EXCITIT: 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.
EXCITIT
Largest movements
- Receivables within one year -€75,231
down €75,231 (-32.5%), from €231,200 to €155,969
of which Other amounts receivable: -€106,068
- Cash -€58,053
down €58,053 (-69.9%), from €83,053 to €24,999
mainly Other debts (-€161,352) and Debts after one year (-€8,000)
- Other debts -€161,352
down €161,352 (-58.3%), from €276,534 to €115,182
- Tax, wage and social debts +€26,154
up €26,154 (+51.9%), from €50,370 to €76,525
of which Remuneration and social security: +€14,700
- Debts after one year -€8,000
down €8,000 (-27.3%), from €29,333 to €21,333
- Staff costs +€87,340
up €87,340 (+32.9%), from €265,552 to €352,891
- Gross operating margin +€84,013
up €84,013 (+30.1%), from €278,707 to €362,721
- Other operating charges -€9,942
down €9,942 (-93.0%), from €10,690 to €748
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 | €387,994 | €251,201 | -€136,793 | -35.3% |
| Fixed assets | 21/28 | €73,479 | €69,729 | -€3,750 | -5.1% |
| Tangible fixed assets | 22/27 | €73,479 | €69,729 | -€3,750 | -5.1% |
| Land and buildings | 22 | €73,479 | €69,729 | -€3,750 | -5.1% |
| Current assets | 29/58 | €314,515 | €181,473 | -€133,043 | -42.3% |
| Amounts receivable within one year | 40/41 | €231,200 | €155,969 | -€75,231 | -32.5% |
| Trade receivables | 40 | €52,539 | €83,376 | +€30,837 | +58.7% |
| Other amounts receivable | 41 | €178,661 | €72,593 | -€106,068 | -59.4% |
| Cash at bank and in hand | 54/58 | €83,053 | €24,999 | -€58,053 | -69.9% |
| Deferred charges and accrued income | 490/1 | €263 | €504 | +€242 | +92.0% |
| Total equity and liabilities | 10/49 | €387,994 | €251,201 | -€136,793 | -35.3% |
| Equity | 10/15 | €21,250 | €22,828 | +€1,577 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,650 | €4,228 | +€1,577 | +59.5% |
| Amounts payable | 17/49 | €366,744 | €228,374 | -€138,370 | -37.7% |
| Amounts payable after more than one year | 17 | €29,333 | €21,333 | -€8,000 | -27.3% |
| Financial debts | 170/4 | €29,333 | €21,333 | -€8,000 | -27.3% |
| Amounts payable within one year | 42/48 | €335,310 | €202,141 | -€133,170 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,000 | -€0 | 0.0% |
| Trade debts | 44 | €406 | €2,434 | +€2,028 | +499.3% |
| Suppliers | 440/4 | €406 | €2,434 | +€2,028 | +499.3% |
| Taxes, remuneration and social security | 45 | €50,370 | €76,525 | +€26,154 | +51.9% |
| Taxes | 450/3 | €9,697 | €21,151 | +€11,454 | +118.1% |
| Remuneration and social security | 454/9 | €40,673 | €55,374 | +€14,700 | +36.1% |
| Other amounts payable | 47/48 | €276,534 | €115,182 | -€161,352 | -58.3% |
| Accrued charges and deferred income | 492/3 | €2,100 | €4,900 | +€2,800 | +133.3% |
| Remuneration, social security and pensions | 62 | €265,552 | €352,891 | +€87,340 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,521 | €3,750 | +€2,229 | +146.5% |
| Other operating charges | 640/8 | €10,690 | €748 | -€9,942 | -93.0% |
| Gross operating margin | 9900 | €278,707 | €362,721 | +€84,013 | +30.1% |
| Operating profit (loss) | 9901 | €944 | €5,331 | +€4,387 | +464.7% |
| Financial income | 75/76B | €33 | €235 | +€202 | +606.6% |
| Recurring financial income | 75 | €33 | €235 | +€202 | +606.6% |
| Financial charges | 65/66B | €592 | €1,664 | +€1,072 | +181.0% |
| Recurring financial charges | 65 | €592 | €1,664 | +€1,072 | +181.0% |
| Profit (loss) for the period before taxes | 9903 | €385 | €3,902 | +€3,517 | +913.1% |
| Income taxes | 67/77 | €14 | €2,325 | +€2,311 | +16809.1% |
| Profit (loss) for the period | 9904 | €371 | €1,577 | +€1,206 | +324.6% |
| Profit (loss) for the period to be appropriated | 9905 | €371 | €1,577 | +€1,206 | +324.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.