Exclusive Pools: 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 Pools
Largest movements
- Cash +€151,388
up €151,388 (+57.9%), from €261,586 to €412,974
mainly Trade debts (+€105,848) and Stocks and contracts (+€47,953)
- Stocks and contracts -€47,953
down €47,953 (-44.8%), from €107,097 to €59,144
- Receivables within one year -€27,365
down €27,365 (-19.7%), from €139,100 to €111,735
of which Other amounts receivable: -€34,409
- Tangible fixed assets -€17,891
down €17,891 (-23.3%), from €76,697 to €58,806
of which Furniture and vehicles: -€15,663
- Trade debts +€105,848
up €105,848 (+104%), from €101,723 to €207,571
- Other debts -€51,242
down €51,242 (-20.5%), from €250,545 to €199,303
- Debts after one year -€11,389
down €11,389 (-22.4%), from €50,884 to €39,495
- Reserves +€10,886
up €10,886 (+8.0%), from €135,255 to €146,141
- Gross operating margin -€45,847
down €45,847 (-55.7%), from €82,262 to €36,414
- Taxes -€21,951
down €21,951 (-83.9%), from €26,164 to €4,213
- Depreciation -€12,366
down €12,366 (-40.9%), from €30,257 to €17,891
- Other operating charges -€2,717
down €2,717 (-52.4%), from €5,181 to €2,464
- Financial income -€854
down €854 (-91.0%), from €938 to €84
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 | €588,226 | €645,218 | +€56,992 | +9.7% |
| Fixed assets | 21/28 | €76,697 | €58,806 | -€17,891 | -23.3% |
| Tangible fixed assets | 22/27 | €76,697 | €58,806 | -€17,891 | -23.3% |
| Plant, machinery and equipment | 23 | €2,228 | - | -€2,228 | |
| Furniture and vehicles | 24 | €74,469 | €58,806 | -€15,663 | -21.0% |
| Current assets | 29/58 | €511,528 | €586,412 | +€74,883 | +14.6% |
| Stocks and contracts in progress | 3 | €107,097 | €59,144 | -€47,953 | -44.8% |
| Stocks | 30/36 | €107,097 | €59,144 | -€47,953 | -44.8% |
| Amounts receivable within one year | 40/41 | €139,100 | €111,735 | -€27,365 | -19.7% |
| Trade receivables | 40 | €54,462 | €61,506 | +€7,044 | +12.9% |
| Other amounts receivable | 41 | €84,638 | €50,229 | -€34,409 | -40.7% |
| Cash at bank and in hand | 54/58 | €261,586 | €412,974 | +€151,388 | +57.9% |
| Deferred charges and accrued income | 490/1 | €3,745 | €2,559 | -€1,186 | -31.7% |
| Total equity and liabilities | 10/49 | €588,226 | €645,218 | +€56,992 | +9.7% |
| Equity | 10/15 | €155,255 | €166,141 | +€10,886 | +7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €135,255 | €146,141 | +€10,886 | +8.0% |
| Distributable reserves | 133 | €135,255 | €146,141 | +€10,886 | +8.0% |
| Amounts payable | 17/49 | €432,971 | €479,077 | +€46,106 | +10.6% |
| Amounts payable after more than one year | 17 | €50,884 | €39,495 | -€11,389 | -22.4% |
| Financial debts | 170/4 | €50,884 | €39,495 | -€11,389 | -22.4% |
| Amounts payable within one year | 42/48 | €382,087 | €439,582 | +€57,495 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €11,242 | €11,389 | +€147 | +1.3% |
| Trade debts | 44 | €101,723 | €207,571 | +€105,848 | +104% |
| Suppliers | 440/4 | €101,723 | €207,571 | +€105,848 | +104% |
| Taxes, remuneration and social security | 45 | €18,577 | €21,320 | +€2,742 | +14.8% |
| Taxes | 450/3 | €18,577 | €21,320 | +€2,742 | +14.8% |
| Other amounts payable | 47/48 | €250,545 | €199,303 | -€51,242 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,257 | €17,891 | -€12,366 | -40.9% |
| Other operating charges | 640/8 | €5,181 | €2,464 | -€2,717 | -52.4% |
| Non-recurring operating charges | 66A | €16,386 | - | -€16,386 | |
| Gross operating margin | 9900 | €82,262 | €36,414 | -€45,847 | -55.7% |
| Operating profit (loss) | 9901 | €30,438 | €16,059 | -€14,379 | -47.2% |
| Financial income | 75/76B | €938 | €84 | -€854 | -91.0% |
| Recurring financial income | 75 | €938 | €84 | -€854 | -91.0% |
| Financial charges | 65/66B | €1,075 | €1,045 | -€31 | -2.8% |
| Recurring financial charges | 65 | €1,075 | €1,045 | -€31 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €30,301 | €15,099 | -€15,202 | -50.2% |
| Income taxes | 67/77 | €26,164 | €4,213 | -€21,951 | -83.9% |
| Profit (loss) for the period | 9904 | €4,137 | €10,886 | +€6,750 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €4,137 | €10,886 | +€6,750 | +163% |
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 17 October 2026 via checked.be.