Exponense: what changed
Two financial 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.
Exponense
Largest movements
- Cash -€177,151
down €177,151 (-78.0%), from €227,174 to €50,023
mainly Investment in fixed assets (net) (-€191,650) and Debts after one year (-€31,004)
- Tangible fixed assets +€148,216
up €148,216 (+29.4%), from €504,948 to €653,164
of which Other tangible fixed assets: +€185,710
- Receivables within one year +€29,632
up €29,632 (+80.2%), from €36,931 to €66,564
of which Trade receivables: +€26,973
- Reserves +€51,468
up €51,468 (+20.5%), from €251,669 to €303,137
- Debts after one year -€31,004
down €31,004 (-7.2%), from €427,909 to €396,904
of which Financial debts: -€24,004
- Tax, wage and social debts -€18,493
down €18,493 (-37.7%), from €49,073 to €30,580
- Gross operating margin +€24,084
up €24,084 (+20.1%), from €120,007 to €144,091
- Depreciation +€18,824
up €18,824 (+76.5%), from €24,610 to €43,434
- Other operating charges +€17,265
up €17,265 (+1,293%), from €1,335 to €18,600
- Financial charges +€9,394
up €9,394 (+160%), from €5,858 to €15,252
- Taxes -€3,806
down €3,806 (-19.9%), from €19,146 to €15,340
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.
Derived cash bridge
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 | €773,541 | €771,928 | -€1,613 | -0.2% |
| Fixed assets | 21/28 | €504,948 | €653,164 | +€148,216 | +29.4% |
| Tangible fixed assets | 22/27 | €504,948 | €653,164 | +€148,216 | +29.4% |
| Land and buildings | 22 | €438,241 | €415,944 | -€22,297 | -5.1% |
| Plant, machinery and equipment | 23 | €2,469 | €2,289 | -€179 | -7.3% |
| Furniture and vehicles | 24 | €49,344 | €34,327 | -€15,018 | -30.4% |
| Other tangible fixed assets | 26 | €14,895 | €200,605 | +€185,710 | +1,247% |
| Current assets | 29/58 | €268,593 | €118,764 | -€149,829 | -55.8% |
| Amounts receivable within one year | 40/41 | €36,931 | €66,564 | +€29,632 | +80.2% |
| Trade receivables | 40 | €11,931 | €38,904 | +€26,973 | +226% |
| Other amounts receivable | 41 | €25,000 | €27,660 | +€2,660 | +10.6% |
| Cash at bank and in hand | 54/58 | €227,174 | €50,023 | -€177,151 | -78.0% |
| Deferred charges and accrued income | 490/1 | €4,487 | €2,177 | -€2,310 | -51.5% |
| Total equity and liabilities | 10/49 | €773,541 | €771,928 | -€1,613 | -0.2% |
| Equity | 10/15 | €254,669 | €306,137 | +€51,468 | +20.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €251,669 | €303,137 | +€51,468 | +20.5% |
| Distributable reserves | 133 | €251,669 | €303,137 | +€51,468 | +20.5% |
| Amounts payable | 17/49 | €518,872 | €465,791 | -€53,081 | -10.2% |
| Amounts payable after more than one year | 17 | €427,909 | €396,904 | -€31,004 | -7.2% |
| Financial debts | 170/4 | €420,909 | €396,904 | -€24,004 | -5.7% |
| Other amounts payable | 178/9 | €7,000 | €0 | -€7,000 | -100% |
| Amounts payable within one year | 42/48 | €90,963 | €68,887 | -€22,076 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €23,194 | €24,004 | +€810 | +3.5% |
| Financial debts | 43 | €42 | €413 | +€371 | +883% |
| Credit institutions | 430/8 | €42 | €413 | +€371 | +883% |
| Trade debts | 44 | €13,251 | €8,873 | -€4,378 | -33.0% |
| Suppliers | 440/4 | €13,251 | €8,873 | -€4,378 | -33.0% |
| Taxes, remuneration and social security | 45 | €49,073 | €30,580 | -€18,493 | -37.7% |
| Taxes | 450/3 | €49,073 | €30,580 | -€18,493 | -37.7% |
| Other amounts payable | 47/48 | €5,403 | €5,017 | -€385 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,610 | €43,434 | +€18,824 | +76.5% |
| Other operating charges | 640/8 | €1,335 | €18,600 | +€17,265 | +1,293% |
| Gross operating margin | 9900 | €120,007 | €144,091 | +€24,084 | +20.1% |
| Operating profit (loss) | 9901 | €94,062 | €82,057 | -€12,005 | -12.8% |
| Financial income | 75/76B | €2 | €3 | +€1 | +40.6% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +40.6% |
| Financial charges | 65/66B | €5,858 | €15,252 | +€9,394 | +160% |
| Recurring financial charges | 65 | €5,858 | €15,252 | +€9,394 | +160% |
| Profit (loss) for the period before taxes | 9903 | €88,206 | €66,808 | -€21,398 | -24.3% |
| Income taxes | 67/77 | €19,146 | €15,340 | -€3,806 | -19.9% |
| Profit (loss) for the period | 9904 | €69,060 | €51,468 | -€17,593 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,060 | €51,468 | -€17,593 | -25.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.