EXODUS: 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.
EXODUS
Largest movements
- Cash +€87,963
up €87,963 (+76.9%), from €114,313 to €202,276
mainly Net result for the year (+€114,327) and Depreciation (+€81,073)
- Receivables within one year -€26,148
down €26,148 (-9.7%), from €270,363 to €244,215
- Tangible fixed assets -€9,643
down €9,643 (-2.7%), from €352,922 to €343,279
of which Land and buildings: -€36,216
- Trade debts +€58,278
up €58,278 (+92.2%), from €63,219 to €121,497
- Debts after one year -€39,639
down €39,639 (-17.4%), from €228,048 to €188,409
of which Financial debts: -€39,639
- Current portion of long-term debt +€33,338
up €33,338 (+46.5%), from €71,661 to €104,999
- Other debts +€16,905
up €16,905 (+11.0%), from €153,720 to €170,625
- Tax, wage and social debts -€15,304
down €15,304 (-6.9%), from €221,631 to €206,327
of which Taxes: -€37,364
- Gross operating margin +€394,586
up €394,586 (+42.2%), from €934,427 to €1.3m
- Staff costs +€338,432
up €338,432 (+46.3%), from €731,500 to €1.1m
- Depreciation +€33,192
up €33,192 (+69.3%), from €47,881 to €81,073
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 | €739,639 | €792,958 | +€53,319 | +7.2% |
| Fixed assets | 21/28 | €353,717 | €344,074 | -€9,643 | -2.7% |
| Tangible fixed assets | 22/27 | €352,922 | €343,279 | -€9,643 | -2.7% |
| Land and buildings | 22 | €282,156 | €245,940 | -€36,216 | -12.8% |
| Plant, machinery and equipment | 23 | €5,787 | €4,427 | -€1,360 | -23.5% |
| Furniture and vehicles | 24 | €64,979 | €92,114 | +€27,135 | +41.8% |
| Other tangible fixed assets | 26 | - | €799 | +€799 | |
| Financial fixed assets | 28 | €795 | €795 | = | 0.0% |
| Current assets | 29/58 | €385,922 | €448,884 | +€62,962 | +16.3% |
| Amounts receivable within one year | 40/41 | €270,363 | €244,215 | -€26,148 | -9.7% |
| Trade receivables | 40 | €270,363 | €244,215 | -€26,148 | -9.7% |
| Cash at bank and in hand | 54/58 | €114,313 | €202,276 | +€87,963 | +76.9% |
| Deferred charges and accrued income | 490/1 | €1,246 | €2,393 | +€1,147 | +92.1% |
| Total equity and liabilities | 10/49 | €739,639 | €792,958 | +€53,319 | +7.2% |
| Equity | 10/15 | €1,359 | €1,100 | -€259 | -19.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259 | - | -€259 | |
| Amounts payable | 17/49 | €738,280 | €791,858 | +€53,578 | +7.3% |
| Amounts payable after more than one year | 17 | €228,048 | €188,409 | -€39,639 | -17.4% |
| Financial debts | 170/4 | €222,848 | €183,209 | -€39,639 | -17.8% |
| Other amounts payable | 178/9 | €5,200 | €5,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €510,232 | €603,449 | +€93,217 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €71,661 | €104,999 | +€33,338 | +46.5% |
| Trade debts | 44 | €63,219 | €121,497 | +€58,278 | +92.2% |
| Suppliers | 440/4 | €63,219 | €121,497 | +€58,278 | +92.2% |
| Taxes, remuneration and social security | 45 | €221,631 | €206,327 | -€15,304 | -6.9% |
| Taxes | 450/3 | €115,332 | €77,968 | -€37,364 | -32.4% |
| Remuneration and social security | 454/9 | €106,299 | €128,360 | +€22,061 | +20.8% |
| Other amounts payable | 47/48 | €153,720 | €170,625 | +€16,905 | +11.0% |
| Non-recurring operating income | 76A | €6,188 | - | -€6,188 | |
| Remuneration, social security and pensions | 62 | €731,500 | €1,069,932 | +€338,432 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,881 | €81,073 | +€33,192 | +69.3% |
| Other operating charges | 640/8 | €8,311 | €13,137 | +€4,826 | +58.1% |
| Non-recurring operating charges | 66A | €4,400 | - | -€4,400 | |
| Gross operating margin | 9900 | €934,427 | €1,329,013 | +€394,586 | +42.2% |
| Operating profit (loss) | 9901 | €142,336 | €164,872 | +€22,536 | +15.8% |
| Financial income | 75/76B | €1,667 | €3,072 | +€1,406 | +84.3% |
| Recurring financial income | 75 | €1,667 | €3,072 | +€1,406 | +84.3% |
| Financial charges | 65/66B | €11,407 | €18,509 | +€7,102 | +62.3% |
| Recurring financial charges | 65 | €11,407 | €18,109 | +€6,702 | +58.8% |
| Non-recurring financial charges | 66B | - | €400 | +€400 | |
| Profit (loss) for the period before taxes | 9903 | €132,595 | €149,435 | +€16,840 | +12.7% |
| Income taxes | 67/77 | €39,741 | €35,108 | -€4,633 | -11.7% |
| Profit (loss) for the period | 9904 | €92,854 | €114,327 | +€21,473 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,854 | €114,327 | +€21,473 | +23.1% |
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 13 October 2026 via checked.be.