Exsolvere: 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.
Exsolvere
Largest movements
- Deferred charges and accrued income -€48,950
down €48,950 (-34.1%), from €143,609 to €94,659
- Cash +€28,603
up €28,603 (+22.4%), from €127,811 to €156,414
mainly Net result for the year (+€229,007) and Other debts (+€198,283)
- Receivables within one year +€26,298
up €26,298 (+17.7%), from €148,202 to €174,500
of which Other amounts receivable: +€33,464
- Other debts +€198,283
up €198,283 (+11,550%), from €1,717 to €200,000
- Tax, wage and social debts -€87,740
down €87,740 (-82.6%), from €106,226 to €18,485
- Reserves -€83,063
down €83,063 (-22.8%), from €364,659 to €281,596
- Current portion of long-term debt -€29,042
no longer reported in 2025 (was €29,042)
- Trade debts +€9,271
up €9,271 (+50.8%), from €18,248 to €27,518
- Gross operating margin -€105,797
down €105,797 (-25.9%), from €408,700 to €302,903
- Taxes -€24,706
down €24,706 (-24.3%), from €101,535 to €76,829
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 | €519,990 | €527,700 | +€7,709 | +1.5% |
| Fixed assets | 21/28 | €368 | €2,126 | +€1,758 | +477% |
| Tangible fixed assets | 22/27 | €368 | €2,126 | +€1,758 | +477% |
| Furniture and vehicles | 24 | €368 | €2,126 | +€1,758 | +477% |
| Current assets | 29/58 | €519,622 | €525,573 | +€5,951 | +1.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €148,202 | €174,500 | +€26,298 | +17.7% |
| Trade receivables | 40 | €46,573 | €39,407 | -€7,166 | -15.4% |
| Other amounts receivable | 41 | €101,629 | €135,093 | +€33,464 | +32.9% |
| Cash at bank and in hand | 54/58 | €127,811 | €156,414 | +€28,603 | +22.4% |
| Deferred charges and accrued income | 490/1 | €143,609 | €94,659 | -€48,950 | -34.1% |
| Total equity and liabilities | 10/49 | €519,990 | €527,700 | +€7,709 | +1.5% |
| Equity | 10/15 | €364,759 | €281,696 | -€83,063 | -22.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €364,659 | €281,596 | -€83,063 | -22.8% |
| Distributable reserves | 133 | €364,659 | €281,596 | -€83,063 | -22.8% |
| Amounts payable | 17/49 | €155,232 | €246,004 | +€90,772 | +58.5% |
| Amounts payable within one year | 42/48 | €155,232 | €246,004 | +€90,772 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €29,042 | - | -€29,042 | |
| Trade debts | 44 | €18,248 | €27,518 | +€9,271 | +50.8% |
| Suppliers | 440/4 | €18,248 | €27,518 | +€9,271 | +50.8% |
| Taxes, remuneration and social security | 45 | €106,226 | €18,485 | -€87,740 | -82.6% |
| Taxes | 450/3 | €106,226 | €18,485 | -€87,740 | -82.6% |
| Other amounts payable | 47/48 | €1,717 | €200,000 | +€198,283 | +11,550% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €267 | +€10 | +3.9% |
| Other operating charges | 640/8 | €1,593 | €1,697 | +€104 | +6.5% |
| Gross operating margin | 9900 | €408,700 | €302,903 | -€105,797 | -25.9% |
| Operating profit (loss) | 9901 | €406,850 | €300,939 | -€105,911 | -26.0% |
| Financial income | 75/76B | €15,124 | €17,251 | +€2,127 | +14.1% |
| Recurring financial income | 75 | €15,124 | €17,251 | +€2,127 | +14.1% |
| Financial charges | 65/66B | €8,369 | €12,353 | +€3,985 | +47.6% |
| Recurring financial charges | 65 | €8,369 | €12,353 | +€3,985 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €413,605 | €305,837 | -€107,769 | -26.1% |
| Income taxes | 67/77 | €101,535 | €76,829 | -€24,706 | -24.3% |
| Profit (loss) for the period | 9904 | €312,070 | €229,007 | -€83,063 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €312,070 | €229,007 | -€83,063 | -26.6% |
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.