EXOCET: 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.
What changed
EXOCET
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€808,224
2024 · €7.9m-€7.1m
Equity
€11.6m
2024 · €10.8m+€808,224
Cash
€78,777
2024 · €13,182+€65,595
Balance sheet total
€13.7m
2024 · €14.8m-€1.1m
Largest movements
Assets
- Receivables within one year -€2.3m
down €2.3m (-38.3%), from €6.1m to €3.8m
of which Other amounts receivable: -€2.3m
- Receivables after one year +€1.1m
up €1.1m (+222.9%), from €511,455 to €1.7m
Equity and liabilities
- Short-term financial debts -€1.3m
down €1.3m (-54.9%), from €2.4m to €1.1m
- Reserves +€808,224
up €808,224 (+7.5%), from €10.8m to €11.6m
of which Distributable reserves: +€450,374
- Current portion of long-term debt -€332,868
down €332,868 (-38.2%), from €870,819 to €537,951
- Debts after one year -€253,916
down €253,916 (-56.2%), from €451,998 to €198,081
Income statement
- Financial income -€7.7m
down €7.7m (-98.6%), from €7.8m to €106,357
- Turnover +€870,000
up €870,000 (+152.6%), from €570,000 to €1.4m
- Other operating income +€664,763
up €664,763 (+12598.3%), from €5,277 to €670,039
- Services and other goods +€647,378
up €647,378 (+200.9%), from €322,303 to €969,681
- Taxes +€201,529
up €201,529 (+320.0%), from €62,971 to €264,500
of which Taxes: +€201,529
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.
Result 2024
€7.9m
Turnover
+€870,000
Other operating income
+€664,763
Services and other goods
-€647,378
Depreciation
-€979
Other operating charges
-€106
Financial income
-€7.7m
Financial charges
-€97,172
Taxes
-€201,529
Result 2025
€808,224
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.
From operations
+€2.0m
Investment
-€7,792
Financing
-€1.9m
Cash 2024
€13,182
From operations (derived)
+€2.0m
Net result for the year
+€808,224
Depreciation
+€25,979
Receivables after one year
-€1.1m
Receivables within one year
+€2.3m
Deferred charges and accrued income
-€20,468
Trade debts
+€34,739
Tax, wage and social debts
-€90,064
Accrued charges and deferred income
+€4,330
Investment (derived)
-€7,792
Investment in fixed assets (net)
-€7,792
Financing
-€1.9m
Debts after one year
-€253,916
Current portion of long-term debt
-€332,868
Short-term financial debts
-€1.3m
Cash 2025
€78,777
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,849,841 | €13,721,311 | -€1.1m | -7.6% |
| Fixed assets | 21/28 | €8,145,864 | €8,127,676 | -€18,188 | -0.2% |
| Tangible fixed assets | 22/27 | €47,319 | €29,131 | -€18,188 | -38.4% |
| Plant, machinery and equipment | 23 | €3,691 | €2,414 | -€1,276 | -34.6% |
| Furniture and vehicles | 24 | €3,764 | €9,714 | +€5,950 | +158.1% |
| Leasing and similar rights | 25 | €35,298 | €13,046 | -€22,252 | -63.0% |
| Other tangible fixed assets | 26 | €4,566 | €3,956 | -€610 | -13.3% |
| Financial fixed assets | 28 | €8,098,545 | €8,098,545 | = | 0.0% |
| Affiliated companies | 280/1 | €8,098,545 | €8,098,545 | = | 0.0% |
| Participating interests | 280 | €8,098,545 | €8,098,545 | = | 0.0% |
| Current assets | 29/58 | €6,703,977 | €5,593,635 | -€1.1m | -16.6% |
| Amounts receivable after more than one year | 29 | €511,455 | €1,651,381 | +€1.1m | +222.9% |
| Other amounts receivable | 291 | €511,455 | €1,651,381 | +€1.1m | +222.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €6,102,806 | €3,766,474 | -€2.3m | -38.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,102,806 | €3,766,474 | -€2.3m | -38.3% |
| Cash at bank and in hand | 54/58 | €13,182 | €78,777 | +€65,595 | +497.6% |
