EXL: 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.
EXL
Largest movements
- Receivables within one year -€3.0m
down €3.0m (-18.6%), from €15.9m to €12.9m
- Profit (loss) carried forward -€4.0m
down €4.0m (-104.2%), from -€3.8m to -€7.8m
- Other debts +€541,103
up €541,103 (+4.7%), from €11.5m to €12.0m
- Debts after one year +€254,284
up €254,284 (+3.2%), from €8.0m to €8.2m
of which Financial debts: +€8.2m
- Financial charges +€3.8m
up €3.8m (+489.2%), from €783,978 to €4.6m
- Taxes +€36,281
up €36,281 (+331.2%), from €10,955 to €47,236
- Financial income +€28,297
up €28,297 (+4.1%), from €685,050 to €713,347
of which Financial income: +€21,411
- Gross operating margin -€5,945
down €5,945 (-509.7%), from -€1,166 to -€7,111
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,597,125 | €13,561,013 | -€3.0m | -18.3% |
| Fixed assets | 21/28 | €9,500 | €9,500 | = | 0.0% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €16,587,625 | €13,551,513 | -€3.0m | -18.3% |
| Amounts receivable within one year | 40/41 | €15,902,575 | €12,938,502 | -€3.0m | -18.6% |
| Other amounts receivable | 41 | €15,902,575 | €12,938,502 | -€3.0m | -18.6% |
| Deferred charges and accrued income | 490/1 | €685,050 | €613,011 | -€72,039 | -10.5% |
| Total equity and liabilities | 10/49 | €16,597,125 | €13,561,013 | -€3.0m | -18.3% |
| Equity | 10/15 | -€3,732,246 | -€7,693,597 | -€4.0m | -106.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,800,446 | -€7,761,797 | -€4.0m | -104.2% |
| Amounts payable | 17/49 | €20,329,370 | €21,254,610 | +€925,240 | +4.6% |
| Amounts payable after more than one year | 17 | €7,978,796 | €8,233,081 | +€254,284 | +3.2% |
| Financial debts | 170/4 | - | €8,233,081 | +€8.2m | |
| Other amounts payable | 178/9 | €7,978,796 | - | -€8.0m | |
| Amounts payable within one year | 42/48 | €11,566,596 | €12,163,315 | +€596,719 | +5.2% |
| Trade debts | 44 | €86,920 | €95,739 | +€8,819 | +10.1% |
| Suppliers | 440/4 | €86,920 | €95,739 | +€8,819 | +10.1% |
| Taxes, remuneration and social security | 45 | €200 | €46,996 | +€46,796 | +23398.2% |
| Taxes | 450/3 | €200 | €46,996 | +€46,796 | +23398.2% |
| Other amounts payable | 47/48 | €11,479,476 | €12,020,579 | +€541,103 | +4.7% |
| Accrued charges and deferred income | 492/3 | €783,978 | €858,215 | +€74,237 | +9.5% |
| Other operating charges | 640/8 | €1,302 | €1,268 | -€34 | -2.6% |
| Gross operating margin | 9900 | -€1,166 | -€7,111 | -€5,945 | -509.7% |
| Operating profit (loss) | 9901 | -€2,469 | -€8,380 | -€5,911 | -239.4% |
| Financial income | 75/76B | €685,050 | €713,347 | +€28,297 | +4.1% |
| Recurring financial income | 75 | €685,050 | €706,460 | +€21,411 | +3.1% |
| Non-recurring financial income | 76B | - | €6,886 | +€6,886 | |
| Financial charges | 65/66B | €783,978 | €4,619,083 | +€3.8m | +489.2% |
| Recurring financial charges | 65 | €783,978 | €4,619,083 | +€3.8m | +489.2% |
| Profit (loss) for the period before taxes | 9903 | -€101,397 | -€3,914,116 | -€3.8m | -3760.2% |
| Income taxes | 67/77 | €10,955 | €47,236 | +€36,281 | +331.2% |
| Profit (loss) for the period | 9904 | -€112,352 | -€3,961,352 | -€3.8m | -3425.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,352 | -€3,961,352 | -€3.8m | -3425.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.