EXPORTCO: 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.
EXPORTCO
Largest movements
- Stocks and contracts -€50,400
down €50,400 (-95.1%), from €52,972 to €2,572
- Receivables within one year +€48,796
up €48,796 (+20.5%), from €237,456 to €286,252
of which Trade receivables: +€47,618
- Cash +€11,065
up €11,065 (+2,204%), from €502 to €11,568
mainly Stocks and contracts (+€50,400) and Tax, wage and social debts (+€15,698)
- Tangible fixed assets -€4,160
down €4,160 (-66.6%), from €6,250 to €2,090
- Other debts -€20,108
down €20,108 (-16.0%), from €126,018 to €105,910
- Tax, wage and social debts +€15,698
up €15,698 (+117%), from €13,463 to €29,161
of which Taxes: +€12,733
- Trade debts +€9,101
up €9,101 (+14.5%), from €62,882 to €71,983
- Profit (loss) carried forward +€5,588
up €5,588 (+11.3%), from €49,323 to €54,911
- Accrued charges and deferred income -€5,260
down €5,260 (-18.9%), from €27,803 to €22,543
- Gross operating margin -€138,784
down €138,784 (-58.2%), from €238,472 to €99,688
- Financial charges -€57,727
down €57,727 (-99.1%), from €58,256 to €529
of which Non-recurring financial charges: -€43,624
- Taxes +€12,231
up €12,231, from -€1,570 to €10,661
- Depreciation -€9,907
down €9,907 (-62.6%), from €15,835 to €5,928
- Financial income -€4,004
down €4,004 (-80.2%), from €4,993 to €989
of which Non-recurring financial income: -€2,211
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 | €299,948 | €304,968 | +€5,020 | +1.7% |
| Fixed assets | 21/28 | €8,650 | €4,490 | -€4,160 | -48.1% |
| Tangible fixed assets | 22/27 | €6,250 | €2,090 | -€4,160 | -66.6% |
| Furniture and vehicles | 24 | €6,250 | €2,090 | -€4,160 | -66.6% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €291,298 | €300,478 | +€9,180 | +3.2% |
| Stocks and contracts in progress | 3 | €52,972 | €2,572 | -€50,400 | -95.1% |
| Stocks | 30/36 | €52,972 | €2,572 | -€50,400 | -95.1% |
| Amounts receivable within one year | 40/41 | €237,456 | €286,252 | +€48,796 | +20.5% |
| Trade receivables | 40 | €235,151 | €282,769 | +€47,618 | +20.2% |
| Other amounts receivable | 41 | €2,305 | €3,483 | +€1,178 | +51.1% |
| Cash at bank and in hand | 54/58 | €502 | €11,568 | +€11,065 | +2,204% |
| Deferred charges and accrued income | 490/1 | €368 | €87 | -€281 | -76.4% |
| Total equity and liabilities | 10/49 | €299,948 | €304,968 | +€5,020 | +1.7% |
| Equity | 10/15 | €69,783 | €75,371 | +€5,588 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,323 | €54,911 | +€5,588 | +11.3% |
| Amounts payable | 17/49 | €230,165 | €229,597 | -€568 | -0.2% |
| Amounts payable within one year | 42/48 | €202,362 | €207,054 | +€4,692 | +2.3% |
| Trade debts | 44 | €62,882 | €71,983 | +€9,101 | +14.5% |
| Suppliers | 440/4 | €62,882 | €71,983 | +€9,101 | +14.5% |
| Taxes, remuneration and social security | 45 | €13,463 | €29,161 | +€15,698 | +117% |
| Taxes | 450/3 | €582 | €13,316 | +€12,733 | +2,187% |
| Remuneration and social security | 454/9 | €12,881 | €15,845 | +€2,965 | +23.0% |
| Other amounts payable | 47/48 | €126,018 | €105,910 | -€20,108 | -16.0% |
| Accrued charges and deferred income | 492/3 | €27,803 | €22,543 | -€5,260 | -18.9% |
| Remuneration, social security and pensions | 62 | €79,390 | €76,542 | -€2,849 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,835 | €5,928 | -€9,907 | -62.6% |
| Other operating charges | 640/8 | €1,267 | €1,429 | +€163 | +12.8% |
| Gross operating margin | 9900 | €238,472 | €99,688 | -€138,784 | -58.2% |
| Operating profit (loss) | 9901 | €141,980 | €15,789 | -€126,191 | -88.9% |
| Financial income | 75/76B | €4,993 | €989 | -€4,004 | -80.2% |
| Recurring financial income | 75 | €2,782 | €989 | -€1,793 | -64.5% |
| Non-recurring financial income | 76B | €2,211 | - | -€2,211 | |
| Financial charges | 65/66B | €58,256 | €529 | -€57,727 | -99.1% |
| Recurring financial charges | 65 | €14,632 | €529 | -€14,103 | -96.4% |
| Non-recurring financial charges | 66B | €43,624 | - | -€43,624 | |
| Profit (loss) for the period before taxes | 9903 | €88,717 | €16,249 | -€72,468 | -81.7% |
| Income taxes | 67/77 | -€1,570 | €10,661 | +€12,231 | |
| Profit (loss) for the period | 9904 | €90,287 | €5,588 | -€84,699 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,287 | €5,588 | -€84,699 | -93.8% |
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 27 October 2026 via checked.be.