Exelette: 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.
Exelette
Largest movements
- Current investments +€18,000
up €18,000 (+30.5%), from €59,000 to €77,000
- Receivables within one year +€17,643
up €17,643 (+153%), from €11,530 to €29,173
of which Trade receivables: +€16,463
- Cash +€11,638
up €11,638 (+7.6%), from €153,950 to €165,588
mainly Net result for the year (+€68,246) and Other debts (+€36,315)
- Tangible fixed assets -€3,590
down €3,590 (-52.2%), from €6,882 to €3,292
of which Furniture and vehicles: -€3,492
- Other debts +€36,315
up €36,315 (+153%), from €23,772 to €60,087
- Reserves +€3,834
up €3,834 (+2.0%), from €195,059 to €198,894
- Gross operating margin +€11,589
up €11,589 (+15.1%), from €76,802 to €88,391
- Depreciation -€6,031
down €6,031 (-62.7%), from €9,621 to €3,590
- Taxes +€3,039
up €3,039 (+20.7%), from €14,668 to €17,707
- Financial income +€2,754
up €2,754 (+1,336%), from €206 to €2,960
- Financial charges +€939
up €939 (+1,496%), from €63 to €1,002
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 | €234,725 | €276,627 | +€41,901 | +17.9% |
| Fixed assets | 21/28 | €6,882 | €3,292 | -€3,590 | -52.2% |
| Tangible fixed assets | 22/27 | €6,882 | €3,292 | -€3,590 | -52.2% |
| Furniture and vehicles | 24 | €6,111 | €2,619 | -€3,492 | -57.1% |
| Other tangible fixed assets | 26 | €771 | €673 | -€98 | -12.8% |
| Current assets | 29/58 | €227,843 | €273,335 | +€45,492 | +20.0% |
| Amounts receivable within one year | 40/41 | €11,530 | €29,173 | +€17,643 | +153% |
| Trade receivables | 40 | €11,530 | €27,993 | +€16,463 | +143% |
| Other amounts receivable | 41 | €0 | €1,180 | +€1,180 | |
| Current investments | 50/53 | €59,000 | €77,000 | +€18,000 | +30.5% |
| Cash at bank and in hand | 54/58 | €153,950 | €165,588 | +€11,638 | +7.6% |
| Deferred charges and accrued income | 490/1 | €3,363 | €1,574 | -€1,790 | -53.2% |
| Total equity and liabilities | 10/49 | €234,725 | €276,627 | +€41,901 | +17.9% |
| Equity | 10/15 | €199,059 | €202,894 | +€3,834 | +1.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €195,059 | €198,894 | +€3,834 | +2.0% |
| Distributable reserves | 133 | €195,059 | €198,894 | +€3,834 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,666 | €73,733 | +€38,067 | +107% |
| Amounts payable within one year | 42/48 | €35,666 | €72,836 | +€37,170 | +104% |
| Trade debts | 44 | €625 | €582 | -€44 | -7.0% |
| Suppliers | 440/4 | €625 | €582 | -€44 | -7.0% |
| Taxes, remuneration and social security | 45 | €11,269 | €12,167 | +€899 | +8.0% |
| Taxes | 450/3 | €10,965 | €9,794 | -€1,171 | -10.7% |
| Remuneration and social security | 454/9 | €304 | €2,374 | +€2,070 | +681% |
| Other amounts payable | 47/48 | €23,772 | €60,087 | +€36,315 | +153% |
| Accrued charges and deferred income | 492/3 | €0 | €897 | +€897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,621 | €3,590 | -€6,031 | -62.7% |
| Other operating charges | 640/8 | €1,179 | €806 | -€373 | -31.6% |
| Gross operating margin | 9900 | €76,802 | €88,391 | +€11,589 | +15.1% |
| Operating profit (loss) | 9901 | €66,002 | €83,995 | +€17,993 | +27.3% |
| Financial income | 75/76B | €206 | €2,960 | +€2,754 | +1,336% |
| Recurring financial income | 75 | €206 | €2,960 | +€2,754 | +1,336% |
| Financial charges | 65/66B | €63 | €1,002 | +€939 | +1,496% |
| Recurring financial charges | 65 | €63 | €1,002 | +€939 | +1,496% |
| Profit (loss) for the period before taxes | 9903 | €66,145 | €85,954 | +€19,809 | +29.9% |
| Income taxes | 67/77 | €14,668 | €17,707 | +€3,039 | +20.7% |
| Profit (loss) for the period | 9904 | €51,477 | €68,246 | +€16,769 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,477 | €68,246 | +€16,769 | +32.6% |
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 17 October 2026 via checked.be.