Industries eXcellence: what changed
What changed
Industries eXcellence
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
filed annual accounts (NBB)
Net result for the year
-€188,020
2024 · -€70,912-€117,108
Equity
€645,930
2024 · €833,950-€188,020
Cash
€121,305
2024 · €1.1m-€1.0m
Balance sheet total
€1.5m
2024 · €3.0m-€1.5m
Largest movements
Assets
- Cash -€1.0m
down €1.0m (-89.3%), from €1.1m to €121,305
mainly Trade debts (-€1.5m) and Net result for the year (-€188,020)
- Receivables within one year -€580,369
down €580,369 (-36.2%), from €1.6m to €1.0m
of which Trade receivables: -€606,055
- Deferred charges and accrued income +€97,833
up €97,833 (+50.2%), from €194,912 to €292,745
Equity and liabilities
- Trade debts -€1.5m
down €1.5m (-88.1%), from €1.7m to €205,537
- Accrued charges and deferred income +€254,444
up €254,444 (+137%), from €185,683 to €440,127
- Profit (loss) carried forward -€188,020
down €188,020 (-22.7%), from -€829,963 to -€1.0m
Income statement
- Gross operating margin -€184,251
down €184,251 (-15.2%), from €1.2m to €1.0m
- Staff costs -€101,956
down €101,956 (-8.4%), from €1.2m to €1.1m
- Other operating charges +€29,134
up €29,134 (+245%), from €11,877 to €41,011
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€70,912
Gross operating margin
-€184,251
Staff costs
+€101,956
Depreciation
-€3,160
Other operating charges
-€29,134
Financial income
-€6,369
Financial charges
+€2,856
Taxes
+€993
Result 2025
-€188,020
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€978,760
Investment
-€33,712
Financing
€0
Cash 2024
€1.1m
From operations (derived)
-€978,760
Net result for the year
-€188,020
Depreciation
+€9,552
Receivables within one year
+€580,369
Deferred charges and accrued income
-€97,833
Trade debts
-€1.5m
Tax, wage and social debts
-€15,147
Accrued charges and deferred income
+€254,444
Investment (derived)
-€33,712
Investment in fixed assets (net)
-€33,712
Cash 2025
€121,305
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,980,733 | €1,509,886 | -€1.5m | -49.3% |
| Fixed assets | 21/28 | €49,385 | €73,546 | +€24,160 | +48.9% |
| Tangible fixed assets | 22/27 | €9,069 | €33,229 | +€24,160 | +266% |
| Furniture and vehicles | 24 | €9,069 | €33,229 | +€24,160 | +266% |
| Financial fixed assets | 28 | €40,316 | €40,316 | = | 0.0% |
| Current assets | 29/58 | €2,931,347 | €1,436,340 | -€1.5m | -51.0% |
| Amounts receivable within one year | 40/41 | €1,602,658 | €1,022,289 | -€580,369 | -36.2% |
| Trade receivables | 40 | €1,596,085 | €990,029 | -€606,055 | -38.0% |
| Other amounts receivable | 41 | €6,574 | €32,260 | +€25,687 | +391% |
| Cash at bank and in hand | 54/58 | €1,133,777 | €121,305 | -€1.0m | -89.3% |
| Deferred charges and accrued income | 490/1 | €194,912 | €292,745 | +€97,833 | +50.2% |
| Total equity and liabilities | 10/49 | €2,980,733 | €1,509,886 | -€1.5m | -49.3% |
| Equity | 10/15 | €833,950 | €645,930 | -€188,020 | -22.5% |
| Contributions | 10/11 | €1,661,706 | €1,661,706 | = | 0.0% |
| Reserves | 13 | €2,207 | €2,207 | = | 0.0% |
| Distributable reserves | 133 | €2,207 | €2,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€829,963 | -€1,017,983 | -€188,020 | -22.7% |
| Amounts payable | 17/49 | €2,146,782 | €863,956 | -€1.3m | -59.8% |
| Amounts payable within one year | 42/48 | €1,961,099 | €423,829 | -€1.5m | -78.4% |
| Trade debts | 44 | €1,727,660 | €205,537 | -€1.5m | -88.1% |
| Suppliers | 440/4 | €1,727,660 | €205,537 | -€1.5m | -88.1% |
| Taxes, remuneration and social security | 45 | €233,440 | €218,292 | -€15,147 | -6.5% |
| Taxes | 450/3 | €6,269 | €61,457 | +€55,188 | +880% |
| Remuneration and social security | 454/9 | €227,170 | €156,836 | -€70,335 | -31.0% |
| Accrued charges and deferred income | 492/3 | €185,683 | €440,127 | +€254,444 | +137% |
| Remuneration, social security and pensions | 62 | €1,211,431 | €1,109,475 | -€101,956 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,392 | €9,552 | +€3,160 | +49.4% |
| Other operating charges | 640/8 | €11,877 | €41,011 | +€29,134 | +245% |
| Gross operating margin | 9900 | €1,209,201 | €1,024,950 | -€184,251 | -15.2% |
| Operating profit (loss) | 9901 | -€20,499 | -€135,088 | -€114,589 | -559% |
| Financial income | 75/76B | €9,607 | €3,237 | -€6,369 | -66.3% |
| Recurring financial income | 75 | €9,607 | €3,237 | -€6,369 | -66.3% |
| Financial charges | 65/66B | €57,073 | €54,217 | -€2,856 | -5.0% |
| Recurring financial charges | 65 | €57,073 | €54,217 | -€2,856 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€67,966 | -€186,067 | -€118,102 | -174% |
| Income taxes | 67/77 | €2,947 | €1,953 | -€993 | -33.7% |
| Profit (loss) for the period | 9904 | -€70,912 | -€188,020 | -€117,108 | -165% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,912 | -€188,020 | -€117,108 | -165% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.