EXMED: 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.
EXMED
Largest movements
- Receivables within one year +€96,909
up €96,909 (+109.5%), from €88,491 to €185,400
of which Trade receivables: +€97,070
- Cash -€7,696
down €7,696 (-9.8%), from €78,530 to €70,835
mainly Receivables within one year (-€96,909) and Contributions, distributions and other (-€43,816)
- Tangible fixed assets -€6,232
down €6,232 (-4.4%), from €142,065 to €135,833
of which Land and buildings: -€6,477
- Tax, wage and social debts +€45,144
up €45,144 (+178.0%), from €25,365 to €70,509
of which Taxes: +€32,536
- Other debts +€31,995
up €31,995 (+41703.8%), from €77 to €32,072
- Trade debts +€12,952
up €12,952 (+59.2%), from €21,894 to €34,846
- Reserves -€10,518
down €10,518 (-4.5%), from €233,357 to €222,839
- Gross operating margin +€67,560
up €67,560 (+52.7%), from €128,225 to €195,784
- Staff costs +€21,771
up €21,771 (+19.2%), from €113,311 to €135,082
- Taxes +€12,255
up €12,255 (+721.2%), from €1,699 to €13,954
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 | €407,640 | €487,613 | +€79,974 | +19.6% |
| Fixed assets | 21/28 | €142,065 | €135,833 | -€6,232 | -4.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €142,065 | €135,833 | -€6,232 | -4.4% |
| Land and buildings | 22 | €127,786 | €121,309 | -€6,477 | -5.1% |
| Plant, machinery and equipment | 23 | €10,458 | €9,152 | -€1,306 | -12.5% |
| Furniture and vehicles | 24 | €3,821 | €5,372 | +€1,551 | +40.6% |
| Current assets | 29/58 | €265,575 | €351,780 | +€86,205 | +32.5% |
| Amounts receivable within one year | 40/41 | €88,491 | €185,400 | +€96,909 | +109.5% |
| Trade receivables | 40 | €68,417 | €165,487 | +€97,070 | +141.9% |
| Other amounts receivable | 41 | €20,074 | €19,913 | -€161 | -0.8% |
| Current investments | 50/53 | €95,000 | €95,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,530 | €70,835 | -€7,696 | -9.8% |
| Deferred charges and accrued income | 490/1 | €3,553 | €545 | -€3,008 | -84.7% |
| Total equity and liabilities | 10/49 | €407,640 | €487,613 | +€79,974 | +19.6% |
| Equity | 10/15 | €358,805 | €348,287 | -€10,518 | -2.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €233,357 | €222,839 | -€10,518 | -4.5% |
| Distributable reserves | 133 | €233,357 | €222,839 | -€10,518 | -4.5% |
| Profit (loss) carried forward | 14 | €119,243 | €119,243 | = | 0.0% |
| Amounts payable | 17/49 | €48,835 | €139,326 | +€90,491 | +185.3% |
| Amounts payable within one year | 42/48 | €47,335 | €137,427 | +€90,092 | +190.3% |
| Trade debts | 44 | €21,894 | €34,846 | +€12,952 | +59.2% |
| Suppliers | 440/4 | €21,894 | €34,846 | +€12,952 | +59.2% |
| Taxes, remuneration and social security | 45 | €25,365 | €70,509 | +€45,144 | +178.0% |
| Taxes | 450/3 | €5,504 | €38,040 | +€32,536 | +591.2% |
| Remuneration and social security | 454/9 | €19,861 | €32,469 | +€12,608 | +63.5% |
| Other amounts payable | 47/48 | €77 | €32,072 | +€31,995 | +41703.8% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,900 | +€400 | +26.6% |
| Remuneration, social security and pensions | 62 | €113,311 | €135,082 | +€21,771 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,852 | €10,133 | +€1,282 | +14.5% |
| Other operating charges | 640/8 | €2,985 | €2,528 | -€456 | -15.3% |
| Gross operating margin | 9900 | €128,225 | €195,784 | +€67,560 | +52.7% |
| Operating profit (loss) | 9901 | €3,077 | €48,041 | +€44,964 | +1461.3% |
| Financial income | 75/76B | €202 | €351 | +€148 | +73.3% |
| Recurring financial income | 75 | €202 | €351 | +€148 | +73.3% |
| Financial charges | 65/66B | €609 | €1,139 | +€529 | +86.8% |
| Recurring financial charges | 65 | €609 | €1,139 | +€529 | +86.8% |
| Profit (loss) for the period before taxes | 9903 | €2,670 | €47,253 | +€44,583 | +1669.8% |
| Income taxes | 67/77 | €1,699 | €13,954 | +€12,255 | +721.2% |
| Profit (loss) for the period | 9904 | €971 | €33,299 | +€32,328 | +3330.2% |
| Profit (loss) for the period to be appropriated | 9905 | €971 | €33,299 | +€32,328 | +3330.2% |
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 8 October 2026 via checked.be.