EXWO: what changed
EXWO
Largest movements
- Receivables within one year +€3,856
up €3,856 (+162%), from €2,387 to €6,244
of which Trade receivables: +€5,257
- Tangible fixed assets +€2,173
new in 2025: €2,173
- Cash -€2,057
down €2,057 (-23.1%), from €8,906 to €6,849
mainly Receivables within one year (-€3,856) and Investment in fixed assets (net) (-€2,897)
- Accrued charges and deferred income +€3,829
new in 2025: €3,829
- Profit (loss) carried forward +€2,761
up €2,761 (+27.2%), from -€10,146 to -€7,385
- Other debts -€2,734
down €2,734 (-38.7%), from €7,058 to €4,324
- Current portion of long-term debt -€837
no longer reported in 2025 (was €837)
- Tax, wage and social debts +€543
new in 2025: €543
- Gross operating margin +€5,308
up €5,308, from -€916 to €4,392
- Depreciation +€724
new in 2025: €724
- Taxes +€543
new in 2025: €543
- Financial income -€133
down €133 (-100.0%), from €133 to €0
- Financial charges +€86
up €86 (+30.9%), from €278 to €364
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,815 | €15,849 | +€4,034 | +34.1% |
| Fixed assets | 21/28 | - | €2,173 | +€2,173 | |
| Tangible fixed assets | 22/27 | - | €2,173 | +€2,173 | |
| Plant, machinery and equipment | 23 | - | €2,173 | +€2,173 | |
| Current assets | 29/58 | €11,815 | €13,677 | +€1,861 | +15.8% |
| Amounts receivable within one year | 40/41 | €2,387 | €6,244 | +€3,856 | +162% |
| Trade receivables | 40 | €799 | €6,056 | +€5,257 | +658% |
| Other amounts receivable | 41 | €1,588 | €188 | -€1,401 | -88.2% |
| Cash at bank and in hand | 54/58 | €8,906 | €6,849 | -€2,057 | -23.1% |
| Deferred charges and accrued income | 490/1 | €522 | €584 | +€62 | +11.9% |
| Total equity and liabilities | 10/49 | €11,815 | €15,849 | +€4,034 | +34.1% |
| Equity | 10/15 | €3,354 | €6,115 | +€2,761 | +82.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €9,500 | €9,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,146 | -€7,385 | +€2,761 | +27.2% |
| Amounts payable | 17/49 | €8,462 | €9,734 | +€1,273 | +15.0% |
| Amounts payable within one year | 42/48 | €8,462 | €5,905 | -€2,556 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €837 | - | -€837 | |
| Trade debts | 44 | €567 | €1,038 | +€472 | +83.2% |
| Suppliers | 440/4 | €567 | €1,038 | +€472 | +83.2% |
| Taxes, remuneration and social security | 45 | - | €543 | +€543 | |
| Taxes | 450/3 | - | €543 | +€543 | |
| Other amounts payable | 47/48 | €7,058 | €4,324 | -€2,734 | -38.7% |
| Accrued charges and deferred income | 492/3 | - | €3,829 | +€3,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €724 | +€724 | |
| Other operating charges | 640/8 | €44 | - | -€44 | |
| Gross operating margin | 9900 | -€916 | €4,392 | +€5,308 | |
| Operating profit (loss) | 9901 | -€960 | €3,668 | +€4,628 | |
| Financial income | 75/76B | €133 | €0 | -€133 | -100.0% |
| Recurring financial income | 75 | €133 | €0 | -€133 | -100.0% |
| Financial charges | 65/66B | €278 | €364 | +€86 | +30.9% |
| Recurring financial charges | 65 | €278 | €364 | +€86 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,104 | €3,304 | +€4,409 | |
| Income taxes | 67/77 | - | €543 | +€543 | |
| Profit (loss) for the period | 9904 | -€1,104 | €2,761 | +€3,866 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,104 | €2,761 | +€3,866 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.