EXINEL: 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.
EXINEL
Largest movements
- Receivables within one year +€56,463
up €56,463 (+106%), from €53,509 to €109,972
of which Trade receivables: +€50,914
- Cash -€27,896
down €27,896 (-36.3%), from €76,801 to €48,905
mainly Receivables within one year (-€56,463) and Investment in fixed assets (net) (-€1,482)
- Reserves +€22,333
up €22,333 (+25.7%), from €86,812 to €109,146
of which Distributable reserves: +€22,333
- Tax, wage and social debts +€4,597
up €4,597 (+21.4%), from €21,445 to €26,042
- Trade debts +€1,960
up €1,960 (+92.3%), from €2,123 to €4,082
- Gross operating margin -€6,404
down €6,404 (-15.3%), from €41,976 to €35,572
- Depreciation -€5,351
down €5,351 (-84.5%), from €6,334 to €983
- Other operating charges +€1,014
up €1,014 (+22.8%), from €4,444 to €5,458
- Financial charges -€565
down €565 (-34.4%), from €1,640 to €1,075
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,089 | €162,001 | +€28,912 | +21.7% |
| Fixed assets | 21/28 | €1,194 | €1,693 | +€499 | +41.8% |
| Tangible fixed assets | 22/27 | €1,194 | €1,693 | +€499 | +41.8% |
| Plant, machinery and equipment | 23 | €725 | €364 | -€361 | -49.7% |
| Furniture and vehicles | 24 | €469 | €1,328 | +€860 | +183% |
| Current assets | 29/58 | €131,895 | €160,308 | +€28,413 | +21.5% |
| Amounts receivable within one year | 40/41 | €53,509 | €109,972 | +€56,463 | +106% |
| Trade receivables | 40 | €8,038 | €58,952 | +€50,914 | +633% |
| Other amounts receivable | 41 | €45,471 | €51,020 | +€5,549 | +12.2% |
| Cash at bank and in hand | 54/58 | €76,801 | €48,905 | -€27,896 | -36.3% |
| Deferred charges and accrued income | 490/1 | €1,584 | €1,430 | -€154 | -9.7% |
| Total equity and liabilities | 10/49 | €133,089 | €162,001 | +€28,912 | +21.7% |
| Equity | 10/15 | €99,212 | €121,546 | +€22,333 | +22.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €86,812 | €109,146 | +€22,333 | +25.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €84,812 | €107,146 | +€22,333 | +26.3% |
| Amounts payable | 17/49 | €33,876 | €40,455 | +€6,579 | +19.4% |
| Amounts payable within one year | 42/48 | €32,463 | €39,020 | +€6,557 | +20.2% |
| Trade debts | 44 | €2,123 | €4,082 | +€1,960 | +92.3% |
| Suppliers | 440/4 | €2,123 | €4,082 | +€1,960 | +92.3% |
| Advances received on contracts in progress | 46 | €5,896 | €5,896 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,445 | €26,042 | +€4,597 | +21.4% |
| Taxes | 450/3 | €21,445 | €26,042 | +€4,597 | +21.4% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,413 | €1,435 | +€22 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,334 | €983 | -€5,351 | -84.5% |
| Other operating charges | 640/8 | €4,444 | €5,458 | +€1,014 | +22.8% |
| Gross operating margin | 9900 | €41,976 | €35,572 | -€6,404 | -15.3% |
| Operating profit (loss) | 9901 | €31,198 | €29,131 | -€2,067 | -6.6% |
| Financial income | 75/76B | €2,210 | €2,244 | +€35 | +1.6% |
| Recurring financial income | 75 | €2,210 | €2,244 | +€35 | +1.6% |
| Financial charges | 65/66B | €1,640 | €1,075 | -€565 | -34.4% |
| Recurring financial charges | 65 | €1,640 | €1,075 | -€565 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €31,768 | €30,300 | -€1,467 | -4.6% |
| Income taxes | 67/77 | €8,222 | €7,967 | -€255 | -3.1% |
| Profit (loss) for the period | 9904 | €23,546 | €22,333 | -€1,212 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,546 | €22,333 | -€1,212 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.