EXSEDE: 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.
EXSEDE
Largest movements
- Receivables within one year -€53,153
down €53,153 (-35.1%), from €151,219 to €98,067
of which Other amounts receivable: -€31,444
- Tangible fixed assets -€7,852
down €7,852 (-2.2%), from €350,452 to €342,601
of which Land and buildings: -€7,070
- Accrued charges and deferred income -€37,437
down €37,437 (-78.0%), from €48,018 to €10,582
- Debts after one year -€15,253
down €15,253 (-5.8%), from €263,281 to €248,028
- Reserves -€14,339
down €14,339 (-10.2%), from €140,903 to €126,564
- Depreciation +€11,765
up €11,765 (+87.6%), from €13,433 to €25,198
- Gross operating margin +€7,730
up €7,730 (+10.0%), from €77,244 to €84,974
- Financial charges +€5,101
up €5,101 (+48.8%), from €10,447 to €15,548
- Taxes +€4,597
up €4,597 (+72.1%), from €6,378 to €10,976
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,684 | €440,667 | -€61,017 | -12.2% |
| Fixed assets | 21/28 | €350,452 | €342,601 | -€7,852 | -2.2% |
| Tangible fixed assets | 22/27 | €350,452 | €342,601 | -€7,852 | -2.2% |
| Land and buildings | 22 | €332,772 | €325,702 | -€7,070 | -2.1% |
| Plant, machinery and equipment | 23 | €6,039 | €10,780 | +€4,740 | +78.5% |
| Furniture and vehicles | 24 | €11,641 | €6,119 | -€5,522 | -47.4% |
| Current assets | 29/58 | €151,232 | €98,067 | -€53,165 | -35.2% |
| Amounts receivable within one year | 40/41 | €151,219 | €98,067 | -€53,153 | -35.1% |
| Trade receivables | 40 | €86,668 | €64,959 | -€21,709 | -25.0% |
| Other amounts receivable | 41 | €64,552 | €33,108 | -€31,444 | -48.7% |
| Deferred charges and accrued income | 490/1 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €501,684 | €440,667 | -€61,017 | -12.2% |
| Equity | 10/15 | €147,103 | €132,764 | -€14,339 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €140,903 | €126,564 | -€14,339 | -10.2% |
| Distributable reserves | 133 | €140,903 | €126,564 | -€14,339 | -10.2% |
| Amounts payable | 17/49 | €354,581 | €307,904 | -€46,677 | -13.2% |
| Amounts payable after more than one year | 17 | €263,281 | €248,028 | -€15,253 | -5.8% |
| Financial debts | 170/4 | €263,281 | €248,028 | -€15,253 | -5.8% |
| Amounts payable within one year | 42/48 | €43,282 | €49,294 | +€6,012 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €23,720 | €26,128 | +€2,407 | +10.1% |
| Financial debts | 43 | €9,467 | €11,831 | +€2,364 | +25.0% |
| Credit institutions | 430/8 | €9,467 | €11,831 | +€2,364 | +25.0% |
| Trade debts | 44 | €2,144 | €115 | -€2,029 | -94.6% |
| Suppliers | 440/4 | €2,144 | €115 | -€2,029 | -94.6% |
| Advances received on contracts in progress | 46 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €7,950 | €11,207 | +€3,257 | +41.0% |
| Taxes | 450/3 | €7,950 | €11,207 | +€3,257 | +41.0% |
| Accrued charges and deferred income | 492/3 | €48,018 | €10,582 | -€37,437 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,433 | €25,198 | +€11,765 | +87.6% |
| Other operating charges | 640/8 | €1,790 | €2,247 | +€457 | +25.5% |
| Non-recurring operating charges | 66A | €149 | €5,409 | +€5,260 | +3,526% |
| Gross operating margin | 9900 | €77,244 | €84,974 | +€7,730 | +10.0% |
| Operating profit (loss) | 9901 | €61,872 | €52,120 | -€9,753 | -15.8% |
| Financial income | 75/76B | €44 | - | -€44 | |
| Recurring financial income | 75 | €44 | - | -€44 | |
| Financial charges | 65/66B | €10,447 | €15,548 | +€5,101 | +48.8% |
| Recurring financial charges | 65 | €10,447 | €15,548 | +€5,101 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €51,469 | €36,571 | -€14,897 | -28.9% |
| Income taxes | 67/77 | €6,378 | €10,976 | +€4,597 | +72.1% |
| Profit (loss) for the period | 9904 | €45,091 | €25,596 | -€19,495 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,091 | €25,596 | -€19,495 | -43.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.