EXQUALIPUR: 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.
EXQUALIPUR
Largest movements
- Receivables within one year -€30,174
down €30,174 (-51.2%), from €58,936 to €28,762
of which Trade receivables: -€19,224
- Cash +€28,734
up €28,734 (+20.3%), from €141,532 to €170,265
mainly Net result for the year (+€117,792) and Receivables within one year (+€30,174)
- Tangible fixed assets -€14,724
down €14,724 (-24.8%), from €59,351 to €44,628
of which Furniture and vehicles: -€13,903
- Reserves -€29,149
down €29,149 (-30.4%), from €95,808 to €66,659
of which Distributable reserves: -€29,149
- Tax, wage and social debts +€7,488
up €7,488 (+56.5%), from €13,246 to €20,735
of which Taxes: +€7,668
- Other debts +€5,050
up €5,050 (+4.0%), from €125,764 to €130,814
- Gross operating margin +€9,812
up €9,812 (+6.1%), from €161,008 to €170,820
- Taxes +€5,101
up €5,101 (+16.2%), from €31,404 to €36,506
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 | €262,883 | €247,090 | -€15,793 | -6.0% |
| Fixed assets | 21/28 | €59,351 | €44,628 | -€14,724 | -24.8% |
| Tangible fixed assets | 22/27 | €59,351 | €44,628 | -€14,724 | -24.8% |
| Plant, machinery and equipment | 23 | €2,043 | €1,223 | -€820 | -40.2% |
| Furniture and vehicles | 24 | €57,308 | €43,405 | -€13,903 | -24.3% |
| Current assets | 29/58 | €203,532 | €202,463 | -€1,069 | -0.5% |
| Amounts receivable within one year | 40/41 | €58,936 | €28,762 | -€30,174 | -51.2% |
| Trade receivables | 40 | €47,986 | €28,762 | -€19,224 | -40.1% |
| Other amounts receivable | 41 | €10,950 | €0 | -€10,950 | -100.0% |
| Cash at bank and in hand | 54/58 | €141,532 | €170,265 | +€28,734 | +20.3% |
| Deferred charges and accrued income | 490/1 | €3,064 | €3,435 | +€371 | +12.1% |
| Total equity and liabilities | 10/49 | €262,883 | €247,090 | -€15,793 | -6.0% |
| Equity | 10/15 | €118,808 | €89,659 | -€29,149 | -24.5% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Reserves | 13 | €95,808 | €66,659 | -€29,149 | -30.4% |
| Non-distributable reserves | 130/1 | €2,300 | €2,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,300 | €2,300 | = | 0.0% |
| Distributable reserves | 133 | €93,508 | €64,359 | -€29,149 | -31.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,075 | €157,432 | +€13,356 | +9.3% |
| Amounts payable within one year | 42/48 | €142,979 | €156,481 | +€13,502 | +9.4% |
| Financial debts | 43 | - | €519 | +€519 | |
| Credit institutions | 430/8 | - | €519 | +€519 | |
| Trade debts | 44 | €3,969 | €4,414 | +€445 | +11.2% |
| Suppliers | 440/4 | €3,969 | €4,414 | +€445 | +11.2% |
| Taxes, remuneration and social security | 45 | €13,246 | €20,735 | +€7,488 | +56.5% |
| Taxes | 450/3 | €13,067 | €20,735 | +€7,668 | +58.7% |
| Remuneration and social security | 454/9 | €179 | €0 | -€179 | -100.0% |
| Other amounts payable | 47/48 | €125,764 | €130,814 | +€5,050 | +4.0% |
| Accrued charges and deferred income | 492/3 | €1,096 | €950 | -€146 | -13.3% |
| Non-recurring operating income | 76A | €8,504 | €0 | -€8,504 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,388 | €14,724 | -€664 | -4.3% |
| Other operating charges | 640/8 | €1,056 | €729 | -€328 | -31.0% |
| Gross operating margin | 9900 | €161,008 | €170,820 | +€9,812 | +6.1% |
| Operating profit (loss) | 9901 | €144,564 | €155,368 | +€10,804 | +7.5% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €1,254 | €1,084 | -€170 | -13.6% |
| Recurring financial charges | 65 | €1,254 | €1,084 | -€170 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €143,310 | €154,298 | +€10,988 | +7.7% |
| Income taxes | 67/77 | €31,404 | €36,506 | +€5,101 | +16.2% |
| Profit (loss) for the period | 9904 | €111,906 | €117,792 | +€5,887 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €111,906 | €117,792 | +€5,887 | +5.3% |
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.