Brussels Expo: 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.
What changed
Brussels Expo
NACE 82.300, Organisation of conventions and trade shows
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6.6m
2024 · €7.2m-€557,573
Equity
€68.6m
2024 · €55.3m+€13.3m
Cash
€45.9m
2024 · €30.6m+€15.3m
Balance sheet total
€106.0m
2024 · €90.2m+€15.8m
Largest movements
Assets
- Cash +€15.3m
up €15.3m (+50.1%), from €30.6m to €45.9m
mainly Contributions, distributions and other (+€6.7m) and Net result for the year (+€6.6m)
- Tangible fixed assets -€1.2m
down €1.2m (-2.5%), from €48.0m to €46.8m
of which Other tangible fixed assets: -€3.1m
- Receivables within one year +€1.1m
up €1.1m (+13.1%), from €8.4m to €9.5m
of which Other amounts receivable: +€2.3m
Equity and liabilities
- Investment grants +€6.7m
up €6.7m (+79.7%), from €8.4m to €15.0m
- Profit (loss) carried forward +€6.6m
up €6.6m (+170%), from €3.9m to €10.5m
- Accrued charges and deferred income +€2.9m
up €2.9m (+58.0%), from €4.9m to €7.8m
- Debts after one year -€1.4m
down €1.4m (-10.7%), from €13.1m to €11.7m
Income statement
- Turnover +€11.9m
up €11.9m (+23.8%), from €50.0m to €61.9m
- Services and other goods +€10.6m
up €10.6m (+45.0%), from €23.6m to €34.3m
- Financial income -€5.0m
down €5.0m (-90.0%), from €5.5m to €551,844
of which Non-recurring financial income: -€4.9m
- Financial charges -€5.0m
down €5.0m (-95.8%), from €5.2m to €217,486
of which Non-recurring financial charges: -€4.9m
- Write-downs +€783,476
up €783,476 (+425%), from €184,371 to €967,847
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.
Result 2024
€7.2m
Turnover
+€11.9m
Other operating income
+€551,930
Goods and materials
+€97,869
Services and other goods
-€10.6m
Staff costs
+€731,163
Depreciation
+€299,150
Write-downs
-€783,476
Other operating charges
-€146,372
Other operating items
-€2.4m
Financial income
-€5.0m
Financial charges
+€5.0m
Taxes
-€106,290
Result 2025
€6.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€12.4m
Investment
-€2.4m
Financing
+€5.3m
Cash 2024
€30.6m
From operations (derived)
+€12.4m
Net result for the year
+€6.6m
Depreciation
+€3.6m
Receivables after one year
-€800,000
Stocks and contracts
-€38,725
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€267,108
Provisions
-€30,000
Debts within one year
+€1.1m
Accrued charges and deferred income
+€2.9m
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€5.3m
Debts after one year
-€1.4m
Contributions, distributions and other
+€6.7m
Cash 2025
€45.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,239,957 | €106,015,621 | +€15.8m | +17.5% |
| Fixed assets | 21/28 | €50,106,563 | €48,894,607 | -€1.2m | -2.4% |
| Tangible fixed assets | 22/27 | €47,966,229 | €46,754,273 | -€1.2m | -2.5% |
| Land and buildings | 22 | €2,331,063 | €2,331,063 | +€0 | 0.0% |
| Plant, machinery and equipment | 23 | €78,200 | €59,218 | -€18,982 | -24.3% |
| Furniture and vehicles | 24 | €57,106 | €292,056 | +€234,950 | +411% |
| Other tangible fixed assets | 26 | €45,499,859 | €42,356,206 | -€3.1m | -6.9% |
| Assets under construction and advance payments | 27 | - | €1,715,730 | +€1.7m | |
| Financial fixed assets | 28 | €2,140,334 | €2,140,334 | -€0 | 0.0% |
| Affiliated companies | 280/1 | €2,123,000 | €2,123,000 | = | 0.0% |
| Participating interests | 280 | €2,123,000 | €2,123,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Amounts receivable | 283 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €17,334 | €17,334 | -€0 | 0.0% |
| Shares | 284 | €1,260 | €1,260 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €16,074 | €16,074 | -€0 | 0.0% |
| Current assets | 29/58 | €40,133,395 | €57,121,014 | +€17.0m | +42.3% |
| Amounts receivable after more than one year | 29 | - | €800,000 | +€800,000 | |
| Other amounts receivable | 291 | - | €800,000 | +€800,000 | |
| Stocks and contracts in progress | 3 | €172,574 | €211,299 | +€38,725 | +22.4% |
| Stocks | 30/36 | €172,574 | €211,299 | +€38,725 | +22.4% |
| Raw materials and consumables | 30/31 | €172,574 | €211,299 | +€38,725 | +22.4% |
| Amounts receivable within one year | 40/41 | €8,444,217 | €9,546,415 | +€1.1m | +13.1% |
| Trade receivables | 40 | €8,260,462 | €7,091,221 | -€1.2m | -14.2% |
| Other amounts receivable | 41 | €183,755 | €2,455,194 | +€2.3m | +1,236% |
| Cash at bank and in hand | 54/58 | €30,594,674 | €45,908,479 | +€15.3m | +50.1% |
| Deferred charges and accrued income | 490/1 | €921,929 | €654,821 | -€267,108 | -29.0% |
