EXPHOSE: 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.
EXPHOSE
Largest movements
- Receivables within one year +€1,797
up €1,797 (+164.3%), from €1,094 to €2,891
of which Other amounts receivable: +€1,797
- Other debts +€36,183
up €36,183 (+17.4%), from €207,978 to €244,161
- Profit (loss) carried forward -€27,196
down €27,196 (-22.7%), from -€119,742 to -€146,938
- Debts after one year -€5,875
down €5,875 (-20.7%), from €28,341 to €22,466
- Gross operating margin -€1,505
down €1,505 (-6.7%), from -€22,448 to -€23,953
- Financial charges -€632
down €632 (-43.1%), from €1,467 to €834
- Taxes -€474
down €474, from €369 to -€104
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 | €171,529 | €173,794 | +€2,266 | +1.3% |
| Fixed assets | 21/28 | €146,619 | €146,199 | -€420 | -0.3% |
| Tangible fixed assets | 22/27 | €146,619 | €146,199 | -€420 | -0.3% |
| Land and buildings | 22 | €146,177 | €146,177 | = | 0.0% |
| Plant, machinery and equipment | 23 | €442 | €22 | -€420 | -95.1% |
| Current assets | 29/58 | €24,910 | €27,596 | +€2,686 | +10.8% |
| Stocks and contracts in progress | 3 | €22,635 | €22,635 | = | 0.0% |
| Stocks | 30/36 | €22,635 | €22,635 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,094 | €2,891 | +€1,797 | +164.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,094 | €2,891 | +€1,797 | +164.3% |
| Cash at bank and in hand | 54/58 | €202 | €1,311 | +€1,109 | +549.6% |
| Deferred charges and accrued income | 490/1 | €979 | €760 | -€220 | -22.4% |
| Total equity and liabilities | 10/49 | €171,529 | €173,794 | +€2,266 | +1.3% |
| Equity | 10/15 | -€84,382 | -€111,578 | -€27,196 | -32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,760 | €16,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,760 | €16,760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €14,900 | €14,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,742 | -€146,938 | -€27,196 | -22.7% |
| Amounts payable | 17/49 | €255,910 | €285,372 | +€29,462 | +11.5% |
| Amounts payable after more than one year | 17 | €28,341 | €22,466 | -€5,875 | -20.7% |
| Financial debts | 170/4 | €28,341 | €22,466 | -€5,875 | -20.7% |
| Amounts payable within one year | 42/48 | €227,569 | €262,907 | +€35,337 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €5,778 | €5,875 | +€97 | +1.7% |
| Trade debts | 44 | €11,851 | €12,400 | +€549 | +4.6% |
| Suppliers | 440/4 | €11,851 | €12,400 | +€549 | +4.6% |
| Advances received on contracts in progress | 46 | €1,113 | €0 | -€1,113 | -100.0% |
| Taxes, remuneration and social security | 45 | €850 | €471 | -€379 | -44.6% |
| Taxes | 450/3 | €850 | €471 | -€379 | -44.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €207,978 | €244,161 | +€36,183 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420 | €420 | = | 0.0% |
| Other operating charges | 640/8 | €1,880 | €2,093 | +€213 | +11.3% |
| Gross operating margin | 9900 | -€22,448 | -€23,953 | -€1,505 | -6.7% |
| Operating profit (loss) | 9901 | -€24,749 | -€26,466 | -€1,717 | -6.9% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €1,467 | €834 | -€632 | -43.1% |
| Recurring financial charges | 65 | €1,467 | €834 | -€632 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,210 | -€27,300 | -€1,090 | -4.2% |
| Income taxes | 67/77 | €369 | -€104 | -€474 | |
| Profit (loss) for the period | 9904 | -€26,579 | -€27,196 | -€617 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,579 | -€27,196 | -€617 | -2.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.