exCit: 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.
What changed
exCit
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,254
2024 · €42,641-€41,387
Equity
€285,295
2024 · €284,041+€1,254
Cash
€0
2024 · €2-€2
Balance sheet total
€391,075
2024 · €363,180+€27,895
Largest movements
Assets
- Receivables within one year +€31,376
up €31,376 (+13.4%), from €233,376 to €264,752
of which Other amounts receivable: +€32,284
Equity and liabilities
- Current portion of long-term debt +€22,263
new in 2025: €22,263
- Debts after one year +€12,037
new in 2025: €12,037
- Short-term financial debts -€4,979
down €4,979 (-49.2%), from €10,129 to €5,150
Income statement
- Gross operating margin -€42,866
down €42,866 (-56.8%), from €75,460 to €32,594
- Taxes -€23,172
down €23,172 (-95.5%), from €24,274 to €1,103
- Financial charges +€21,372
up €21,372 (+573%), from €3,730 to €25,102
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.
Result 2024
€42,641
Gross operating margin
-€42,866
Depreciation
+€95
Other operating charges
-€279
Financial income
-€137
Financial charges
-€21,372
Taxes
+€23,172
Result 2025
€1,254
raises the resultlowers the result
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.
From operations
-€29,322
Investment
€0
Financing
+€29,321
Cash 2024
€2
From operations (derived)
-€29,322
Net result for the year
+€1,254
Depreciation
+€3,479
Receivables within one year
-€31,376
Trade debts
-€1,753
Tax, wage and social debts
-€926
Financing
+€29,321
Debts after one year
+€12,037
Current portion of long-term debt
+€22,263
Short-term financial debts
-€4,979
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,180 | €391,075 | +€27,895 | +7.7% |
| Fixed assets | 21/28 | €9,802 | €6,323 | -€3,479 | -35.5% |
| Tangible fixed assets | 22/27 | €9,122 | €5,643 | -€3,479 | -38.1% |
| Plant, machinery and equipment | 23 | €133 | €26 | -€107 | -80.6% |
| Furniture and vehicles | 24 | €8,989 | €5,617 | -€3,372 | -37.5% |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €353,378 | €384,752 | +€31,375 | +8.9% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €233,376 | €264,752 | +€31,376 | +13.4% |
| Trade receivables | 40 | €4,538 | €3,630 | -€908 | -20.0% |
| Other amounts receivable | 41 | €228,839 | €261,122 | +€32,284 | +14.1% |
| Cash at bank and in hand | 54/58 | €2 | €0 | -€2 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €363,180 | €391,075 | +€27,895 | +7.7% |
| Equity | 10/15 | €284,041 | €285,295 | +€1,254 | +0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €171,067 | €172,321 | +€1,254 | +0.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €169,067 | €170,321 | +€1,254 | +0.7% |
| Profit (loss) carried forward | 14 | €92,974 | €92,974 | = | 0.0% |
| Amounts payable | 17/49 | €79,139 | €105,780 | +€26,641 | +33.7% |
| Amounts payable after more than one year | 17 | - | €12,037 | +€12,037 | |
| Financial debts | 170/4 | - | €12,037 | +€12,037 | |
| Amounts payable within one year | 42/48 | €79,139 | €93,743 | +€14,604 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | - | €22,263 | +€22,263 | |
| Financial debts | 43 | €10,129 | €5,150 | -€4,979 | -49.2% |
| Credit institutions | 430/8 | €10,129 | €5,150 | -€4,979 | -49.2% |
| Trade debts | 44 | €6,077 | €4,324 | -€1,753 | -28.9% |
| Suppliers | 440/4 | €6,077 | €4,324 | -€1,753 | -28.9% |
| Taxes, remuneration and social security | 45 | €62,933 | €62,007 | -€926 | -1.5% |
| Taxes | 450/3 | €62,933 | €62,007 | -€926 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,574 | €3,479 | -€95 | -2.7% |
| Other operating charges | 640/8 | €1,392 | €1,671 | +€279 | +20.0% |
| Gross operating margin | 9900 | €75,460 | €32,594 | -€42,866 | -56.8% |
| Operating profit (loss) | 9901 | €70,493 | €27,444 | -€43,049 | -61.1% |
| Financial income | 75/76B | €152 | €15 | -€137 | -90.4% |
| Recurring financial income | 75 | €152 | €15 | -€137 | -90.4% |
| Financial charges | 65/66B | €3,730 | €25,102 | +€21,372 | +573% |
| Recurring financial charges | 65 | €3,730 | €25,102 | +€21,372 | +573% |
| Profit (loss) for the period before taxes | 9903 | €66,915 | €2,357 | -€64,558 | -96.5% |
| Income taxes | 67/77 | €24,274 | €1,103 | -€23,172 | -95.5% |
| Profit (loss) for the period | 9904 | €42,641 | €1,254 | -€41,387 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,641 | €1,254 | -€41,387 | -97.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.