EXCIS SERVICES: 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.
EXCIS SERVICES
Largest movements
- Receivables within one year -€43,353
down €43,353 (-55.4%), from €78,185 to €34,832
of which Trade receivables: -€27,817
- Cash +€19,278
up €19,278 (+200%), from €9,652 to €28,930
mainly Receivables within one year (+€43,353) and Tax, wage and social debts (+€19,896)
- Deferred charges and accrued income -€1,961
down €1,961 (-9.4%), from €20,873 to €18,912
- Other debts -€38,979
down €38,979 (-97.9%), from €39,824 to €846
- Tax, wage and social debts +€19,896
up €19,896 (+95.2%), from €20,897 to €40,793
of which Taxes: +€16,168
- Accrued charges and deferred income -€19,835
no longer reported in 2025 (was €19,835)
- Reserves +€14,502
up €14,502 (+67.8%), from €21,383 to €35,885
- Current portion of long-term debt -€1,206
no longer reported in 2025 (was €1,206)
- Gross operating margin -€51,060
down €51,060 (-62.5%), from €81,635 to €30,575
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 | €118,619 | €92,636 | -€25,983 | -21.9% |
| Fixed assets | 21/28 | €9,909 | €9,963 | +€53 | +0.5% |
| Tangible fixed assets | 22/27 | €9,909 | €9,963 | +€53 | +0.5% |
| Plant, machinery and equipment | 23 | €2,471 | €2,377 | -€94 | -3.8% |
| Furniture and vehicles | 24 | €1,085 | - | -€1,085 | |
| Other tangible fixed assets | 26 | €6,354 | €7,586 | +€1,232 | +19.4% |
| Current assets | 29/58 | €108,710 | €82,673 | -€26,037 | -24.0% |
| Amounts receivable within one year | 40/41 | €78,185 | €34,832 | -€43,353 | -55.4% |
| Trade receivables | 40 | €62,604 | €34,788 | -€27,817 | -44.4% |
| Other amounts receivable | 41 | €15,581 | €45 | -€15,537 | -99.7% |
| Cash at bank and in hand | 54/58 | €9,652 | €28,930 | +€19,278 | +200% |
| Deferred charges and accrued income | 490/1 | €20,873 | €18,912 | -€1,961 | -9.4% |
| Total equity and liabilities | 10/49 | €118,619 | €92,636 | -€25,983 | -21.9% |
| Equity | 10/15 | €33,783 | €48,285 | +€14,502 | +42.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,383 | €35,885 | +€14,502 | +67.8% |
| Distributable reserves | 133 | €21,383 | €35,885 | +€14,502 | +67.8% |
| Amounts payable | 17/49 | €84,836 | €44,351 | -€40,485 | -47.7% |
| Amounts payable within one year | 42/48 | €65,001 | €44,351 | -€20,650 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €1,206 | - | -€1,206 | |
| Trade debts | 44 | €3,074 | €2,712 | -€362 | -11.8% |
| Suppliers | 440/4 | €3,074 | €2,712 | -€362 | -11.8% |
| Taxes, remuneration and social security | 45 | €20,897 | €40,793 | +€19,896 | +95.2% |
| Taxes | 450/3 | €20,897 | €37,065 | +€16,168 | +77.4% |
| Remuneration and social security | 454/9 | - | €3,728 | +€3,728 | |
| Other amounts payable | 47/48 | €39,824 | €846 | -€38,979 | -97.9% |
| Accrued charges and deferred income | 492/3 | €19,835 | - | -€19,835 | |
| Non-recurring operating income | 76A | €47,604 | - | -€47,604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,520 | €4,503 | -€17 | -0.4% |
| Other operating charges | 640/8 | €1,129 | €1,190 | +€61 | +5.4% |
| Non-recurring operating charges | 66A | €47,604 | - | -€47,604 | |
| Gross operating margin | 9900 | €81,635 | €30,575 | -€51,060 | -62.5% |
| Operating profit (loss) | 9901 | €28,382 | €24,882 | -€3,500 | -12.3% |
| Financial income | 75/76B | €496 | €430 | -€66 | -13.4% |
| Recurring financial income | 75 | €496 | €430 | -€66 | -13.4% |
| Financial charges | 65/66B | €1,292 | €1,787 | +€495 | +38.3% |
| Recurring financial charges | 65 | €1,292 | €1,787 | +€495 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €27,586 | €23,525 | -€4,061 | -14.7% |
| Income taxes | 67/77 | €9,768 | €9,023 | -€745 | -7.6% |
| Profit (loss) for the period | 9904 | €17,818 | €14,502 | -€3,316 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,818 | €14,502 | -€3,316 | -18.6% |
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.