EXHECO: 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.
EXHECO
Largest movements
- Receivables within one year -€4,457
no longer reported in 2025 (was €4,457)
- Stocks and contracts -€3,780
no longer reported in 2025 (was €3,780)
- Tangible fixed assets -€489
no longer reported in 2025 (was €489)
- Cash -€453
down €453 (-99.1%), from €457 to €4
mainly Net result for the year (-€6,282) and Tax, wage and social debts (-€3,196)
- Profit (loss) carried forward -€6,282
down €6,282 (-10.0%), from -€63,062 to -€69,343
- Tax, wage and social debts -€3,196
no longer reported in 2025 (was €3,196)
- Trade debts +€2,330
up €2,330 (+8735.8%), from €27 to €2,357
- Other debts -€2,032
down €2,032 (-4.1%), from €49,023 to €46,991
- Other operating charges +€2,665
up €2,665 (+150.9%), from €1,766 to €4,430
- Gross operating margin -€1,188
down €1,188 (-200.9%), from -€591 to -€1,779
- Depreciation -€319
no longer reported in 2025 (was €319)
- Financial charges -€26
down €26 (-26.6%), from €98 to €72
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 | €9,184 | €4 | -€9,180 | -100.0% |
| Fixed assets | 21/28 | €489 | - | -€489 | |
| Tangible fixed assets | 22/27 | €489 | - | -€489 | |
| Furniture and vehicles | 24 | €489 | - | -€489 | |
| Current assets | 29/58 | €8,695 | €4 | -€8,691 | -100.0% |
| Stocks and contracts in progress | 3 | €3,780 | - | -€3,780 | |
| Stocks | 30/36 | €3,780 | - | -€3,780 | |
| Amounts receivable within one year | 40/41 | €4,457 | - | -€4,457 | |
| Other amounts receivable | 41 | €4,457 | - | -€4,457 | |
| Cash at bank and in hand | 54/58 | €457 | €4 | -€453 | -99.1% |
| Total equity and liabilities | 10/49 | €9,184 | €4 | -€9,180 | -100.0% |
| Equity | 10/15 | -€43,062 | -€49,343 | -€6,282 | -14.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,062 | -€69,343 | -€6,282 | -10.0% |
| Amounts payable | 17/49 | €52,245 | €49,347 | -€2,898 | -5.5% |
| Amounts payable within one year | 42/48 | €52,245 | €49,347 | -€2,898 | -5.5% |
| Trade debts | 44 | €27 | €2,357 | +€2,330 | +8735.8% |
| Suppliers | 440/4 | €27 | €2,357 | +€2,330 | +8735.8% |
| Taxes, remuneration and social security | 45 | €3,196 | - | -€3,196 | |
| Taxes | 450/3 | €3,196 | - | -€3,196 | |
| Other amounts payable | 47/48 | €49,023 | €46,991 | -€2,032 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | - | -€319 | |
| Other operating charges | 640/8 | €1,766 | €4,430 | +€2,665 | +150.9% |
| Gross operating margin | 9900 | -€591 | -€1,779 | -€1,188 | -200.9% |
| Operating profit (loss) | 9901 | -€2,676 | -€6,209 | -€3,533 | -132.0% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €98 | €72 | -€26 | -26.6% |
| Recurring financial charges | 65 | €98 | €72 | -€26 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,758 | -€6,282 | -€3,524 | -127.8% |
| Profit (loss) for the period | 9904 | -€2,758 | -€6,282 | -€3,524 | -127.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,758 | -€6,282 | -€3,524 | -127.8% |
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 1 October 2026 via checked.be.