EXSEED: 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.
EXSEED
Largest movements
- Receivables within one year +€63,477
up €63,477 (+2098.4%), from €3,025 to €66,502
of which Other amounts receivable: +€63,477
- Cash -€18,038
down €18,038 (-19.6%), from €91,974 to €73,935
mainly Debts after one year (-€85,714) and Receivables within one year (-€63,477)
- Reserves +€141,127
up €141,127 (+33.3%), from €423,645 to €564,772
- Debts after one year -€85,714
down €85,714 (-50.0%), from €171,429 to €85,714
- Other debts -€10,500
no longer reported in 2025 (was €10,500)
- Financial income +€10,977
up €10,977 (+10.0%), from €110,000 to €120,977
- Financial charges -€707
down €707 (-33.8%), from €2,094 to €1,387
- Taxes +€606
up €606 (+8.8%), from €6,895 to €7,501
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 | €794,999 | €840,437 | +€45,438 | +5.7% |
| Fixed assets | 21/28 | €700,000 | €700,000 | = | 0.0% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €94,999 | €140,437 | +€45,438 | +47.8% |
| Amounts receivable within one year | 40/41 | €3,025 | €66,502 | +€63,477 | +2098.4% |
| Trade receivables | 40 | €3,025 | €3,025 | = | 0.0% |
| Other amounts receivable | 41 | - | €63,477 | +€63,477 | |
| Cash at bank and in hand | 54/58 | €91,974 | €73,935 | -€18,038 | -19.6% |
| Total equity and liabilities | 10/49 | €794,999 | €840,437 | +€45,438 | +5.7% |
| Equity | 10/15 | €523,645 | €664,772 | +€141,127 | +27.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €423,645 | €564,772 | +€141,127 | +33.3% |
| Distributable reserves | 133 | €423,645 | €564,772 | +€141,127 | +33.3% |
| Amounts payable | 17/49 | €271,354 | €175,665 | -€95,689 | -35.3% |
| Amounts payable after more than one year | 17 | €171,429 | €85,714 | -€85,714 | -50.0% |
| Financial debts | 170/4 | €171,429 | €85,714 | -€85,714 | -50.0% |
| Amounts payable within one year | 42/48 | €99,684 | €89,790 | -€9,894 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €85,714 | €85,714 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,470 | €4,076 | +€606 | +17.5% |
| Taxes | 450/3 | €3,470 | €4,076 | +€606 | +17.5% |
| Other amounts payable | 47/48 | €10,500 | - | -€10,500 | |
| Accrued charges and deferred income | 492/3 | €241 | €161 | -€80 | -33.3% |
| Other operating charges | 640/8 | €682 | €687 | +€6 | +0.8% |
| Gross operating margin | 9900 | €29,736 | €29,726 | -€11 | 0.0% |
| Operating profit (loss) | 9901 | €29,055 | €29,039 | -€16 | -0.1% |
| Financial income | 75/76B | €110,000 | €120,977 | +€10,977 | +10.0% |
| Recurring financial income | 75 | €110,000 | €120,977 | +€10,977 | +10.0% |
| Financial charges | 65/66B | €2,094 | €1,387 | -€707 | -33.8% |
| Recurring financial charges | 65 | €2,094 | €1,387 | -€707 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €136,961 | €148,628 | +€11,668 | +8.5% |
| Income taxes | 67/77 | €6,895 | €7,501 | +€606 | +8.8% |
| Profit (loss) for the period | 9904 | €130,065 | €141,127 | +€11,062 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €130,065 | €141,127 | +€11,062 | +8.5% |
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 12 October 2026 via checked.be.