EXPONENTIAL INVEST: 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.
EXPONENTIAL INVEST
Largest movements
- Receivables within one year -€26,246
down €26,246 (-28.9%), from €90,707 to €64,461
of which Trade receivables: -€26,497
- Intangible fixed assets -€23,178
down €23,178 (-35.7%), from €64,892 to €41,714
- Cash +€3,635
up €3,635 (+41.5%), from €8,770 to €12,405
mainly Receivables within one year (+€26,246) and Depreciation (+€23,688)
- Profit (loss) carried forward -€49,725
down €49,725 (-13.9%), from -€356,812 to -€406,537
- Other debts +€12,353
up €12,353 (+23.9%), from €51,651 to €64,004
- Trade debts -€7,836
down €7,836 (-1.8%), from €424,171 to €416,335
- Gross operating margin +€49,809
up €49,809 (+41.8%), from €119,159 to €168,968
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 | €168,335 | €122,859 | -€45,476 | -27.0% |
| Fixed assets | 21/28 | €66,475 | €42,787 | -€23,688 | -35.6% |
| Intangible fixed assets | 21 | €64,892 | €41,714 | -€23,178 | -35.7% |
| Tangible fixed assets | 22/27 | €894 | €384 | -€510 | -57.1% |
| Furniture and vehicles | 24 | €894 | €384 | -€510 | -57.1% |
| Financial fixed assets | 28 | €689 | €689 | = | 0.0% |
| Current assets | 29/58 | €101,860 | €80,072 | -€21,788 | -21.4% |
| Amounts receivable within one year | 40/41 | €90,707 | €64,461 | -€26,246 | -28.9% |
| Trade receivables | 40 | €79,794 | €53,297 | -€26,497 | -33.2% |
| Other amounts receivable | 41 | €10,913 | €11,164 | +€250 | +2.3% |
| Cash at bank and in hand | 54/58 | €8,770 | €12,405 | +€3,635 | +41.5% |
| Deferred charges and accrued income | 490/1 | €2,383 | €3,206 | +€823 | +34.5% |
| Total equity and liabilities | 10/49 | €168,335 | €122,859 | -€45,476 | -27.0% |
| Equity | 10/15 | -€347,566 | -€397,291 | -€49,725 | -14.3% |
| Contributions | 10/11 | €9,246 | €9,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€356,812 | -€406,537 | -€49,725 | -13.9% |
| Amounts payable | 17/49 | €515,901 | €520,150 | +€4,249 | +0.8% |
| Amounts payable within one year | 42/48 | €515,901 | €520,118 | +€4,216 | +0.8% |
| Trade debts | 44 | €424,171 | €416,335 | -€7,836 | -1.8% |
| Suppliers | 440/4 | €424,171 | €416,335 | -€7,836 | -1.8% |
| Taxes, remuneration and social security | 45 | €40,080 | €39,779 | -€301 | -0.8% |
| Taxes | 450/3 | €4,945 | €7,560 | +€2,615 | +52.9% |
| Remuneration and social security | 454/9 | €35,135 | €32,219 | -€2,916 | -8.3% |
| Other amounts payable | 47/48 | €51,651 | €64,004 | +€12,353 | +23.9% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Remuneration, social security and pensions | 62 | €188,136 | €187,646 | -€490 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,668 | €23,688 | +€20 | +0.1% |
| Other operating charges | 640/8 | €6,436 | €6,195 | -€241 | -3.7% |
| Gross operating margin | 9900 | €119,159 | €168,968 | +€49,809 | +41.8% |
| Operating profit (loss) | 9901 | -€99,082 | -€48,561 | +€50,520 | +51.0% |
| Financial income | 75/76B | €0 | €82 | +€82 | |
| Recurring financial income | 75 | €0 | €82 | +€82 | |
| Financial charges | 65/66B | €184 | €553 | +€369 | +200% |
| Recurring financial charges | 65 | €184 | €553 | +€369 | +200% |
| Profit (loss) for the period before taxes | 9903 | -€99,266 | -€49,032 | +€50,233 | +50.6% |
| Income taxes | 67/77 | €644 | €692 | +€48 | +7.5% |
| Profit (loss) for the period | 9904 | -€99,910 | -€49,725 | +€50,185 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,910 | -€49,725 | +€50,185 | +50.2% |
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 30 October 2026 via checked.be.