CASH EXPRESS DEV: 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.
What changed
CASH EXPRESS DEV
NACE 47.793, Retail sale of other second-hand goods, excluding clothing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€168,021
2024 · €158,131+€9,889
Equity
€1.1m
2024 · €950,946+€168,021
Cash
€546,154
2024 · €377,942+€168,212
Balance sheet total
€1.6m
2024 · €1.6m-€8,298
Largest movements
Assets
- Cash +€168,212
up €168,212 (+44.5%), from €377,942 to €546,154
mainly Net result for the year (+€168,021) and Stocks and contracts (+€96,264)
- Stocks and contracts -€96,264
down €96,264 (-14.8%), from €649,824 to €553,560
- Tangible fixed assets -€72,319
down €72,319 (-13.2%), from €548,641 to €476,322
of which Other tangible fixed assets: -€40,944
Equity and liabilities
- Other debts -€100,000
down €100,000 (-99.8%), from €100,180 to €180
- Profit (loss) carried forward +€88,021
up €88,021 (+17.5%), from €501,686 to €589,707
- Reserves +€80,000
up €80,000 (+18.3%), from €436,860 to €516,860
- Debts after one year -€62,731
down €62,731 (-27.6%), from €227,262 to €164,532
Income statement
- Gross operating margin +€22,704
up €22,704 (+2.6%), from €871,112 to €893,816
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
€158,131
Gross operating margin
+€22,704
Staff costs
+€195
Depreciation
-€3,317
Other operating charges
-€121
Other operating items
+€29
Financial income
-€2
Financial charges
-€5,212
Taxes
-€4,387
Result 2025
€168,021
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.
From operations
+€238,157
Investment
-€7,758
Financing
-€62,188
Cash 2024
€377,942
From operations (derived)
+€238,157
Net result for the year
+€168,021
Depreciation
+€80,077
Stocks and contracts
+€96,264
Receivables within one year
+€5,721
Deferred charges and accrued income
+€2,205
Trade debts
-€2,265
Tax, wage and social debts
-€11,866
Other debts
-€100,000
Investment (derived)
-€7,758
Investment in fixed assets (net)
-€7,758
Financing
-€62,188
Debts after one year
-€62,731
Current portion of long-term debt
+€898
Short-term financial debts
-€355
Cash 2025
€546,154
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,627,239 | €1,618,941 | -€8,298 | -0.5% |
| Fixed assets | 21/28 | €549,821 | €477,502 | -€72,319 | -13.2% |
| Tangible fixed assets | 22/27 | €548,641 | €476,322 | -€72,319 | -13.2% |
| Land and buildings | 22 | €325,802 | €309,557 | -€16,245 | -5.0% |
| Plant, machinery and equipment | 23 | €7,131 | €5,164 | -€1,967 | -27.6% |
| Furniture and vehicles | 24 | €38,719 | €25,556 | -€13,163 | -34.0% |
| Other tangible fixed assets | 26 | €176,988 | €136,044 | -€40,944 | -23.1% |
| Financial fixed assets | 28 | €1,180 | €1,180 | = | 0.0% |
| Current assets | 29/58 | €1,077,418 | €1,141,440 | +€64,022 | +5.9% |
| Stocks and contracts in progress | 3 | €649,824 | €553,560 | -€96,264 | -14.8% |
| Stocks | 30/36 | €649,824 | €553,560 | -€96,264 | -14.8% |
| Amounts receivable within one year | 40/41 | €35,439 | €29,718 | -€5,721 | -16.1% |
| Trade receivables | 40 | €6,412 | €14,270 | +€7,858 | +122.5% |
| Other amounts receivable | 41 | €29,027 | €15,448 | -€13,578 | -46.8% |
| Cash at bank and in hand | 54/58 | €377,942 | €546,154 | +€168,212 | +44.5% |
| Deferred charges and accrued income | 490/1 | €14,213 | €12,008 | -€2,205 | -15.5% |
| Total equity and liabilities | 10/49 | €1,627,239 | €1,618,941 | -€8,298 | -0.5% |
| Equity | 10/15 | €950,946 | €1,118,967 | +€168,021 | +17.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €436,860 | €516,860 | +€80,000 | +18.3% |
| Distributable reserves | 133 | €436,860 | €516,860 | +€80,000 | +18.3% |
| Profit (loss) carried forward | 14 | €501,686 | €589,707 | +€88,021 | +17.5% |
| Amounts payable | 17/49 | €676,293 | €499,975 | -€176,319 | -26.1% |
| Amounts payable after more than one year | 17 | €227,262 | €164,532 | -€62,731 | -27.6% |
| Financial debts | 170/4 | €227,262 | €164,532 | -€62,731 | -27.6% |
| Amounts payable within one year | 42/48 | €449,031 | €335,443 | -€113,588 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €61,832 | €62,731 | +€898 | +1.5% |
| Financial debts | 43 | €6,912 | €6,556 | -€355 | -5.1% |
| Credit institutions | 430/8 | €6,912 | €6,556 | -€355 | -5.1% |
| Trade debts | 44 | €36,955 | €34,690 | -€2,265 | -6.1% |
| Suppliers | 440/4 | €36,955 | €34,690 | -€2,265 | -6.1% |
| Taxes, remuneration and social security | 45 | €243,152 | €231,286 | -€11,866 | -4.9% |
| Taxes | 450/3 | €156,765 | €142,977 | -€13,787 | -8.8% |
| Remuneration and social security | 454/9 | €86,387 | €88,309 | +€1,922 | +2.2% |
| Other amounts payable | 47/48 | €100,180 | €180 | -€100,000 | -99.8% |
| Non-recurring operating income | 76A | - | €3,641 | +€3,641 | |
| Remuneration, social security and pensions | 62 | €548,852 | €548,658 | -€195 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,760 | €80,077 | +€3,317 | +4.3% |
| Other operating charges | 640/8 | €10,163 | €10,284 | +€121 | +1.2% |
| Non-recurring operating charges | 66A | €29 | - | -€29 | |
| Gross operating margin | 9900 | €871,112 | €893,816 | +€22,704 | +2.6% |
| Operating profit (loss) | 9901 | €235,307 | €254,797 | +€19,490 | +8.3% |
| Financial income | 75/76B | €12 | €9 | -€2 | -20.6% |
| Recurring financial income | 75 | €12 | €9 | -€2 | -20.6% |
| Financial charges | 65/66B | €22,083 | €27,295 | +€5,212 | +23.6% |
| Recurring financial charges | 65 | €22,083 | €27,295 | +€5,212 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €213,236 | €227,511 | +€14,276 | +6.7% |
| Income taxes | 67/77 | €55,104 | €59,491 | +€4,387 | +8.0% |
| Profit (loss) for the period | 9904 | €158,131 | €168,021 | +€9,889 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €158,131 | €168,021 | +€9,889 | +6.3% |
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 5 October 2026 via checked.be.