GEXHAM: 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.
GEXHAM
Largest movements
- Cash +€98,164
up €98,164 (+167.1%), from €58,761 to €156,925
mainly Net result for the year (+€100,740) and Depreciation (+€41,007)
- Tangible fixed assets -€37,786
down €37,786 (-8.9%), from €423,824 to €386,039
of which Land and buildings: -€24,825
- Reserves +€100,000
up €100,000 (+74.1%), from €135,000 to €235,000
- Other debts -€41,271
down €41,271 (-86.6%), from €47,661 to €6,390
- Debts after one year -€24,035
down €24,035 (-12.5%), from €192,048 to €168,013
- Tax, wage and social debts +€17,500
up €17,500 (+112.9%), from €15,500 to €33,000
- Trade debts +€10,026
up €10,026 (+2150.6%), from €466 to €10,493
- Gross operating margin +€98,620
up €98,620 (+95.6%), from €103,134 to €201,754
- Taxes +€37,236
up €37,236 (+241.9%), from €15,396 to €52,632
- Financial charges -€2,304
down €2,304 (-38.9%), from €5,916 to €3,612
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 | €565,774 | €626,884 | +€61,110 | +10.8% |
| Fixed assets | 21/28 | €423,824 | €386,039 | -€37,786 | -8.9% |
| Tangible fixed assets | 22/27 | €423,824 | €386,039 | -€37,786 | -8.9% |
| Land and buildings | 22 | €357,882 | €333,056 | -€24,825 | -6.9% |
| Furniture and vehicles | 24 | €4,688 | €6,396 | +€1,708 | +36.4% |
| Other tangible fixed assets | 26 | €61,255 | €46,586 | -€14,669 | -23.9% |
| Current assets | 29/58 | €141,950 | €240,846 | +€98,895 | +69.7% |
| Amounts receivable within one year | 40/41 | €83,189 | €83,920 | +€731 | +0.9% |
| Trade receivables | 40 | €47,302 | €48,621 | +€1,318 | +2.8% |
| Other amounts receivable | 41 | €35,887 | €35,300 | -€587 | -1.6% |
| Cash at bank and in hand | 54/58 | €58,761 | €156,925 | +€98,164 | +167.1% |
| Total equity and liabilities | 10/49 | €565,774 | €626,884 | +€61,110 | +10.8% |
| Equity | 10/15 | €284,214 | €384,954 | +€100,740 | +35.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €135,000 | €235,000 | +€100,000 | +74.1% |
| Distributable reserves | 133 | €135,000 | €235,000 | +€100,000 | +74.1% |
| Profit (loss) carried forward | 14 | €128,754 | €129,494 | +€740 | +0.6% |
| Amounts payable | 17/49 | €281,560 | €241,930 | -€39,630 | -14.1% |
| Amounts payable after more than one year | 17 | €192,048 | €168,013 | -€24,035 | -12.5% |
| Financial debts | 170/4 | €192,048 | €168,013 | -€24,035 | -12.5% |
| Amounts payable within one year | 42/48 | €87,288 | €73,917 | -€13,370 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €23,660 | €24,035 | +€375 | +1.6% |
| Trade debts | 44 | €466 | €10,493 | +€10,026 | +2150.6% |
| Suppliers | 440/4 | €466 | €10,493 | +€10,026 | +2150.6% |
| Taxes, remuneration and social security | 45 | €15,500 | €33,000 | +€17,500 | +112.9% |
| Taxes | 450/3 | €15,500 | €33,000 | +€17,500 | +112.9% |
| Other amounts payable | 47/48 | €47,661 | €6,390 | -€41,271 | -86.6% |
| Accrued charges and deferred income | 492/3 | €2,225 | - | -€2,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,531 | €41,007 | +€476 | +1.2% |
| Other operating charges | 640/8 | €7,059 | €5,679 | -€1,380 | -19.5% |
| Gross operating margin | 9900 | €103,134 | €201,754 | +€98,620 | +95.6% |
| Operating profit (loss) | 9901 | €55,544 | €155,068 | +€99,524 | +179.2% |
| Financial income | 75/76B | €810 | €1,916 | +€1,106 | +136.5% |
| Recurring financial income | 75 | €810 | €1,916 | +€1,106 | +136.5% |
| Financial charges | 65/66B | €5,916 | €3,612 | -€2,304 | -38.9% |
| Recurring financial charges | 65 | €5,916 | €3,612 | -€2,304 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €50,438 | €153,372 | +€102,934 | +204.1% |
| Income taxes | 67/77 | €15,396 | €52,632 | +€37,236 | +241.9% |
| Profit (loss) for the period | 9904 | €35,042 | €100,740 | +€65,698 | +187.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,042 | €100,740 | +€65,698 | +187.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.