Excito: 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.
Excito
Largest movements
- Cash -€42,000
down €42,000 (-14.3%), from €292,980 to €250,980
mainly Contributions, distributions and other (-€208,009) and Receivables within one year (-€22,134)
- Receivables within one year +€22,134
up €22,134 (+24.3%), from €91,176 to €113,310
of which Trade receivables: +€28,250
- Deferred charges and accrued income -€11,598
down €11,598 (-30.7%), from €37,819 to €26,221
- Reserves -€107,751
down €107,751 (-19.5%), from €552,268 to €444,517
- Other debts +€64,923
up €64,923, from €0 to €64,923
- Tax, wage and social debts +€31,890
up €31,890 (+461%), from €6,910 to €38,800
- Trade debts -€18,654
down €18,654 (-77.9%), from €23,952 to €5,298
- Gross operating margin +€51,829
up €51,829 (+46.1%), from €112,338 to €164,167
- Taxes +€22,117
up €22,117 (+62.4%), from €35,433 to €57,550
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 | €597,035 | €566,037 | -€30,998 | -5.2% |
| Fixed assets | 21/28 | €128,825 | €129,291 | +€466 | +0.4% |
| Tangible fixed assets | 22/27 | €12,094 | €12,560 | +€466 | +3.9% |
| Plant, machinery and equipment | 23 | €3,521 | €3,935 | +€414 | +11.8% |
| Furniture and vehicles | 24 | €8,574 | €8,626 | +€52 | +0.6% |
| Financial fixed assets | 28 | €116,730 | €116,730 | = | 0.0% |
| Current assets | 29/58 | €468,211 | €436,747 | -€31,464 | -6.7% |
| Amounts receivable within one year | 40/41 | €91,176 | €113,310 | +€22,134 | +24.3% |
| Trade receivables | 40 | €44,399 | €72,649 | +€28,250 | +63.6% |
| Other amounts receivable | 41 | €46,777 | €40,661 | -€6,116 | -13.1% |
| Current investments | 50/53 | €46,236 | €46,236 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €292,980 | €250,980 | -€42,000 | -14.3% |
| Deferred charges and accrued income | 490/1 | €37,819 | €26,221 | -€11,598 | -30.7% |
| Total equity and liabilities | 10/49 | €597,035 | €566,037 | -€30,998 | -5.2% |
| Equity | 10/15 | €564,768 | €457,017 | -€107,751 | -19.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €552,268 | €444,517 | -€107,751 | -19.5% |
| Distributable reserves | 133 | €552,268 | €444,517 | -€107,751 | -19.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,268 | €109,021 | +€76,753 | +238% |
| Amounts payable within one year | 42/48 | €32,268 | €109,021 | +€76,753 | +238% |
| Financial debts | 43 | €1,406 | €0 | -€1,406 | -100% |
| Credit institutions | 430/8 | €1,406 | €0 | -€1,406 | -100% |
| Trade debts | 44 | €23,952 | €5,298 | -€18,654 | -77.9% |
| Suppliers | 440/4 | €23,952 | €5,298 | -€18,654 | -77.9% |
| Taxes, remuneration and social security | 45 | €6,910 | €38,800 | +€31,890 | +461% |
| Taxes | 450/3 | €6,910 | €38,800 | +€31,890 | +461% |
| Other amounts payable | 47/48 | €0 | €64,923 | +€64,923 | |
| Non-recurring operating income | 76A | €34,500 | €0 | -€34,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716 | €3,836 | +€1,120 | +41.2% |
| Other operating charges | 640/8 | €2,348 | €1,821 | -€526 | -22.4% |
| Non-recurring operating charges | 66A | €1,271 | €444 | -€827 | -65.1% |
| Gross operating margin | 9900 | €112,338 | €164,167 | +€51,829 | +46.1% |
| Operating profit (loss) | 9901 | €106,003 | €158,066 | +€52,063 | +49.1% |
| Financial income | 75/76B | €0 | €63 | +€62 | +17,803% |
| Recurring financial income | 75 | €0 | €63 | +€62 | +17,803% |
| Financial charges | 65/66B | €981 | €321 | -€660 | -67.3% |
| Recurring financial charges | 65 | €981 | €321 | -€660 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €105,023 | €157,807 | +€52,785 | +50.3% |
| Income taxes | 67/77 | €35,433 | €57,550 | +€22,117 | +62.4% |
| Profit (loss) for the period | 9904 | €69,590 | €100,258 | +€30,668 | +44.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €69,590 | €100,258 | +€30,668 | +44.1% |
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 19 October 2026 via checked.be.