EXEKOR: 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.
EXEKOR
Largest movements
- Cash +€39,294
up €39,294 (+7.3%), from €538,188 to €577,481
mainly Net result for the year (+€318,983) and Trade debts (+€93,392)
- Current investments +€20,026
up €20,026 (+23.3%), from €86,053 to €106,078
- Advances received -€181,905
down €181,905 (-52.7%), from €345,433 to €163,528
- Reserves +€147,471
up €147,471 (+17.7%), from €832,825 to €980,296
of which Distributable reserves: +€147,471
- Trade debts +€93,392
up €93,392 (+152.3%), from €61,334 to €154,725
- Other debts -€42,645
down €42,645 (-51.8%), from €82,390 to €39,745
- Tax, wage and social debts +€36,840
up €36,840 (+18.9%), from €194,769 to €231,609
of which Taxes: +€40,440
- Gross operating margin +€67,790
up €67,790 (+7.1%), from €951,390 to €1.0m
- Staff costs +€40,753
up €40,753 (+8.2%), from €497,188 to €537,942
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 | €1,616,581 | €1,663,505 | +€46,924 | +2.9% |
| Fixed assets | 21/28 | €61,937 | €60,668 | -€1,269 | -2.0% |
| Tangible fixed assets | 22/27 | €61,937 | €60,668 | -€1,269 | -2.0% |
| Land and buildings | 22 | €13,949 | €24,347 | +€10,398 | +74.5% |
| Plant, machinery and equipment | 23 | €23,542 | €20,479 | -€3,063 | -13.0% |
| Furniture and vehicles | 24 | €24,446 | €15,842 | -€8,604 | -35.2% |
| Current assets | 29/58 | €1,554,644 | €1,602,837 | +€48,193 | +3.1% |
| Amounts receivable within one year | 40/41 | €889,415 | €889,611 | +€196 | 0.0% |
| Trade receivables | 40 | €785,093 | €783,630 | -€1,462 | -0.2% |
| Other amounts receivable | 41 | €104,322 | €105,980 | +€1,658 | +1.6% |
| Current investments | 50/53 | €86,053 | €106,078 | +€20,026 | +23.3% |
| Cash at bank and in hand | 54/58 | €538,188 | €577,481 | +€39,294 | +7.3% |
| Deferred charges and accrued income | 490/1 | €40,989 | €29,667 | -€11,322 | -27.6% |
| Total equity and liabilities | 10/49 | €1,616,581 | €1,663,505 | +€46,924 | +2.9% |
| Equity | 10/15 | €882,825 | €1,030,296 | +€147,471 | +16.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €832,825 | €980,296 | +€147,471 | +17.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €827,825 | €975,296 | +€147,471 | +17.8% |
| Amounts payable | 17/49 | €733,756 | €633,209 | -€100,547 | -13.7% |
| Amounts payable after more than one year | 17 | €3,311 | €0 | -€3,311 | -100.0% |
| Financial debts | 170/4 | €3,311 | €0 | -€3,311 | -100.0% |
| Amounts payable within one year | 42/48 | €695,126 | €592,595 | -€102,532 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €11,200 | €2,987 | -€8,213 | -73.3% |
| Trade debts | 44 | €61,334 | €154,725 | +€93,392 | +152.3% |
| Suppliers | 440/4 | €61,334 | €154,725 | +€93,392 | +152.3% |
| Advances received on contracts in progress | 46 | €345,433 | €163,528 | -€181,905 | -52.7% |
| Taxes, remuneration and social security | 45 | €194,769 | €231,609 | +€36,840 | +18.9% |
| Taxes | 450/3 | €133,297 | €173,736 | +€40,440 | +30.3% |
| Remuneration and social security | 454/9 | €61,472 | €57,873 | -€3,600 | -5.9% |
| Other amounts payable | 47/48 | €82,390 | €39,745 | -€42,645 | -51.8% |
| Accrued charges and deferred income | 492/3 | €35,319 | €40,614 | +€5,295 | +15.0% |
| Remuneration, social security and pensions | 62 | €497,188 | €537,942 | +€40,753 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,566 | €14,329 | +€762 | +5.6% |
| Other operating charges | 640/8 | €1,446 | €595 | -€851 | -58.9% |
| Gross operating margin | 9900 | €951,390 | €1,019,180 | +€67,790 | +7.1% |
| Operating profit (loss) | 9901 | €439,190 | €466,315 | +€27,125 | +6.2% |
| Financial income | 75/76B | €1,681 | €0 | -€1,681 | -100.0% |
| Recurring financial income | 75 | €1,681 | €0 | -€1,681 | -100.0% |
| Financial charges | 65/66B | €2,876 | €2,069 | -€807 | -28.1% |
| Recurring financial charges | 65 | €2,876 | €2,069 | -€807 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €437,994 | €464,246 | +€26,251 | +6.0% |
| Income taxes | 67/77 | €140,964 | €145,263 | +€4,299 | +3.0% |
| Profit (loss) for the period | 9904 | €297,031 | €318,983 | +€21,952 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €297,031 | €318,983 | +€21,952 | +7.4% |
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 9 October 2026 via checked.be.