EXCO BP: 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.
EXCO BP
Largest movements
- Receivables within one year +€69,705
up €69,705 (+118.7%), from €58,748 to €128,452
of which Other amounts receivable: +€47,141
- Tangible fixed assets +€55,265
up €55,265 (+32.7%), from €169,106 to €224,371
of which Land and buildings: +€134,409
- Cash +€43,037
up €43,037 (+100.9%), from €42,673 to €85,711
mainly Other debts (+€188,699) and Net result for the year (+€149,782)
- Financial fixed assets +€33,038
up €33,038 (+19.6%), from €168,339 to €201,378
- Current investments -€10,527
down €10,527 (-19.1%), from €55,000 to €44,473
- Other debts +€188,699
new in 2025: €188,699
- Reserves -€38,917
down €38,917 (-8.6%), from €450,844 to €411,928
of which Distributable reserves: -€38,917
- Debts after one year +€36,891
up €36,891 (+28.2%), from €130,853 to €167,744
- Financial income +€40,101
up €40,101 (+618.8%), from €6,480 to €46,582
- Gross operating margin -€34,584
down €34,584 (-12.1%), from €284,813 to €250,230
- Taxes +€16,387
up €16,387 (+28.4%), from €57,723 to €74,110
- Financial charges -€12,700
down €12,700 (-18.7%), from €67,914 to €55,214
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 | €601,913 | €795,201 | +€193,289 | +32.1% |
| Fixed assets | 21/28 | €337,446 | €425,749 | +€88,304 | +26.2% |
| Tangible fixed assets | 22/27 | €169,106 | €224,371 | +€55,265 | +32.7% |
| Land and buildings | 22 | €51,250 | €185,659 | +€134,409 | +262.3% |
| Furniture and vehicles | 24 | €51,848 | €38,713 | -€13,136 | -25.3% |
| Assets under construction and advance payments | 27 | €66,008 | - | -€66,008 | |
| Financial fixed assets | 28 | €168,339 | €201,378 | +€33,038 | +19.6% |
| Current assets | 29/58 | €264,467 | €369,452 | +€104,985 | +39.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,748 | €128,452 | +€69,705 | +118.7% |
| Trade receivables | 40 | - | €22,564 | +€22,564 | |
| Other amounts receivable | 41 | €58,748 | €105,889 | +€47,141 | +80.2% |
| Current investments | 50/53 | €55,000 | €44,473 | -€10,527 | -19.1% |
| Cash at bank and in hand | 54/58 | €42,673 | €85,711 | +€43,037 | +100.9% |
| Deferred charges and accrued income | 490/1 | €8,046 | €10,816 | +€2,770 | +34.4% |
| Total equity and liabilities | 10/49 | €601,913 | €795,201 | +€193,289 | +32.1% |
| Equity | 10/15 | €451,844 | €412,928 | -€38,917 | -8.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €450,844 | €411,928 | -€38,917 | -8.6% |
| Tax-exempt reserves | 132 | €122,090 | €122,090 | = | 0.0% |
| Distributable reserves | 133 | €328,754 | €289,838 | -€38,917 | -11.8% |
| Amounts payable | 17/49 | €150,069 | €382,274 | +€232,205 | +154.7% |
| Amounts payable after more than one year | 17 | €130,853 | €167,744 | +€36,891 | +28.2% |
| Financial debts | 170/4 | €130,853 | €167,744 | +€36,891 | +28.2% |
| Amounts payable within one year | 42/48 | €19,215 | €214,530 | +€195,314 | +1016.5% |
| Current portion of amounts payable after more than one year | 42 | €15,038 | €19,402 | +€4,364 | +29.0% |
| Trade debts | 44 | €536 | €2,767 | +€2,232 | +416.7% |
| Suppliers | 440/4 | €536 | €2,767 | +€2,232 | +416.7% |
| Taxes, remuneration and social security | 45 | €3,642 | €3,661 | +€19 | +0.5% |
| Taxes | 450/3 | €3,642 | €3,661 | +€19 | +0.5% |
| Other amounts payable | 47/48 | - | €188,699 | +€188,699 | |
| Non-recurring operating income | 76A | €69,048 | - | -€69,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,884 | €17,206 | +€1,322 | +8.3% |
| Other operating charges | 640/8 | €1,101 | €500 | -€601 | -54.6% |
| Gross operating margin | 9900 | €284,813 | €250,230 | -€34,584 | -12.1% |
| Operating profit (loss) | 9901 | €267,829 | €232,524 | -€35,305 | -13.2% |
| Financial income | 75/76B | €6,480 | €46,582 | +€40,101 | +618.8% |
| Recurring financial income | 75 | €6,480 | €46,582 | +€40,101 | +618.8% |
| Financial charges | 65/66B | €67,914 | €55,214 | -€12,700 | -18.7% |
| Recurring financial charges | 65 | €67,914 | €55,214 | -€12,700 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €206,395 | €223,892 | +€17,497 | +8.5% |
| Income taxes | 67/77 | €57,723 | €74,110 | +€16,387 | +28.4% |
| Profit (loss) for the period | 9904 | €148,672 | €149,782 | +€1,110 | +0.7% |
| Transfer to tax-exempt reserves | 689 | €63,150 | - | -€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,522 | €149,782 | +€64,260 | +75.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.