EXVACO: 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.
EXVACO
Largest movements
- Receivables within one year +€20,250
up €20,250 (+16.2%), from €125,005 to €145,255
- Cash -€12,145
down €12,145 (-74.0%), from €16,421 to €4,276
mainly Contributions, distributions and other (-€35,000) and Receivables within one year (-€20,250)
- Tangible fixed assets -€6,071
down €6,071 (-1.6%), from €368,639 to €362,568
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,580
up €1,580 (+3.3%), from €48,540 to €50,120
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 | €513,357 | €515,592 | +€2,235 | +0.4% |
| Fixed assets | 21/28 | €368,639 | €362,568 | -€6,071 | -1.6% |
| Tangible fixed assets | 22/27 | €368,639 | €362,568 | -€6,071 | -1.6% |
| Land and buildings | 22 | €368,639 | €362,568 | -€6,071 | -1.6% |
| Current assets | 29/58 | €144,718 | €153,024 | +€8,305 | +5.7% |
| Amounts receivable within one year | 40/41 | €125,005 | €145,255 | +€20,250 | +16.2% |
| Other amounts receivable | 41 | €125,005 | €145,255 | +€20,250 | +16.2% |
| Cash at bank and in hand | 54/58 | €16,421 | €4,276 | -€12,145 | -74.0% |
| Deferred charges and accrued income | 490/1 | €3,292 | €3,492 | +€200 | +6.1% |
| Total equity and liabilities | 10/49 | €513,357 | €515,592 | +€2,235 | +0.4% |
| Equity | 10/15 | €450,073 | €450,308 | +€235 | +0.1% |
| Contributions | 10/11 | €343,952 | €343,952 | = | 0.0% |
| Capital | 10 | €343,952 | €343,952 | = | 0.0% |
| Issued capital | 100 | €343,952 | €343,952 | = | 0.0% |
| Reserves | 13 | €106,120 | €106,355 | +€235 | +0.2% |
| Non-distributable reserves | 130/1 | €34,395 | €34,395 | = | 0.0% |
| Legal reserve | 130 | €34,395 | €34,395 | = | 0.0% |
| Distributable reserves | 133 | €71,725 | €71,960 | +€235 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,284 | €65,284 | +€2,000 | +3.2% |
| Amounts payable within one year | 42/48 | €63,284 | €65,284 | +€2,000 | +3.2% |
| Taxes, remuneration and social security | 45 | €1,302 | €1,302 | = | 0.0% |
| Taxes | 450/3 | €1,302 | €1,302 | = | 0.0% |
| Other amounts payable | 47/48 | €61,982 | €63,982 | +€2,000 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,071 | €6,071 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €48,540 | €50,120 | +€1,580 | +3.3% |
| Operating profit (loss) | 9901 | €41,964 | €43,530 | +€1,566 | +3.7% |
| Financial income | 75/76B | €3,292 | €3,492 | +€200 | +6.1% |
| Recurring financial income | 75 | €3,292 | €3,492 | +€200 | +6.1% |
| Financial charges | 65/66B | €47 | €42 | -€5 | -10.6% |
| Recurring financial charges | 65 | €47 | €42 | -€5 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €45,209 | €46,980 | +€1,771 | +3.9% |
| Income taxes | 67/77 | €11,302 | €11,745 | +€443 | +3.9% |
| Profit (loss) for the period | 9904 | €33,906 | €35,235 | +€1,328 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,906 | €35,235 | +€1,328 | +3.9% |
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 12 October 2026 via checked.be.