EXCLUSIVE GROUP: 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.
EXCLUSIVE GROUP
Largest movements
- Cash -€11,387
down €11,387 (-29.0%), from €39,218 to €27,831
mainly Provisions (-€9,622) and Current portion of long-term debt (-€9,052)
- Tangible fixed assets -€5,485
down €5,485 (-48.3%), from €11,367 to €5,882
of which Furniture and vehicles: -€5,276
- Reserves -€38,487
no longer reported in 2025 (was €38,487)
- Profit (loss) carried forward +€29,937
up €29,937, from -€15,145 to €14,792
- Provisions -€9,622
no longer reported in 2025 (was €9,622)
- Current portion of long-term debt -€9,052
no longer reported in 2025 (was €9,052)
- Tax, wage and social debts +€7,437
up €7,437 (+184%), from €4,036 to €11,472
- Taxes +€9,334
up €9,334 (+5,023%), from €186 to €9,520
- Gross operating margin +€6,505
up €6,505 (+99.5%), from -€6,536 to -€31
- Financial charges -€426
down €426 (-30.3%), from €1,405 to €979
- Other operating charges +€327
up €327 (+17.9%), from €1,829 to €2,156
- Depreciation +€73
up €73 (+1.4%), from €5,412 to €5,485
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 | €55,894 | €38,709 | -€17,185 | -30.7% |
| Fixed assets | 21/28 | €11,417 | €5,882 | -€5,535 | -48.5% |
| Tangible fixed assets | 22/27 | €11,367 | €5,882 | -€5,485 | -48.3% |
| Plant, machinery and equipment | 23 | €449 | €239 | -€210 | -46.7% |
| Furniture and vehicles | 24 | €10,919 | €5,643 | -€5,276 | -48.3% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €44,477 | €32,827 | -€11,650 | -26.2% |
| Stocks and contracts in progress | 3 | €2,937 | €2,937 | = | 0.0% |
| Stocks | 30/36 | €2,937 | €2,937 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €242 | - | -€242 | |
| Trade receivables | 40 | €242 | - | -€242 | |
| Cash at bank and in hand | 54/58 | €39,218 | €27,831 | -€11,387 | -29.0% |
| Deferred charges and accrued income | 490/1 | €2,081 | €2,060 | -€21 | -1.0% |
| Total equity and liabilities | 10/49 | €55,894 | €38,709 | -€17,185 | -30.7% |
| Equity | 10/15 | €29,542 | €20,992 | -€8,550 | -28.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,487 | - | -€38,487 | |
| Tax-exempt reserves | 132 | €38,487 | - | -€38,487 | |
| Profit (loss) carried forward | 14 | -€15,145 | €14,792 | +€29,937 | |
| Provisions and deferred taxes | 16 | €9,622 | - | -€9,622 | |
| Deferred taxes | 168 | €9,622 | - | -€9,622 | |
| Amounts payable | 17/49 | €16,730 | €17,718 | +€987 | +5.9% |
| Amounts payable within one year | 42/48 | €16,730 | €17,718 | +€987 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €9,052 | - | -€9,052 | |
| Trade debts | 44 | €2,098 | €4,675 | +€2,578 | +123% |
| Suppliers | 440/4 | €2,098 | €4,675 | +€2,578 | +123% |
| Taxes, remuneration and social security | 45 | €4,036 | €11,472 | +€7,437 | +184% |
| Taxes | 450/3 | €4,036 | €11,472 | +€7,437 | +184% |
| Other amounts payable | 47/48 | €1,545 | €1,570 | +€25 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,412 | €5,485 | +€73 | +1.4% |
| Other operating charges | 640/8 | €1,829 | €2,156 | +€327 | +17.9% |
| Gross operating margin | 9900 | -€6,536 | -€31 | +€6,505 | +99.5% |
| Operating profit (loss) | 9901 | -€13,777 | -€7,673 | +€6,104 | +44.3% |
| Financial charges | 65/66B | €1,405 | €979 | -€426 | -30.3% |
| Recurring financial charges | 65 | €1,405 | €979 | -€426 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,182 | -€8,652 | +€6,529 | +43.0% |
| Transfer from deferred taxes | 780 | €118 | €9,622 | +€9,503 | +8,027% |
| Income taxes | 67/77 | €186 | €9,520 | +€9,334 | +5,023% |
| Profit (loss) for the period | 9904 | -€15,249 | -€8,550 | +€6,699 | +43.9% |
| Transfer from tax-exempt reserves | 789 | €474 | €38,487 | +€38,014 | +8,027% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,776 | €29,937 | +€44,712 |
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 20 October 2026 via checked.be.