EXSTO: 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.
EXSTO
Largest movements
- Tangible fixed assets -€17,719
down €17,719 (-33.1%), from €53,599 to €35,880
of which Furniture and vehicles: -€15,577
- Cash +€8,450
up €8,450 (+156.1%), from €5,414 to €13,864
mainly Depreciation (+€17,737) and Tax, wage and social debts (+€7,181)
- Receivables within one year +€3,327
up €3,327 (+3.1%), from €106,766 to €110,093
of which Trade receivables: +€3,327
- Reserves -€16,733
down €16,733 (-34.8%), from €48,078 to €31,345
of which Distributable reserves: -€17,111
- Tax, wage and social debts +€7,181
up €7,181 (+77.7%), from €9,240 to €16,421
- Trade debts +€2,316
up €2,316 (+536.7%), from €432 to €2,748
- Gross operating margin -€1,277
down €1,277 (-5.1%), from €25,056 to €23,779
- Other operating charges -€347
down €347 (-33.1%), from €1,050 to €703
- Financial charges -€288
down €288 (-63.5%), from €453 to €166
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 | €169,918 | €164,117 | -€5,800 | -3.4% |
| Fixed assets | 21/28 | €53,599 | €35,880 | -€17,719 | -33.1% |
| Tangible fixed assets | 22/27 | €53,599 | €35,880 | -€17,719 | -33.1% |
| Land and buildings | 22 | €2,452 | €2,142 | -€310 | -12.6% |
| Plant, machinery and equipment | 23 | €4,842 | €3,301 | -€1,541 | -31.8% |
| Furniture and vehicles | 24 | €45,432 | €29,856 | -€15,577 | -34.3% |
| Other tangible fixed assets | 26 | €872 | €582 | -€291 | -33.3% |
| Current assets | 29/58 | €116,319 | €128,237 | +€11,918 | +10.2% |
| Amounts receivable within one year | 40/41 | €106,766 | €110,093 | +€3,327 | +3.1% |
| Trade receivables | 40 | €106,763 | €110,090 | +€3,327 | +3.1% |
| Other amounts receivable | 41 | €3 | €3 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,414 | €13,864 | +€8,450 | +156.1% |
| Deferred charges and accrued income | 490/1 | €4,139 | €4,280 | +€141 | +3.4% |
| Total equity and liabilities | 10/49 | €169,918 | €164,117 | -€5,800 | -3.4% |
| Equity | 10/15 | €66,628 | €49,895 | -€16,733 | -25.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €48,078 | €31,345 | -€16,733 | -34.8% |
| Tax-exempt reserves | 132 | €788 | €1,167 | +€378 | +48.0% |
| Distributable reserves | 133 | €47,289 | €30,178 | -€17,111 | -36.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,290 | €114,223 | +€10,932 | +10.6% |
| Amounts payable within one year | 42/48 | €103,290 | €114,223 | +€10,932 | +10.6% |
| Trade debts | 44 | €432 | €2,748 | +€2,316 | +536.7% |
| Suppliers | 440/4 | €432 | €2,748 | +€2,316 | +536.7% |
| Taxes, remuneration and social security | 45 | €9,240 | €16,421 | +€7,181 | +77.7% |
| Taxes | 450/3 | €9,240 | €16,421 | +€7,181 | +77.7% |
| Other amounts payable | 47/48 | €93,618 | €95,054 | +€1,435 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,874 | €17,737 | -€137 | -0.8% |
| Other operating charges | 640/8 | €1,050 | €703 | -€347 | -33.1% |
| Gross operating margin | 9900 | €25,056 | €23,779 | -€1,277 | -5.1% |
| Operating profit (loss) | 9901 | €6,132 | €5,339 | -€793 | -12.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €453 | €166 | -€288 | -63.5% |
| Recurring financial charges | 65 | €453 | €166 | -€288 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €5,679 | €5,174 | -€505 | -8.9% |
| Income taxes | 67/77 | €1,863 | €1,906 | +€43 | +2.3% |
| Profit (loss) for the period | 9904 | €3,815 | €3,267 | -€548 | -14.4% |
| Transfer to tax-exempt reserves | 689 | €378 | €378 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,437 | €2,889 | -€548 | -16.0% |
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.