EXEGI: 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.
EXEGI
Largest movements
- Current investments -€90,000
down €90,000 (-40.9%), from €220,000 to €130,000
- Cash +€73,842
up €73,842 (+43.2%), from €170,950 to €244,792
mainly Current investments (+€90,000) and Net result for the year (+€73,109)
- Tangible fixed assets +€25,824
up €25,824 (+22.2%), from €116,552 to €142,375
of which Furniture and vehicles: +€52,680
- Receivables within one year +€20,274
up €20,274 (+62.8%), from €32,272 to €52,546
of which Other amounts receivable: +€16,089
- Reserves +€38,393
up €38,393 (+14.9%), from €256,815 to €295,208
- Tax, wage and social debts -€25,381
down €25,381 (-56.2%), from €45,200 to €19,820
- Other debts +€12,309
up €12,309 (+33.9%), from €36,358 to €48,667
- Gross operating margin +€31,415
up €31,415 (+29.5%), from €106,325 to €137,740
- Taxes +€6,358
up €6,358 (+30.4%), from €20,912 to €27,270
- Depreciation +€5,535
up €5,535 (+16.9%), from €32,719 to €38,255
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 | €543,360 | €573,355 | +€29,995 | +5.5% |
| Fixed assets | 21/28 | €116,552 | €142,375 | +€25,824 | +22.2% |
| Tangible fixed assets | 22/27 | €116,552 | €142,375 | +€25,824 | +22.2% |
| Land and buildings | 22 | €112,216 | €85,443 | -€26,774 | -23.9% |
| Plant, machinery and equipment | 23 | €83 | €0 | -€83 | -100.0% |
| Furniture and vehicles | 24 | €4,253 | €56,932 | +€52,680 | +1238.8% |
| Current assets | 29/58 | €426,808 | €430,980 | +€4,172 | +1.0% |
| Amounts receivable within one year | 40/41 | €32,272 | €52,546 | +€20,274 | +62.8% |
| Trade receivables | 40 | €16,574 | €20,759 | +€4,184 | +25.2% |
| Other amounts receivable | 41 | €15,698 | €31,787 | +€16,089 | +102.5% |
| Current investments | 50/53 | €220,000 | €130,000 | -€90,000 | -40.9% |
| Cash at bank and in hand | 54/58 | €170,950 | €244,792 | +€73,842 | +43.2% |
| Deferred charges and accrued income | 490/1 | €3,586 | €3,642 | +€56 | +1.6% |
| Total equity and liabilities | 10/49 | €543,360 | €573,355 | +€29,995 | +5.5% |
| Equity | 10/15 | €456,815 | €495,208 | +€38,393 | +8.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €256,815 | €295,208 | +€38,393 | +14.9% |
| Distributable reserves | 133 | €256,815 | €295,208 | +€38,393 | +14.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,545 | €78,147 | -€8,398 | -9.7% |
| Amounts payable within one year | 42/48 | €82,151 | €70,444 | -€11,708 | -14.3% |
| Trade debts | 44 | €593 | €1,957 | +€1,364 | +230.1% |
| Suppliers | 440/4 | €593 | €1,957 | +€1,364 | +230.1% |
| Taxes, remuneration and social security | 45 | €45,200 | €19,820 | -€25,381 | -56.2% |
| Taxes | 450/3 | €45,200 | €19,820 | -€25,381 | -56.2% |
| Other amounts payable | 47/48 | €36,358 | €48,667 | +€12,309 | +33.9% |
| Accrued charges and deferred income | 492/3 | €4,393 | €7,704 | +€3,310 | +75.3% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,719 | €38,255 | +€5,535 | +16.9% |
| Other operating charges | 640/8 | €3,312 | €3,258 | -€55 | -1.6% |
| Gross operating margin | 9900 | €106,325 | €137,740 | +€31,415 | +29.5% |
| Operating profit (loss) | 9901 | €70,293 | €96,228 | +€25,935 | +36.9% |
| Financial income | 75/76B | €4,552 | €4,286 | -€266 | -5.8% |
| Recurring financial income | 75 | €4,552 | €4,286 | -€266 | -5.8% |
| Financial charges | 65/66B | €1,481 | €133 | -€1,348 | -91.0% |
| Recurring financial charges | 65 | €1,481 | €133 | -€1,348 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | €73,363 | €100,380 | +€27,016 | +36.8% |
| Income taxes | 67/77 | €20,912 | €27,270 | +€6,358 | +30.4% |
| Profit (loss) for the period | 9904 | €52,451 | €73,109 | +€20,658 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,451 | €73,109 | +€20,658 | +39.4% |
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 4 October 2026 via checked.be.