EXEOS: 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.
EXEOS
Largest movements
- Receivables within one year -€97,472
down €97,472 (-26.9%), from €362,116 to €264,644
of which Other amounts receivable: -€102,155
- Tangible fixed assets -€19,676
down €19,676 (-77.8%), from €25,302 to €5,626
of which Furniture and vehicles: -€16,853
- Cash -€7,745
down €7,745 (-85.1%), from €9,104 to €1,359
mainly Trade debts (-€76,522) and Tax, wage and social debts (-€44,571)
- Trade debts -€76,522
down €76,522 (-20.2%), from €379,106 to €302,584
- Tax, wage and social debts -€44,571
down €44,571 (-90.3%), from €49,349 to €4,778
of which Remuneration and social security: -€36,502
- Profit (loss) carried forward -€17,845
down €17,845 (-95.4%), from €18,701 to €856
- Other debts +€10,203
new in 2025: €10,203
- Purchases and services -€530,262
down €530,262 (-26.3%), from €2.0m to €1.5m
- Gross operating margin -€175,769
down €175,769 (-64.4%), from €272,991 to €97,222
- Staff costs -€133,379
down €133,379 (-58.5%), from €227,978 to €94,599
- Financial charges -€11,506
down €11,506 (-48.7%), from €23,626 to €12,120
of which Financial charges: -€8,600
- Depreciation -€6,502
down €6,502 (-53.8%), from €12,092 to €5,590
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 | €559,136 | €429,131 | -€130,005 | -23.3% |
| Fixed assets | 21/28 | €27,988 | €5,812 | -€22,176 | -79.2% |
| Tangible fixed assets | 22/27 | €25,302 | €5,626 | -€19,676 | -77.8% |
| Plant, machinery and equipment | 23 | €5,159 | €2,336 | -€2,823 | -54.7% |
| Furniture and vehicles | 24 | €20,142 | €3,290 | -€16,853 | -83.7% |
| Financial fixed assets | 28 | €2,686 | €186 | -€2,500 | -93.1% |
| Current assets | 29/58 | €531,149 | €423,319 | -€107,829 | -20.3% |
| Stocks and contracts in progress | 3 | €159,027 | €156,987 | -€2,040 | -1.3% |
| Stocks | 30/36 | €159,027 | €156,987 | -€2,040 | -1.3% |
| Amounts receivable within one year | 40/41 | €362,116 | €264,644 | -€97,472 | -26.9% |
| Trade receivables | 40 | €259,671 | €264,354 | +€4,683 | +1.8% |
| Other amounts receivable | 41 | €102,445 | €289 | -€102,155 | -99.7% |
| Cash at bank and in hand | 54/58 | €9,104 | €1,359 | -€7,745 | -85.1% |
| Deferred charges and accrued income | 490/1 | €901 | €330 | -€571 | -63.4% |
| Total equity and liabilities | 10/49 | €559,136 | €429,131 | -€130,005 | -23.3% |
| Equity | 10/15 | €29,392 | €11,548 | -€17,845 | -60.7% |
| Reserves | 13 | €10,691 | €10,691 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €489 | €489 | = | 0.0% |
| Distributable reserves | 133 | €8,342 | €8,342 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,701 | €856 | -€17,845 | -95.4% |
| Amounts payable | 17/49 | €529,744 | €417,583 | -€112,161 | -21.2% |
| Amounts payable within one year | 42/48 | €529,744 | €417,566 | -€112,178 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €1,289 | - | -€1,289 | |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €379,106 | €302,584 | -€76,522 | -20.2% |
| Suppliers | 440/4 | €379,106 | €302,584 | -€76,522 | -20.2% |
| Taxes, remuneration and social security | 45 | €49,349 | €4,778 | -€44,571 | -90.3% |
| Taxes | 450/3 | €8,716 | €648 | -€8,068 | -92.6% |
| Remuneration and social security | 454/9 | €40,633 | €4,131 | -€36,502 | -89.8% |
| Other amounts payable | 47/48 | - | €10,203 | +€10,203 | |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Non-recurring operating income | 76A | €3,947 | €47,000 | +€43,053 | +1090.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,018,399 | €1,488,137 | -€530,262 | -26.3% |
| Remuneration, social security and pensions | 62 | €227,978 | €94,599 | -€133,379 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,092 | €5,590 | -€6,502 | -53.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,238 | €4,238 | = | 0.0% |
| Other operating charges | 640/8 | €3,928 | €587 | -€3,341 | -85.1% |
| Gross operating margin | 9900 | €272,991 | €97,222 | -€175,769 | -64.4% |
| Operating profit (loss) | 9901 | €24,755 | -€7,791 | -€32,547 | |
| Financial income | 75/76B | €1,979 | €2,709 | +€730 | +36.9% |
| Recurring financial income | 75 | €1,979 | €2,709 | +€730 | +36.9% |
| Financial charges | 65/66B | €23,626 | €12,120 | -€11,506 | -48.7% |
| Recurring financial charges | 65 | €20,720 | €12,120 | -€8,600 | -41.5% |
| Non-recurring financial charges | 66B | €2,906 | - | -€2,906 | |
| Profit (loss) for the period before taxes | 9903 | €3,108 | -€17,202 | -€20,311 | |
| Income taxes | 67/77 | €2,571 | €642 | -€1,929 | -75.0% |
| Profit (loss) for the period | 9904 | €537 | -€17,845 | -€18,382 | |
| Transfer to tax-exempt reserves | 689 | €195 | - | -€195 | |
| Profit (loss) for the period to be appropriated | 9905 | €342 | -€17,845 | -€18,186 |
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 9 October 2026 via checked.be.