EXTENSA DEVELOPMENT: 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.
EXTENSA DEVELOPMENT
Largest movements
- Receivables within one year -€320,330
down €320,330 (-80.1%), from €399,722 to €79,392
of which Other amounts receivable: -€357,828
- Tangible fixed assets -€36,127
down €36,127 (-10.0%), from €361,599 to €325,472
- Contributions -€2.4m
down €2.4m (-52.9%), from €4.5m to €2.1m
- Profit (loss) carried forward +€2.0m
up €2.0m (+18.5%), from -€10.8m to -€8.8m
- Other debts -€904,823
down €904,823 (-80.6%), from €1.1m to €217,556
- Debts after one year +€846,496
up €846,496 (+14.2%), from €6.0m to €6.8m
- Trade debts +€26,883
up €26,883 (+17.6%), from €153,014 to €179,897
- Taxes +€1.9m
new in 2025: €1.9m
- Gross operating margin +€171,355
up €171,355, from -€89,015 to €82,340
- Purchases and services +€165,490
new in 2025: €165,490
- Other operating charges +€127,049
up €127,049 (+686%), from €18,531 to €145,580
- Financial charges -€126,816
down €126,816 (-30.8%), from €411,590 to €284,774
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 | €886,535 | €530,068 | -€356,467 | -40.2% |
| Fixed assets | 21/28 | €486,599 | €450,462 | -€36,137 | -7.4% |
| Tangible fixed assets | 22/27 | €361,599 | €325,472 | -€36,127 | -10.0% |
| Other tangible fixed assets | 26 | €361,599 | €325,472 | -€36,127 | -10.0% |
| Financial fixed assets | 28 | €125,000 | €124,990 | -€10 | 0.0% |
| Current assets | 29/58 | €399,937 | €79,606 | -€320,331 | -80.1% |
| Stocks and contracts in progress | 3 | €1 | €1 | = | 0.0% |
| Stocks | 30/36 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €399,722 | €79,392 | -€320,330 | -80.1% |
| Trade receivables | 40 | €41,236 | €78,734 | +€37,498 | +90.9% |
| Other amounts receivable | 41 | €358,486 | €658 | -€357,828 | -99.8% |
| Cash at bank and in hand | 54/58 | €213 | €213 | -€0 | -0.1% |
| Total equity and liabilities | 10/49 | €886,535 | €530,068 | -€356,467 | -40.2% |
| Equity | 10/15 | -€6,361,605 | -€6,708,836 | -€347,231 | -5.5% |
| Contributions | 10/11 | €4,454,252 | €2,100,000 | -€2.4m | -52.9% |
| Capital | 10 | €4,454,252 | €2,100,000 | -€2.4m | -52.9% |
| Issued capital | 100 | €4,454,252 | €2,100,000 | -€2.4m | -52.9% |
| Reserves | 13 | €9,242 | €9,242 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €8,436 | €8,436 | +€0 | 0.0% |
| Legal reserve | 130 | €8,436 | €8,436 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €806 | €806 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€10,825,099 | -€8,818,078 | +€2.0m | +18.5% |
| Amounts payable | 17/49 | €7,248,140 | €7,238,904 | -€9,236 | -0.1% |
| Amounts payable after more than one year | 17 | €5,972,748 | €6,819,244 | +€846,496 | +14.2% |
| Other amounts payable | 178/9 | €5,972,748 | €6,819,244 | +€846,496 | +14.2% |
| Amounts payable within one year | 42/48 | €1,275,393 | €419,660 | -€855,733 | -67.1% |
| Trade debts | 44 | €153,014 | €179,897 | +€26,883 | +17.6% |
| Suppliers | 440/4 | €153,014 | €179,897 | +€26,883 | +17.6% |
| Taxes, remuneration and social security | 45 | - | €22,207 | +€22,207 | |
| Taxes | 450/3 | - | €22,207 | +€22,207 | |
| Other amounts payable | 47/48 | €1,122,379 | €217,556 | -€904,823 | -80.6% |
| Turnover | 70 | - | €108,058 | +€108,058 | |
| Non-recurring operating income | 76A | €7,251 | €139,772 | +€132,521 | +1,828% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €165,490 | +€165,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,127 | €36,126 | -€1 | 0.0% |
| Other operating charges | 640/8 | €18,531 | €145,580 | +€127,049 | +686% |
| Gross operating margin | 9900 | -€89,015 | €82,340 | +€171,355 | |
| Operating profit (loss) | 9901 | -€143,672 | -€99,366 | +€44,306 | +30.8% |
| Financial income | 75/76B | - | €6,000 | +€6,000 | |
| Recurring financial income | 75 | - | €6,000 | +€6,000 | |
| Financial charges | 65/66B | €411,590 | €284,774 | -€126,816 | -30.8% |
| Recurring financial charges | 65 | €411,590 | €284,774 | -€126,816 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€555,262 | -€378,140 | +€177,122 | +31.9% |
| Income taxes | 67/77 | - | €1,850,809 | +€1.9m | |
| Profit (loss) for the period | 9904 | -€555,262 | -€2,228,949 | -€1.7m | -301% |
| Profit (loss) for the period to be appropriated | 9905 | -€555,262 | -€2,228,949 | -€1.7m | -301% |
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 13 October 2026 via checked.be.