IMPORT EXPORT EXCELLENCE: 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.
IMPORT EXPORT EXCELLENCE
Largest movements
- Receivables within one year -€9,970
down €9,970 (-22.4%), from €44,551 to €34,581
of which Trade receivables: -€8,574
- Cash +€7,794
up €7,794 (+304.3%), from €2,561 to €10,355
mainly Receivables within one year (+€9,970) and Tax, wage and social debts (+€5,964)
- Tangible fixed assets -€644
down €644 (-62.1%), from €1,037 to €393
- Tax, wage and social debts +€5,964
up €5,964 (+45.4%), from €13,143 to €19,107
of which Remuneration and social security: +€3,072
- Profit (loss) carried forward -€4,706
down €4,706 (-7.4%), from -€63,842 to -€68,548
- Trade debts -€4,043
down €4,043 (-7.6%), from €53,358 to €49,314
- Gross operating margin +€23,215
up €23,215 (+59.1%), from €39,256 to €62,471
- Staff costs +€2,516
up €2,516 (+4.0%), from €62,849 to €65,365
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 | €60,383 | €57,639 | -€2,745 | -4.5% |
| Fixed assets | 21/28 | €13,270 | €12,626 | -€644 | -4.9% |
| Tangible fixed assets | 22/27 | €1,037 | €393 | -€644 | -62.1% |
| Furniture and vehicles | 24 | €1,037 | €393 | -€644 | -62.1% |
| Financial fixed assets | 28 | €12,233 | €12,233 | = | 0.0% |
| Current assets | 29/58 | €47,113 | €45,012 | -€2,101 | -4.5% |
| Amounts receivable within one year | 40/41 | €44,551 | €34,581 | -€9,970 | -22.4% |
| Trade receivables | 40 | €43,124 | €34,550 | -€8,574 | -19.9% |
| Other amounts receivable | 41 | €1,428 | €32 | -€1,396 | -97.8% |
| Cash at bank and in hand | 54/58 | €2,561 | €10,355 | +€7,794 | +304.3% |
| Deferred charges and accrued income | 490/1 | - | €76 | +€76 | |
| Total equity and liabilities | 10/49 | €60,383 | €57,639 | -€2,745 | -4.5% |
| Equity | 10/15 | -€7,002 | -€11,708 | -€4,706 | -67.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,240 | €38,240 | = | 0.0% |
| Distributable reserves | 133 | €38,240 | €38,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,842 | -€68,548 | -€4,706 | -7.4% |
| Amounts payable | 17/49 | €67,386 | €69,347 | +€1,961 | +2.9% |
| Amounts payable within one year | 42/48 | €67,386 | €69,306 | +€1,920 | +2.8% |
| Trade debts | 44 | €53,358 | €49,314 | -€4,043 | -7.6% |
| Suppliers | 440/4 | €53,358 | €49,314 | -€4,043 | -7.6% |
| Taxes, remuneration and social security | 45 | €13,143 | €19,107 | +€5,964 | +45.4% |
| Taxes | 450/3 | - | €2,892 | +€2,892 | |
| Remuneration and social security | 454/9 | €13,143 | €16,215 | +€3,072 | +23.4% |
| Other amounts payable | 47/48 | €885 | €885 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Remuneration, social security and pensions | 62 | €62,849 | €65,365 | +€2,516 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €644 | -€156 | -19.5% |
| Other operating charges | 640/8 | €616 | €563 | -€52 | -8.5% |
| Non-recurring operating charges | 66A | €211 | - | -€211 | |
| Gross operating margin | 9900 | €39,256 | €62,471 | +€23,215 | +59.1% |
| Operating profit (loss) | 9901 | -€25,220 | -€4,102 | +€21,118 | +83.7% |
| Financial charges | 65/66B | €333 | €604 | +€271 | +81.4% |
| Recurring financial charges | 65 | €333 | €604 | +€271 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,553 | -€4,706 | +€20,847 | +81.6% |
| Profit (loss) for the period | 9904 | -€25,553 | -€4,706 | +€20,847 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,553 | -€4,706 | +€20,847 | +81.6% |
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 3 October 2026 via checked.be.