DE EXPRESSO: 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.
DE EXPRESSO
Largest movements
- Financial fixed assets +€917,640
up €917,640 (+2.2%), from €42.1m to €43.1m
- Reserves +€494,074
up €494,074 (+1.1%), from €43.4m to €43.9m
- Financial income +€49,898
up €49,898 (+11.1%), from €447,613 to €497,511
- Other operating charges -€6,400
down €6,400 (-84.1%), from €7,609 to €1,208
- Gross operating margin +€4,134
up €4,134 (+65.4%), from -€6,318 to -€2,184
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 | €43,474,365 | €43,962,336 | +€487,970 | +1.1% |
| Fixed assets | 21/28 | €42,133,635 | €43,051,275 | +€917,640 | +2.2% |
| Financial fixed assets | 28 | €42,133,635 | €43,051,275 | +€917,640 | +2.2% |
| Current assets | 29/58 | €1,340,730 | €911,061 | -€429,670 | -32.0% |
| Amounts receivable within one year | 40/41 | €134,284 | €143,262 | +€8,978 | +6.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €134,284 | €143,262 | +€8,978 | +6.7% |
| Current investments | 50/53 | €1,179,640 | €753,738 | -€425,902 | -36.1% |
| Cash at bank and in hand | 54/58 | €26,807 | €14,061 | -€12,746 | -47.5% |
| Total equity and liabilities | 10/49 | €43,474,365 | €43,962,336 | +€487,970 | +1.1% |
| Equity | 10/15 | €43,466,157 | €43,960,231 | +€494,074 | +1.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €43,391,157 | €43,885,231 | +€494,074 | +1.1% |
| Distributable reserves | 133 | €43,391,157 | €43,885,231 | +€494,074 | +1.1% |
| Amounts payable | 17/49 | €8,208 | €2,105 | -€6,103 | -74.4% |
| Amounts payable within one year | 42/48 | €8,208 | €2,105 | -€6,103 | -74.4% |
| Trade debts | 44 | €8,208 | €2,105 | -€6,103 | -74.4% |
| Suppliers | 440/4 | €8,208 | €2,105 | -€6,103 | -74.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €7,609 | €1,208 | -€6,400 | -84.1% |
| Gross operating margin | 9900 | -€6,318 | -€2,184 | +€4,134 | +65.4% |
| Operating profit (loss) | 9901 | -€13,927 | -€3,392 | +€10,535 | +75.6% |
| Financial income | 75/76B | €447,613 | €497,511 | +€49,898 | +11.1% |
| Recurring financial income | 75 | €447,613 | €497,511 | +€49,898 | +11.1% |
| Financial charges | 65/66B | €96 | €45 | -€51 | -53.3% |
| Recurring financial charges | 65 | €96 | €45 | -€51 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €433,590 | €494,074 | +€60,484 | +13.9% |
| Profit (loss) for the period | 9904 | €433,590 | €494,074 | +€60,484 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €433,590 | €494,074 | +€60,484 | +13.9% |
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.