EXETERA: 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.
EXETERA
Largest movements
- Financial fixed assets +€100,531
new in 2025: €100,531
- Tangible fixed assets -€43,810
down €43,810 (-4.6%), from €955,156 to €911,346
- Receivables within one year +€10,568
up €10,568 (+103.0%), from €10,260 to €20,828
of which Trade receivables: +€8,442
- Debts after one year +€62,932
up €62,932 (+8.7%), from €719,838 to €782,769
of which Other amounts payable: +€102,123
- Profit (loss) carried forward -€59,617
down €59,617 (-75.1%), from -€79,376 to -€138,993
- Other debts +€58,987
up €58,987 (+56.0%), from €105,355 to €164,341
- Trade debts +€11,390
up €11,390 (+149.5%), from €7,617 to €19,007
- Gross operating margin -€56,661
down €56,661, from €54,877 to -€1,783
- Depreciation +€3,253
up €3,253 (+7.5%), from €43,222 to €46,475
- Financial charges +€1,824
up €1,824 (+16.3%), from €11,183 to €13,007
- Other operating charges +€1,331
up €1,331 (+40.1%), from €3,323 to €4,654
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 | €980,685 | €1,055,267 | +€74,582 | +7.6% |
| Fixed assets | 21/28 | €955,156 | €1,011,876 | +€56,721 | +5.9% |
| Tangible fixed assets | 22/27 | €955,156 | €911,346 | -€43,810 | -4.6% |
| Land and buildings | 22 | €555,522 | €540,023 | -€15,499 | -2.8% |
| Plant, machinery and equipment | 23 | €354,339 | €334,356 | -€19,983 | -5.6% |
| Furniture and vehicles | 24 | €45,295 | €36,966 | -€8,329 | -18.4% |
| Financial fixed assets | 28 | - | €100,531 | +€100,531 | |
| Current assets | 29/58 | €25,529 | €43,390 | +€17,861 | +70.0% |
| Amounts receivable within one year | 40/41 | €10,260 | €20,828 | +€10,568 | +103.0% |
| Trade receivables | 40 | €6,207 | €14,649 | +€8,442 | +136.0% |
| Other amounts receivable | 41 | €4,053 | €6,179 | +€2,126 | +52.4% |
| Cash at bank and in hand | 54/58 | €14,457 | €21,455 | +€6,998 | +48.4% |
| Deferred charges and accrued income | 490/1 | €812 | €1,107 | +€295 | +36.3% |
| Total equity and liabilities | 10/49 | €980,685 | €1,055,267 | +€74,582 | +7.6% |
| Equity | 10/15 | €66,302 | €1,717 | -€64,585 | -97.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,078 | €122,110 | -€4,968 | -3.9% |
| Tax-exempt reserves | 132 | €125,218 | €120,250 | -€4,968 | -4.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,376 | -€138,993 | -€59,617 | -75.1% |
| Provisions and deferred taxes | 16 | €41,102 | €39,446 | -€1,656 | -4.0% |
| Deferred taxes | 168 | €41,102 | €39,446 | -€1,656 | -4.0% |
| Amounts payable | 17/49 | €873,281 | €1,014,103 | +€140,822 | +16.1% |
| Amounts payable after more than one year | 17 | €719,838 | €782,769 | +€62,932 | +8.7% |
| Financial debts | 170/4 | €719,838 | €680,646 | -€39,192 | -5.4% |
| Other amounts payable | 178/9 | - | €102,123 | +€102,123 | |
| Amounts payable within one year | 42/48 | €153,443 | €231,334 | +€77,891 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €38,690 | €39,192 | +€501 | +1.3% |
| Trade debts | 44 | €7,617 | €19,007 | +€11,390 | +149.5% |
| Suppliers | 440/4 | €7,617 | €19,007 | +€11,390 | +149.5% |
| Taxes, remuneration and social security | 45 | €1,781 | €8,794 | +€7,013 | +393.8% |
| Taxes | 450/3 | €1,781 | €8,794 | +€7,013 | +393.8% |
| Other amounts payable | 47/48 | €105,355 | €164,341 | +€58,987 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,222 | €46,475 | +€3,253 | +7.5% |
| Other operating charges | 640/8 | €3,323 | €4,654 | +€1,331 | +40.1% |
| Gross operating margin | 9900 | €54,877 | -€1,783 | -€56,661 | |
| Operating profit (loss) | 9901 | €8,332 | -€52,912 | -€61,244 | |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €11,183 | €13,007 | +€1,824 | +16.3% |
| Recurring financial charges | 65 | €11,183 | €13,007 | +€1,824 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,850 | -€65,835 | -€62,984 | -2209.8% |
| Transfer from deferred taxes | 780 | €1,656 | €1,656 | = | 0.0% |
| Transfer to deferred taxes | 680 | €256 | - | -€256 | |
| Income taxes | 67/77 | - | €406 | +€406 | |
| Profit (loss) for the period | 9904 | -€1,450 | -€64,585 | -€63,135 | -4354.2% |
| Transfer from tax-exempt reserves | 789 | €4,968 | €4,968 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,518 | -€59,617 | -€63,135 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.