EXSTRA: what changed
Two fiscal 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.
EXSTRA
Largest movements
- Tangible fixed assets +€255,813
up €255,813 (+58.6%), from €436,432 to €692,246
of which Land and buildings: +€170,897
- Cash -€209,440
down €209,440 (-79.8%), from €262,516 to €53,076
mainly Investment in fixed assets (net) (-€304,037) and Receivables within one year (-€19,910)
- Receivables within one year +€19,910
up €19,910 (+113.2%), from €17,587 to €37,497
of which Other amounts receivable: +€21,841
- Trade debts +€28,904
new in 2025: €28,904
- Other debts +€19,937
up €19,937 (+51.1%), from €38,984 to €58,921
- Current portion of long-term debt +€12,470
new in 2025: €12,470
- Gross operating margin -€235,002
down €235,002 (-82.6%), from €284,578 to €49,576
- Taxes -€81,681
down €81,681 (-99.9%), from €81,757 to €76
- Depreciation +€26,873
up €26,873 (+125.9%), from €21,351 to €48,224
- Financial income -€10,556
down €10,556 (-96.5%), from €10,939 to €383
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 | €720,205 | €787,030 | +€66,825 | +9.3% |
| Fixed assets | 21/28 | €439,482 | €695,296 | +€255,813 | +58.2% |
| Tangible fixed assets | 22/27 | €436,432 | €692,246 | +€255,813 | +58.6% |
| Land and buildings | 22 | €361,240 | €532,138 | +€170,897 | +47.3% |
| Furniture and vehicles | 24 | €5,072 | €44,205 | +€39,133 | +771.5% |
| Assets under construction and advance payments | 27 | €70,120 | €115,903 | +€45,783 | +65.3% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €280,723 | €91,735 | -€188,988 | -67.3% |
| Amounts receivable within one year | 40/41 | €17,587 | €37,497 | +€19,910 | +113.2% |
| Trade receivables | 40 | €4,955 | €3,025 | -€1,931 | -39.0% |
| Other amounts receivable | 41 | €12,632 | €34,473 | +€21,841 | +172.9% |
| Cash at bank and in hand | 54/58 | €262,516 | €53,076 | -€209,440 | -79.8% |
| Deferred charges and accrued income | 490/1 | €619 | €1,161 | +€542 | +87.5% |
| Total equity and liabilities | 10/49 | €720,205 | €787,030 | +€66,825 | +9.3% |
| Equity | 10/15 | €642,533 | €640,113 | -€2,420 | -0.4% |
| Contributions | 10/11 | €36,200 | €36,200 | = | 0.0% |
| Reserves | 13 | €546,029 | €546,029 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,239 | €7,239 | = | 0.0% |
| Distributable reserves | 133 | €538,789 | €538,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,304 | €57,884 | -€2,420 | -4.0% |
| Amounts payable | 17/49 | €77,672 | €146,917 | +€69,245 | +89.2% |
| Amounts payable after more than one year | 17 | - | €7,436 | +€7,436 | |
| Financial debts | 170/4 | - | €7,436 | +€7,436 | |
| Amounts payable within one year | 42/48 | €77,672 | €139,482 | +€61,810 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,470 | +€12,470 | |
| Trade debts | 44 | - | €28,904 | +€28,904 | |
| Suppliers | 440/4 | - | €28,904 | +€28,904 | |
| Taxes, remuneration and social security | 45 | €38,688 | €39,187 | +€499 | +1.3% |
| Taxes | 450/3 | €36,422 | €32,336 | -€4,085 | -11.2% |
| Remuneration and social security | 454/9 | €2,266 | €6,851 | +€4,585 | +202.3% |
| Other amounts payable | 47/48 | €38,984 | €58,921 | +€19,937 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,351 | €48,224 | +€26,873 | +125.9% |
| Other operating charges | 640/8 | €3,493 | €3,073 | -€420 | -12.0% |
| Gross operating margin | 9900 | €284,578 | €49,576 | -€235,002 | -82.6% |
| Operating profit (loss) | 9901 | €259,734 | -€1,721 | -€261,455 | |
| Financial income | 75/76B | €10,939 | €383 | -€10,556 | -96.5% |
| Recurring financial income | 75 | €10,939 | €383 | -€10,556 | -96.5% |
| Financial charges | 65/66B | €1,439 | €1,007 | -€432 | -30.0% |
| Recurring financial charges | 65 | €1,439 | €1,007 | -€432 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €269,234 | -€2,345 | -€271,579 | |
| Income taxes | 67/77 | €81,757 | €76 | -€81,681 | -99.9% |
| Profit (loss) for the period | 9904 | €187,477 | -€2,420 | -€189,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €187,477 | -€2,420 | -€189,898 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.