| Total equity and liabilities | 10/49 | €90,239,957 | €106,015,621 | +€15.8m | +17.5% |
| Equity | 10/15 | €55,264,636 | €68,558,970 | +€13.3m | +24.1% |
| Contributions | 10/11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Capital | 10 | €8,000,000 | €8,000,000 | = | 0.0% |
| Reserves | 13 | €35,000,000 | €35,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,894,107 | €10,519,974 | +€6.6m | +170% |
| Investment grants | 15 | €8,370,529 | €15,038,996 | +€6.7m | +79.7% |
| Provisions and deferred taxes | 16 | €478,655 | €448,655 | -€30,000 | -6.3% |
| Provisions for liabilities and charges | 160/5 | €478,655 | €448,655 | -€30,000 | -6.3% |
| Other liabilities and charges | 164/5 | €478,655 | €448,655 | -€30,000 | -6.3% |
| Amounts payable | 17/49 | €34,496,667 | €37,007,996 | +€2.5m | +7.3% |
| Amounts payable after more than one year | 17 | €13,076,324 | €11,683,569 | -€1.4m | -10.7% |
| Financial debts | 170/4 | €13,076,324 | €11,683,569 | -€1.4m | -10.7% |
| Credit institutions | 173 | €10,076,324 | €8,683,569 | -€1.4m | -13.8% |
| Other loans | 174 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,507,846 | €17,561,034 | +€1.1m | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €1,372,323 | €1,392,754 | +€20,431 | +1.5% |
| Trade debts | 44 | €12,474,801 | €12,558,918 | +€84,117 | +0.7% |
| Suppliers | 440/4 | €12,474,801 | €12,558,918 | +€84,117 | +0.7% |
| Advances received on contracts in progress | 46 | €61,135 | - | -€61,135 | |
| Taxes, remuneration and social security | 45 | €1,373,083 | €1,872,658 | +€499,575 | +36.4% |
| Taxes | 450/3 | €239,829 | €858,392 | +€618,563 | +258% |
| Remuneration and social security | 454/9 | €1,133,254 | €1,014,266 | -€118,988 | -10.5% |
| Accrued charges and deferred income | 492/3 | €4,912,497 | €7,763,393 | +€2.9m | +58.0% |
| Operating income | 70/76A | €51,932,300 | €64,580,588 | +€12.6m | +24.4% |
| Turnover | 70 | €50,013,113 | €61,925,524 | +€11.9m | +23.8% |
| Membership fees, donations, legacies and grants | 73 | €1,104,384 | €1,237,617 | +€133,233 | +12.1% |
| Other operating income | 74 | €801,265 | €1,353,195 | +€551,930 | +68.9% |
| Non-recurring operating income | 76A | €13,538 | €64,252 | +€50,714 | +375% |
| Operating charges | 60/66A | €45,246,150 | €58,322,309 | +€13.1m | +28.9% |
| Goods for resale, raw materials and consumables | 60 | €12,553,090 | €12,455,221 | -€97,869 | -0.8% |
| Purchases | 600/8 | €12,584,944 | €12,493,946 | -€90,998 | -0.7% |
| Change in stocks: decrease (increase) | 609 | -€31,854 | -€38,725 | -€6,871 | -21.6% |
| Services and other goods | 61 | €23,647,345 | €34,291,866 | +€10.6m | +45.0% |
| Remuneration, social security and pensions | 62 | €5,873,467 | €5,142,304 | -€731,163 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,902,087 | €3,602,937 | -€299,150 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €184,371 | €967,847 | +€783,476 | +425% |
| Other operating charges | 640/8 | €1,661,272 | €1,807,644 | +€146,372 | +8.8% |
| Non-recurring operating charges | 66A | €29,507 | €84,490 | +€54,983 | +186% |
| Operating profit (loss) | 9901 | €6,686,151 | €6,258,279 | -€427,872 | -6.4% |
| Financial income | 75/76B | €5,544,813 | €551,844 | -€5.0m | -90.0% |
| Recurring financial income | 75 | €599,113 | €551,844 | -€47,269 | -7.9% |
| Income from current assets | 751 | €6,484 | €5,954 | -€530 | -8.2% |
| Other financial income | 752/9 | €592,629 | €545,890 | -€46,739 | -7.9% |
| Non-recurring financial income | 76B | €4,945,700 | - | -€4.9m | |
| Financial charges | 65/66B | €5,187,043 | €217,486 | -€5.0m | -95.8% |
| Recurring financial charges | 65 | €241,344 | €217,486 | -€23,858 | -9.9% |
| Debt charges | 650 | €214,453 | €189,175 | -€25,278 | -11.8% |
| Other financial charges | 652/9 | €26,891 | €28,311 | +€1,420 | +5.3% |
| Non-recurring financial charges | 66B | €4,945,700 | - | -€4.9m | |
| Profit (loss) for the period before taxes | 9903 | €7,043,920 | €6,592,637 | -€451,283 | -6.4% |
| Income taxes | 67/77 | -€139,520 | -€33,230 | +€106,290 | +76.2% |
| Taxes | 670/3 | - | €5,000 | +€5,000 | |
| Tax adjustments and reversals of tax provisions | 77 | €139,520 | €38,230 | -€101,290 | -72.6% |
| Profit (loss) for the period | 9904 | €7,183,440 | €6,625,867 | -€557,573 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,183,440 | €6,625,867 | -€557,573 | -7.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.