€158,344 | +142% |
| Financial debts | 170/4 | €111,179 | €269,522 | +€158,344 | +142% |
| Amounts payable within one year | 42/48 | €436,058 | €587,720 | +€151,662 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €64,649 | €135,443 | +€70,794 | +110% |
| Financial debts | 43 | €5,071 | €0 | -€5,071 | -100% |
| Credit institutions | 430/8 | €5,071 | €0 | -€5,071 | -100% |
| Trade debts | 44 | €311,927 | €406,769 | +€94,842 | +30.4% |
| Suppliers | 440/4 | €311,927 | €406,769 | +€94,842 | +30.4% |
| Taxes, remuneration and social security | 45 | €54,412 | €45,509 | -€8,903 | -16.4% |
| Taxes | 450/3 | €38,971 | €29,621 | -€9,350 | -24.0% |
| Remuneration and social security | 454/9 | €15,440 | €15,888 | +€447 | +2.9% |
| Accrued charges and deferred income | 492/3 | €1,800 | €5,390 | +€3,590 | +199% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €163,035 | €172,047 | +€9,012 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,305 | €159,334 | +€44,030 | +38.2% |
| Other operating charges | 640/8 | €46,660 | €43,437 | -€3,223 | -6.9% |
| Gross operating margin | 9900 | €440,793 | €500,310 | +€59,517 | +13.5% |
| Operating profit (loss) | 9901 | €115,794 | €125,492 | +€9,698 | +8.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €8,923 | €15,190 | +€6,267 | +70.2% |
| Recurring financial charges | 65 | €8,923 | €15,190 | +€6,267 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €106,871 | €110,302 | +€3,431 | +3.2% |
| Income taxes | 67/77 | €30,343 | €0 | -€30,343 | -100% |
| Profit (loss) for the period | 9904 | €76,528 | €110,302 | +€33,774 | +44.1% |
| Transfer to tax-exempt reserves | 689 | - | €222,000 | +€222,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,528 | -€111,698 | -€188,226 |
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 18 October 2026 via checked.be.