EXICES: 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.
EXICES
Largest movements
- Cash +€31,868
up €31,868 (+142.5%), from €22,359 to €54,227
mainly Advances received (+€20,942) and Net result for the year (+€14,269)
- Receivables after one year -€13,155
down €13,155 (-33.3%), from €39,503 to €26,348
of which Trade receivables: -€11,178
- Advances received +€20,942
new in 2025: €20,942
- Trade debts -€17,640
down €17,640 (-89.8%), from €19,644 to €2,004
- Profit (loss) carried forward +€14,269
up €14,269 (+784.9%), from €1,818 to €16,087
- Other debts +€1,142
up €1,142 (+5.5%), from €20,849 to €21,991
- Gross operating margin +€15,419
up €15,419, from -€116 to €15,303
- Financial charges +€559
up €559 (+164.9%), from €339 to €898
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 | €62,762 | €81,475 | +€18,713 | +29.8% |
| Fixed assets | 21/28 | €900 | €900 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €61,862 | €80,575 | +€18,713 | +30.2% |
| Amounts receivable after more than one year | 29 | €39,503 | €26,348 | -€13,155 | -33.3% |
| Trade receivables | 290 | €30,181 | €19,003 | -€11,178 | -37.0% |
| Other amounts receivable | 291 | €9,322 | €7,345 | -€1,977 | -21.2% |
| Cash at bank and in hand | 54/58 | €22,359 | €54,227 | +€31,868 | +142.5% |
| Total equity and liabilities | 10/49 | €62,762 | €81,475 | +€18,713 | +29.8% |
| Equity | 10/15 | €22,269 | €36,538 | +€14,269 | +64.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,818 | €16,087 | +€14,269 | +784.9% |
| Amounts payable | 17/49 | €40,493 | €44,937 | +€4,444 | +11.0% |
| Amounts payable within one year | 42/48 | €40,493 | €44,937 | +€4,444 | +11.0% |
| Trade debts | 44 | €19,644 | €2,004 | -€17,640 | -89.8% |
| Suppliers | 440/4 | €19,644 | €2,004 | -€17,640 | -89.8% |
| Advances received on contracts in progress | 46 | - | €20,942 | +€20,942 | |
| Other amounts payable | 47/48 | €20,849 | €21,991 | +€1,142 | +5.5% |
| Other operating charges | 640/8 | - | €136 | +€136 | |
| Gross operating margin | 9900 | -€116 | €15,303 | +€15,419 | |
| Operating profit (loss) | 9901 | -€116 | €15,167 | +€15,283 | |
| Financial charges | 65/66B | €339 | €898 | +€559 | +164.9% |
| Recurring financial charges | 65 | €339 | €898 | +€559 | +164.9% |
| Profit (loss) for the period before taxes | 9903 | -€455 | €14,269 | +€14,724 | |
| Profit (loss) for the period | 9904 | -€455 | €14,269 | +€14,724 | |
| Profit (loss) for the period to be appropriated | 9905 | -€455 | €14,269 | +€14,724 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.