exultant: what changed
Two fiscal 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.
exultant
Largest movements
- Cash +€73,859
up €73,859 (+87.2%), from €84,721 to €158,580
mainly Net result for the year (+€121,483) and Other debts (+€117,989)
- Tangible fixed assets -€43,257
down €43,257 (-93.5%), from €46,246 to €2,989
of which Furniture and vehicles: -€40,813
- Receivables within one year -€15,101
down €15,101 (-27.1%), from €55,697 to €40,596
of which Trade receivables: -€22,575
- Other debts +€117,989
up €117,989 (+248.0%), from €47,569 to €165,558
- Profit (loss) carried forward -€117,715
no longer reported in 2025 (was €117,715)
- Tax, wage and social debts +€15,372
up €15,372 (+266.2%), from €5,775 to €21,147
- Depreciation -€13,171
down €13,171 (-52.4%), from €25,121 to €11,950
- Gross operating margin -€4,759
down €4,759 (-2.6%), from €179,590 to €174,832
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 | €191,794 | €207,165 | +€15,371 | +8.0% |
| Fixed assets | 21/28 | €46,246 | €2,989 | -€43,257 | -93.5% |
| Tangible fixed assets | 22/27 | €46,246 | €2,989 | -€43,257 | -93.5% |
| Plant, machinery and equipment | 23 | €5,433 | €2,989 | -€2,444 | -45.0% |
| Furniture and vehicles | 24 | €40,813 | - | -€40,813 | |
| Current assets | 29/58 | €145,548 | €204,177 | +€58,629 | +40.3% |
| Amounts receivable within one year | 40/41 | €55,697 | €40,596 | -€15,101 | -27.1% |
| Trade receivables | 40 | €43,556 | €20,980 | -€22,575 | -51.8% |
| Other amounts receivable | 41 | €12,141 | €19,616 | +€7,474 | +61.6% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,721 | €158,580 | +€73,859 | +87.2% |
| Deferred charges and accrued income | 490/1 | €130 | - | -€130 | |
| Total equity and liabilities | 10/49 | €191,794 | €207,165 | +€15,371 | +8.0% |
| Equity | 10/15 | €138,175 | €20,460 | -€117,715 | -85.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €117,715 | - | -€117,715 | |
| Amounts payable | 17/49 | €53,619 | €186,705 | +€133,086 | +248.2% |
| Amounts payable within one year | 42/48 | €53,619 | €186,705 | +€133,086 | +248.2% |
| Trade debts | 44 | €276 | - | -€276 | |
| Suppliers | 440/4 | €276 | - | -€276 | |
| Taxes, remuneration and social security | 45 | €5,775 | €21,147 | +€15,372 | +266.2% |
| Taxes | 450/3 | €5,775 | €21,147 | +€15,372 | +266.2% |
| Other amounts payable | 47/48 | €47,569 | €165,558 | +€117,989 | +248.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,121 | €11,950 | -€13,171 | -52.4% |
| Other operating charges | 640/8 | €538 | €786 | +€248 | +46.2% |
| Non-recurring operating charges | 66A | - | €1,621 | +€1,621 | |
| Gross operating margin | 9900 | €179,590 | €174,832 | -€4,759 | -2.6% |
| Operating profit (loss) | 9901 | €153,932 | €160,474 | +€6,543 | +4.3% |
| Financial income | 75/76B | €408 | €709 | +€301 | +73.8% |
| Recurring financial income | 75 | €408 | €709 | +€301 | +73.8% |
| Financial charges | 65/66B | €1,646 | €3,105 | +€1,459 | +88.6% |
| Recurring financial charges | 65 | €1,646 | €3,105 | +€1,459 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €152,694 | €158,079 | +€5,385 | +3.5% |
| Income taxes | 67/77 | €34,979 | €36,596 | +€1,617 | +4.6% |
| Profit (loss) for the period | 9904 | €117,715 | €121,483 | +€3,768 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,715 | €121,483 | +€3,768 | +3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.