J. EXO DISTRIBUTION: 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.
J. EXO DISTRIBUTION
Largest movements
- Stocks and contracts -€372,861
no longer reported in 2025 (was €372,861)
- Receivables within one year -€369,218
down €369,218 (-82.1%), from €449,567 to €80,349
of which Trade receivables: -€369,201
- Cash -€294,723
down €294,723 (-92.3%), from €319,213 to €24,489
mainly Net result for the year (-€508,453) and Trade debts (-€395,271)
- Profit (loss) carried forward -€508,453
down €508,453, from €248,824 to -€259,629
- Trade debts -€395,271
no longer reported in 2025 (was €395,271)
- Tax, wage and social debts -€125,132
no longer reported in 2025 (was €125,132)
of which Taxes: -€64,708
- Accrued charges and deferred income +€120,845
up €120,845 (+435%), from €27,791 to €148,636
- Other debts -€75,188
no longer reported in 2025 (was €75,188)
- Gross operating margin -€154,481
down €154,481, from €141,191 to -€13,290
- Other operating charges +€120,489
up €120,489 (+1,664%), from €7,241 to €127,730
- Write-downs +€81,348
up €81,348 (+76.5%), from -€106,277 to -€24,929
- Staff costs -€12,333
down €12,333 (-3.2%), from €389,398 to €377,065
- Depreciation -€3,266
down €3,266 (-47.7%), from €6,848 to €3,582
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.
Derived cash bridge
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 | €1,149,888 | €104,838 | -€1.0m | -90.9% |
| Fixed assets | 21/28 | €4,032 | - | -€4,032 | |
| Tangible fixed assets | 22/27 | €3,582 | - | -€3,582 | |
| Plant, machinery and equipment | 23 | €1,250 | - | -€1,250 | |
| Furniture and vehicles | 24 | €1,666 | - | -€1,666 | |
| Other tangible fixed assets | 26 | €666 | - | -€666 | |
| Financial fixed assets | 28 | €450 | - | -€450 | |
| Current assets | 29/58 | €1,145,856 | €104,838 | -€1.0m | -90.9% |
| Stocks and contracts in progress | 3 | €372,861 | - | -€372,861 | |
| Stocks | 30/36 | €372,861 | - | -€372,861 | |
| Amounts receivable within one year | 40/41 | €449,567 | €80,349 | -€369,218 | -82.1% |
| Trade receivables | 40 | €431,800 | €62,598 | -€369,201 | -85.5% |
| Other amounts receivable | 41 | €17,768 | €17,751 | -€17 | -0.1% |
| Cash at bank and in hand | 54/58 | €319,213 | €24,489 | -€294,723 | -92.3% |
| Deferred charges and accrued income | 490/1 | €4,215 | - | -€4,215 | |
| Total equity and liabilities | 10/49 | €1,149,888 | €104,838 | -€1.0m | -90.9% |
| Equity | 10/15 | €464,453 | -€44,000 | -€508,453 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,029 | €197,029 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,228 | €57,228 | = | 0.0% |
| Distributable reserves | 133 | €137,941 | €137,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,824 | -€259,629 | -€508,453 | |
| Amounts payable | 17/49 | €685,435 | €148,838 | -€536,597 | -78.3% |
| Amounts payable after more than one year | 17 | €62,053 | - | -€62,053 | |
| Financial debts | 170/4 | €62,053 | - | -€62,053 | |
| Amounts payable within one year | 42/48 | €595,591 | €201 | -€595,390 | -100.0% |
| Current portion of amounts payable after more than one year | 42 | - | €201 | +€201 | |
| Trade debts | 44 | €395,271 | - | -€395,271 | |
| Suppliers | 440/4 | €395,271 | - | -€395,271 | |
| Taxes, remuneration and social security | 45 | €125,132 | - | -€125,132 | |
| Taxes | 450/3 | €64,708 | - | -€64,708 | |
| Remuneration and social security | 454/9 | €60,424 | - | -€60,424 | |
| Other amounts payable | 47/48 | €75,188 | - | -€75,188 | |
| Accrued charges and deferred income | 492/3 | €27,791 | €148,636 | +€120,845 | +435% |
| Remuneration, social security and pensions | 62 | €389,398 | €377,065 | -€12,333 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,848 | €3,582 | -€3,266 | -47.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€106,277 | -€24,929 | +€81,348 | +76.5% |
| Other operating charges | 640/8 | €7,241 | €127,730 | +€120,489 | +1,664% |
| Gross operating margin | 9900 | €141,191 | -€13,290 | -€154,481 | |
| Operating profit (loss) | 9901 | -€156,020 | -€496,738 | -€340,718 | -218% |
| Financial income | 75/76B | €1,496 | €21 | -€1,475 | -98.6% |
| Recurring financial income | 75 | €1,496 | €21 | -€1,475 | -98.6% |
| Financial charges | 65/66B | €10,369 | €11,535 | +€1,166 | +11.2% |
| Recurring financial charges | 65 | €10,369 | €11,535 | +€1,166 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€164,893 | -€508,251 | -€343,359 | -208% |
| Income taxes | 67/77 | €1,082 | €201 | -€881 | -81.4% |
| Profit (loss) for the period | 9904 | -€165,975 | -€508,453 | -€342,478 | -206% |
| Profit (loss) for the period to be appropriated | 9905 | -€165,975 | -€508,453 | -€342,478 | -206% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.