HET EKSTERNEST: 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.
HET EKSTERNEST
Largest movements
- Cash +€122,797
up €122,797 (+25.2%), from €486,524 to €609,321
mainly Other debts (+€1.5m) and Net result for the year (+€138,757)
- Other debts +€1.5m
new in 2025: €1.5m
- Reserves -€1.4m
down €1.4m (-56.8%), from €2.4m to €1.0m
of which Distributable reserves: -€1.4m
- Financial income -€22,816
down €22,816 (-33.1%), from €69,032 to €46,216
- Gross operating margin +€13,655
up €13,655 (+7.4%), from €184,239 to €197,894
- Financial charges +€7,603
up €7,603 (+832.0%), from €914 to €8,516
- Taxes +€7,071
up €7,071 (+17.7%), from €39,981 to €47,052
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 | €2,680,199 | €2,819,246 | +€139,047 | +5.2% |
| Fixed assets | 21/28 | €785,695 | €785,695 | = | 0.0% |
| Tangible fixed assets | 22/27 | €785,695 | €785,695 | = | 0.0% |
| Land and buildings | 22 | €734,140 | €785,695 | +€51,554 | +7.0% |
| Plant, machinery and equipment | 23 | €51,554 | - | -€51,554 | |
| Current assets | 29/58 | €1,894,504 | €2,033,551 | +€139,047 | +7.3% |
| Amounts receivable within one year | 40/41 | €11,348 | €8,293 | -€3,055 | -26.9% |
| Other amounts receivable | 41 | €11,348 | €8,293 | -€3,055 | -26.9% |
| Current investments | 50/53 | €1,396,632 | €1,415,937 | +€19,305 | +1.4% |
| Cash at bank and in hand | 54/58 | €486,524 | €609,321 | +€122,797 | +25.2% |
| Total equity and liabilities | 10/49 | €2,680,199 | €2,819,246 | +€139,047 | +5.2% |
| Equity | 10/15 | €2,677,731 | €1,316,488 | -€1.4m | -50.8% |
| Contributions | 10/11 | €283,000 | €283,000 | = | 0.0% |
| Capital | 10 | €283,000 | €283,000 | = | 0.0% |
| Issued capital | 100 | €283,000 | €283,000 | = | 0.0% |
| Reserves | 13 | €2,394,731 | €1,033,488 | -€1.4m | -56.8% |
| Non-distributable reserves | 130/1 | €28,300 | €28,300 | = | 0.0% |
| Legal reserve | 130 | €28,300 | €28,300 | = | 0.0% |
| Distributable reserves | 133 | €2,366,431 | €1,005,188 | -€1.4m | -57.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,468 | €1,502,758 | +€1.5m | +60789.7% |
| Amounts payable within one year | 42/48 | €2,468 | €1,501,408 | +€1.5m | +60735.0% |
| Trade debts | 44 | €2,468 | €1,408 | -€1,060 | -42.9% |
| Suppliers | 440/4 | €2,468 | €1,408 | -€1,060 | -42.9% |
| Other amounts payable | 47/48 | - | €1,500,000 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | - | €1,350 | +€1,350 | |
| Other operating charges | 640/8 | €48,273 | €49,785 | +€1,512 | +3.1% |
| Gross operating margin | 9900 | €184,239 | €197,894 | +€13,655 | +7.4% |
| Operating profit (loss) | 9901 | €135,966 | €148,108 | +€12,143 | +8.9% |
| Financial income | 75/76B | €69,032 | €46,216 | -€22,816 | -33.1% |
| Recurring financial income | 75 | €69,032 | €46,216 | -€22,816 | -33.1% |
| Financial charges | 65/66B | €914 | €8,516 | +€7,603 | +832.0% |
| Recurring financial charges | 65 | €914 | €8,516 | +€7,603 | +832.0% |
| Profit (loss) for the period before taxes | 9903 | €204,084 | €185,809 | -€18,276 | -9.0% |
| Income taxes | 67/77 | €39,981 | €47,052 | +€7,071 | +17.7% |
| Profit (loss) for the period | 9904 | €164,104 | €138,757 | -€25,347 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €164,104 | €138,757 | -€25,347 | -15.4% |
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 10 October 2026 via checked.be.