Exetco: what changed
Two fiscal 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.
Exetco
Largest movements
- Cash +€44,050
up €44,050 (+75.5%), from €58,362 to €102,412
mainly Net result for the year (+€57,475) and Other debts (+€38,007)
- Receivables within one year +€35,821
up €35,821 (+152.7%), from €23,453 to €59,274
- Other debts +€38,007
new in 2025: €38,007
- Profit (loss) carried forward +€17,475
up €17,475 (+57.1%), from €30,596 to €48,071
- Tax, wage and social debts +€17,406
up €17,406 (+336.4%), from €5,174 to €22,580
of which Taxes: +€17,433
- Trade debts +€6,380
up €6,380 (+23216.7%), from €27 to €6,407
- Gross operating margin +€44,323
up €44,323 (+130.8%), from €33,890 to €78,213
- Taxes +€13,190
up €13,190 (+190.9%), from €6,909 to €20,099
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 | €83,797 | €163,065 | +€79,268 | +94.6% |
| Fixed assets | 21/28 | €1,658 | €1,078 | -€580 | -35.0% |
| Tangible fixed assets | 22/27 | €1,658 | €1,078 | -€580 | -35.0% |
| Plant, machinery and equipment | 23 | €1,658 | €1,078 | -€580 | -35.0% |
| Current assets | 29/58 | €82,139 | €161,987 | +€79,848 | +97.2% |
| Amounts receivable within one year | 40/41 | €23,453 | €59,274 | +€35,821 | +152.7% |
| Trade receivables | 40 | €23,453 | €59,274 | +€35,821 | +152.7% |
| Cash at bank and in hand | 54/58 | €58,362 | €102,412 | +€44,050 | +75.5% |
| Deferred charges and accrued income | 490/1 | €324 | €300 | -€24 | -7.3% |
| Total equity and liabilities | 10/49 | €83,797 | €163,065 | +€79,268 | +94.6% |
| Equity | 10/15 | €78,596 | €96,071 | +€17,475 | +22.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,596 | €48,071 | +€17,475 | +57.1% |
| Amounts payable | 17/49 | €5,201 | €66,995 | +€61,793 | +1188.1% |
| Amounts payable within one year | 42/48 | €5,201 | €66,995 | +€61,793 | +1188.1% |
| Trade debts | 44 | €27 | €6,407 | +€6,380 | +23216.7% |
| Suppliers | 440/4 | €27 | €6,407 | +€6,380 | +23216.7% |
| Taxes, remuneration and social security | 45 | €5,174 | €22,580 | +€17,406 | +336.4% |
| Taxes | 450/3 | €5,147 | €22,580 | +€17,433 | +338.7% |
| Remuneration and social security | 454/9 | €27 | - | -€27 | |
| Other amounts payable | 47/48 | - | €38,007 | +€38,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €580 | = | 0.0% |
| Gross operating margin | 9900 | €33,890 | €78,213 | +€44,323 | +130.8% |
| Operating profit (loss) | 9901 | €33,310 | €77,633 | +€44,323 | +133.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €54 | €59 | +€6 | +10.3% |
| Recurring financial charges | 65 | €54 | €59 | +€6 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €33,256 | €77,574 | +€44,317 | +133.3% |
| Income taxes | 67/77 | €6,909 | €20,099 | +€13,190 | +190.9% |
| Profit (loss) for the period | 9904 | €26,347 | €57,475 | +€31,128 | +118.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,347 | €57,475 | +€31,128 | +118.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.