EXSV: 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.
EXSV
Largest movements
- Receivables within one year +€88,532
up €88,532 (+67.2%), from €131,800 to €220,332
of which Trade receivables: +€80,342
- Tangible fixed assets +€82,488
up €82,488 (+379%), from €21,778 to €104,266
of which Furniture and vehicles: +€77,760
- Cash -€60,071
down €60,071 (-21.4%), from €280,807 to €220,735
mainly Contributions, distributions and other (-€244,379) and Investment in fixed assets (net) (-€96,659)
- Other debts +€131,585
up €131,585 (+117%), from €112,794 to €244,379
- Profit (loss) carried forward -€32,136
no longer reported in 2025 (was €32,136)
- Tax, wage and social debts +€12,006
up €12,006 (+20.4%), from €58,994 to €71,000
- Gross operating margin +€148,471
up €148,471 (+99.9%), from €148,670 to €297,141
- Taxes +€28,698
up €28,698 (+68.1%), from €42,157 to €70,855
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 | €434,385 | €545,333 | +€110,949 | +25.5% |
| Fixed assets | 21/28 | €21,778 | €104,266 | +€82,488 | +379% |
| Tangible fixed assets | 22/27 | €21,778 | €104,266 | +€82,488 | +379% |
| Plant, machinery and equipment | 23 | - | €9,654 | +€9,654 | |
| Furniture and vehicles | 24 | €14,926 | €92,687 | +€77,760 | +521% |
| Other tangible fixed assets | 26 | €6,852 | €1,926 | -€4,926 | -71.9% |
| Current assets | 29/58 | €412,606 | €441,067 | +€28,461 | +6.9% |
| Amounts receivable within one year | 40/41 | €131,800 | €220,332 | +€88,532 | +67.2% |
| Trade receivables | 40 | €131,800 | €212,142 | +€80,342 | +61.0% |
| Other amounts receivable | 41 | - | €8,190 | +€8,190 | |
| Cash at bank and in hand | 54/58 | €280,807 | €220,735 | -€60,071 | -21.4% |
| Total equity and liabilities | 10/49 | €434,385 | €545,333 | +€110,949 | +25.5% |
| Equity | 10/15 | €257,596 | €225,460 | -€32,136 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €206,860 | €206,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €205,000 | €205,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,136 | - | -€32,136 | |
| Amounts payable | 17/49 | €176,788 | €319,873 | +€143,085 | +80.9% |
| Amounts payable within one year | 42/48 | €176,788 | €319,873 | +€143,085 | +80.9% |
| Trade debts | 44 | €5,000 | €4,494 | -€506 | -10.1% |
| Suppliers | 440/4 | €5,000 | €4,494 | -€506 | -10.1% |
| Taxes, remuneration and social security | 45 | €58,994 | €71,000 | +€12,006 | +20.4% |
| Taxes | 450/3 | €58,994 | €71,000 | +€12,006 | +20.4% |
| Other amounts payable | 47/48 | €112,794 | €244,379 | +€131,585 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,908 | €14,171 | -€736 | -4.9% |
| Other operating charges | 640/8 | €1,569 | €1,078 | -€491 | -31.3% |
| Gross operating margin | 9900 | €148,670 | €297,141 | +€148,471 | +99.9% |
| Operating profit (loss) | 9901 | €132,193 | €281,891 | +€149,699 | +113% |
| Financial income | 75/76B | - | €1,314 | +€1,314 | |
| Recurring financial income | 75 | - | €1,314 | +€1,314 | |
| Financial charges | 65/66B | €106 | €108 | +€3 | +2.5% |
| Recurring financial charges | 65 | €106 | €108 | +€3 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €132,087 | €283,097 | +€151,010 | +114% |
| Income taxes | 67/77 | €42,157 | €70,855 | +€28,698 | +68.1% |
| Profit (loss) for the period | 9904 | €89,931 | €212,243 | +€122,312 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €89,931 | €212,243 | +€122,312 | +136% |
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 25 October 2026 via checked.be.