EXPONENTIEL: 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.
EXPONENTIEL
Largest movements
- Receivables within one year +€13,870
up €13,870 (+52.3%), from €26,503 to €40,372
of which Trade receivables: +€13,734
- Deferred charges and accrued income +€10,564
up €10,564 (+78.6%), from €13,446 to €24,009
- Cash -€9,438
down €9,438 (-38.8%), from €24,356 to €14,918
mainly Receivables within one year (-€13,870) and Deferred charges and accrued income (-€10,564)
- Tangible fixed assets +€6,453
new in 2025: €6,453
of which Furniture and vehicles: +€6,453
- Trade debts +€18,674
up €18,674 (+1640.1%), from €1,139 to €19,812
- Accrued charges and deferred income +€3,432
up €3,432 (+73.5%), from €4,667 to €8,099
- Other debts -€3,000
no longer reported in 2025 (was €3,000)
- Tax, wage and social debts +€1,967
up €1,967 (+74.1%), from €2,655 to €4,622
- Gross operating margin -€4,904
down €4,904 (-50.1%), from €9,779 to €4,875
- Taxes -€2,094
down €2,094 (-65.1%), from €3,216 to €1,122
- Depreciation +€599
up €599 (+241.4%), from €248 to €847
- Other operating charges +€518
up €518 (+26.4%), from €1,961 to €2,479
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 | €64,304 | €85,753 | +€21,449 | +33.4% |
| Fixed assets | 21/28 | - | €6,453 | +€6,453 | |
| Tangible fixed assets | 22/27 | - | €6,453 | +€6,453 | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €6,453 | +€6,453 | |
| Current assets | 29/58 | €64,304 | €79,299 | +€14,995 | +23.3% |
| Amounts receivable within one year | 40/41 | €26,503 | €40,372 | +€13,870 | +52.3% |
| Trade receivables | 40 | €25,075 | €38,809 | +€13,734 | +54.8% |
| Other amounts receivable | 41 | €1,428 | €1,563 | +€135 | +9.5% |
| Cash at bank and in hand | 54/58 | €24,356 | €14,918 | -€9,438 | -38.8% |
| Deferred charges and accrued income | 490/1 | €13,446 | €24,009 | +€10,564 | +78.6% |
| Total equity and liabilities | 10/49 | €64,304 | €85,753 | +€21,449 | +33.4% |
| Equity | 10/15 | €52,843 | €53,219 | +€376 | +0.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €23,160 | €23,160 | = | 0.0% |
| Distributable reserves | 133 | €23,160 | €23,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,224 | €9,599 | +€376 | +4.1% |
| Amounts payable | 17/49 | €11,461 | €32,534 | +€21,073 | +183.9% |
| Amounts payable within one year | 42/48 | €6,793 | €24,435 | +€17,641 | +259.7% |
| Trade debts | 44 | €1,139 | €19,812 | +€18,674 | +1640.1% |
| Suppliers | 440/4 | €1,139 | €19,812 | +€18,674 | +1640.1% |
| Taxes, remuneration and social security | 45 | €2,655 | €4,622 | +€1,967 | +74.1% |
| Taxes | 450/3 | €2,655 | €4,622 | +€1,967 | +74.1% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €4,667 | €8,099 | +€3,432 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €847 | +€599 | +241.4% |
| Other operating charges | 640/8 | €1,961 | €2,479 | +€518 | +26.4% |
| Gross operating margin | 9900 | €9,779 | €4,875 | -€4,904 | -50.1% |
| Operating profit (loss) | 9901 | €7,570 | €1,550 | -€6,020 | -79.5% |
| Financial charges | 65/66B | €89 | €52 | -€37 | -41.6% |
| Recurring financial charges | 65 | €89 | €52 | -€37 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €7,481 | €1,498 | -€5,983 | -80.0% |
| Income taxes | 67/77 | €3,216 | €1,122 | -€2,094 | -65.1% |
| Profit (loss) for the period | 9904 | €4,265 | €376 | -€3,890 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,265 | €376 | -€3,890 | -91.2% |
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.