Extell: 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.
Extell
Largest movements
- Stocks and contracts -€722,177
down €722,177 (-100.0%), from €722,177 to €0
- Cash +€444,650
up €444,650 (+1354.5%), from €32,827 to €477,477
mainly Stocks and contracts (+€722,177) and Net result for the year (+€126,488)
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Receivables within one year -€23,522
down €23,522 (-52.5%), from €44,838 to €21,316
- Short-term financial debts -€528,403
down €528,403 (-100.0%), from €528,403 to €0
- Reserves +€126,488
up €126,488 (+42.9%), from €294,533 to €421,021
- Other debts -€33,731
down €33,731 (-41.9%), from €80,588 to €46,857
- Tax, wage and social debts +€9,261
up €9,261 (+798.6%), from €1,160 to €10,420
- Financial income +€104,961
up €104,961 (+154.2%), from €68,061 to €173,022
- Gross operating margin -€59,517
down €59,517 (-58.7%), from €101,418 to €41,901
- Other operating charges -€26,088
down €26,088 (-86.3%), from €30,246 to €4,158
- Taxes +€18,795
up €18,795 (+45.4%), from €41,438 to €60,233
- Financial charges +€12,941
up €12,941 (+119.0%), from €10,872 to €23,812
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 | €925,744 | €499,228 | -€426,516 | -46.1% |
| Fixed assets | 21/28 | €628 | €147 | -€481 | -76.6% |
| Tangible fixed assets | 22/27 | €378 | €147 | -€231 | -61.2% |
| Plant, machinery and equipment | 23 | €378 | €147 | -€231 | -61.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €925,116 | €499,081 | -€426,035 | -46.1% |
| Stocks and contracts in progress | 3 | €722,177 | €0 | -€722,177 | -100.0% |
| Stocks | 30/36 | €722,177 | €0 | -€722,177 | -100.0% |
| Amounts receivable within one year | 40/41 | €44,838 | €21,316 | -€23,522 | -52.5% |
| Other amounts receivable | 41 | €44,838 | €21,316 | -€23,522 | -52.5% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,827 | €477,477 | +€444,650 | +1354.5% |
| Deferred charges and accrued income | 490/1 | €275 | €288 | +€14 | +4.9% |
| Total equity and liabilities | 10/49 | €925,744 | €499,228 | -€426,516 | -46.1% |
| Equity | 10/15 | €313,133 | €439,621 | +€126,488 | +40.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €294,533 | €421,021 | +€126,488 | +42.9% |
| Distributable reserves | 133 | €294,533 | €421,021 | +€126,488 | +42.9% |
| Amounts payable | 17/49 | €612,611 | €59,607 | -€553,005 | -90.3% |
| Amounts payable within one year | 42/48 | €612,611 | €59,607 | -€553,005 | -90.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €528,403 | €0 | -€528,403 | -100.0% |
| Credit institutions | 430/8 | €528,403 | €0 | -€528,403 | -100.0% |
| Trade debts | 44 | €2,461 | €2,330 | -€130 | -5.3% |
| Suppliers | 440/4 | €2,461 | €2,330 | -€130 | -5.3% |
| Taxes, remuneration and social security | 45 | €1,160 | €10,420 | +€9,261 | +798.6% |
| Taxes | 450/3 | €1,160 | €10,420 | +€9,261 | +798.6% |
| Other amounts payable | 47/48 | €80,588 | €46,857 | -€33,731 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,014 | €231 | -€783 | -77.2% |
| Other operating charges | 640/8 | €30,246 | €4,158 | -€26,088 | -86.3% |
| Gross operating margin | 9900 | €101,418 | €41,901 | -€59,517 | -58.7% |
| Operating profit (loss) | 9901 | €70,158 | €37,512 | -€32,646 | -46.5% |
| Financial income | 75/76B | €68,061 | €173,022 | +€104,961 | +154.2% |
| Recurring financial income | 75 | €68,061 | €173,022 | +€104,961 | +154.2% |
| Financial charges | 65/66B | €10,872 | €23,812 | +€12,941 | +119.0% |
| Recurring financial charges | 65 | €10,872 | €23,812 | +€12,941 | +119.0% |
| Profit (loss) for the period before taxes | 9903 | €127,347 | €186,722 | +€59,375 | +46.6% |
| Income taxes | 67/77 | €41,438 | €60,233 | +€18,795 | +45.4% |
| Profit (loss) for the period | 9904 | €85,909 | €126,488 | +€40,580 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,909 | €126,488 | +€40,580 | +47.2% |
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 11 October 2026 via checked.be.