EXELLIUM: what changed
What changed
EXELLIUM
NACE 62.900, Other information technology and computer services
filed annual accounts (NBB)
Net result for the year
€35,840
2024 · €40,876-€5,036
Equity
€356,694
2024 · €340,853+€15,840
Cash
€265,959
2024 · €240,916+€25,044
Balance sheet total
€479,921
2024 · €456,931+€22,990
Largest movements
Assets
- Cash +€25,044
up €25,044 (+10.4%), from €240,916 to €265,959
mainly Depreciation (+€65,262) and Net result for the year (+€35,840)
- Tangible fixed assets -€6,361
down €6,361 (-3.2%), from €195,771 to €189,409
of which Land and buildings: -€47,688
Equity and liabilities
- Reserves +€15,840
up €15,840 (+6.7%), from €238,018 to €253,858
of which Distributable reserves: +€15,840
- Tax, wage and social debts +€8,367
up €8,367 (+22.9%), from €36,554 to €44,921
- Current portion of long-term debt +€8,328
new in 2025: €8,328
- Debts after one year -€6,786
down €6,786 (-9.4%), from €72,034 to €65,247
of which Other amounts payable: -€30,100
Income statement
- Depreciation +€19,832
up €19,832 (+43.7%), from €45,431 to €65,262
- Gross operating margin +€8,342
up €8,342 (+7.2%), from €115,213 to €123,555
- Taxes -€7,914
down €7,914 (-30.0%), from €26,360 to €18,446
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,876
Gross operating margin
+€8,342
Depreciation
-€19,832
Other operating charges
-€2
Financial income
-€1,186
Financial charges
-€271
Taxes
+€7,914
Result 2025
€35,840
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€102,191
Investment
-€58,901
Financing
-€18,246
Cash 2024
€240,916
From operations (derived)
+€102,191
Net result for the year
+€35,840
Depreciation
+€65,262
Receivables within one year
-€4,293
Deferred charges and accrued income
-€14
Trade debts
-€1,111
Tax, wage and social debts
+€8,367
Other debts
-€639
Accrued charges and deferred income
-€1,222
Investment (derived)
-€58,901
Investment in fixed assets (net)
-€58,901
Financing
-€18,246
Debts after one year
-€6,786
Current portion of long-term debt
+€8,328
Short-term financial debts
+€212
Contributions, distributions and other
-€20,000
Cash 2025
€265,959
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,931 | €479,921 | +€22,990 | +5.0% |
| Fixed assets | 21/28 | €195,771 | €189,409 | -€6,361 | -3.2% |
| Tangible fixed assets | 22/27 | €195,771 | €189,409 | -€6,361 | -3.2% |
| Land and buildings | 22 | €180,298 | €132,610 | -€47,688 | -26.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €15,473 | €56,800 | +€41,327 | +267% |
| Current assets | 29/58 | €261,160 | €290,511 | +€29,351 | +11.2% |
| Amounts receivable within one year | 40/41 | €19,544 | €23,837 | +€4,293 | +22.0% |
| Trade receivables | 40 | €15,251 | €19,544 | +€4,293 | +28.1% |
| Other amounts receivable | 41 | €4,293 | €4,293 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €240,916 | €265,959 | +€25,044 | +10.4% |
| Deferred charges and accrued income | 490/1 | €701 | €715 | +€14 | +2.1% |
| Total equity and liabilities | 10/49 | €456,931 | €479,921 | +€22,990 | +5.0% |
| Equity | 10/15 | €340,853 | €356,694 | +€15,840 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €238,018 | €253,858 | +€15,840 | +6.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,940 | €3,940 | = | 0.0% |
| Distributable reserves | 133 | €234,078 | €249,918 | +€15,840 | +6.8% |
| Profit (loss) carried forward | 14 | €84,243 | €84,243 | = | 0.0% |
| Amounts payable | 17/49 | €116,077 | €123,227 | +€7,150 | +6.2% |
| Amounts payable after more than one year | 17 | €72,034 | €65,247 | -€6,786 | -9.4% |
| Financial debts | 170/4 | - | €23,314 | +€23,314 | |
| Other amounts payable | 178/9 | €72,034 | €41,934 | -€30,100 | -41.8% |
| Amounts payable within one year | 42/48 | €41,119 | €56,277 | +€15,158 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,328 | +€8,328 | |
| Financial debts | 43 | €0 | €212 | +€212 | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | - | €212 | +€212 | |
| Trade debts | 44 | €3,891 | €2,781 | -€1,111 | -28.5% |
| Suppliers | 440/4 | €3,891 | €2,781 | -€1,111 | -28.5% |
| Taxes, remuneration and social security | 45 | €36,554 | €44,921 | +€8,367 | +22.9% |
| Taxes | 450/3 | €36,554 | €44,921 | +€8,367 | +22.9% |
| Other amounts payable | 47/48 | €673 | €35 | -€639 | -94.9% |
| Accrued charges and deferred income | 492/3 | €2,925 | €1,703 | -€1,222 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,431 | €65,262 | +€19,832 | +43.7% |
| Other operating charges | 640/8 | €1,994 | €1,995 | +€2 | +0.1% |
| Gross operating margin | 9900 | €115,213 | €123,555 | +€8,342 | +7.2% |
| Operating profit (loss) | 9901 | €67,789 | €56,297 | -€11,492 | -17.0% |
| Financial income | 75/76B | €2,574 | €1,388 | -€1,186 | -46.1% |
| Recurring financial income | 75 | €2,574 | €1,388 | -€1,186 | -46.1% |
| Financial charges | 65/66B | €3,127 | €3,399 | +€271 | +8.7% |
| Recurring financial charges | 65 | €3,127 | €3,399 | +€271 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €67,236 | €54,286 | -€12,949 | -19.3% |
| Income taxes | 67/77 | €26,360 | €18,446 | -€7,914 | -30.0% |
| Profit (loss) for the period | 9904 | €40,876 | €35,840 | -€5,036 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,876 | €35,840 | -€5,036 | -12.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.