EXSERTUS: 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.
What changed
EXSERTUS
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€293,706
2024 · €353,712-€60,006
Equity
€513,784
2024 · €220,077+€293,706
Cash
€16,918
2024 · €36,511-€19,593
Balance sheet total
€1.1m
2024 · €1.3m-€189,970
Largest movements
Assets
- Receivables within one year -€171,465
down €171,465 (-14.0%), from €1.2m to €1.1m
of which Other amounts receivable: -€135,522
- Cash -€19,593
down €19,593 (-53.7%), from €36,511 to €16,918
mainly Other debts (-€380,615) and Trade debts (-€49,831)
Equity and liabilities
- Other debts -€380,615
down €380,615 (-95.0%), from €400,712 to €20,098
- Reserves +€294,000
up €294,000 (+186%), from €157,700 to €451,700
of which Distributable reserves: +€294,000
- Trade debts -€49,831
down €49,831 (-16.4%), from €303,319 to €253,488
- Tax, wage and social debts -€46,215
down €46,215 (-11.6%), from €398,403 to €352,189
of which Taxes: -€54,020
Income statement
- Turnover -€240,408
down €240,408 (-6.0%), from €4.0m to €3.8m
- Purchases and services -€204,062
down €204,062 (-11.5%), from €1.8m to €1.6m
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.
Result 2024
€353,712
Gross operating margin
-€39,113
Staff costs
-€23,642
Depreciation
+€4,245
Write-downs
-€1,847
Other operating charges
+€1,010
Other operating items
-€20,097
Financial income
-€3,850
Financial charges
-€6,190
Taxes
+€29,479
Result 2025
€293,706
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€8,230
Investment
-€27,823
Financing
€0
Cash 2024
€36,511
From operations (derived)
+€8,230
Net result for the year
+€293,706
Depreciation
+€27,561
Receivables within one year
+€171,465
Deferred charges and accrued income
-€826
Provisions
+€2,247
Trade debts
-€49,831
Tax, wage and social debts
-€46,215
Other debts
-€380,615
Accrued charges and deferred income
-€9,264
Investment (derived)
-€27,823
Investment in fixed assets (net)
-€27,823
Cash 2025
€16,918
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,332,175 | €1,142,205 | -€189,970 | -14.3% |
| Fixed assets | 21/28 | €46,325 | €46,587 | +€263 | +0.6% |
| Tangible fixed assets | 22/27 | €46,235 | €46,587 | +€353 | +0.8% |
| Plant, machinery and equipment | 23 | €46,160 | €46,587 | +€427 | +0.9% |
| Furniture and vehicles | 24 | €74 | - | -€74 | |
| Financial fixed assets | 28 | €90 | - | -€90 | |
| Current assets | 29/58 | €1,285,850 | €1,095,617 | -€190,233 | -14.8% |
| Amounts receivable within one year | 40/41 | €1,227,820 | €1,056,355 | -€171,465 | -14.0% |
| Trade receivables | 40 | €585,852 | €549,909 | -€35,943 | -6.1% |
| Other amounts receivable | 41 | €641,969 | €506,447 | -€135,522 | -21.1% |
| Cash at bank and in hand | 54/58 | €36,511 | €16,918 | -€19,593 | -53.7% |
| Deferred charges and accrued income | 490/1 | €21,518 | €22,344 | +€826 | +3.8% |
| Total equity and liabilities | 10/49 | €1,332,175 | €1,142,205 | -€189,970 | -14.3% |
| Equity | 10/15 | €220,077 | €513,784 | +€293,706 | +133% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €157,700 | €451,700 | +€294,000 | +186% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €151,500 | €445,500 | +€294,000 | +194% |
| Profit (loss) carried forward | 14 | €377 | €84 | -€294 | -77.8% |
| Provisions and deferred taxes | 16 | €400 | €2,647 | +€2,247 | +562% |
| Provisions for liabilities and charges | 160/5 | €400 | €2,647 | +€2,247 | +562% |
| Pensions and similar obligations | 160 | €400 | €2,647 | +€2,247 | +562% |
| Amounts payable | 17/49 | €1,111,698 | €625,774 | -€485,923 | -43.7% |
| Amounts payable within one year | 42/48 | €1,102,434 | €625,774 | -€476,660 | -43.2% |
| Trade debts | 44 | €303,319 | €253,488 | -€49,831 | -16.4% |
| Suppliers | 440/4 | €303,319 | €253,488 | -€49,831 | -16.4% |
| Taxes, remuneration and social security | 45 | €398,403 | €352,189 | -€46,215 | -11.6% |
| Taxes | 450/3 | €186,185 | €132,165 | -€54,020 | -29.0% |
| Remuneration and social security | 454/9 | €212,218 | €220,023 | +€7,805 | +3.7% |
| Other amounts payable | 47/48 | €400,712 | €20,098 | -€380,615 | -95.0% |
| Accrued charges and deferred income | 492/3 | €9,264 | - | -€9,264 | |
| Turnover | 70 | €4,020,127 | €3,779,718 | -€240,408 | -6.0% |
| Non-recurring operating income | 76A | €790 | €334 | -€457 | -57.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,777,473 | €1,573,410 | -€204,062 | -11.5% |
| Remuneration, social security and pensions | 62 | €1,722,763 | €1,746,404 | +€23,642 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,805 | €27,561 | -€4,245 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €400 | €2,247 | +€1,847 | +462% |
| Other operating charges | 640/8 | €8,565 | €7,555 | -€1,010 | -11.8% |
| Non-recurring operating charges | 66A | €77 | €20,175 | +€20,097 | +25,952% |
| Gross operating margin | 9900 | €2,269,171 | €2,230,057 | -€39,113 | -1.7% |
| Operating profit (loss) | 9901 | €505,561 | €426,116 | -€79,445 | -15.7% |
| Financial income | 75/76B | €10,202 | €6,352 | -€3,850 | -37.7% |
| Recurring financial income | 75 | €10,202 | €6,352 | -€3,850 | -37.7% |
| Financial charges | 65/66B | €31,787 | €37,977 | +€6,190 | +19.5% |
| Recurring financial charges | 65 | €31,787 | €37,977 | +€6,190 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €483,976 | €394,491 | -€89,485 | -18.5% |
| Income taxes | 67/77 | €130,263 | €100,784 | -€29,479 | -22.6% |
| Profit (loss) for the period | 9904 | €353,712 | €293,706 | -€60,006 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €353,712 | €293,706 | -€60,006 | -17.0% |
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 14 October 2026 via checked.be.