EXLO: 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.
EXLO
Largest movements
- Cash -€84,923
down €84,923 (-97.2%), from €87,350 to €2,426
mainly Contributions, distributions and other (-€188,909) and Tax, wage and social debts (-€8,060)
- Receivables within one year -€28,192
down €28,192 (-49.7%), from €56,719 to €28,527
of which Other amounts receivable: -€29,100
- Tangible fixed assets +€2,035
up €2,035 (+64.1%), from €3,175 to €5,210
of which Furniture and vehicles: +€2,263
- Profit (loss) carried forward -€124,649
down €124,649 (-100.0%), from €124,649 to €0
- Other debts +€14,260
new in 2025: €14,260
- Tax, wage and social debts -€8,060
down €8,060 (-34.0%), from €23,739 to €15,679
- Trade debts +€6,211
up €6,211 (+197.9%), from €3,139 to €9,350
- Gross operating margin +€10,576
up €10,576 (+14.1%), from €75,109 to €85,685
- Taxes +€1,742
up €1,742 (+11.1%), from €15,750 to €17,492
- Financial income -€1,382
down €1,382 (-72.2%), from €1,914 to €531
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 | €153,527 | €41,289 | -€112,238 | -73.1% |
| Fixed assets | 21/28 | €3,175 | €5,210 | +€2,035 | +64.1% |
| Tangible fixed assets | 22/27 | €3,175 | €5,210 | +€2,035 | +64.1% |
| Plant, machinery and equipment | 23 | €2,075 | €1,848 | -€227 | -11.0% |
| Furniture and vehicles | 24 | €1,100 | €3,363 | +€2,263 | +205.8% |
| Current assets | 29/58 | €150,353 | €36,079 | -€114,274 | -76.0% |
| Amounts receivable after more than one year | 29 | €1,222 | €0 | -€1,222 | -100.0% |
| Other amounts receivable | 291 | €1,222 | €0 | -€1,222 | -100.0% |
| Amounts receivable within one year | 40/41 | €56,719 | €28,527 | -€28,192 | -49.7% |
| Trade receivables | 40 | €19,058 | €19,965 | +€908 | +4.8% |
| Other amounts receivable | 41 | €37,662 | €8,562 | -€29,100 | -77.3% |
| Cash at bank and in hand | 54/58 | €87,350 | €2,426 | -€84,923 | -97.2% |
| Deferred charges and accrued income | 490/1 | €5,061 | €5,126 | +€64 | +1.3% |
| Total equity and liabilities | 10/49 | €153,527 | €41,289 | -€112,238 | -73.1% |
| Equity | 10/15 | €126,649 | €2,000 | -€124,649 | -98.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,649 | €0 | -€124,649 | -100.0% |
| Amounts payable | 17/49 | €26,878 | €39,289 | +€12,411 | +46.2% |
| Amounts payable within one year | 42/48 | €26,878 | €39,289 | +€12,411 | +46.2% |
| Trade debts | 44 | €3,139 | €9,350 | +€6,211 | +197.9% |
| Suppliers | 440/4 | €3,139 | €9,350 | +€6,211 | +197.9% |
| Taxes, remuneration and social security | 45 | €23,739 | €15,679 | -€8,060 | -34.0% |
| Taxes | 450/3 | €23,739 | €15,679 | -€8,060 | -34.0% |
| Other amounts payable | 47/48 | - | €14,260 | +€14,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,135 | €1,441 | +€305 | +26.9% |
| Other operating charges | 640/8 | €945 | €780 | -€165 | -17.4% |
| Gross operating margin | 9900 | €75,109 | €85,685 | +€10,576 | +14.1% |
| Operating profit (loss) | 9901 | €73,029 | €83,465 | +€10,436 | +14.3% |
| Financial income | 75/76B | €1,914 | €531 | -€1,382 | -72.2% |
| Recurring financial income | 75 | €1,914 | €531 | -€1,382 | -72.2% |
| Financial charges | 65/66B | €2,639 | €2,245 | -€394 | -14.9% |
| Recurring financial charges | 65 | €2,639 | €2,245 | -€394 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €72,304 | €81,752 | +€9,448 | +13.1% |
| Income taxes | 67/77 | €15,750 | €17,492 | +€1,742 | +11.1% |
| Profit (loss) for the period | 9904 | €56,554 | €64,260 | +€7,706 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,554 | €64,260 | +€7,706 | +13.6% |
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 8 October 2026 via checked.be.