EXICAFI: 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.
EXICAFI
Largest movements
- Cash -€3,410
down €3,410 (-17.5%), from €19,471 to €16,061
mainly Net result for the year (-€8,980) and Investment in fixed assets (net) (-€1,357)
- Deferred charges and accrued income -€1,969
down €1,969 (-20.7%), from €9,519 to €7,550
- Tangible fixed assets +€592
up €592 (+23.8%), from €2,492 to €3,084
- Profit (loss) carried forward -€8,980
down €8,980 (-14.6%), from -€61,559 to -€70,539
- Other debts +€3,890
up €3,890 (+5.6%), from €69,217 to €73,107
- Trade debts +€827
up €827 (+62.1%), from €1,331 to €2,157
- Tax, wage and social debts -€524
down €524 (-25.1%), from €2,088 to €1,564
- Gross operating margin -€18,687
down €18,687, from €11,212 to -€7,475
- Depreciation -€422
down €422 (-35.5%), from €1,187 to €765
- Other operating charges -€114
down €114 (-18.3%), from €625 to €511
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 | €31,482 | €26,695 | -€4,787 | -15.2% |
| Fixed assets | 21/28 | €2,492 | €3,084 | +€592 | +23.8% |
| Tangible fixed assets | 22/27 | €2,492 | €3,084 | +€592 | +23.8% |
| Furniture and vehicles | 24 | €2,492 | €3,084 | +€592 | +23.8% |
| Current assets | 29/58 | €28,990 | €23,611 | -€5,379 | -18.6% |
| Cash at bank and in hand | 54/58 | €19,471 | €16,061 | -€3,410 | -17.5% |
| Deferred charges and accrued income | 490/1 | €9,519 | €7,550 | -€1,969 | -20.7% |
| Total equity and liabilities | 10/49 | €31,482 | €26,695 | -€4,787 | -15.2% |
| Equity | 10/15 | -€41,154 | -€50,134 | -€8,980 | -21.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,559 | -€70,539 | -€8,980 | -14.6% |
| Amounts payable | 17/49 | €72,636 | €76,829 | +€4,193 | +5.8% |
| Amounts payable within one year | 42/48 | €72,636 | €76,829 | +€4,193 | +5.8% |
| Trade debts | 44 | €1,331 | €2,157 | +€827 | +62.1% |
| Suppliers | 440/4 | €1,331 | €2,157 | +€827 | +62.1% |
| Taxes, remuneration and social security | 45 | €2,088 | €1,564 | -€524 | -25.1% |
| Taxes | 450/3 | €2,088 | €1,564 | -€524 | -25.1% |
| Other amounts payable | 47/48 | €69,217 | €73,107 | +€3,890 | +5.6% |
| Non-recurring operating income | 76A | €18,549 | - | -€18,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,187 | €765 | -€422 | -35.5% |
| Other operating charges | 640/8 | €625 | €511 | -€114 | -18.3% |
| Gross operating margin | 9900 | €11,212 | -€7,475 | -€18,687 | |
| Operating profit (loss) | 9901 | €9,401 | -€8,750 | -€18,151 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €9,350 | -€8,804 | -€18,154 | |
| Income taxes | 67/77 | €222 | €175 | -€47 | -21.2% |
| Profit (loss) for the period | 9904 | €9,127 | -€8,980 | -€18,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,127 | -€8,980 | -€18,107 |
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 26 October 2026 via checked.be.