EXCLUTRANS: 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.
EXCLUTRANS
Largest movements
- Tangible fixed assets -€161,123
down €161,123 (-17.8%), from €906,178 to €745,055
- Receivables within one year +€25,523
up €25,523 (+26.2%), from €97,306 to €122,829
of which Trade receivables: +€59,021
- Cash -€15,095
down €15,095 (-37.1%), from €40,727 to €25,631
mainly Debts after one year (-€124,063) and Short-term financial debts (-€50,000)
- Debts after one year -€124,063
down €124,063 (-22.8%), from €544,656 to €420,593
- Short-term financial debts -€50,000
down €50,000 (-62.5%), from €80,000 to €30,000
- Trade debts +€20,698
up €20,698 (+31.2%), from €66,439 to €87,137
- Tax, wage and social debts +€20,293
up €20,293 (+45.9%), from €44,173 to €64,465
of which Remuneration and social security: +€15,342
- Other debts -€18,704
down €18,704 (-96.3%), from €19,418 to €714
- Staff costs -€96,062
down €96,062 (-38.1%), from €252,398 to €156,336
- Gross operating margin -€79,146
down €79,146 (-16.4%), from €481,236 to €402,090
- Depreciation +€32,368
up €32,368 (+24.4%), from €132,648 to €165,016
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 | €1,064,435 | €919,530 | -€144,906 | -13.6% |
| Fixed assets | 21/28 | €908,367 | €748,702 | -€159,665 | -17.6% |
| Intangible fixed assets | 21 | €1,339 | €2,797 | +€1,458 | +108.9% |
| Tangible fixed assets | 22/27 | €906,178 | €745,055 | -€161,123 | -17.8% |
| Land and buildings | 22 | €325,309 | €307,389 | -€17,920 | -5.5% |
| Plant, machinery and equipment | 23 | €67,320 | €58,301 | -€9,018 | -13.4% |
| Furniture and vehicles | 24 | €289,537 | €211,389 | -€78,148 | -27.0% |
| Leasing and similar rights | 25 | €155,002 | €106,056 | -€48,946 | -31.6% |
| Other tangible fixed assets | 26 | €69,009 | €61,920 | -€7,090 | -10.3% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €156,068 | €170,827 | +€14,759 | +9.5% |
| Amounts receivable within one year | 40/41 | €97,306 | €122,829 | +€25,523 | +26.2% |
| Trade receivables | 40 | €50,611 | €109,632 | +€59,021 | +116.6% |
| Other amounts receivable | 41 | €46,695 | €13,197 | -€33,498 | -71.7% |
| Cash at bank and in hand | 54/58 | €40,727 | €25,631 | -€15,095 | -37.1% |
| Deferred charges and accrued income | 490/1 | €18,036 | €22,367 | +€4,331 | +24.0% |
| Total equity and liabilities | 10/49 | €1,064,435 | €919,530 | -€144,906 | -13.6% |
| Equity | 10/15 | €178,057 | €185,128 | +€7,070 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €159,457 | €166,528 | +€7,070 | +4.4% |
| Distributable reserves | 133 | €159,457 | €166,528 | +€7,070 | +4.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €886,378 | €734,402 | -€151,976 | -17.1% |
| Amounts payable after more than one year | 17 | €544,656 | €420,593 | -€124,063 | -22.8% |
| Financial debts | 170/4 | €544,656 | €420,593 | -€124,063 | -22.8% |
| Amounts payable within one year | 42/48 | €338,419 | €309,011 | -€29,407 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €128,390 | €126,695 | -€1,694 | -1.3% |
| Financial debts | 43 | €80,000 | €30,000 | -€50,000 | -62.5% |
| Credit institutions | 430/8 | €80,000 | €30,000 | -€50,000 | -62.5% |
| Trade debts | 44 | €66,439 | €87,137 | +€20,698 | +31.2% |
| Suppliers | 440/4 | €66,439 | €87,137 | +€20,698 | +31.2% |
| Taxes, remuneration and social security | 45 | €44,173 | €64,465 | +€20,293 | +45.9% |
| Taxes | 450/3 | €22,160 | €27,112 | +€4,951 | +22.3% |
| Remuneration and social security | 454/9 | €22,012 | €37,354 | +€15,342 | +69.7% |
| Other amounts payable | 47/48 | €19,418 | €714 | -€18,704 | -96.3% |
| Accrued charges and deferred income | 492/3 | €3,303 | €4,797 | +€1,494 | +45.2% |
| Non-recurring operating income | 76A | - | €16,126 | +€16,126 | |
| Remuneration, social security and pensions | 62 | €252,398 | €156,336 | -€96,062 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,648 | €165,016 | +€32,368 | +24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €34,206 | €35,478 | +€1,272 | +3.7% |
| Non-recurring operating charges | 66A | €734 | €0 | -€734 | -100.0% |
| Gross operating margin | 9900 | €481,236 | €402,090 | -€79,146 | -16.4% |
| Operating profit (loss) | 9901 | €61,251 | €45,259 | -€15,991 | -26.1% |
| Financial income | 75/76B | €40 | €0 | -€40 | -99.7% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -99.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €32,155 | €30,732 | -€1,424 | -4.4% |
| Recurring financial charges | 65 | €32,155 | €30,732 | -€1,424 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €29,135 | €14,528 | -€14,607 | -50.1% |
| Income taxes | 67/77 | €9,717 | €6,743 | -€2,974 | -30.6% |
| Profit (loss) for the period | 9904 | €19,418 | €7,784 | -€11,634 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,418 | €7,784 | -€11,634 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.