EXQUIS: 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.
EXQUIS
Largest movements
- Stocks and contracts -€9,288
down €9,288 (-60.3%), from €15,395 to €6,107
- Receivables within one year +€8,154
up €8,154 (+465%), from €1,755 to €9,909
of which Trade receivables: +€5,641
- Cash +€7,104
up €7,104 (+40.2%), from €17,683 to €24,787
mainly Stocks and contracts (+€9,288) and Depreciation (+€9,161)
- Deferred charges and accrued income -€3,261
no longer reported in 2025 (was €3,261)
- Tangible fixed assets -€2,282
down €2,282 (-3.4%), from €66,824 to €64,543
of which Land and buildings: -€4,000
- Debts after one year -€9,367
down €9,367 (-44.1%), from €21,241 to €11,874
- Trade debts +€8,036
up €8,036 (+21,626%), from €37 to €8,073
- Profit (loss) carried forward +€4,446
up €4,446 (+1,231%), from €361 to €4,808
- Other debts -€3,000
down €3,000 (-75.6%), from €3,967 to €967
- Tax, wage and social debts +€2,302
up €2,302 (+307%), from €749 to €3,051
of which Remuneration and social security: +€2,382
- Gross operating margin +€3,034
up €3,034 (+17.3%), from €17,485 to €20,519
- Staff costs -€1,601
down €1,601 (-28.4%), from €5,632 to €4,031
- Depreciation +€556
up €556 (+6.5%), from €8,605 to €9,161
- Financial charges -€210
down €210 (-12.8%), from €1,637 to €1,428
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 | €104,919 | €105,346 | +€427 | +0.4% |
| Fixed assets | 21/28 | €66,824 | €64,543 | -€2,282 | -3.4% |
| Tangible fixed assets | 22/27 | €66,824 | €64,543 | -€2,282 | -3.4% |
| Land and buildings | 22 | €49,264 | €45,264 | -€4,000 | -8.1% |
| Plant, machinery and equipment | 23 | €2,528 | €1,764 | -€764 | -30.2% |
| Furniture and vehicles | 24 | €570 | €5,784 | +€5,214 | +914% |
| Other tangible fixed assets | 26 | €14,463 | €11,731 | -€2,732 | -18.9% |
| Current assets | 29/58 | €38,094 | €40,803 | +€2,709 | +7.1% |
| Stocks and contracts in progress | 3 | €15,395 | €6,107 | -€9,288 | -60.3% |
| Stocks | 30/36 | €15,395 | €6,107 | -€9,288 | -60.3% |
| Amounts receivable within one year | 40/41 | €1,755 | €9,909 | +€8,154 | +465% |
| Trade receivables | 40 | €1,347 | €6,988 | +€5,641 | +419% |
| Other amounts receivable | 41 | €408 | €2,921 | +€2,513 | +615% |
| Cash at bank and in hand | 54/58 | €17,683 | €24,787 | +€7,104 | +40.2% |
| Deferred charges and accrued income | 490/1 | €3,261 | - | -€3,261 | |
| Total equity and liabilities | 10/49 | €104,919 | €105,346 | +€427 | +0.4% |
| Equity | 10/15 | €66,801 | €71,248 | +€4,446 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,840 | €47,840 | = | 0.0% |
| Distributable reserves | 133 | €47,840 | €47,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €361 | €4,808 | +€4,446 | +1,231% |
| Amounts payable | 17/49 | €38,117 | €34,098 | -€4,019 | -10.5% |
| Amounts payable after more than one year | 17 | €21,241 | €11,874 | -€9,367 | -44.1% |
| Financial debts | 170/4 | €21,241 | €11,874 | -€9,367 | -44.1% |
| Amounts payable within one year | 42/48 | €16,078 | €22,224 | +€6,146 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €11,324 | €10,133 | -€1,192 | -10.5% |
| Trade debts | 44 | €37 | €8,073 | +€8,036 | +21,626% |
| Suppliers | 440/4 | €37 | €8,073 | +€8,036 | +21,626% |
| Taxes, remuneration and social security | 45 | €749 | €3,051 | +€2,302 | +307% |
| Taxes | 450/3 | €132 | €51 | -€81 | -61.3% |
| Remuneration and social security | 454/9 | €618 | €3,000 | +€2,382 | +386% |
| Other amounts payable | 47/48 | €3,967 | €967 | -€3,000 | -75.6% |
| Accrued charges and deferred income | 492/3 | €798 | - | -€798 | |
| Remuneration, social security and pensions | 62 | €5,632 | €4,031 | -€1,601 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,605 | €9,161 | +€556 | +6.5% |
| Other operating charges | 640/8 | €1,152 | €1,354 | +€202 | +17.6% |
| Gross operating margin | 9900 | €17,485 | €20,519 | +€3,034 | +17.3% |
| Operating profit (loss) | 9901 | €2,097 | €5,973 | +€3,876 | +185% |
| Financial income | 75/76B | €33 | €36 | +€3 | +9.4% |
| Recurring financial income | 75 | €33 | €36 | +€3 | +9.4% |
| Financial charges | 65/66B | €1,637 | €1,428 | -€210 | -12.8% |
| Recurring financial charges | 65 | €1,637 | €1,428 | -€210 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €493 | €4,582 | +€4,089 | +830% |
| Income taxes | 67/77 | €132 | €135 | +€4 | +2.8% |
| Profit (loss) for the period | 9904 | €361 | €4,446 | +€4,085 | +1,131% |
| Profit (loss) for the period to be appropriated | 9905 | €361 | €4,446 | +€4,085 | +1,131% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.