MEXODUS: 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.
MEXODUS
Largest movements
- Tangible fixed assets +€79,386
up €79,386 (+656.0%), from €12,101 to €91,487
of which Furniture and vehicles: +€80,169
- Intangible fixed assets -€18,500
down €18,500 (-12.6%), from €146,480 to €127,980
- Reserves +€59,016
up €59,016 (+368.9%), from €16,000 to €75,016
- Other debts +€19,260
up €19,260 (+11.3%), from €169,777 to €189,037
- Profit (loss) carried forward -€16,392
no longer reported in 2025 (was €16,392)
- Gross operating margin +€13,008
up €13,008 (+11.3%), from €114,907 to €127,915
- Depreciation +€5,823
up €5,823 (+23.9%), from €24,394 to €30,217
- Staff costs +€1,398
up €1,398 (+3.4%), from €40,632 to €42,030
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 | €213,364 | €275,708 | +€62,344 | +29.2% |
| Fixed assets | 21/28 | €158,581 | €219,467 | +€60,886 | +38.4% |
| Intangible fixed assets | 21 | €146,480 | €127,980 | -€18,500 | -12.6% |
| Tangible fixed assets | 22/27 | €12,101 | €91,487 | +€79,386 | +656.0% |
| Plant, machinery and equipment | 23 | €3,914 | €3,131 | -€783 | -20.0% |
| Furniture and vehicles | 24 | €8,187 | €88,356 | +€80,169 | +979.2% |
| Current assets | 29/58 | €54,783 | €56,241 | +€1,458 | +2.7% |
| Amounts receivable within one year | 40/41 | €4,144 | €4,898 | +€754 | +18.2% |
| Trade receivables | 40 | €3,743 | €4,815 | +€1,072 | +28.6% |
| Other amounts receivable | 41 | €401 | €83 | -€318 | -79.3% |
| Cash at bank and in hand | 54/58 | €46,395 | €45,718 | -€677 | -1.5% |
| Deferred charges and accrued income | 490/1 | €4,244 | €5,625 | +€1,381 | +32.5% |
| Total equity and liabilities | 10/49 | €213,364 | €275,708 | +€62,344 | +29.2% |
| Equity | 10/15 | €35,392 | €78,016 | +€42,624 | +120.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €75,016 | +€59,016 | +368.9% |
| Distributable reserves | 133 | €16,000 | €75,016 | +€59,016 | +368.9% |
| Profit (loss) carried forward | 14 | €16,392 | - | -€16,392 | |
| Amounts payable | 17/49 | €177,972 | €197,692 | +€19,720 | +11.1% |
| Amounts payable within one year | 42/48 | €177,972 | €197,692 | +€19,720 | +11.1% |
| Trade debts | 44 | €2,125 | €2,246 | +€121 | +5.7% |
| Suppliers | 440/4 | €2,125 | €2,246 | +€121 | +5.7% |
| Taxes, remuneration and social security | 45 | €6,070 | €6,409 | +€339 | +5.6% |
| Remuneration and social security | 454/9 | €6,070 | €6,409 | +€339 | +5.6% |
| Other amounts payable | 47/48 | €169,777 | €189,037 | +€19,260 | +11.3% |
| Remuneration, social security and pensions | 62 | €40,632 | €42,030 | +€1,398 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,394 | €30,217 | +€5,823 | +23.9% |
| Other operating charges | 640/8 | €810 | €865 | +€55 | +6.8% |
| Gross operating margin | 9900 | €114,907 | €127,915 | +€13,008 | +11.3% |
| Operating profit (loss) | 9901 | €49,071 | €54,803 | +€5,732 | +11.7% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €114 | €111 | -€3 | -2.6% |
| Recurring financial charges | 65 | €114 | €111 | -€3 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €48,959 | €54,692 | +€5,733 | +11.7% |
| Income taxes | 67/77 | €10,810 | €12,069 | +€1,259 | +11.6% |
| Profit (loss) for the period | 9904 | €38,149 | €42,623 | +€4,474 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,149 | €42,623 | +€4,474 | +11.7% |
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 12 October 2026 via checked.be.