EXTENSA GROUP: 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.
What changed
EXTENSA GROUP
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15.9m
2024 · -€2.6m+€18.5m
Equity
€229.4m
2024 · €213.5m+€15.9m
Cash
€283,823
2024 · €582,685-€298,862
Balance sheet total
€448.1m
2024 · €357.6m+€90.5m
Largest movements
Assets
- Financial fixed assets +€65.7m
up €65.7m (+36.9%), from €177.9m to €243.5m
of which Affiliated companies: +€68.8m
- Receivables within one year +€25.3m
up €25.3m (+14.2%), from €177.7m to €203.0m
of which Other amounts receivable: +€25.3m
Equity and liabilities
- Other debts +€61.8m
up €61.8m (+48.6%), from €127.2m to €189.0m
- Profit (loss) carried forward +€15.9m
up €15.9m (+8.1%), from €195.7m to €211.6m
- Accrued charges and deferred income +€13.2m
up €13.2m (+92.5%), from €14.2m to €27.4m
Income statement
- Financial income -€13.1m
no longer reported in 2025 (was €13.1m)
- Financial charges -€12.7m
down €12.7m (-95.4%), from €13.3m to €615,908
of which Non-recurring financial charges: -€11.1m
- Other operating income -€2.3m
down €2.3m (-48.3%), from €4.7m to €2.4m
- Services and other goods -€1.2m
down €1.2m (-33.1%), from €3.7m to €2.5m
- Other operating charges -€363,197
down €363,197 (-93.5%), from €388,405 to €25,208
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.
Result 2024
-€2.6m
Turnover
-€17,500
Other operating income
-€2.3m
Services and other goods
+€1.2m
Staff costs
+€68,554
Depreciation
+€61,315
Other operating charges
+€363,197
Other operating items
+€107,894
Financial income
-€13.1m
Financial charges
+€12.7m
Other financial items
+€19.2m
Taxes
+€155,676
Result 2025
€15.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€64.9m
Investment
-€65.6m
Financing
+€457,911
Cash 2024
€582,685
From operations (derived)
+€64.9m
Net result for the year
+€15.9m
Depreciation
+€333,506
Receivables within one year
-€25.3m
Deferred charges and accrued income
-€222,804
Trade debts
-€1.3m
Tax, wage and social debts
+€430,177
Other debts
+€61.8m
Accrued charges and deferred income
+€13.2m
Investment (derived)
-€65.6m
Investment in fixed assets (net)
-€65.6m
Current investments
-€0
Financing
+€457,911
Debts after one year
+€457,910
Contributions, distributions and other
+€1
Cash 2025
€283,823
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,571,743 | €448,116,238 | +€90.5m | +25.3% |
| Fixed assets | 21/28 | €179,134,866 | €244,447,262 | +€65.3m | +36.5% |
| Intangible fixed assets | 21 | €219,959 | €70,359 | -€149,600 | -68.0% |
| Tangible fixed assets | 22/27 | €1,033,401 | €834,916 | -€198,485 | -19.2% |
| Furniture and vehicles | 24 | €53,127 | €17,416 | -€35,711 | -67.2% |
| Other tangible fixed assets | 26 | €980,274 | €817,500 | -€162,774 | -16.6% |
| Financial fixed assets | 28 | €177,881,506 | €243,541,987 | +€65.7m | +36.9% |
| Affiliated companies | 280/1 | €172,927,005 | €241,714,067 | +€68.8m | +39.8% |
| Participating interests | 280 | €62,368,567 | €66,684,784 | +€4.3m | +6.9% |
| Amounts receivable | 281 | €110,558,438 | €175,029,283 | +€64.5m | +58.3% |
| Companies linked by participating interests | 282/3 | €4,954,501 | €1,827,920 | -€3.1m | -63.1% |
| Participating interests | 282 | €4,954,501 | €1,827,920 | -€3.1m | -63.1% |
| Current assets | 29/58 | €178,436,877 | €203,668,976 | +€25.2m | +14.1% |
| Amounts receivable within one year | 40/41 | €177,708,808 | €203,016,965 | +€25.3m | +14.2% |
| Trade receivables | 40 | €1,120,097 | €1,155,464 | +€35,367 | +3.2% |
| Other amounts receivable | 41 | €176,588,710 | €201,861,501 | +€25.3m | +14.3% |
| Current investments | 50/53 | €141 | €141 | +€0 | +0.1% |
| Other investments | 51/53 | €141 | €141 | +€0 | +0.1% |
