EXD BV: 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.
EXD BV
Largest movements
- Receivables within one year +€32,426
up €32,426 (+137.5%), from €23,577 to €56,003
of which Trade receivables: +€30,074
- Tangible fixed assets +€29,020
up €29,020 (+31.9%), from €91,077 to €120,097
of which Furniture and vehicles: +€37,379
- Cash -€3,153
down €3,153 (-13.7%), from €23,026 to €19,873
mainly Investment in fixed assets (net) (-€48,909) and Receivables within one year (-€32,426)
- Debts after one year +€21,803
new in 2025: €21,803
- Other debts +€15,463
up €15,463 (+1982.2%), from €780 to €16,243
- Reserves +€8,049
up €8,049 (+7.3%), from €109,546 to €117,595
- Tax, wage and social debts +€6,396
up €6,396 (+43.5%), from €14,711 to €21,107
- Current portion of long-term debt +€3,423
up €3,423 (+43.2%), from €7,920 to €11,343
- Gross operating margin +€5,450
up €5,450 (+7.3%), from €74,788 to €80,239
- Depreciation +€1,641
up €1,641 (+9.0%), from €18,248 to €19,889
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 | €150,983 | €209,006 | +€58,023 | +38.4% |
| Fixed assets | 21/28 | €91,077 | €120,097 | +€29,020 | +31.9% |
| Tangible fixed assets | 22/27 | €91,077 | €120,097 | +€29,020 | +31.9% |
| Land and buildings | 22 | €74,208 | €66,528 | -€7,680 | -10.3% |
| Plant, machinery and equipment | 23 | €8,867 | €4,917 | -€3,950 | -44.5% |
| Furniture and vehicles | 24 | €8,002 | €45,382 | +€37,379 | +467.1% |
| Other tangible fixed assets | 26 | - | €3,270 | +€3,270 | |
| Current assets | 29/58 | €59,906 | €88,909 | +€29,003 | +48.4% |
| Stocks and contracts in progress | 3 | €5,500 | €5,500 | = | 0.0% |
| Stocks | 30/36 | €5,500 | €5,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,577 | €56,003 | +€32,426 | +137.5% |
| Trade receivables | 40 | €23,577 | €53,651 | +€30,074 | +127.6% |
| Other amounts receivable | 41 | - | €2,351 | +€2,351 | |
| Cash at bank and in hand | 54/58 | €23,026 | €19,873 | -€3,153 | -13.7% |
| Deferred charges and accrued income | 490/1 | €7,804 | €7,534 | -€270 | -3.5% |
| Total equity and liabilities | 10/49 | €150,983 | €209,006 | +€58,023 | +38.4% |
| Equity | 10/15 | €120,601 | €128,650 | +€8,049 | +6.7% |
| Contributions | 10/11 | €10,977 | €10,977 | = | 0.0% |
| Reserves | 13 | €109,546 | €117,595 | +€8,049 | +7.3% |
| Distributable reserves | 133 | €109,546 | €117,595 | +€8,049 | +7.3% |
| Profit (loss) carried forward | 14 | €78 | €78 | = | 0.0% |
| Amounts payable | 17/49 | €30,382 | €80,356 | +€49,974 | +164.5% |
| Amounts payable after more than one year | 17 | - | €21,803 | +€21,803 | |
| Financial debts | 170/4 | - | €21,803 | +€21,803 | |
| Amounts payable within one year | 42/48 | €30,382 | €58,553 | +€28,171 | +92.7% |
| Current portion of amounts payable after more than one year | 42 | €7,920 | €11,343 | +€3,423 | +43.2% |
| Trade debts | 44 | €6,971 | €9,860 | +€2,889 | +41.4% |
| Suppliers | 440/4 | €6,971 | €9,860 | +€2,889 | +41.4% |
| Taxes, remuneration and social security | 45 | €14,711 | €21,107 | +€6,396 | +43.5% |
| Taxes | 450/3 | €14,711 | €21,107 | +€6,396 | +43.5% |
| Other amounts payable | 47/48 | €780 | €16,243 | +€15,463 | +1982.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,248 | €19,889 | +€1,641 | +9.0% |
| Other operating charges | 640/8 | €2,506 | €2,735 | +€229 | +9.1% |
| Gross operating margin | 9900 | €74,788 | €80,239 | +€5,450 | +7.3% |
| Operating profit (loss) | 9901 | €54,034 | €57,615 | +€3,581 | +6.6% |
| Financial income | 75/76B | €1 | €20 | +€19 | +3235.0% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +3235.0% |
| Financial charges | 65/66B | €747 | €841 | +€94 | +12.6% |
| Recurring financial charges | 65 | €747 | €841 | +€94 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €53,288 | €56,794 | +€3,506 | +6.6% |
| Income taxes | 67/77 | €17,961 | €17,980 | +€19 | +0.1% |
| Profit (loss) for the period | 9904 | €35,327 | €38,814 | +€3,487 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,327 | €38,814 | +€3,487 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.