EXFINCO: 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.
EXFINCO
Largest movements
- Receivables within one year -€8,863
down €8,863 (-45.0%), from €19,693 to €10,830
of which Trade receivables: -€11,313
- Cash +€8,409
up €8,409 (+36.1%), from €23,313 to €31,722
mainly Receivables within one year (+€8,863) and Deferred charges and accrued income (+€6,271)
- Deferred charges and accrued income -€6,271
down €6,271 (-99.7%), from €6,293 to €21
- Tangible fixed assets -€917
down €917 (-20.3%), from €4,517 to €3,600
of which Plant, machinery and equipment: -€467
- Tax, wage and social debts -€7,139
down €7,139 (-83.3%), from €8,570 to €1,431
- Trade debts -€2,258
down €2,258 (-96.8%), from €2,333 to €74
- Reserves +€1,755
up €1,755 (+7.3%), from €24,153 to €25,908
- Gross operating margin -€37,690
down €37,690 (-89.8%), from €41,990 to €4,300
- Financial charges -€1,623
down €1,623 (-93.9%), from €1,727 to €105
- Taxes -€663
down €663 (-46.3%), from €1,431 to €768
- Depreciation -€443
down €443 (-32.5%), from €1,360 to €917
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 | €53,816 | €46,173 | -€7,643 | -14.2% |
| Fixed assets | 21/28 | €4,517 | €3,600 | -€917 | -20.3% |
| Tangible fixed assets | 22/27 | €4,517 | €3,600 | -€917 | -20.3% |
| Land and buildings | 22 | €4,050 | €3,600 | -€450 | -11.1% |
| Plant, machinery and equipment | 23 | €467 | €0 | -€467 | -100% |
| Current assets | 29/58 | €49,299 | €42,573 | -€6,726 | -13.6% |
| Amounts receivable within one year | 40/41 | €19,693 | €10,830 | -€8,863 | -45.0% |
| Trade receivables | 40 | €19,693 | €8,380 | -€11,313 | -57.4% |
| Other amounts receivable | 41 | €0 | €2,450 | +€2,450 | |
| Cash at bank and in hand | 54/58 | €23,313 | €31,722 | +€8,409 | +36.1% |
| Deferred charges and accrued income | 490/1 | €6,293 | €21 | -€6,271 | -99.7% |
| Total equity and liabilities | 10/49 | €53,816 | €46,173 | -€7,643 | -14.2% |
| Equity | 10/15 | €42,753 | €44,508 | +€1,755 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,153 | €25,908 | +€1,755 | +7.3% |
| Distributable reserves | 133 | €24,153 | €25,908 | +€1,755 | +7.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,063 | €1,665 | -€9,397 | -84.9% |
| Amounts payable within one year | 42/48 | €11,063 | €1,665 | -€9,397 | -84.9% |
| Trade debts | 44 | €2,333 | €74 | -€2,258 | -96.8% |
| Suppliers | 440/4 | €2,333 | €74 | -€2,258 | -96.8% |
| Taxes, remuneration and social security | 45 | €8,570 | €1,431 | -€7,139 | -83.3% |
| Taxes | 450/3 | €8,570 | €1,431 | -€7,139 | -83.3% |
| Other amounts payable | 47/48 | €160 | €160 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,360 | €917 | -€443 | -32.5% |
| Other operating charges | 640/8 | €586 | €755 | +€169 | +28.9% |
| Gross operating margin | 9900 | €41,990 | €4,300 | -€37,690 | -89.8% |
| Operating profit (loss) | 9901 | €40,045 | €2,628 | -€37,417 | -93.4% |
| Financial charges | 65/66B | €1,727 | €105 | -€1,623 | -93.9% |
| Recurring financial charges | 65 | €1,727 | €105 | -€1,623 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €38,317 | €2,523 | -€35,794 | -93.4% |
| Income taxes | 67/77 | €1,431 | €768 | -€663 | -46.3% |
| Profit (loss) for the period | 9904 | €36,886 | €1,755 | -€35,132 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,886 | €1,755 | -€35,132 | -95.2% |
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 18 October 2026 via checked.be.