| Cash at bank and in hand | 54/58 | €582,685 | €283,823 | -€298,862 | -51.3% |
| Deferred charges and accrued income | 490/1 | €145,243 | €368,047 | +€222,804 | +153% |
| Total equity and liabilities | 10/49 | €357,571,743 | €448,116,238 | +€90.5m | +25.3% |
| Equity | 10/15 | €213,481,661 | €229,428,701 | +€15.9m | +7.5% |
| Contributions | 10/11 | €15,939,028 | €15,939,028 | -€0 | 0.0% |
| Capital | 10 | €15,939,028 | €15,939,028 | -€0 | 0.0% |
| Issued capital | 100 | €15,939,028 | €15,939,028 | -€0 | 0.0% |
| Reserves | 13 | €1,859,772 | €1,859,772 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,667,445 | €1,667,445 | +€0 | 0.0% |
| Legal reserve | 130 | €1,666,190 | €1,666,190 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,255 | €1,255 | -€0 | 0.0% |
| Distributable reserves | 133 | €192,327 | €192,327 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €195,682,862 | €211,629,901 | +€15.9m | +8.1% |
| Amounts payable | 17/49 | €144,090,082 | €218,687,537 | +€74.6m | +51.8% |
| Amounts payable after more than one year | 17 | €113,440 | €571,350 | +€457,910 | +404% |
| Other amounts payable | 178/9 | €113,440 | €571,350 | +€457,910 | +404% |
| Amounts payable within one year | 42/48 | €129,751,450 | €190,730,257 | +€61.0m | +47.0% |
| Trade debts | 44 | €1,898,778 | €630,415 | -€1.3m | -66.8% |
| Suppliers | 440/4 | €1,898,778 | €630,415 | -€1.3m | -66.8% |
| Taxes, remuneration and social security | 45 | €689,996 | €1,120,173 | +€430,177 | +62.3% |
| Taxes | 450/3 | €604,162 | €1,079,700 | +€475,538 | +78.7% |
| Remuneration and social security | 454/9 | €85,833 | €40,473 | -€45,360 | -52.8% |
| Other amounts payable | 47/48 | €127,162,676 | €188,979,669 | +€61.8m | +48.6% |
| Accrued charges and deferred income | 492/3 | €14,225,192 | €27,385,930 | +€13.2m | +92.5% |
| Operating income | 70/76A | €5,596,325 | €3,432,381 | -€2.2m | -38.7% |
| Turnover | 70 | €42,500 | €25,000 | -€17,500 | -41.2% |
| Other operating income | 74 | €4,667,383 | €2,413,045 | -€2.3m | -48.3% |
| Non-recurring operating income | 76A | €886,442 | €994,336 | +€107,894 | +12.2% |
| Operating charges | 60/66A | €5,358,032 | €3,642,953 | -€1.7m | -32.0% |
| Services and other goods | 61 | €3,696,702 | €2,474,688 | -€1.2m | -33.1% |
| Remuneration, social security and pensions | 62 | €878,105 | €809,551 | -€68,554 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394,821 | €333,506 | -€61,315 | -15.5% |
| Other operating charges | 640/8 | €388,405 | €25,208 | -€363,197 | -93.5% |
| Operating profit (loss) | 9901 | €238,293 | -€210,572 | -€448,865 | |
| Financial income | 75/76B | €13,148,031 | - | -€13.1m | |
| Recurring financial income | 75 | €13,098,004 | €14,677,297 | +€1.6m | +12.1% |
| Income from current assets | 751 | €13,098,004 | €14,677,297 | +€1.6m | +12.1% |
| Non-recurring financial income | 76B | €50,027 | €4,541,550 | +€4.5m | +8,978% |
| Financial charges | 65/66B | €13,345,284 | €615,908 | -€12.7m | -95.4% |
| Recurring financial charges | 65 | €2,283,457 | €615,908 | -€1.7m | -73.0% |
| Debt charges | 650 | €2,283,457 | €615,908 | -€1.7m | -73.0% |
| Non-recurring financial charges | 66B | €11,061,828 | - | -€11.1m | |
| Profit (loss) for the period before taxes | 9903 | €41,039 | €18,392,367 | +€18.4m | +44,716% |
| Income taxes | 67/77 | €2,601,004 | €2,445,328 | -€155,676 | -6.0% |
| Taxes | 670/3 | €2,601,004 | €2,445,328 | -€155,676 | -6.0% |
| Profit (loss) for the period | 9904 | -€2,559,965 | €15,947,039 | +€18.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,559,965 | €15,947,039 | +€18.5m |
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 22 October 2026 via checked.be.