EXRENO: 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.
EXRENO
Largest movements
- Receivables within one year -€19,254
down €19,254 (-26.6%), from €72,310 to €53,056
of which Trade receivables: -€27,075
- Tangible fixed assets -€11,351
down €11,351 (-23.3%), from €48,777 to €37,426
of which Furniture and vehicles: -€11,293
- Stocks and contracts +€7,037
new in 2025: €7,037
- Cash -€1,602
down €1,602 (-33.7%), from €4,749 to €3,147
mainly Debts after one year (-€10,735) and Trade debts (-€10,177)
- Deferred charges and accrued income +€1,317
new in 2025: €1,317
- Debts after one year -€10,735
down €10,735 (-32.6%), from €32,904 to €22,169
- Trade debts -€10,177
down €10,177 (-56.5%), from €18,013 to €7,836
- Tax, wage and social debts -€7,036
down €7,036 (-70.4%), from €9,999 to €2,963
of which Taxes: -€5,036
- Reserves +€5,037
up €5,037 (+10.4%), from €48,241 to €53,278
- Depreciation +€7,440
up €7,440 (+119.8%), from €6,212 to €13,651
- Taxes -€5,318
down €5,318 (-64.2%), from €8,281 to €2,963
- Financial charges +€1,370
up €1,370 (+156.1%), from €878 to €2,248
- Other operating charges +€1,288
up €1,288 (+132.1%), from €976 to €2,264
- Gross operating margin +€678
up €678 (+2.9%), from €23,078 to €23,756
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 | €125,836 | €101,982 | -€23,854 | -19.0% |
| Fixed assets | 21/28 | €48,777 | €37,426 | -€11,351 | -23.3% |
| Tangible fixed assets | 22/27 | €48,777 | €37,426 | -€11,351 | -23.3% |
| Plant, machinery and equipment | 23 | €58 | - | -€58 | |
| Furniture and vehicles | 24 | €48,719 | €37,426 | -€11,293 | -23.2% |
| Current assets | 29/58 | €77,059 | €64,556 | -€12,502 | -16.2% |
| Stocks and contracts in progress | 3 | - | €7,037 | +€7,037 | |
| Contracts in progress | 37 | - | €7,037 | +€7,037 | |
| Amounts receivable within one year | 40/41 | €72,310 | €53,056 | -€19,254 | -26.6% |
| Trade receivables | 40 | €27,075 | - | -€27,075 | |
| Other amounts receivable | 41 | €45,235 | €53,056 | +€7,821 | +17.3% |
| Cash at bank and in hand | 54/58 | €4,749 | €3,147 | -€1,602 | -33.7% |
| Deferred charges and accrued income | 490/1 | - | €1,317 | +€1,317 | |
| Total equity and liabilities | 10/49 | €125,836 | €101,982 | -€23,854 | -19.0% |
| Equity | 10/15 | €53,241 | €58,278 | +€5,037 | +9.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,241 | €53,278 | +€5,037 | +10.4% |
| Distributable reserves | 133 | €48,241 | €53,278 | +€5,037 | +10.4% |
| Amounts payable | 17/49 | €72,596 | €43,704 | -€28,891 | -39.8% |
| Amounts payable after more than one year | 17 | €32,904 | €22,169 | -€10,735 | -32.6% |
| Financial debts | 170/4 | €32,904 | €22,169 | -€10,735 | -32.6% |
| Amounts payable within one year | 42/48 | €39,691 | €21,535 | -€18,156 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €11,678 | €10,735 | -€943 | -8.1% |
| Trade debts | 44 | €18,013 | €7,836 | -€10,177 | -56.5% |
| Suppliers | 440/4 | €18,013 | €7,836 | -€10,177 | -56.5% |
| Taxes, remuneration and social security | 45 | €9,999 | €2,963 | -€7,036 | -70.4% |
| Taxes | 450/3 | €7,999 | €2,963 | -€5,036 | -63.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,212 | €13,651 | +€7,440 | +119.8% |
| Other operating charges | 640/8 | €976 | €2,264 | +€1,288 | +132.1% |
| Gross operating margin | 9900 | €23,078 | €23,756 | +€678 | +2.9% |
| Operating profit (loss) | 9901 | €15,891 | €7,841 | -€8,050 | -50.7% |
| Financial income | 75/76B | €1,999 | €2,408 | +€409 | +20.5% |
| Recurring financial income | 75 | €1,999 | €2,408 | +€409 | +20.5% |
| Financial charges | 65/66B | €878 | €2,248 | +€1,370 | +156.1% |
| Recurring financial charges | 65 | €878 | €2,248 | +€1,370 | +156.1% |
| Profit (loss) for the period before taxes | 9903 | €17,012 | €8,001 | -€9,011 | -53.0% |
| Income taxes | 67/77 | €8,281 | €2,963 | -€5,318 | -64.2% |
| Profit (loss) for the period | 9904 | €8,731 | €5,037 | -€3,693 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,731 | €5,037 | -€3,693 | -42.3% |
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 7 October 2026 via checked.be.