EXCO-LINES: 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-LINES
Largest movements
- Cash +€3,728
up €3,728 (+5.5%), from €67,472 to €71,200
mainly Other debts (+€50,215) and Net result for the year (+€11,995)
- Receivables within one year +€3,281
up €3,281 (+46.7%), from €7,023 to €10,305
of which Other amounts receivable: +€3,142
- Tangible fixed assets +€1,176
up €1,176 (+9.1%), from €12,996 to €14,172
of which Land and buildings: +€3,309
- Other debts +€50,215
up €50,215 (+185.3%), from €27,104 to €77,319
- Reserves -€36,548
down €36,548 (-66.4%), from €55,032 to €18,484
- Tax, wage and social debts -€4,626
down €4,626 (-56.3%), from €8,210 to €3,584
- Gross operating margin +€13,839
up €13,839 (+223.4%), from €6,194 to €20,033
- Depreciation -€5,766
down €5,766 (-56.8%), from €10,149 to €4,382
- Taxes +€2,865
up €2,865 (+1410.0%), from €203 to €3,069
- Other operating charges -€419
down €419 (-44.6%), from €939 to €520
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 | €109,349 | €117,220 | +€7,870 | +7.2% |
| Fixed assets | 21/28 | €12,996 | €14,172 | +€1,176 | +9.1% |
| Tangible fixed assets | 22/27 | €12,996 | €14,172 | +€1,176 | +9.1% |
| Land and buildings | 22 | €10,862 | €14,172 | +€3,309 | +30.5% |
| Furniture and vehicles | 24 | €2,133 | - | -€2,133 | |
| Current assets | 29/58 | €96,354 | €103,048 | +€6,694 | +6.9% |
| Stocks and contracts in progress | 3 | €21,138 | €21,018 | -€120 | -0.6% |
| Stocks | 30/36 | €21,138 | €21,018 | -€120 | -0.6% |
| Amounts receivable within one year | 40/41 | €7,023 | €10,305 | +€3,281 | +46.7% |
| Trade receivables | 40 | - | €140 | +€140 | |
| Other amounts receivable | 41 | €7,023 | €10,165 | +€3,142 | +44.7% |
| Cash at bank and in hand | 54/58 | €67,472 | €71,200 | +€3,728 | +5.5% |
| Deferred charges and accrued income | 490/1 | €721 | €525 | -€195 | -27.1% |
| Total equity and liabilities | 10/49 | €109,349 | €117,220 | +€7,870 | +7.2% |
| Equity | 10/15 | €72,582 | €36,033 | -€36,548 | -50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,032 | €18,484 | -€36,548 | -66.4% |
| Distributable reserves | 133 | €55,032 | €18,484 | -€36,548 | -66.4% |
| Profit (loss) carried forward | 14 | -€1,051 | -€1,051 | = | 0.0% |
| Amounts payable | 17/49 | €36,767 | €81,186 | +€44,419 | +120.8% |
| Amounts payable within one year | 42/48 | €36,767 | €81,186 | +€44,419 | +120.8% |
| Trade debts | 44 | €1,454 | €284 | -€1,170 | -80.5% |
| Suppliers | 440/4 | €1,454 | €284 | -€1,170 | -80.5% |
| Taxes, remuneration and social security | 45 | €8,210 | €3,584 | -€4,626 | -56.3% |
| Taxes | 450/3 | €8,210 | €3,584 | -€4,626 | -56.3% |
| Other amounts payable | 47/48 | €27,104 | €77,319 | +€50,215 | +185.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,149 | €4,382 | -€5,766 | -56.8% |
| Other operating charges | 640/8 | €939 | €520 | -€419 | -44.6% |
| Gross operating margin | 9900 | €6,194 | €20,033 | +€13,839 | +223.4% |
| Operating profit (loss) | 9901 | -€4,894 | €15,131 | +€20,025 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €93 | €78 | -€16 | -16.7% |
| Recurring financial charges | 65 | €93 | €78 | -€16 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,987 | €15,064 | +€20,051 | |
| Income taxes | 67/77 | €203 | €3,069 | +€2,865 | +1410.0% |
| Profit (loss) for the period | 9904 | -€5,190 | €11,995 | +€17,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,190 | €11,995 | +€17,186 |
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 2 October 2026 via checked.be.