EXCiPACT: 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.
EXCiPACT
Largest movements
- Cash +€152,699
up €152,699 (+14.3%), from €1.1m to €1.2m
mainly Net result for the year (+€185,899) and Trade debts (+€16,226)
- Deferred charges and accrued income +€23,167
up €23,167 (+820%), from €2,825 to €25,992
- Profit (loss) carried forward +€185,899
up €185,899 (+16.6%), from €1.1m to €1.3m
- Accrued charges and deferred income -€20,201
down €20,201 (-73.6%), from €27,461 to €7,260
- Trade debts +€16,226
up €16,226 (+602%), from €2,697 to €18,922
- Gross operating margin -€38,405
down €38,405 (-16.2%), from €236,431 to €198,026
- Financial charges +€9,095
up €9,095 (+298%), from €3,053 to €12,147
- Financial income -€3,833
down €3,833 (-99.5%), from €3,853 to €21
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 | €1,166,549 | €1,348,472 | +€181,924 | +15.6% |
| Current assets | 29/58 | €1,166,549 | €1,348,472 | +€181,924 | +15.6% |
| Amounts receivable within one year | 40/41 | €95,244 | €101,302 | +€6,058 | +6.4% |
| Trade receivables | 40 | €81,049 | €85,357 | +€4,308 | +5.3% |
| Other amounts receivable | 41 | €14,196 | €15,945 | +€1,750 | +12.3% |
| Cash at bank and in hand | 54/58 | €1,068,479 | €1,221,178 | +€152,699 | +14.3% |
| Deferred charges and accrued income | 490/1 | €2,825 | €25,992 | +€23,167 | +820% |
| Total equity and liabilities | 10/49 | €1,166,549 | €1,348,472 | +€181,924 | +15.6% |
| Equity | 10/15 | €1,136,391 | €1,322,290 | +€185,899 | +16.4% |
| Contributions | 10/11 | €13,684 | €13,684 | = | 0.0% |
| Capital | 10 | €13,684 | €13,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,122,707 | €1,308,606 | +€185,899 | +16.6% |
| Amounts payable | 17/49 | €30,158 | €26,182 | -€3,976 | -13.2% |
| Amounts payable within one year | 42/48 | €2,697 | €18,922 | +€16,226 | +602% |
| Trade debts | 44 | €2,697 | €18,922 | +€16,226 | +602% |
| Suppliers | 440/4 | €2,697 | €18,922 | +€16,226 | +602% |
| Accrued charges and deferred income | 492/3 | €27,461 | €7,260 | -€20,201 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | - | -€1,216 | |
| Gross operating margin | 9900 | €236,431 | €198,026 | -€38,405 | -16.2% |
| Operating profit (loss) | 9901 | €235,215 | €198,026 | -€37,189 | -15.8% |
| Financial income | 75/76B | €3,853 | €21 | -€3,833 | -99.5% |
| Recurring financial income | 75 | €3,853 | €21 | -€3,833 | -99.5% |
| Financial charges | 65/66B | €3,053 | €12,147 | +€9,095 | +298% |
| Recurring financial charges | 65 | €3,053 | €12,147 | +€9,095 | +298% |
| Profit (loss) for the period before taxes | 9903 | €236,016 | €185,899 | -€50,117 | -21.2% |
| Profit (loss) for the period | 9904 | €236,016 | €185,899 | -€50,117 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €236,016 | €185,899 | -€50,117 | -21.2% |
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.