EXOSET: 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.
EXOSET
Largest movements
- Cash -€8,541
down €8,541 (-24.7%), from €34,610 to €26,070
mainly Net result for the year (-€7,120) and Investment in fixed assets (net) (-€6,842)
- Receivables within one year +€2,663
up €2,663 (+45.2%), from €5,890 to €8,553
of which Trade receivables: +€1,762
- Tangible fixed assets -€1,875
down €1,875 (-20.2%), from €9,267 to €7,392
of which Furniture and vehicles: -€6,458
- Deferred charges and accrued income +€1,009
up €1,009 (+28.1%), from €3,590 to €4,598
- Profit (loss) carried forward -€7,120
down €7,120, from €842 to -€6,278
- Gross operating margin -€16,898
down €16,898 (-83.6%), from €20,219 to €3,321
- Taxes -€2,753
down €2,753 (-71.6%), from €3,843 to €1,090
- Depreciation +€1,441
up €1,441 (+19.8%), from €7,276 to €8,717
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 | €54,381 | €47,638 | -€6,744 | -12.4% |
| Fixed assets | 21/28 | €10,292 | €8,417 | -€1,875 | -18.2% |
| Tangible fixed assets | 22/27 | €9,267 | €7,392 | -€1,875 | -20.2% |
| Plant, machinery and equipment | 23 | - | €4,918 | +€4,918 | |
| Furniture and vehicles | 24 | €8,931 | €2,473 | -€6,458 | -72.3% |
| Other tangible fixed assets | 26 | €335 | - | -€335 | |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €44,090 | €39,221 | -€4,869 | -11.0% |
| Amounts receivable within one year | 40/41 | €5,890 | €8,553 | +€2,663 | +45.2% |
| Trade receivables | 40 | - | €1,762 | +€1,762 | |
| Other amounts receivable | 41 | €5,890 | €6,791 | +€901 | +15.3% |
| Cash at bank and in hand | 54/58 | €34,610 | €26,070 | -€8,541 | -24.7% |
| Deferred charges and accrued income | 490/1 | €3,590 | €4,598 | +€1,009 | +28.1% |
| Total equity and liabilities | 10/49 | €54,381 | €47,638 | -€6,744 | -12.4% |
| Equity | 10/15 | €53,234 | €46,114 | -€7,120 | -13.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €44,332 | €44,332 | = | 0.0% |
| Distributable reserves | 133 | €44,332 | €44,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | €842 | -€6,278 | -€7,120 | |
| Amounts payable | 17/49 | €1,147 | €1,524 | +€377 | +32.8% |
| Amounts payable within one year | 42/48 | €1,147 | €1,524 | +€377 | +32.8% |
| Trade debts | 44 | €1,147 | €1,524 | +€377 | +32.8% |
| Suppliers | 440/4 | €1,147 | €1,524 | +€377 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,276 | €8,717 | +€1,441 | +19.8% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Gross operating margin | 9900 | €20,219 | €3,321 | -€16,898 | -83.6% |
| Operating profit (loss) | 9901 | €12,432 | -€5,924 | -€18,356 | |
| Financial income | 75/76B | €14 | €66 | +€53 | +383.4% |
| Recurring financial income | 75 | €14 | €66 | +€53 | +383.4% |
| Financial charges | 65/66B | €357 | €172 | -€185 | -51.8% |
| Recurring financial charges | 65 | €357 | €172 | -€185 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €12,088 | -€6,030 | -€18,119 | |
| Income taxes | 67/77 | €3,843 | €1,090 | -€2,753 | -71.6% |
| Profit (loss) for the period | 9904 | €8,245 | -€7,120 | -€15,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,245 | -€7,120 | -€15,366 |
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 3 October 2026 via checked.be.