EXULTEX: 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.
EXULTEX
Largest movements
- Receivables within one year +€160,164
up €160,164 (+32.2%), from €496,638 to €656,802
of which Other amounts receivable: +€322,892
- Cash -€17,756
down €17,756 (-83.0%), from €21,384 to €3,628
mainly Receivables within one year (-€160,164) and Tax, wage and social debts (-€94,830)
- Trade debts +€137,974
up €137,974 (+737.0%), from €18,722 to €156,696
- Tax, wage and social debts -€94,830
down €94,830 (-75.0%), from €126,491 to €31,661
- Reserves +€49,675
up €49,675 (+20.7%), from €240,000 to €289,675
of which Distributable reserves: +€89,675
- Accrued charges and deferred income +€42,869
new in 2025: €42,869
- Turnover -€620,666
down €620,666 (-45.4%), from €1.4m to €745,335
- Gross operating margin -€431,771
down €431,771 (-41.1%), from €1.1m to €619,905
- Staff costs -€185,594
down €185,594 (-25.8%), from €718,215 to €532,621
- Purchases and services -€179,895
down €179,895 (-57.2%), from €314,324 to €134,430
- Taxes -€51,525
down €51,525 (-61.5%), from €83,766 to €32,241
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 | €533,662 | €669,351 | +€135,689 | +25.4% |
| Fixed assets | 21/28 | €6,060 | €1,611 | -€4,449 | -73.4% |
| Tangible fixed assets | 22/27 | €6,060 | €1,611 | -€4,449 | -73.4% |
| Plant, machinery and equipment | 23 | €3,942 | €1,227 | -€2,715 | -68.9% |
| Furniture and vehicles | 24 | €2,119 | €385 | -€1,734 | -81.8% |
| Current assets | 29/58 | €527,602 | €667,740 | +€140,138 | +26.6% |
| Amounts receivable within one year | 40/41 | €496,638 | €656,802 | +€160,164 | +32.2% |
| Trade receivables | 40 | €217,993 | €55,265 | -€162,728 | -74.6% |
| Other amounts receivable | 41 | €278,645 | €601,537 | +€322,892 | +115.9% |
| Cash at bank and in hand | 54/58 | €21,384 | €3,628 | -€17,756 | -83.0% |
| Deferred charges and accrued income | 490/1 | €9,580 | €7,309 | -€2,271 | -23.7% |
| Total equity and liabilities | 10/49 | €533,662 | €669,351 | +€135,689 | +25.4% |
| Equity | 10/15 | €388,449 | €438,124 | +€49,675 | +12.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €240,000 | €289,675 | +€49,675 | +20.7% |
| Tax-exempt reserves | 132 | €40,000 | - | -€40,000 | |
| Distributable reserves | 133 | €200,000 | €289,675 | +€89,675 | +44.8% |
| Profit (loss) carried forward | 14 | €142,449 | €142,449 | +€0 | 0.0% |
| Amounts payable | 17/49 | €145,213 | €231,227 | +€86,013 | +59.2% |
| Amounts payable within one year | 42/48 | €145,213 | €188,358 | +€43,144 | +29.7% |
| Trade debts | 44 | €18,722 | €156,696 | +€137,974 | +737.0% |
| Suppliers | 440/4 | €18,722 | €156,696 | +€137,974 | +737.0% |
| Taxes, remuneration and social security | 45 | €126,491 | €31,661 | -€94,830 | -75.0% |
| Taxes | 450/3 | €126,491 | €31,661 | -€94,830 | -75.0% |
| Accrued charges and deferred income | 492/3 | - | €42,869 | +€42,869 | |
| Turnover | 70 | €1,366,001 | €745,335 | -€620,666 | -45.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €314,324 | €134,430 | -€179,895 | -57.2% |
| Remuneration, social security and pensions | 62 | €718,215 | €532,621 | -€185,594 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,883 | €5,441 | -€3,442 | -38.7% |
| Other operating charges | 640/8 | €1,231 | €292 | -€938 | -76.3% |
| Non-recurring operating charges | 66A | €2,723 | - | -€2,723 | |
| Gross operating margin | 9900 | €1,051,676 | €619,905 | -€431,771 | -41.1% |
| Operating profit (loss) | 9901 | €320,624 | €81,551 | -€239,074 | -74.6% |
| Financial income | 75/76B | €76 | €2,031 | +€1,955 | +2581.4% |
| Recurring financial income | 75 | €76 | €31 | -€45 | -58.8% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €1,935 | €1,665 | -€270 | -13.9% |
| Recurring financial charges | 65 | €1,935 | €1,665 | -€270 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €318,765 | €81,916 | -€236,848 | -74.3% |
| Income taxes | 67/77 | €83,766 | €32,241 | -€51,525 | -61.5% |
| Profit (loss) for the period | 9904 | €234,999 | €49,675 | -€185,324 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €234,999 | €49,675 | -€185,324 | -78.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.