EXKIES: 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.
EXKIES
Largest movements
- Tangible fixed assets -€44,764
down €44,764 (-9.3%), from €480,452 to €435,688
of which Land and buildings: -€33,533
- Receivables within one year +€13,448
new in 2025: €13,448
- Deferred charges and accrued income -€9,285
down €9,285 (-87.1%), from €10,660 to €1,375
- Debts after one year -€33,858
down €33,858 (-8.4%), from €405,105 to €371,247
- Tax, wage and social debts -€26,455
no longer reported in 2025 (was €26,455)
of which Taxes: -€23,376
- Trade debts +€24,159
up €24,159 (+13572.5%), from €178 to €24,337
- Other debts -€21,676
down €21,676 (-9.7%), from €223,627 to €201,951
- Current portion of long-term debt +€17,694
up €17,694 (+53.9%), from €32,831 to €50,525
No income-statement line moved by more than 1% of the activity.
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 | €889,599 | €850,915 | -€38,684 | -4.3% |
| Fixed assets | 21/28 | €480,452 | €435,688 | -€44,764 | -9.3% |
| Tangible fixed assets | 22/27 | €480,452 | €435,688 | -€44,764 | -9.3% |
| Land and buildings | 22 | €447,451 | €413,918 | -€33,533 | -7.5% |
| Plant, machinery and equipment | 23 | €31,484 | €21,250 | -€10,234 | -32.5% |
| Furniture and vehicles | 24 | €1,517 | €520 | -€997 | -65.7% |
| Current assets | 29/58 | €409,147 | €415,227 | +€6,080 | +1.5% |
| Amounts receivable within one year | 40/41 | - | €13,448 | +€13,448 | |
| Other amounts receivable | 41 | - | €13,448 | +€13,448 | |
| Cash at bank and in hand | 54/58 | €398,487 | €400,404 | +€1,917 | +0.5% |
| Deferred charges and accrued income | 490/1 | €10,660 | €1,375 | -€9,285 | -87.1% |
| Total equity and liabilities | 10/49 | €889,599 | €850,915 | -€38,684 | -4.3% |
| Equity | 10/15 | €201,403 | €202,855 | +€1,452 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,803 | €184,255 | +€1,452 | +0.8% |
| Distributable reserves | 133 | €182,803 | €184,255 | +€1,452 | +0.8% |
| Amounts payable | 17/49 | €688,196 | €648,060 | -€40,136 | -5.8% |
| Amounts payable after more than one year | 17 | €405,105 | €371,247 | -€33,858 | -8.4% |
| Financial debts | 170/4 | €405,105 | €371,247 | -€33,858 | -8.4% |
| Amounts payable within one year | 42/48 | €283,091 | €276,813 | -€6,278 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €32,831 | €50,525 | +€17,694 | +53.9% |
| Trade debts | 44 | €178 | €24,337 | +€24,159 | +13572.5% |
| Suppliers | 440/4 | €178 | €24,337 | +€24,159 | +13572.5% |
| Taxes, remuneration and social security | 45 | €26,455 | - | -€26,455 | |
| Taxes | 450/3 | €23,376 | - | -€23,376 | |
| Remuneration and social security | 454/9 | €3,079 | - | -€3,079 | |
| Other amounts payable | 47/48 | €223,627 | €201,951 | -€21,676 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,362 | €49,454 | +€92 | +0.2% |
| Gross operating margin | 9900 | €361,340 | €359,048 | -€2,292 | -0.6% |
| Operating profit (loss) | 9901 | €311,978 | €309,594 | -€2,384 | -0.8% |
| Financial income | 75/76B | €7,080 | €3,693 | -€3,387 | -47.8% |
| Recurring financial income | 75 | €7,080 | €3,693 | -€3,387 | -47.8% |
| Financial charges | 65/66B | €17,162 | €16,077 | -€1,085 | -6.3% |
| Recurring financial charges | 65 | €17,162 | €16,077 | -€1,085 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €301,896 | €297,210 | -€4,686 | -1.6% |
| Income taxes | 67/77 | €72,534 | €75,758 | +€3,224 | +4.4% |
| Profit (loss) for the period | 9904 | €229,362 | €221,452 | -€7,910 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €229,362 | €221,452 | -€7,910 | -3.4% |
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 10 October 2026 via checked.be.