EXKEA: 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.
EXKEA
Largest movements
- Receivables within one year +€14,315
up €14,315 (+47.8%), from €29,935 to €44,250
of which Trade receivables: +€15,042
- Deferred charges and accrued income +€13,679
up €13,679 (+453%), from €3,021 to €16,700
- Cash +€9,358
up €9,358 (+30.0%), from €31,199 to €40,557
mainly Net result for the year (+€28,942) and Trade debts (+€7,597)
- Reserves +€28,506
up €28,506 (+47.1%), from €60,496 to €89,002
- Trade debts +€7,597
up €7,597 (+1,386%), from €548 to €8,145
- Gross operating margin +€21,894
up €21,894 (+101%), from €21,576 to €43,470
- Taxes +€6,164
up €6,164 (+222%), from €2,782 to €8,945
- Depreciation -€858
down €858 (-20.8%), from €4,119 to €3,261
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 | €76,647 | €114,347 | +€37,700 | +49.2% |
| Fixed assets | 21/28 | €12,492 | €12,840 | +€348 | +2.8% |
| Tangible fixed assets | 22/27 | €12,492 | €12,840 | +€348 | +2.8% |
| Plant, machinery and equipment | 23 | €1,720 | €1,822 | +€102 | +5.9% |
| Furniture and vehicles | 24 | €10,772 | €11,018 | +€246 | +2.3% |
| Current assets | 29/58 | €64,155 | €101,507 | +€37,352 | +58.2% |
| Amounts receivable within one year | 40/41 | €29,935 | €44,250 | +€14,315 | +47.8% |
| Trade receivables | 40 | €23,803 | €38,845 | +€15,042 | +63.2% |
| Other amounts receivable | 41 | €6,132 | €5,404 | -€727 | -11.9% |
| Cash at bank and in hand | 54/58 | €31,199 | €40,557 | +€9,358 | +30.0% |
| Deferred charges and accrued income | 490/1 | €3,021 | €16,700 | +€13,679 | +453% |
| Total equity and liabilities | 10/49 | €76,647 | €114,347 | +€37,700 | +49.2% |
| Equity | 10/15 | €66,260 | €95,202 | +€28,942 | +43.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,496 | €89,002 | +€28,506 | +47.1% |
| Distributable reserves | 133 | €60,496 | €89,002 | +€28,506 | +47.1% |
| Profit (loss) carried forward | 14 | -€436 | €0 | +€436 | |
| Amounts payable | 17/49 | €10,386 | €19,145 | +€8,759 | +84.3% |
| Amounts payable within one year | 42/48 | €10,333 | €18,585 | +€8,253 | +79.9% |
| Trade debts | 44 | €548 | €8,145 | +€7,597 | +1,386% |
| Suppliers | 440/4 | €548 | €8,145 | +€7,597 | +1,386% |
| Taxes, remuneration and social security | 45 | €9,785 | €10,440 | +€655 | +6.7% |
| Taxes | 450/3 | €9,785 | €8,236 | -€1,549 | -15.8% |
| Remuneration and social security | 454/9 | €0 | €2,204 | +€2,204 | |
| Accrued charges and deferred income | 492/3 | €54 | €560 | +€506 | +945% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,119 | €3,261 | -€858 | -20.8% |
| Other operating charges | 640/8 | €1,103 | €810 | -€293 | -26.6% |
| Non-recurring operating charges | 66A | - | €907 | +€907 | |
| Gross operating margin | 9900 | €21,576 | €43,470 | +€21,894 | +101% |
| Operating profit (loss) | 9901 | €16,354 | €38,493 | +€22,138 | +135% |
| Financial income | 75/76B | €268 | €311 | +€43 | +16.1% |
| Recurring financial income | 75 | €268 | €311 | +€43 | +16.1% |
| Financial charges | 65/66B | €546 | €917 | +€371 | +68.0% |
| Recurring financial charges | 65 | €546 | €917 | +€371 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €16,077 | €37,887 | +€21,810 | +136% |
| Income taxes | 67/77 | €2,782 | €8,945 | +€6,164 | +222% |
| Profit (loss) for the period | 9904 | €13,295 | €28,942 | +€15,647 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €13,295 | €28,942 | +€15,647 | +118% |
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.