Exellia Coatings: 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.
Exellia Coatings
Largest movements
- Stocks and contracts +€473,672
up €473,672 (+25.1%), from €1.9m to €2.4m
- Tangible fixed assets +€74,928
up €74,928 (+144%), from €52,070 to €126,998
of which Other tangible fixed assets: +€86,423
- Receivables within one year -€59,133
down €59,133 (-3.9%), from €1.5m to €1.4m
of which Trade receivables: -€45,982
- Reserves +€252,698
up €252,698 (+18.9%), from €1.3m to €1.6m
of which Distributable reserves: +€168,498
- Trade debts +€224,978
up €224,978 (+15.7%), from €1.4m to €1.7m
- Short-term financial debts -€115,872
down €115,872 (-48.9%), from €236,872 to €121,000
- Current portion of long-term debt +€105,468
up €105,468 (+425%), from €24,805 to €130,273
- Tax, wage and social debts -€64,860
down €64,860 (-35.0%), from €185,360 to €120,500
of which Remuneration and social security: -€48,445
- Gross operating margin -€225,562
down €225,562 (-21.6%), from €1.0m to €819,021
- Staff costs -€73,530
down €73,530 (-17.7%), from €414,896 to €341,366
- Taxes -€60,790
down €60,790 (-34.7%), from €175,011 to €114,222
- Financial charges -€13,213
down €13,213 (-29.5%), from €44,758 to €31,545
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 | €3,495,296 | €3,983,168 | +€487,872 | +14.0% |
| Fixed assets | 21/28 | €85,213 | €140,238 | +€55,025 | +64.6% |
| Intangible fixed assets | 21 | €16,243 | €6,240 | -€10,004 | -61.6% |
| Tangible fixed assets | 22/27 | €52,070 | €126,998 | +€74,928 | +144% |
| Plant, machinery and equipment | 23 | €19,315 | €7,390 | -€11,926 | -61.7% |
| Furniture and vehicles | 24 | €1,452 | €1,883 | +€431 | +29.7% |
| Other tangible fixed assets | 26 | €31,302 | €117,725 | +€86,423 | +276% |
| Financial fixed assets | 28 | €16,900 | €7,000 | -€9,900 | -58.6% |
| Current assets | 29/58 | €3,410,083 | €3,842,930 | +€432,848 | +12.7% |
| Stocks and contracts in progress | 3 | €1,890,402 | €2,364,074 | +€473,672 | +25.1% |
| Stocks | 30/36 | €1,890,402 | €2,364,074 | +€473,672 | +25.1% |
| Amounts receivable within one year | 40/41 | €1,504,932 | €1,445,800 | -€59,133 | -3.9% |
| Trade receivables | 40 | €1,414,265 | €1,368,283 | -€45,982 | -3.3% |
| Other amounts receivable | 41 | €90,667 | €77,516 | -€13,151 | -14.5% |
| Cash at bank and in hand | 54/58 | €8,041 | €24,281 | +€16,240 | +202% |
| Deferred charges and accrued income | 490/1 | €6,708 | €8,776 | +€2,068 | +30.8% |
| Total equity and liabilities | 10/49 | €3,495,296 | €3,983,168 | +€487,872 | +14.0% |
| Equity | 10/15 | €1,577,439 | €1,830,137 | +€252,698 | +16.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €1,333,806 | €1,586,504 | +€252,698 | +18.9% |
| Tax-exempt reserves | 132 | €210,500 | €294,700 | +€84,200 | +40.0% |
| Distributable reserves | 133 | €1,123,306 | €1,291,804 | +€168,498 | +15.0% |
| Profit (loss) carried forward | 14 | €208,633 | €208,633 | = | 0.0% |
| Amounts payable | 17/49 | €1,917,857 | €2,153,031 | +€235,175 | +12.3% |
| Amounts payable after more than one year | 17 | €4,489 | €31,981 | +€27,492 | +612% |
| Financial debts | 170/4 | €4,489 | €31,981 | +€27,492 | +612% |
| Amounts payable within one year | 42/48 | €1,913,368 | €2,121,051 | +€207,683 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €24,805 | €130,273 | +€105,468 | +425% |
| Financial debts | 43 | €236,872 | €121,000 | -€115,872 | -48.9% |
| Credit institutions | 430/8 | €236,872 | €121,000 | -€115,872 | -48.9% |
| Trade debts | 44 | €1,433,338 | €1,658,316 | +€224,978 | +15.7% |
| Suppliers | 440/4 | €1,433,338 | €1,658,316 | +€224,978 | +15.7% |
| Taxes, remuneration and social security | 45 | €185,360 | €120,500 | -€64,860 | -35.0% |
| Taxes | 450/3 | €118,314 | €101,899 | -€16,415 | -13.9% |
| Remuneration and social security | 454/9 | €67,046 | €18,601 | -€48,445 | -72.3% |
| Other amounts payable | 47/48 | €32,992 | €90,961 | +€57,969 | +176% |
| Remuneration, social security and pensions | 62 | €414,896 | €341,366 | -€73,530 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,009 | €39,802 | +€1,793 | +4.7% |
| Other operating charges | 640/8 | €5,378 | €14,305 | +€8,927 | +166% |
| Gross operating margin | 9900 | €1,044,583 | €819,021 | -€225,562 | -21.6% |
| Operating profit (loss) | 9901 | €586,299 | €423,548 | -€162,751 | -27.8% |
| Financial income | 75/76B | - | €4,916 | +€4,916 | |
| Recurring financial income | 75 | - | €4,916 | +€4,916 | |
| Financial charges | 65/66B | €44,758 | €31,545 | -€13,213 | -29.5% |
| Recurring financial charges | 65 | €44,758 | €31,545 | -€13,213 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €541,541 | €396,919 | -€144,622 | -26.7% |
| Income taxes | 67/77 | €175,011 | €114,222 | -€60,790 | -34.7% |
| Profit (loss) for the period | 9904 | €366,530 | €282,698 | -€83,832 | -22.9% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €84,200 | +€21,050 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €303,380 | €198,498 | -€104,882 | -34.6% |
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 16 October 2026 via checked.be.