EXSITED: 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.
EXSITED
Largest movements
- Cash +€62,686
up €62,686 (+192%), from €32,637 to €95,323
mainly Net result for the year (+€69,869) and Trade debts (+€44,948)
- Receivables within one year +€44,501
up €44,501 (+57.9%), from €76,915 to €121,417
of which Trade receivables: +€44,514
- Tangible fixed assets -€19,536
down €19,536 (-7.2%), from €272,003 to €252,466
of which Land and buildings: -€18,948
- Stocks and contracts +€12,173
new in 2025: €12,173
- Reserves +€69,869
up €69,869 (+77.9%), from €89,681 to €159,549
- Trade debts +€44,948
up €44,948 (+281%), from €15,986 to €60,934
- Debts after one year -€23,491
down €23,491 (-9.6%), from €244,588 to €221,098
- Tax, wage and social debts +€14,708
up €14,708 (+145%), from €10,138 to €24,847
of which Taxes: +€14,708
- Write-downs -€55,874
down €55,874, from €15,714 to -€40,161
- Gross operating margin -€13,649
down €13,649 (-12.7%), from €107,174 to €93,524
- Taxes +€13,168
up €13,168 (+80.4%), from €16,370 to €29,538
- Staff costs -€3,760
down €3,760 (-73.4%), from €5,120 to €1,360
- Financial charges -€1,691
down €1,691 (-23.4%), from €7,227 to €5,536
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 | €396,318 | €498,275 | +€101,958 | +25.7% |
| Fixed assets | 21/28 | €272,003 | €252,466 | -€19,536 | -7.2% |
| Tangible fixed assets | 22/27 | €272,003 | €252,466 | -€19,536 | -7.2% |
| Land and buildings | 22 | €244,758 | €225,810 | -€18,948 | -7.7% |
| Plant, machinery and equipment | 23 | €2,954 | €2,284 | -€669 | -22.7% |
| Furniture and vehicles | 24 | €647 | €4,227 | +€3,580 | +553% |
| Other tangible fixed assets | 26 | €23,644 | €20,144 | -€3,500 | -14.8% |
| Current assets | 29/58 | €124,315 | €245,809 | +€121,494 | +97.7% |
| Amounts receivable after more than one year | 29 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 291 | €12,500 | €12,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €12,173 | +€12,173 | |
| Stocks | 30/36 | - | €12,173 | +€12,173 | |
| Amounts receivable within one year | 40/41 | €76,915 | €121,417 | +€44,501 | +57.9% |
| Trade receivables | 40 | €45,583 | €90,098 | +€44,514 | +97.7% |
| Other amounts receivable | 41 | €31,332 | €31,319 | -€13 | 0.0% |
| Cash at bank and in hand | 54/58 | €32,637 | €95,323 | +€62,686 | +192% |
| Deferred charges and accrued income | 490/1 | €2,262 | €4,397 | +€2,134 | +94.3% |
| Total equity and liabilities | 10/49 | €396,318 | €498,275 | +€101,958 | +25.7% |
| Equity | 10/15 | €89,681 | €159,549 | +€69,869 | +77.9% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €89,681 | €159,549 | +€69,869 | +77.9% |
| Distributable reserves | 133 | €89,681 | €159,549 | +€69,869 | +77.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €306,637 | €338,726 | +€32,089 | +10.5% |
| Amounts payable after more than one year | 17 | €244,588 | €221,098 | -€23,491 | -9.6% |
| Financial debts | 170/4 | €244,588 | €221,098 | -€23,491 | -9.6% |
| Amounts payable within one year | 42/48 | €62,049 | €117,628 | +€55,580 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | €35,065 | €31,848 | -€3,218 | -9.2% |
| Trade debts | 44 | €15,986 | €60,934 | +€44,948 | +281% |
| Suppliers | 440/4 | €15,986 | €60,934 | +€44,948 | +281% |
| Taxes, remuneration and social security | 45 | €10,138 | €24,847 | +€14,708 | +145% |
| Taxes | 450/3 | €10,138 | €24,847 | +€14,708 | +145% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Remuneration, social security and pensions | 62 | €5,120 | €1,360 | -€3,760 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,200 | €24,036 | -€164 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,714 | -€40,161 | -€55,874 | |
| Other operating charges | 640/8 | €4,999 | €5,913 | +€915 | +18.3% |
| Gross operating margin | 9900 | €107,174 | €93,524 | -€13,649 | -12.7% |
| Operating profit (loss) | 9901 | €57,141 | €102,375 | +€45,234 | +79.2% |
| Financial income | 75/76B | €1,888 | €2,568 | +€680 | +36.0% |
| Recurring financial income | 75 | €1,888 | €2,568 | +€680 | +36.0% |
| Financial charges | 65/66B | €7,227 | €5,536 | -€1,691 | -23.4% |
| Recurring financial charges | 65 | €7,227 | €5,536 | -€1,691 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €51,802 | €99,407 | +€47,605 | +91.9% |
| Income taxes | 67/77 | €16,370 | €29,538 | +€13,168 | +80.4% |
| Profit (loss) for the period | 9904 | €35,432 | €69,869 | +€34,437 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,432 | €69,869 | +€34,437 | +97.2% |
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 19 October 2026 via checked.be.