EXELIT: 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.
EXELIT
Largest movements
- Cash -€70,362
down €70,362 (-36.5%), from €192,718 to €122,356
mainly Contributions, distributions and other (-€57,415) and Other debts (-€37,362)
- Receivables within one year +€33,973
up €33,973 (+60.4%), from €56,244 to €90,217
of which Other amounts receivable: +€31,536
- Tangible fixed assets -€25,836
down €25,836 (-11.2%), from €230,384 to €204,549
of which Furniture and vehicles: -€19,699
- Other debts -€37,362
down €37,362 (-12.5%), from €298,743 to €261,381
- Tax, wage and social debts -€10,814
down €10,814 (-44.3%), from €24,411 to €13,597
of which Remuneration and social security: -€11,915
- Debts after one year -€10,447
down €10,447 (-8.6%), from €121,451 to €111,004
- Depreciation +€8,670
up €8,670 (+28.0%), from €30,945 to €39,616
- Gross operating margin +€6,691
up €6,691 (+6.0%), from €111,063 to €117,754
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 | €479,846 | €417,622 | -€62,224 | -13.0% |
| Fixed assets | 21/28 | €230,884 | €205,049 | -€25,836 | -11.2% |
| Tangible fixed assets | 22/27 | €230,384 | €204,549 | -€25,836 | -11.2% |
| Land and buildings | 22 | €142,450 | €129,500 | -€12,950 | -9.1% |
| Furniture and vehicles | 24 | €42,846 | €23,147 | -€19,699 | -46.0% |
| Other tangible fixed assets | 26 | €45,088 | €51,902 | +€6,813 | +15.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €248,962 | €212,573 | -€36,389 | -14.6% |
| Amounts receivable within one year | 40/41 | €56,244 | €90,217 | +€33,973 | +60.4% |
| Trade receivables | 40 | €38,463 | €40,900 | +€2,437 | +6.3% |
| Other amounts receivable | 41 | €17,782 | €49,318 | +€31,536 | +177.4% |
| Cash at bank and in hand | 54/58 | €192,718 | €122,356 | -€70,362 | -36.5% |
| Total equity and liabilities | 10/49 | €479,846 | €417,622 | -€62,224 | -13.0% |
| Equity | 10/15 | €21,719 | €20,460 | -€1,259 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,259 | - | -€1,259 | |
| Amounts payable | 17/49 | €458,127 | €397,162 | -€60,965 | -13.3% |
| Amounts payable after more than one year | 17 | €121,451 | €111,004 | -€10,447 | -8.6% |
| Financial debts | 170/4 | €121,451 | €111,004 | -€10,447 | -8.6% |
| Amounts payable within one year | 42/48 | €336,648 | €286,132 | -€50,516 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €10,173 | €10,447 | +€274 | +2.7% |
| Trade debts | 44 | €3,320 | €707 | -€2,613 | -78.7% |
| Suppliers | 440/4 | €3,320 | €707 | -€2,613 | -78.7% |
| Taxes, remuneration and social security | 45 | €24,411 | €13,597 | -€10,814 | -44.3% |
| Taxes | 450/3 | €12,496 | €13,597 | +€1,100 | +8.8% |
| Remuneration and social security | 454/9 | €11,915 | - | -€11,915 | |
| Other amounts payable | 47/48 | €298,743 | €261,381 | -€37,362 | -12.5% |
| Accrued charges and deferred income | 492/3 | €28 | €26 | -€2 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,945 | €39,616 | +€8,670 | +28.0% |
| Other operating charges | 640/8 | €3,544 | €2,869 | -€675 | -19.0% |
| Gross operating margin | 9900 | €111,063 | €117,754 | +€6,691 | +6.0% |
| Operating profit (loss) | 9901 | €76,573 | €75,269 | -€1,305 | -1.7% |
| Financial income | 75/76B | €732 | €1,614 | +€883 | +120.7% |
| Recurring financial income | 75 | €732 | €1,614 | +€883 | +120.7% |
| Financial charges | 65/66B | €3,968 | €3,991 | +€22 | +0.6% |
| Recurring financial charges | 65 | €3,968 | €3,991 | +€22 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €73,337 | €72,892 | -€444 | -0.6% |
| Income taxes | 67/77 | €16,145 | €16,737 | +€592 | +3.7% |
| Profit (loss) for the period | 9904 | €57,192 | €56,155 | -€1,037 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,192 | €56,155 | -€1,037 | -1.8% |
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 11 October 2026 via checked.be.