EXPHAJE: 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.
EXPHAJE
Largest movements
- Receivables within one year +€25,680
new in 2025: €25,680
- Cash +€9,300
up €9,300 (+404.0%), from €2,302 to €11,603
mainly Net result for the year (+€46,805) and Trade debts (+€14,373)
- Intangible fixed assets -€679
down €679 (-24.8%), from €2,735 to €2,056
- Profit (loss) carried forward +€46,805
up €46,805 (+62.6%), from -€74,755 to -€27,950
- Other debts -€30,655
down €30,655 (-52.3%), from €58,608 to €27,953
- Trade debts +€14,373
up €14,373 (+195.5%), from €7,350 to €21,723
- Tax, wage and social debts +€3,414
up €3,414 (+1169.3%), from €292 to €3,706
- Gross operating margin +€86,093
up €86,093, from -€36,903 to €49,190
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 | €10,045 | €43,982 | +€33,937 | +337.8% |
| Fixed assets | 21/28 | €7,743 | €6,699 | -€1,044 | -13.5% |
| Intangible fixed assets | 21 | €2,735 | €2,056 | -€679 | -24.8% |
| Tangible fixed assets | 22/27 | €4,258 | €3,893 | -€365 | -8.6% |
| Land and buildings | 22 | €1,129 | €877 | -€252 | -22.3% |
| Furniture and vehicles | 24 | €3,129 | €3,017 | -€113 | -3.6% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €2,302 | €37,283 | +€34,981 | +1519.5% |
| Amounts receivable within one year | 40/41 | - | €25,680 | +€25,680 | |
| Trade receivables | 40 | - | €25,680 | +€25,680 | |
| Cash at bank and in hand | 54/58 | €2,302 | €11,603 | +€9,300 | +404.0% |
| Total equity and liabilities | 10/49 | €10,045 | €43,982 | +€33,937 | +337.8% |
| Equity | 10/15 | -€56,205 | -€9,400 | +€46,805 | +83.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,755 | -€27,950 | +€46,805 | +62.6% |
| Amounts payable | 17/49 | €66,251 | €53,382 | -€12,868 | -19.4% |
| Amounts payable within one year | 42/48 | €66,251 | €53,382 | -€12,868 | -19.4% |
| Trade debts | 44 | €7,350 | €21,723 | +€14,373 | +195.5% |
| Suppliers | 440/4 | €7,350 | €21,723 | +€14,373 | +195.5% |
| Taxes, remuneration and social security | 45 | €292 | €3,706 | +€3,414 | +1169.3% |
| Taxes | 450/3 | €292 | €3,706 | +€3,414 | +1169.3% |
| Other amounts payable | 47/48 | €58,608 | €27,953 | -€30,655 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,123 | €2,155 | +€32 | +1.5% |
| Other operating charges | 640/8 | €2 | €90 | +€89 | +5086.2% |
| Gross operating margin | 9900 | -€36,903 | €49,190 | +€86,093 | |
| Operating profit (loss) | 9901 | -€39,028 | €46,944 | +€85,972 | |
| Financial charges | 65/66B | €139 | €139 | = | 0.0% |
| Recurring financial charges | 65 | €139 | €139 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,167 | €46,805 | +€85,972 | |
| Profit (loss) for the period | 9904 | -€39,167 | €46,805 | +€85,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,167 | €46,805 | +€85,972 |
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 29 September 2026 via checked.be.