EXEO: 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.
EXEO
Largest movements
- Current investments +€24,000
up €24,000 (+14.3%), from €168,000 to €192,000
- Cash -€12,972
down €12,972 (-62.9%), from €20,616 to €7,644
mainly Current investments (-€24,000) and Tax, wage and social debts (-€7,272)
- Receivables within one year -€5,228
down €5,228 (-28.0%), from €18,644 to €13,417
of which Trade receivables: -€10,692
- Reserves +€9,500
up €9,500 (+5.8%), from €164,860 to €174,360
of which Distributable reserves: +€9,500
- Tax, wage and social debts -€7,272
no longer reported in 2025 (was €7,272)
- Trade debts +€4,022
up €4,022 (+84.7%), from €4,747 to €8,769
- Gross operating margin -€59,347
down €59,347 (-82.6%), from €71,844 to €12,496
- Taxes -€18,884
down €18,884 (-87.7%), from €21,536 to €2,652
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 | €210,766 | €216,035 | +€5,269 | +2.5% |
| Fixed assets | 21/28 | €2,975 | €2,975 | = | 0.0% |
| Financial fixed assets | 28 | €2,975 | €2,975 | = | 0.0% |
| Current assets | 29/58 | €207,791 | €213,060 | +€5,269 | +2.5% |
| Amounts receivable within one year | 40/41 | €18,644 | €13,417 | -€5,228 | -28.0% |
| Trade receivables | 40 | €18,644 | €7,953 | -€10,692 | -57.3% |
| Other amounts receivable | 41 | - | €5,464 | +€5,464 | |
| Current investments | 50/53 | €168,000 | €192,000 | +€24,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €20,616 | €7,644 | -€12,972 | -62.9% |
| Deferred charges and accrued income | 490/1 | €531 | - | -€531 | |
| Total equity and liabilities | 10/49 | €210,766 | €216,035 | +€5,269 | +2.5% |
| Equity | 10/15 | €192,996 | €202,497 | +€9,501 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,860 | €174,360 | +€9,500 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €163,000 | €172,500 | +€9,500 | +5.8% |
| Profit (loss) carried forward | 14 | €21,936 | €21,937 | +€1 | 0.0% |
| Amounts payable | 17/49 | €17,770 | €13,538 | -€4,232 | -23.8% |
| Amounts payable within one year | 42/48 | €17,770 | €13,538 | -€4,232 | -23.8% |
| Trade debts | 44 | €4,747 | €8,769 | +€4,022 | +84.7% |
| Suppliers | 440/4 | €4,747 | €8,769 | +€4,022 | +84.7% |
| Taxes, remuneration and social security | 45 | €7,272 | - | -€7,272 | |
| Taxes | 450/3 | €7,272 | - | -€7,272 | |
| Other amounts payable | 47/48 | €5,751 | €4,769 | -€981 | -17.1% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €71,844 | €12,496 | -€59,347 | -82.6% |
| Operating profit (loss) | 9901 | €71,844 | €12,438 | -€59,405 | -82.7% |
| Financial charges | 65/66B | €310 | €286 | -€24 | -7.7% |
| Recurring financial charges | 65 | €310 | €286 | -€24 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €71,534 | €12,153 | -€59,381 | -83.0% |
| Income taxes | 67/77 | €21,536 | €2,652 | -€18,884 | -87.7% |
| Profit (loss) for the period | 9904 | €49,998 | €9,501 | -€40,497 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,998 | €9,501 | -€40,497 | -81.0% |
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 11 October 2026 via checked.be.