Exoshard: 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.
Exoshard
Largest movements
- Cash +€64,091
up €64,091 (+48.1%), from €133,127 to €197,218
mainly Other debts (+€148,778) and Net result for the year (+€75,626)
- Receivables within one year -€14,547
down €14,547 (-42.0%), from €34,656 to €20,109
of which Other amounts receivable: -€13,761
- Tangible fixed assets -€13,553
down €13,553 (-37.0%), from €36,679 to €23,126
- Other debts +€148,778
up €148,778 (+183.1%), from €81,240 to €230,018
- Reserves -€113,374
down €113,374 (-99.3%), from €114,155 to €782
- Gross operating margin -€4,040
down €4,040 (-3.4%), from €117,184 to €113,144
- Financial charges +€2,214
up €2,214 (+251.2%), from €881 to €3,095
- Taxes -€1,538
down €1,538 (-7.5%), from €20,621 to €19,082
- Financial income -€1,257
down €1,257 (-69.6%), from €1,806 to €549
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 | €205,241 | €241,239 | +€35,998 | +17.5% |
| Fixed assets | 21/28 | €36,679 | €23,126 | -€13,553 | -37.0% |
| Tangible fixed assets | 22/27 | €36,679 | €23,126 | -€13,553 | -37.0% |
| Furniture and vehicles | 24 | €36,679 | €23,126 | -€13,553 | -37.0% |
| Current assets | 29/58 | €168,562 | €218,113 | +€49,551 | +29.4% |
| Amounts receivable within one year | 40/41 | €34,656 | €20,109 | -€14,547 | -42.0% |
| Trade receivables | 40 | €15,002 | €14,216 | -€786 | -5.2% |
| Other amounts receivable | 41 | €19,654 | €5,893 | -€13,761 | -70.0% |
| Cash at bank and in hand | 54/58 | €133,127 | €197,218 | +€64,091 | +48.1% |
| Deferred charges and accrued income | 490/1 | €779 | €786 | +€7 | +0.9% |
| Total equity and liabilities | 10/49 | €205,241 | €241,239 | +€35,998 | +17.5% |
| Equity | 10/15 | €116,155 | €2,782 | -€113,374 | -97.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €114,155 | €782 | -€113,374 | -99.3% |
| Distributable reserves | 133 | €114,155 | €782 | -€113,374 | -99.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,086 | €238,457 | +€149,372 | +167.7% |
| Amounts payable within one year | 42/48 | €89,086 | €237,241 | +€148,155 | +166.3% |
| Trade debts | 44 | €2,277 | €2,141 | -€135 | -5.9% |
| Suppliers | 440/4 | €2,277 | €2,141 | -€135 | -5.9% |
| Taxes, remuneration and social security | 45 | €5,569 | €5,081 | -€488 | -8.8% |
| Taxes | 450/3 | €2,969 | €2,481 | -€488 | -16.4% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €81,240 | €230,018 | +€148,778 | +183.1% |
| Accrued charges and deferred income | 492/3 | - | €1,217 | +€1,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,955 | €15,587 | -€368 | -2.3% |
| Other operating charges | 640/8 | €228 | €302 | +€74 | +32.7% |
| Gross operating margin | 9900 | €117,184 | €113,144 | -€4,040 | -3.4% |
| Operating profit (loss) | 9901 | €101,001 | €97,255 | -€3,746 | -3.7% |
| Financial income | 75/76B | €1,806 | €549 | -€1,257 | -69.6% |
| Recurring financial income | 75 | €1,806 | €549 | -€1,257 | -69.6% |
| Financial charges | 65/66B | €881 | €3,095 | +€2,214 | +251.2% |
| Recurring financial charges | 65 | €881 | €3,095 | +€2,214 | +251.2% |
| Profit (loss) for the period before taxes | 9903 | €101,925 | €94,709 | -€7,217 | -7.1% |
| Income taxes | 67/77 | €20,621 | €19,082 | -€1,538 | -7.5% |
| Profit (loss) for the period | 9904 | €81,305 | €75,626 | -€5,678 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,305 | €75,626 | -€5,678 | -7.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.