EXOSPEND: 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.
EXOSPEND
Largest movements
- Tangible fixed assets -€174,624
down €174,624 (-100.0%), from €174,624 to €0
- Intangible fixed assets +€157,721
new in 2025: €157,721
- Receivables within one year +€47,952
up €47,952 (+79.6%), from €60,247 to €108,199
of which Other amounts receivable: +€38,720
- Cash -€24,224
down €24,224 (-53.4%), from €45,371 to €21,147
mainly Net result for the year (-€117,288) and Receivables within one year (-€47,952)
- Deferred charges and accrued income +€20,937
new in 2025: €20,937
- Other debts +€165,107
up €165,107 (+361.4%), from €45,689 to €210,796
- Profit (loss) carried forward -€118,397
down €118,397 (-6208.6%), from -€1,907 to -€120,304
- Trade debts -€20,052
down €20,052 (-11.4%), from €175,756 to €155,704
- Gross operating margin -€87,599
new in 2025: -€87,599
- Depreciation +€24,135
up €24,135 (+4372.4%), from €552 to €24,687
- Financial charges +€4,188
up €4,188 (+1957.0%), from €214 to €4,402
- Services and other goods -€1,055
no longer reported in 2025 (was €1,055)
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 | €281,803 | €309,143 | +€27,340 | +9.7% |
| Formation expenses | 20 | €1,561 | €1,138 | -€423 | -27.1% |
| Fixed assets | 21/28 | €174,624 | €157,721 | -€16,903 | -9.7% |
| Intangible fixed assets | 21 | - | €157,721 | +€157,721 | |
| Tangible fixed assets | 22/27 | €174,624 | €0 | -€174,624 | -100.0% |
| Assets under construction and advance payments | 27 | €174,624 | €0 | -€174,624 | -100.0% |
| Current assets | 29/58 | €105,618 | €150,283 | +€44,665 | +42.3% |
| Amounts receivable within one year | 40/41 | €60,247 | €108,199 | +€47,952 | +79.6% |
| Trade receivables | 40 | €60,247 | €69,479 | +€9,232 | +15.3% |
| Other amounts receivable | 41 | - | €38,720 | +€38,720 | |
| Cash at bank and in hand | 54/58 | €45,371 | €21,147 | -€24,224 | -53.4% |
| Deferred charges and accrued income | 490/1 | - | €20,937 | +€20,937 | |
| Total equity and liabilities | 10/49 | €281,803 | €309,143 | +€27,340 | +9.7% |
| Equity | 10/15 | €59,593 | -€58,804 | -€118,397 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,907 | -€120,304 | -€118,397 | -6208.6% |
| Amounts payable | 17/49 | €222,210 | €367,947 | +€145,737 | +65.6% |
| Amounts payable within one year | 42/48 | €221,445 | €366,500 | +€145,055 | +65.5% |
| Trade debts | 44 | €175,756 | €155,704 | -€20,052 | -11.4% |
| Suppliers | 440/4 | €175,756 | €155,704 | -€20,052 | -11.4% |
| Other amounts payable | 47/48 | €45,689 | €210,796 | +€165,107 | +361.4% |
| Accrued charges and deferred income | 492/3 | €765 | €1,447 | +€682 | +89.2% |
| Operating charges | 60/66A | €1,693 | - | -€1,693 | |
| Services and other goods | 61 | €1,055 | - | -€1,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552 | €24,687 | +€24,135 | +4372.4% |
| Other operating charges | 640/8 | €86 | €599 | +€513 | +596.5% |
| Gross operating margin | 9900 | - | -€87,599 | -€87,599 | |
| Operating profit (loss) | 9901 | -€1,693 | -€112,886 | -€111,193 | -6567.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €214 | €4,402 | +€4,188 | +1957.0% |
| Recurring financial charges | 65 | €214 | €4,402 | +€4,188 | +1957.0% |
| Other financial charges | 652/9 | €214 | - | -€214 | |
| Profit (loss) for the period before taxes | 9903 | -€1,907 | -€117,288 | -€115,381 | -6050.4% |
| Profit (loss) for the period | 9904 | -€1,907 | -€117,288 | -€115,381 | -6050.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,907 | -€117,288 | -€115,381 | -6050.4% |
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.