EXELMANS: what changed
What changed
EXELMANS
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€14,898
2024 · -€6,045-€8,853
Equity
€156,848
2024 · €171,746-€14,898
Cash
€46,116
2024 · €28,256+€17,860
Balance sheet total
€206,187
2024 · €211,423-€5,236
Largest movements
Assets
- Stocks and contracts -€23,125
down €23,125 (-36.0%), from €64,239 to €41,114
- Cash +€17,860
up €17,860 (+63.2%), from €28,256 to €46,116
mainly Stocks and contracts (+€23,125) and Other debts (+€5,003)
Equity and liabilities
- Profit (loss) carried forward -€14,898
down €14,898 (-28.7%), from €51,875 to €36,977
- Other debts +€5,003
up €5,003 (+15.3%), from €32,705 to €37,708
- Accrued charges and deferred income +€3,561
up €3,561 (+993%), from €359 to €3,920
Income statement
- Gross operating margin -€8,115
down €8,115, from €4,970 to -€3,145
- Other operating charges +€827
up €827 (+11.5%), from €7,163 to €7,990
- Financial charges -€66
down €66 (-3.4%), from €1,953 to €1,887
- Depreciation -€56
down €56 (-2.6%), from €2,162 to €2,106
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
-€6,045
Gross operating margin
-€8,115
Depreciation
+€56
Other operating charges
-€827
Financial income
-€33
Financial charges
+€66
Result 2025
-€14,898
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
+€17,860
Investment
€0
Financing
€0
Cash 2024
€28,256
From operations (derived)
+€17,860
Net result for the year
-€14,898
Depreciation
+€2,106
Stocks and contracts
+€23,125
Receivables within one year
-€1,856
Deferred charges and accrued income
-€280
Trade debts
+€1,277
Tax, wage and social debts
-€179
Other debts
+€5,003
Accrued charges and deferred income
+€3,561
Cash 2025
€46,116
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,423 | €206,187 | -€5,236 | -2.5% |
| Fixed assets | 21/28 | €103,048 | €100,942 | -€2,106 | -2.0% |
| Intangible fixed assets | 21 | €399 | €0 | -€399 | -100% |
| Tangible fixed assets | 22/27 | €102,649 | €100,942 | -€1,707 | -1.7% |
| Land and buildings | 22 | €101,231 | €100,879 | -€352 | -0.3% |
| Plant, machinery and equipment | 23 | €1,418 | €63 | -€1,355 | -95.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €108,375 | €105,246 | -€3,130 | -2.9% |
| Stocks and contracts in progress | 3 | €64,239 | €41,114 | -€23,125 | -36.0% |
| Stocks | 30/36 | €64,239 | €41,114 | -€23,125 | -36.0% |
| Amounts receivable within one year | 40/41 | €12,262 | €14,117 | +€1,856 | +15.1% |
| Trade receivables | 40 | €553 | €280 | -€273 | -49.4% |
| Other amounts receivable | 41 | €11,709 | €13,837 | +€2,129 | +18.2% |
| Cash at bank and in hand | 54/58 | €28,256 | €46,116 | +€17,860 | +63.2% |
| Deferred charges and accrued income | 490/1 | €3,619 | €3,899 | +€280 | +7.7% |
| Total equity and liabilities | 10/49 | €211,423 | €206,187 | -€5,236 | -2.5% |
| Equity | 10/15 | €171,746 | €156,848 | -€14,898 | -8.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €74,871 | €74,871 | = | 0.0% |
| Distributable reserves | 133 | €74,871 | €74,871 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,875 | €36,977 | -€14,898 | -28.7% |
| Amounts payable | 17/49 | €39,677 | €49,340 | +€9,663 | +24.4% |
| Amounts payable within one year | 42/48 | €39,319 | €45,420 | +€6,101 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,532 | €6,809 | +€1,277 | +23.1% |
| Suppliers | 440/4 | €5,532 | €6,809 | +€1,277 | +23.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,082 | €903 | -€179 | -16.5% |
| Taxes | 450/3 | €1,082 | €903 | -€179 | -16.5% |
| Other amounts payable | 47/48 | €32,705 | €37,708 | +€5,003 | +15.3% |
| Accrued charges and deferred income | 492/3 | €359 | €3,920 | +€3,561 | +993% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €2,106 | -€56 | -2.6% |
| Other operating charges | 640/8 | €7,163 | €7,990 | +€827 | +11.5% |
| Gross operating margin | 9900 | €4,970 | -€3,145 | -€8,115 | |
| Operating profit (loss) | 9901 | -€4,355 | -€13,241 | -€8,886 | -204% |
| Financial income | 75/76B | €263 | €229 | -€33 | -12.7% |
| Recurring financial income | 75 | €263 | €229 | -€33 | -12.7% |
| Financial charges | 65/66B | €1,953 | €1,887 | -€66 | -3.4% |
| Recurring financial charges | 65 | €1,953 | €1,887 | -€66 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,045 | -€14,898 | -€8,853 | -146% |
| Profit (loss) for the period | 9904 | -€6,045 | -€14,898 | -€8,853 | -146% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,045 | -€14,898 | -€8,853 | -146% |
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 2 November 2026 via checked.be.