EXCOGES: 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.
EXCOGES
Largest movements
- Cash -€627
down €627 (-94.6%), from €663 to €36
mainly Other debts (-€2,137)
- Other debts -€2,137
down €2,137 (-5.4%), from €39,674 to €37,536
- Profit (loss) carried forward +€1,107
up €1,107 (+3.9%), from -€28,279 to -€27,172
- Tax, wage and social debts +€403
up €403 (+95.2%), from €424 to €827
- Gross operating margin -€31
down €31 (-1.6%), from €1,988 to €1,957
- Taxes -€20
down €20 (-4.8%), from €424 to €403
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,410 | €29,783 | -€627 | -2.1% |
| Fixed assets | 21/28 | €29,747 | €29,747 | = | 0.0% |
| Financial fixed assets | 28 | €29,747 | €29,747 | = | 0.0% |
| Current assets | 29/58 | €663 | €36 | -€627 | -94.6% |
| Cash at bank and in hand | 54/58 | €663 | €36 | -€627 | -94.6% |
| Total equity and liabilities | 10/49 | €30,410 | €29,783 | -€627 | -2.1% |
| Equity | 10/15 | -€9,687 | -€8,580 | +€1,107 | +11.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,279 | -€27,172 | +€1,107 | +3.9% |
| Amounts payable | 17/49 | €40,097 | €38,363 | -€1,734 | -4.3% |
| Amounts payable within one year | 42/48 | €40,097 | €38,363 | -€1,734 | -4.3% |
| Taxes, remuneration and social security | 45 | €424 | €827 | +€403 | +95.2% |
| Taxes | 450/3 | €424 | €827 | +€403 | +95.2% |
| Other amounts payable | 47/48 | €39,674 | €37,536 | -€2,137 | -5.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,988 | €1,957 | -€31 | -1.6% |
| Operating profit (loss) | 9901 | €1,600 | €1,557 | -€43 | -2.7% |
| Financial charges | 65/66B | €46 | €47 | +€1 | +1.2% |
| Recurring financial charges | 65 | €46 | €47 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €1,554 | €1,510 | -€44 | -2.8% |
| Income taxes | 67/77 | €424 | €403 | -€20 | -4.8% |
| Profit (loss) for the period | 9904 | €1,131 | €1,107 | -€23 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,131 | €1,107 | -€23 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.