EXHARO: 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.
EXHARO
Largest movements
- Cash +€7,413
up €7,413 (+86.8%), from €8,543 to €15,957
mainly Receivables within one year (+€4,738) and Trade debts (+€1,595)
- Receivables within one year -€4,738
down €4,738 (-67.9%), from €6,972 to €2,235
of which Trade receivables: -€5,000
- Trade debts +€1,595
new in 2025: €1,595
- Profit (loss) carried forward +€1,081
up €1,081 (+5.9%), from -€18,211 to -€17,131
- Financial charges -€2,801
down €2,801 (-99.2%), from €2,825 to €24
- Other operating charges +€238
up €238 (+40.3%), from €591 to €830
- Gross operating margin -€27
down €27 (-1.4%), from €1,961 to €1,934
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 | €15,515 | €18,191 | +€2,676 | +17.2% |
| Current assets | 29/58 | €15,515 | €18,191 | +€2,676 | +17.2% |
| Amounts receivable within one year | 40/41 | €6,972 | €2,235 | -€4,738 | -67.9% |
| Trade receivables | 40 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 41 | €1,972 | €2,235 | +€263 | +13.3% |
| Cash at bank and in hand | 54/58 | €8,543 | €15,957 | +€7,413 | +86.8% |
| Total equity and liabilities | 10/49 | €15,515 | €18,191 | +€2,676 | +17.2% |
| Equity | 10/15 | €14,789 | €15,869 | +€1,081 | +7.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €3,000 | +€3,000 | |
| Distributable reserves | 133 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | -€18,211 | -€17,131 | +€1,081 | +5.9% |
| Amounts payable | 17/49 | €727 | €2,322 | +€1,595 | +219% |
| Amounts payable within one year | 42/48 | - | €1,595 | +€1,595 | |
| Trade debts | 44 | - | €1,595 | +€1,595 | |
| Suppliers | 440/4 | - | €1,595 | +€1,595 | |
| Accrued charges and deferred income | 492/3 | €727 | €727 | = | 0.0% |
| Other operating charges | 640/8 | €591 | €830 | +€238 | +40.3% |
| Gross operating margin | 9900 | €1,961 | €1,934 | -€27 | -1.4% |
| Operating profit (loss) | 9901 | €1,370 | €1,105 | -€265 | -19.4% |
| Financial charges | 65/66B | €2,825 | €24 | -€2,801 | -99.2% |
| Recurring financial charges | 65 | €2,825 | €24 | -€2,801 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,455 | €1,081 | +€2,536 | |
| Profit (loss) for the period | 9904 | -€1,455 | €1,081 | +€2,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,455 | €1,081 | +€2,536 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.