EXS: 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.
EXS
Largest movements
- Receivables within one year -€34,297
down €34,297 (-67.4%), from €50,895 to €16,598
of which Other amounts receivable: -€28,205
- Cash -€14,947
down €14,947 (-91.8%), from €16,281 to €1,335
mainly Net result for the year (-€39,105) and Trade debts (-€9,002)
- Tangible fixed assets -€4,237
down €4,237 (-19.7%), from €21,555 to €17,318
of which Leasing and similar rights: -€4,000
- Profit (loss) carried forward -€39,105
down €39,105, from €35,575 to -€3,530
- Trade debts -€9,002
down €9,002 (-79.4%), from €11,333 to €2,331
- Tax, wage and social debts -€4,442
down €4,442 (-72.0%), from €6,173 to €1,731
of which Taxes: -€5,619
- Debts after one year -€3,999
down €3,999 (-31.6%), from €12,666 to €8,666
- Other debts +€2,747
new in 2023: €2,747
- Gross operating margin -€32,197
down €32,197, from €26,692 to -€5,505
- Depreciation -€2,569
down €2,569 (-28.1%), from €9,151 to €6,582
- Financial income -€863
down €863 (-99.0%), from €872 to €9
- Financial charges -€773
down €773 (-26.2%), from €2,951 to €2,178
- Other operating charges -€711
down €711 (-40.2%), from €1,770 to €1,059
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,886 | €36,406 | -€53,480 | -59.5% |
| Fixed assets | 21/28 | €21,555 | €17,318 | -€4,237 | -19.7% |
| Tangible fixed assets | 22/27 | €21,555 | €17,318 | -€4,237 | -19.7% |
| Land and buildings | 22 | - | €1,194 | +€1,194 | |
| Plant, machinery and equipment | 23 | €1,789 | €1,873 | +€84 | +4.7% |
| Furniture and vehicles | 24 | €4,040 | €2,526 | -€1,514 | -37.5% |
| Leasing and similar rights | 25 | €15,726 | €11,726 | -€4,000 | -25.4% |
| Current assets | 29/58 | €68,330 | €19,087 | -€49,243 | -72.1% |
| Stocks and contracts in progress | 3 | €1,154 | €1,154 | = | 0.0% |
| Stocks | 30/36 | €1,154 | €1,154 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,895 | €16,598 | -€34,297 | -67.4% |
| Trade receivables | 40 | €21,260 | €15,169 | -€6,091 | -28.7% |
| Other amounts receivable | 41 | €29,635 | €1,430 | -€28,205 | -95.2% |
| Cash at bank and in hand | 54/58 | €16,281 | €1,335 | -€14,947 | -91.8% |
| Total equity and liabilities | 10/49 | €89,886 | €36,406 | -€53,480 | -59.5% |
| Equity | 10/15 | €56,035 | €16,930 | -€39,105 | -69.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €35,575 | -€3,530 | -€39,105 | |
| Amounts payable | 17/49 | €33,851 | €19,475 | -€14,375 | -42.5% |
| Amounts payable after more than one year | 17 | €12,666 | €8,666 | -€3,999 | -31.6% |
| Financial debts | 170/4 | €12,666 | €8,666 | -€3,999 | -31.6% |
| Amounts payable within one year | 42/48 | €21,185 | €10,809 | -€10,376 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €3,679 | €3,999 | +€321 | +8.7% |
| Trade debts | 44 | €11,333 | €2,331 | -€9,002 | -79.4% |
| Suppliers | 440/4 | €11,333 | €2,331 | -€9,002 | -79.4% |
| Taxes, remuneration and social security | 45 | €6,173 | €1,731 | -€4,442 | -72.0% |
| Taxes | 450/3 | €5,957 | €338 | -€5,619 | -94.3% |
| Remuneration and social security | 454/9 | €217 | €1,393 | +€1,176 | +542.9% |
| Other amounts payable | 47/48 | - | €2,747 | +€2,747 | |
| Remuneration, social security and pensions | 62 | €23,039 | €23,218 | +€179 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,151 | €6,582 | -€2,569 | -28.1% |
| Other operating charges | 640/8 | €1,770 | €1,059 | -€711 | -40.2% |
| Gross operating margin | 9900 | €26,692 | -€5,505 | -€32,197 | |
| Operating profit (loss) | 9901 | -€7,268 | -€36,365 | -€29,096 | -400.3% |
| Financial income | 75/76B | €872 | €9 | -€863 | -99.0% |
| Recurring financial income | 75 | €872 | €9 | -€863 | -99.0% |
| Financial charges | 65/66B | €2,951 | €2,178 | -€773 | -26.2% |
| Recurring financial charges | 65 | €2,951 | €2,178 | -€773 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,348 | -€38,534 | -€29,186 | -312.2% |
| Income taxes | 67/77 | €614 | €571 | -€43 | -7.1% |
| Profit (loss) for the period | 9904 | -€9,962 | -€39,105 | -€29,143 | -292.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,962 | -€39,105 | -€29,143 | -292.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.