BE EXODUS: 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.
BE EXODUS
Largest movements
- Cash -€90,130
down €90,130 (-53.7%), from €167,955 to €77,825
mainly Other debts (-€75,470) and Trade debts (-€35,624)
- Receivables within one year -€32,048
no longer reported in 2025 (was €32,048)
of which Trade receivables: -€31,066
- Tangible fixed assets -€8,734
down €8,734 (-20.1%), from €43,524 to €34,790
- Other debts -€75,470
down €75,470 (-55.5%), from €136,094 to €60,623
- Trade debts -€35,624
down €35,624 (-93.9%), from €37,949 to €2,325
- Profit (loss) carried forward -€11,863
no longer reported in 2025 (was €11,863)
- Debts after one year -€5,139
down €5,139 (-26.8%), from €19,188 to €14,049
- Current portion of long-term debt -€2,495
down €2,495 (-32.7%), from €7,634 to €5,139
- Gross operating margin -€49,073
down €49,073 (-30.3%), from €161,777 to €112,704
- Taxes -€25,920
down €25,920 (-77.8%), from €33,302 to €7,382
- Staff costs +€6,442
up €6,442 (+9.6%), from €67,051 to €73,493
- Depreciation +€3,391
up €3,391 (+36.1%), from €9,385 to €12,776
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 | €245,561 | €116,271 | -€129,289 | -52.7% |
| Fixed assets | 21/28 | €44,132 | €35,399 | -€8,734 | -19.8% |
| Tangible fixed assets | 22/27 | €43,524 | €34,790 | -€8,734 | -20.1% |
| Plant, machinery and equipment | 23 | €4,516 | €3,269 | -€1,246 | -27.6% |
| Furniture and vehicles | 24 | €8,754 | €5,480 | -€3,274 | -37.4% |
| Leasing and similar rights | 25 | €30,255 | €26,041 | -€4,214 | -13.9% |
| Financial fixed assets | 28 | €608 | €608 | = | 0.0% |
| Current assets | 29/58 | €201,428 | €80,873 | -€120,556 | -59.9% |
| Stocks and contracts in progress | 3 | €1,425 | €1,425 | = | 0.0% |
| Stocks | 30/36 | €1,425 | €1,425 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,048 | - | -€32,048 | |
| Trade receivables | 40 | €31,066 | - | -€31,066 | |
| Other amounts receivable | 41 | €982 | - | -€982 | |
| Cash at bank and in hand | 54/58 | €167,955 | €77,825 | -€90,130 | -53.7% |
| Deferred charges and accrued income | 490/1 | - | €1,623 | +€1,623 | |
| Total equity and liabilities | 10/49 | €245,561 | €116,271 | -€129,289 | -52.7% |
| Equity | 10/15 | €19,923 | €8,060 | -€11,863 | -59.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,863 | - | -€11,863 | |
| Amounts payable | 17/49 | €225,638 | €108,211 | -€117,427 | -52.0% |
| Amounts payable after more than one year | 17 | €19,188 | €14,049 | -€5,139 | -26.8% |
| Financial debts | 170/4 | €19,188 | €14,049 | -€5,139 | -26.8% |
| Amounts payable within one year | 42/48 | €206,450 | €94,162 | -€112,288 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €7,634 | €5,139 | -€2,495 | -32.7% |
| Trade debts | 44 | €37,949 | €2,325 | -€35,624 | -93.9% |
| Suppliers | 440/4 | €37,949 | €2,325 | -€35,624 | -93.9% |
| Taxes, remuneration and social security | 45 | €24,773 | €26,075 | +€1,302 | +5.3% |
| Taxes | 450/3 | €22,450 | €15,853 | -€6,597 | -29.4% |
| Remuneration and social security | 454/9 | €2,323 | €10,222 | +€7,899 | +340% |
| Other amounts payable | 47/48 | €136,094 | €60,623 | -€75,470 | -55.5% |
| Remuneration, social security and pensions | 62 | €67,051 | €73,493 | +€6,442 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,385 | €12,776 | +€3,391 | +36.1% |
| Other operating charges | 640/8 | €561 | €615 | +€54 | +9.6% |
| Non-recurring operating charges | 66A | - | €6,427 | +€6,427 | |
| Gross operating margin | 9900 | €161,777 | €112,704 | -€49,073 | -30.3% |
| Operating profit (loss) | 9901 | €84,780 | €19,393 | -€65,386 | -77.1% |
| Financial charges | 65/66B | €2,600 | €2,469 | -€132 | -5.1% |
| Recurring financial charges | 65 | €2,600 | €2,469 | -€132 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €82,179 | €16,925 | -€65,255 | -79.4% |
| Income taxes | 67/77 | €33,302 | €7,382 | -€25,920 | -77.8% |
| Profit (loss) for the period | 9904 | €48,878 | €9,543 | -€39,335 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,878 | €9,543 | -€39,335 | -80.5% |
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 24 October 2026 via checked.be.