EXEDOS: 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.
EXEDOS
Largest movements
- Receivables within one year +€51,406
up €51,406 (+20.8%), from €247,308 to €298,713
of which Trade receivables: +€32,232
- Cash -€37,040
down €37,040 (-60.1%), from €61,586 to €24,546
mainly Contributions, distributions and other (-€65,360) and Receivables within one year (-€51,406)
- Tangible fixed assets +€8,757
up €8,757 (+2.0%), from €430,723 to €439,480
of which Land and buildings: +€7,676
- Other debts +€61,510
up €61,510 (+1,140%), from €5,397 to €66,907
- Debts after one year -€44,835
down €44,835 (-24.5%), from €183,293 to €138,457
- Reserves +€29,640
up €29,640 (+14.3%), from €207,220 to €236,860
of which Distributable reserves: +€29,640
- Trade debts -€12,605
down €12,605 (-20.1%), from €62,607 to €50,002
- Gross operating margin -€66,020
down €66,020 (-25.0%), from €264,519 to €198,499
- Taxes -€10,200
down €10,200 (-18.1%), from €56,267 to €46,067
- Depreciation -€10,077
down €10,077 (-22.0%), from €45,907 to €35,830
- Financial charges -€3,748
down €3,748 (-23.0%), from €16,296 to €12,548
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.
Derived cash bridge
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 | €746,180 | €774,417 | +€28,237 | +3.8% |
| Fixed assets | 21/28 | €431,599 | €440,356 | +€8,757 | +2.0% |
| Tangible fixed assets | 22/27 | €430,723 | €439,480 | +€8,757 | +2.0% |
| Land and buildings | 22 | €409,126 | €416,802 | +€7,676 | +1.9% |
| Plant, machinery and equipment | 23 | €3,106 | €7,729 | +€4,623 | +149% |
| Furniture and vehicles | 24 | €18,491 | €14,949 | -€3,541 | -19.2% |
| Financial fixed assets | 28 | €876 | €876 | = | 0.0% |
| Current assets | 29/58 | €314,581 | €334,061 | +€19,480 | +6.2% |
| Stocks and contracts in progress | 3 | €5,296 | €4,528 | -€768 | -14.5% |
| Stocks | 30/36 | €5,296 | €4,528 | -€768 | -14.5% |
| Amounts receivable within one year | 40/41 | €247,308 | €298,713 | +€51,406 | +20.8% |
| Trade receivables | 40 | €115,926 | €148,159 | +€32,232 | +27.8% |
| Other amounts receivable | 41 | €131,382 | €150,555 | +€19,173 | +14.6% |
| Cash at bank and in hand | 54/58 | €61,586 | €24,546 | -€37,040 | -60.1% |
| Deferred charges and accrued income | 490/1 | €392 | €6,274 | +€5,883 | +1,502% |
| Total equity and liabilities | 10/49 | €746,180 | €774,417 | +€28,237 | +3.8% |
| Equity | 10/15 | €397,791 | €427,638 | +€29,847 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €207,220 | €236,860 | +€29,640 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €205,360 | €235,000 | +€29,640 | +14.4% |
| Profit (loss) carried forward | 14 | €184,371 | €184,578 | +€207 | +0.1% |
| Amounts payable | 17/49 | €348,389 | €346,779 | -€1,610 | -0.5% |
| Amounts payable after more than one year | 17 | €183,293 | €138,457 | -€44,835 | -24.5% |
| Financial debts | 170/4 | €183,293 | €138,457 | -€44,835 | -24.5% |
| Amounts payable within one year | 42/48 | €165,097 | €208,322 | +€43,225 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €45,160 | €44,835 | -€324 | -0.7% |
| Trade debts | 44 | €62,607 | €50,002 | -€12,605 | -20.1% |
| Suppliers | 440/4 | €62,607 | €50,002 | -€12,605 | -20.1% |
| Taxes, remuneration and social security | 45 | €51,932 | €46,577 | -€5,355 | -10.3% |
| Taxes | 450/3 | €51,526 | €46,493 | -€5,033 | -9.8% |
| Remuneration and social security | 454/9 | €406 | €84 | -€322 | -79.3% |
| Other amounts payable | 47/48 | €5,397 | €66,907 | +€61,510 | +1,140% |
| Remuneration, social security and pensions | 62 | €9,576 | €9,175 | -€400 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,907 | €35,830 | -€10,077 | -22.0% |
| Other operating charges | 640/8 | €2,897 | €3,626 | +€729 | +25.2% |
| Gross operating margin | 9900 | €264,519 | €198,499 | -€66,020 | -25.0% |
| Operating profit (loss) | 9901 | €206,139 | €149,868 | -€56,271 | -27.3% |
| Financial income | 75/76B | €4,009 | €3,955 | -€54 | -1.4% |
| Recurring financial income | 75 | €4,009 | €3,955 | -€54 | -1.4% |
| Financial charges | 65/66B | €16,296 | €12,548 | -€3,748 | -23.0% |
| Recurring financial charges | 65 | €16,296 | €12,548 | -€3,748 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €193,852 | €141,274 | -€52,577 | -27.1% |
| Income taxes | 67/77 | €56,267 | €46,067 | -€10,200 | -18.1% |
| Profit (loss) for the period | 9904 | €137,585 | €95,207 | -€42,378 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,585 | €95,207 | -€42,378 | -30.8% |
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 14 October 2026 via checked.be.