EXOPHALES: 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.
EXOPHALES
Largest movements
- Receivables within one year +€34,286
up €34,286 (+54.6%), from €62,833 to €97,119
of which Other amounts receivable: +€33,068
- Cash +€17,917
up €17,917 (+108%), from €16,641 to €34,558
mainly Net result for the year (+€40,498) and Tax, wage and social debts (+€13,439)
- Tangible fixed assets +€2,361
up €2,361, from €0 to €2,361
- Profit (loss) carried forward +€40,498
up €40,498 (+77.1%), from €52,546 to €93,044
- Tax, wage and social debts +€13,439
up €13,439 (+53.7%), from €25,024 to €38,463
of which Taxes: +€12,646
- Trade debts +€1,627
up €1,627 (+403%), from €404 to €2,030
- Gross operating margin +€16,763
up €16,763 (+30.0%), from €55,879 to €72,642
- Staff costs +€2,620
up €2,620 (+24.5%), from €10,703 to €13,324
- Taxes +€1,888
up €1,888 (+12.0%), from €15,752 to €17,639
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 | €79,474 | €135,038 | +€55,564 | +69.9% |
| Fixed assets | 21/28 | €0 | €2,361 | +€2,361 | |
| Tangible fixed assets | 22/27 | €0 | €2,361 | +€2,361 | |
| Furniture and vehicles | 24 | €0 | €2,361 | +€2,361 | |
| Current assets | 29/58 | €79,474 | €132,677 | +€53,203 | +66.9% |
| Amounts receivable within one year | 40/41 | €62,833 | €97,119 | +€34,286 | +54.6% |
| Trade receivables | 40 | €2,877 | €4,095 | +€1,217 | +42.3% |
| Other amounts receivable | 41 | €59,955 | €93,024 | +€33,068 | +55.2% |
| Cash at bank and in hand | 54/58 | €16,641 | €34,558 | +€17,917 | +108% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €79,474 | €135,038 | +€55,564 | +69.9% |
| Equity | 10/15 | €54,046 | €94,544 | +€40,498 | +74.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,546 | €93,044 | +€40,498 | +77.1% |
| Amounts payable | 17/49 | €25,428 | €40,493 | +€15,066 | +59.3% |
| Amounts payable within one year | 42/48 | €25,428 | €40,493 | +€15,066 | +59.3% |
| Trade debts | 44 | €404 | €2,030 | +€1,627 | +403% |
| Suppliers | 440/4 | €404 | €2,030 | +€1,627 | +403% |
| Taxes, remuneration and social security | 45 | €25,024 | €38,463 | +€13,439 | +53.7% |
| Taxes | 450/3 | €23,569 | €36,215 | +€12,646 | +53.7% |
| Remuneration and social security | 454/9 | €1,454 | €2,248 | +€794 | +54.6% |
| Remuneration, social security and pensions | 62 | €10,703 | €13,324 | +€2,620 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €139 | -€261 | -65.3% |
| Other operating charges | 640/8 | €411 | €718 | +€307 | +74.8% |
| Gross operating margin | 9900 | €55,879 | €72,642 | +€16,763 | +30.0% |
| Operating profit (loss) | 9901 | €44,365 | €58,461 | +€14,096 | +31.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €733 | €324 | -€409 | -55.8% |
| Recurring financial charges | 65 | €733 | €324 | -€409 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €43,632 | €58,137 | +€14,505 | +33.2% |
| Income taxes | 67/77 | €15,752 | €17,639 | +€1,888 | +12.0% |
| Profit (loss) for the period | 9904 | €27,880 | €40,498 | +€12,618 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,880 | €40,498 | +€12,618 | +45.3% |
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 14 October 2026 via checked.be.