Extel: 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.
Extel
Largest movements
- Cash -€22,549
down €22,549 (-100.0%), from €22,549 to €0
mainly Net result for the year (-€31,691) and Investment in fixed assets (net) (-€17,432)
- Tangible fixed assets +€12,363
up €12,363 (+97.7%), from €12,658 to €25,021
- Receivables within one year +€4,083
up €4,083 (+21.6%), from €18,903 to €22,985
of which Trade receivables: +€7,755
- Stocks and contracts -€3,678
down €3,678 (-60.1%), from €6,119 to €2,441
- Deferred charges and accrued income +€850
new in 2025: €850
- Profit (loss) carried forward -€31,691
down €31,691 (-112.4%), from -€28,186 to -€59,877
- Trade debts +€28,206
up €28,206 (+215.7%), from €13,079 to €41,285
- Other debts -€12,799
down €12,799 (-58.5%), from €21,886 to €9,087
- Debts after one year -€10,400
down €10,400 (-20.8%), from €50,000 to €39,600
of which Other amounts payable: -€30,000
- Short-term financial debts +€9,428
up €9,428, from €0 to €9,428
of which Credit institutions: +€9,428
- Gross operating margin -€23,126
down €23,126, from €951 to -€22,176
- Depreciation +€4,629
up €4,629 (+1050.9%), from €440 to €5,069
- Financial charges +€2,005
up €2,005 (+216.1%), from €928 to €2,933
- Other operating charges +€1,016
up €1,016 (+201.2%), from €505 to €1,521
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 | €62,779 | €53,848 | -€8,931 | -14.2% |
| Fixed assets | 21/28 | €15,208 | €27,571 | +€12,363 | +81.3% |
| Tangible fixed assets | 22/27 | €12,658 | €25,021 | +€12,363 | +97.7% |
| Plant, machinery and equipment | 23 | €12,658 | €25,021 | +€12,363 | +97.7% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €47,570 | €26,276 | -€21,294 | -44.8% |
| Stocks and contracts in progress | 3 | €6,119 | €2,441 | -€3,678 | -60.1% |
| Stocks | 30/36 | €6,119 | €2,441 | -€3,678 | -60.1% |
| Amounts receivable within one year | 40/41 | €18,903 | €22,985 | +€4,083 | +21.6% |
| Trade receivables | 40 | €13,319 | €21,074 | +€7,755 | +58.2% |
| Other amounts receivable | 41 | €5,583 | €1,911 | -€3,672 | -65.8% |
| Cash at bank and in hand | 54/58 | €22,549 | €0 | -€22,549 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €850 | +€850 | |
| Total equity and liabilities | 10/49 | €62,779 | €53,848 | -€8,931 | -14.2% |
| Equity | 10/15 | -€22,186 | -€53,877 | -€31,691 | -142.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,186 | -€59,877 | -€31,691 | -112.4% |
| Amounts payable | 17/49 | €84,964 | €107,725 | +€22,760 | +26.8% |
| Amounts payable after more than one year | 17 | €50,000 | €39,600 | -€10,400 | -20.8% |
| Financial debts | 170/4 | €20,000 | €39,600 | +€19,600 | +98.0% |
| Other amounts payable | 178/9 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts payable within one year | 42/48 | €34,964 | €68,125 | +€33,160 | +94.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,755 | +€5,755 | |
| Financial debts | 43 | €0 | €9,428 | +€9,428 | |
| Credit institutions | 430/8 | - | €9,428 | +€9,428 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €13,079 | €41,285 | +€28,206 | +215.7% |
| Suppliers | 440/4 | €13,079 | €41,285 | +€28,206 | +215.7% |
| Taxes, remuneration and social security | 45 | - | €2,571 | +€2,571 | |
| Taxes | 450/3 | - | €2,571 | +€2,571 | |
| Other amounts payable | 47/48 | €21,886 | €9,087 | -€12,799 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €5,069 | +€4,629 | +1050.9% |
| Other operating charges | 640/8 | €505 | €1,521 | +€1,016 | +201.2% |
| Gross operating margin | 9900 | €951 | -€22,176 | -€23,126 | |
| Operating profit (loss) | 9901 | €5 | -€28,766 | -€28,772 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €928 | €2,933 | +€2,005 | +216.1% |
| Recurring financial charges | 65 | €928 | €2,933 | +€2,005 | +216.1% |
| Profit (loss) for the period before taxes | 9903 | -€922 | -€31,691 | -€30,769 | -3335.4% |
| Profit (loss) for the period | 9904 | -€922 | -€31,691 | -€30,769 | -3335.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€922 | -€31,691 | -€30,769 | -3335.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.