ExOpe: 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.
ExOpe
Largest movements
- Receivables within one year -€7,356
down €7,356 (-29.1%), from €25,251 to €17,895
of which Trade receivables: -€16,611
- Tangible fixed assets -€2,813
no longer reported in 2025 (was €2,813)
- Deferred charges and accrued income +€1,728
up €1,728 (+337.0%), from €513 to €2,241
- Other debts +€47,524
up €47,524 (+582.7%), from €8,155 to €55,679
- Profit (loss) carried forward -€46,821
down €46,821 (-98.2%), from €47,671 to €850
- Tax, wage and social debts -€9,087
down €9,087 (-31.7%), from €28,639 to €19,551
- Gross operating margin -€40,624
down €40,624 (-57.3%), from €70,841 to €30,217
- Taxes -€8,728
down €8,728 (-59.5%), from €14,674 to €5,946
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 | €145,137 | €137,172 | -€7,965 | -5.5% |
| Fixed assets | 21/28 | €2,813 | - | -€2,813 | |
| Tangible fixed assets | 22/27 | €2,813 | - | -€2,813 | |
| Furniture and vehicles | 24 | €2,813 | - | -€2,813 | |
| Current assets | 29/58 | €142,323 | €137,172 | -€5,152 | -3.6% |
| Amounts receivable within one year | 40/41 | €25,251 | €17,895 | -€7,356 | -29.1% |
| Trade receivables | 40 | €25,251 | €8,640 | -€16,611 | -65.8% |
| Other amounts receivable | 41 | - | €9,255 | +€9,255 | |
| Cash at bank and in hand | 54/58 | €116,560 | €117,036 | +€476 | +0.4% |
| Deferred charges and accrued income | 490/1 | €513 | €2,241 | +€1,728 | +337.0% |
| Total equity and liabilities | 10/49 | €145,137 | €137,172 | -€7,965 | -5.5% |
| Equity | 10/15 | €105,071 | €58,250 | -€46,821 | -44.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,400 | €52,400 | = | 0.0% |
| Distributable reserves | 133 | €52,400 | €52,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,671 | €850 | -€46,821 | -98.2% |
| Amounts payable | 17/49 | €40,066 | €78,922 | +€38,856 | +97.0% |
| Amounts payable within one year | 42/48 | €37,266 | €76,022 | +€38,756 | +104.0% |
| Trade debts | 44 | €472 | €792 | +€320 | +67.8% |
| Suppliers | 440/4 | €472 | €792 | +€320 | +67.8% |
| Taxes, remuneration and social security | 45 | €28,639 | €19,551 | -€9,087 | -31.7% |
| Taxes | 450/3 | €28,639 | €19,551 | -€9,087 | -31.7% |
| Other amounts payable | 47/48 | €8,155 | €55,679 | +€47,524 | +582.7% |
| Accrued charges and deferred income | 492/3 | €2,800 | €2,900 | +€100 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,400 | €2,813 | -€587 | -17.3% |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.3% |
| Gross operating margin | 9900 | €70,841 | €30,217 | -€40,624 | -57.3% |
| Operating profit (loss) | 9901 | €66,877 | €26,822 | -€40,055 | -59.9% |
| Financial charges | 65/66B | €280 | €196 | -€84 | -29.9% |
| Recurring financial charges | 65 | €280 | €196 | -€84 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €66,597 | €26,625 | -€39,971 | -60.0% |
| Income taxes | 67/77 | €14,674 | €5,946 | -€8,728 | -59.5% |
| Profit (loss) for the period | 9904 | €51,923 | €20,679 | -€31,244 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,923 | €20,679 | -€31,244 | -60.2% |
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 5 October 2026 via checked.be.