EXSHO: 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.
EXSHO
Largest movements
- Receivables within one year -€10,409
down €10,409 (-10.5%), from €99,110 to €88,702
of which Trade receivables: -€12,372
- Cash -€1,514
down €1,514 (-44.6%), from €3,390 to €1,877
mainly Trade debts (-€4,647) and Net result for the year (-€3,979)
- Trade debts -€4,647
down €4,647 (-93.3%), from €4,983 to €336
- Profit (loss) carried forward -€3,979
down €3,979 (-15.6%), from -€25,452 to -€29,431
- Tax, wage and social debts -€3,297
no longer reported in 2025 (was €3,297)
- Gross operating margin -€15,837
down €15,837, from €12,350 to -€3,488
- Turnover -€12,750
no longer reported in 2025 (was €12,750)
- Purchases and services +€3,087
up €3,087 (+770.9%), from €400 to €3,488
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 | €102,817 | €90,895 | -€11,922 | -11.6% |
| Current assets | 29/58 | €102,817 | €90,895 | -€11,922 | -11.6% |
| Stocks and contracts in progress | 3 | €317 | €317 | = | 0.0% |
| Stocks | 30/36 | €317 | €317 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €99,110 | €88,702 | -€10,409 | -10.5% |
| Trade receivables | 40 | €29,850 | €17,478 | -€12,372 | -41.4% |
| Other amounts receivable | 41 | €69,260 | €71,224 | +€1,964 | +2.8% |
| Cash at bank and in hand | 54/58 | €3,390 | €1,877 | -€1,514 | -44.6% |
| Total equity and liabilities | 10/49 | €102,817 | €90,895 | -€11,922 | -11.6% |
| Equity | 10/15 | €93,288 | €89,309 | -€3,979 | -4.3% |
| Contributions | 10/11 | €118,740 | €118,740 | = | 0.0% |
| Capital | 10 | €118,740 | €118,740 | = | 0.0% |
| Issued capital | 100 | €118,740 | €118,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,452 | -€29,431 | -€3,979 | -15.6% |
| Amounts payable | 17/49 | €9,529 | €1,586 | -€7,943 | -83.4% |
| Amounts payable within one year | 42/48 | €9,529 | €1,586 | -€7,943 | -83.4% |
| Trade debts | 44 | €4,983 | €336 | -€4,647 | -93.3% |
| Suppliers | 440/4 | €4,983 | €336 | -€4,647 | -93.3% |
| Taxes, remuneration and social security | 45 | €3,297 | - | -€3,297 | |
| Taxes | 450/3 | €3,297 | - | -€3,297 | |
| Other amounts payable | 47/48 | €1,250 | €1,250 | = | 0.0% |
| Turnover | 70 | €12,750 | - | -€12,750 | |
| Goods, raw materials, services and sundry goods | 60/61 | €400 | €3,488 | +€3,087 | +770.9% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €12,350 | -€3,488 | -€15,837 | |
| Operating profit (loss) | 9901 | €11,962 | -€3,887 | -€15,850 | |
| Financial charges | 65/66B | €93 | €91 | -€2 | -1.6% |
| Recurring financial charges | 65 | €93 | €91 | -€2 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €11,869 | -€3,979 | -€15,848 | |
| Profit (loss) for the period | 9904 | €11,869 | -€3,979 | -€15,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,869 | -€3,979 | -€15,848 |
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 1 October 2026 via checked.be.