REXI: 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.
REXI
Largest movements
- Receivables within one year -€166,266
down €166,266 (-96.4%), from €172,495 to €6,229
of which Other amounts receivable: -€165,639
- Stocks and contracts +€4,985
up €4,985 (+120%), from €4,160 to €9,145
- Profit (loss) carried forward -€150,618
down €150,618 (-88.9%), from €169,431 to €18,813
- Tax, wage and social debts -€13,290
down €13,290 (-18.6%), from €71,637 to €58,348
of which Taxes: -€19,424
- Staff costs +€100,335
up €100,335 (+139%), from €72,295 to €172,630
- Gross operating margin +€41,742
up €41,742 (+26.1%), from €160,020 to €201,762
- Taxes -€22,551
down €22,551 (-61.4%), from €36,727 to €14,176
- Other operating charges -€7,255
down €7,255 (-47.6%), from €15,238 to €7,983
- Financial charges -€2,486
down €2,486 (-47.7%), from €5,206 to €2,720
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.
Derived cash bridge
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 | €296,848 | €134,551 | -€162,297 | -54.7% |
| Fixed assets | 21/28 | €1,764 | €1,269 | -€496 | -28.1% |
| Tangible fixed assets | 22/27 | €1,564 | €1,069 | -€496 | -31.7% |
| Furniture and vehicles | 24 | €1,564 | €1,069 | -€496 | -31.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €295,084 | €133,283 | -€161,801 | -54.8% |
| Stocks and contracts in progress | 3 | €4,160 | €9,145 | +€4,985 | +120% |
| Stocks | 30/36 | €4,160 | €9,145 | +€4,985 | +120% |
| Amounts receivable within one year | 40/41 | €172,495 | €6,229 | -€166,266 | -96.4% |
| Trade receivables | 40 | €627 | - | -€627 | |
| Other amounts receivable | 41 | €171,868 | €6,229 | -€165,639 | -96.4% |
| Cash at bank and in hand | 54/58 | €115,591 | €114,204 | -€1,387 | -1.2% |
| Deferred charges and accrued income | 490/1 | €2,839 | €3,705 | +€866 | +30.5% |
| Total equity and liabilities | 10/49 | €296,848 | €134,551 | -€162,297 | -54.7% |
| Equity | 10/15 | €183,791 | €33,173 | -€150,618 | -82.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Capital | 10 | - | €12,500 | +€12,500 | |
| Issued capital | 100 | - | €12,500 | +€12,500 | |
| Contributions outside capital | 11 | €12,500 | - | -€12,500 | |
| Share premium | 1100/10 | €12,500 | - | -€12,500 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,431 | €18,813 | -€150,618 | -88.9% |
| Amounts payable | 17/49 | €113,057 | €101,378 | -€11,679 | -10.3% |
| Amounts payable within one year | 42/48 | €113,057 | €101,378 | -€11,679 | -10.3% |
| Trade debts | 44 | €41,416 | €43,031 | +€1,615 | +3.9% |
| Suppliers | 440/4 | €41,416 | €43,031 | +€1,615 | +3.9% |
| Taxes, remuneration and social security | 45 | €71,637 | €58,348 | -€13,290 | -18.6% |
| Taxes | 450/3 | €59,389 | €39,965 | -€19,424 | -32.7% |
| Remuneration and social security | 454/9 | €12,248 | €18,382 | +€6,134 | +50.1% |
| Other amounts payable | 47/48 | €4 | - | -€4 | |
| Non-recurring operating income | 76A | - | €1,427 | +€1,427 | |
| Remuneration, social security and pensions | 62 | €72,295 | €172,630 | +€100,335 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €496 | = | 0.0% |
| Other operating charges | 640/8 | €15,238 | €7,983 | -€7,255 | -47.6% |
| Non-recurring operating charges | 66A | €4,310 | €1,626 | -€2,684 | -62.3% |
| Gross operating margin | 9900 | €160,020 | €201,762 | +€41,742 | +26.1% |
| Operating profit (loss) | 9901 | €67,682 | €19,028 | -€48,654 | -71.9% |
| Financial income | 75/76B | €44 | €31 | -€13 | -29.2% |
| Recurring financial income | 75 | €44 | €31 | -€13 | -29.2% |
| Financial charges | 65/66B | €5,206 | €2,720 | -€2,486 | -47.7% |
| Recurring financial charges | 65 | €5,206 | €2,720 | -€2,486 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €62,520 | €16,339 | -€46,181 | -73.9% |
| Income taxes | 67/77 | €36,727 | €14,176 | -€22,551 | -61.4% |
| Profit (loss) for the period | 9904 | €25,793 | €2,163 | -€23,630 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,793 | €2,163 | -€23,630 | -91.6% |
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 15 October 2026 via checked.be.