EXELIUM: 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.
EXELIUM
Largest movements
- Receivables within one year -€10,445
down €10,445 (-55.2%), from €18,935 to €8,490
of which Trade receivables: -€8,808
- Receivables after one year +€7,789
up €7,789 (+21.6%), from €36,045 to €43,834
- Cash -€2,401
down €2,401 (-94.3%), from €2,547 to €146
mainly Net result for the year (-€8,797) and Receivables after one year (-€7,789)
- Tangible fixed assets -€1,372
down €1,372 (-6.4%), from €21,571 to €20,199
- Profit (loss) carried forward -€8,797
down €8,797 (-28.7%), from €30,702 to €21,906
- Other debts +€1,363
up €1,363 (+4.9%), from €27,594 to €28,957
- Accrued charges and deferred income +€850
new in 2025: €850
- Gross operating margin -€9,814
down €9,814, from €2,993 to -€6,821
- Depreciation -€292
down €292 (-17.6%), from €1,664 to €1,372
- Financial charges +€71
up €71 (+86.0%), from €83 to €154
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 | €79,148 | €72,752 | -€6,395 | -8.1% |
| Fixed assets | 21/28 | €21,621 | €20,249 | -€1,372 | -6.3% |
| Tangible fixed assets | 22/27 | €21,571 | €20,199 | -€1,372 | -6.4% |
| Land and buildings | 22 | €21,571 | €20,199 | -€1,372 | -6.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €57,527 | €52,504 | -€5,024 | -8.7% |
| Amounts receivable after more than one year | 29 | €36,045 | €43,834 | +€7,789 | +21.6% |
| Other amounts receivable | 291 | €36,045 | €43,834 | +€7,789 | +21.6% |
| Amounts receivable within one year | 40/41 | €18,935 | €8,490 | -€10,445 | -55.2% |
| Trade receivables | 40 | €17,022 | €8,214 | -€8,808 | -51.7% |
| Other amounts receivable | 41 | €1,913 | €276 | -€1,637 | -85.6% |
| Cash at bank and in hand | 54/58 | €2,547 | €146 | -€2,401 | -94.3% |
| Deferred charges and accrued income | 490/1 | - | €33 | +€33 | |
| Total equity and liabilities | 10/49 | €79,148 | €72,752 | -€6,395 | -8.1% |
| Equity | 10/15 | €51,162 | €42,366 | -€8,797 | -17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| 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 | €30,702 | €21,906 | -€8,797 | -28.7% |
| Amounts payable | 17/49 | €27,986 | €30,387 | +€2,401 | +8.6% |
| Amounts payable within one year | 42/48 | €27,986 | €29,537 | +€1,551 | +5.5% |
| Trade debts | 44 | €392 | €580 | +€188 | +48.0% |
| Suppliers | 440/4 | €392 | €580 | +€188 | +48.0% |
| Other amounts payable | 47/48 | €27,594 | €28,957 | +€1,363 | +4.9% |
| Accrued charges and deferred income | 492/3 | - | €850 | +€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,664 | €1,372 | -€292 | -17.6% |
| Other operating charges | 640/8 | €387 | €450 | +€62 | +16.1% |
| Gross operating margin | 9900 | €2,993 | -€6,821 | -€9,814 | |
| Operating profit (loss) | 9901 | €942 | -€8,642 | -€9,584 | |
| Financial charges | 65/66B | €83 | €154 | +€71 | +86.0% |
| Recurring financial charges | 65 | €83 | €154 | +€71 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €859 | -€8,797 | -€9,655 | |
| Income taxes | 67/77 | €45 | - | -€45 | |
| Profit (loss) for the period | 9904 | €814 | -€8,797 | -€9,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €814 | -€8,797 | -€9,610 |
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.