| Deferred charges and accrued income | 490/1 | €76,534 | €97,003 | +€20,468 | +26.7% |
| Total equity and liabilities | 10/49 | €14,849,841 | €13,721,311 | -€1.1m | -7.6% |
| Equity | 10/15 | €10,820,372 | €11,628,595 | +€808,224 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,801,772 | €11,609,995 | +€808,224 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €357,850 | +€357,850 | |
| Distributable reserves | 133 | €10,799,912 | €11,250,285 | +€450,374 | +4.2% |
| Amounts payable | 17/49 | €4,029,469 | €2,092,716 | -€1.9m | -48.1% |
| Amounts payable after more than one year | 17 | €451,998 | €198,081 | -€253,916 | -56.2% |
| Financial debts | 170/4 | €451,998 | €198,081 | -€253,916 | -56.2% |
| Subordinated loans | 170 | €17,177 | €0 | -€17,177 | -100.0% |
| Credit institutions | 173 | €393,781 | €198,081 | -€195,700 | -49.7% |
| Other loans | 174 | €41,039 | €0 | -€41,039 | -100.0% |
| Amounts payable within one year | 42/48 | €3,568,982 | €1,881,814 | -€1.7m | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €870,819 | €537,951 | -€332,868 | -38.2% |
| Financial debts | 43 | €2,366,237 | €1,067,261 | -€1.3m | -54.9% |
| Credit institutions | 430/8 | €2,366,237 | €1,067,261 | -€1.3m | -54.9% |
| Trade debts | 44 | €38,776 | €73,516 | +€34,739 | +89.6% |
| Suppliers | 440/4 | €38,776 | €73,516 | +€34,739 | +89.6% |
| Taxes, remuneration and social security | 45 | €293,150 | €203,086 | -€90,064 | -30.7% |
| Taxes | 450/3 | €288,253 | €198,125 | -€90,127 | -31.3% |
| Remuneration and social security | 454/9 | €4,897 | €4,961 | +€64 | +1.3% |
| Accrued charges and deferred income | 492/3 | €8,490 | €12,820 | +€4,330 | +51.0% |
| Operating income | 70/76A | €575,277 | €2,110,039 | +€1.5m | +266.8% |
| Turnover | 70 | €570,000 | €1,440,000 | +€870,000 | +152.6% |
| Other operating income | 74 | €5,277 | €670,039 | +€664,763 | +12598.3% |
| Operating charges | 60/66A | €352,229 | €1,000,693 | +€648,464 | +184.1% |
| Services and other goods | 61 | €322,303 | €969,681 | +€647,378 | +200.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,000 | €25,979 | +€979 | +3.9% |
| Other operating charges | 640/8 | €4,926 | €5,032 | +€106 | +2.2% |
| Operating profit (loss) | 9901 | €223,047 | €1,109,347 | +€886,299 | +397.4% |
| Financial income | 75/76B | €7,789,733 | €106,357 | -€7.7m | -98.6% |
| Recurring financial income | 75 | €7,789,733 | €106,357 | -€7.7m | -98.6% |
| Income from financial fixed assets | 750 | €66,698 | €106,355 | +€39,658 | +59.5% |
| Income from current assets | 751 | €1 | €1 | +€0 | +15.0% |
| Other financial income | 752/9 | €7,723,034 | €1 | -€7.7m | -100.0% |
| Financial charges | 65/66B | €45,809 | €142,981 | +€97,172 | +212.1% |
| Recurring financial charges | 65 | €45,809 | €142,981 | +€97,172 | +212.1% |
| Debt charges | 650 | €43,137 | €136,377 | +€93,240 | +216.2% |
| Other financial charges | 652/9 | €2,672 | €6,603 | +€3,932 | +147.2% |
| Profit (loss) for the period before taxes | 9903 | €7,966,971 | €1,072,723 | -€6.9m | -86.5% |
| Income taxes | 67/77 | €62,971 | €264,500 | +€201,529 | +320.0% |
| Taxes | 670/3 | €62,971 | €264,500 | +€201,529 | +320.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7,904,001 | €808,224 | -€7.1m | -89.8% |
| Transfer to tax-exempt reserves | 689 | - | €357,850 | +€357,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,904,001 | €450,374 | -€7.5m | -94.3% |
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 12 October 2026 via checked.be.