E.G. EXPRESS: 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.
E.G. EXPRESS
Largest movements
- Cash -€47,921
down €47,921 (-10.6%), from €454,035 to €406,113
mainly Investment in fixed assets (net) (-€76,115) and Contributions, distributions and other (-€65,133)
- Tangible fixed assets +€17,700
up €17,700 (+5.7%), from €313,044 to €330,744
of which Furniture and vehicles: +€32,368
- Reserves +€31,273
up €31,273 (+5.3%), from €591,310 to €622,584
of which Distributable reserves: +€43,528
- Debts after one year -€26,678
down €26,678 (-21.4%), from €124,479 to €97,801
- Trade debts -€13,270
down €13,270 (-51.4%), from €25,838 to €12,567
- Other operating charges -€168,792
down €168,792 (-90.5%), from €186,445 to €17,653
- Gross operating margin -€122,603
down €122,603 (-34.9%), from €350,849 to €228,246
- Depreciation +€16,624
up €16,624 (+39.8%), from €41,791 to €58,415
- Taxes -€5,871
down €5,871 (-9.3%), from €62,871 to €57,000
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 | €845,009 | €820,624 | -€24,385 | -2.9% |
| Fixed assets | 21/28 | €314,130 | €331,830 | +€17,700 | +5.6% |
| Tangible fixed assets | 22/27 | €313,044 | €330,744 | +€17,700 | +5.7% |
| Land and buildings | 22 | €139,552 | €147,583 | +€8,031 | +5.8% |
| Plant, machinery and equipment | 23 | €2,318 | €1,190 | -€1,129 | -48.7% |
| Furniture and vehicles | 24 | €122,317 | €154,684 | +€32,368 | +26.5% |
| Leasing and similar rights | 25 | €48,857 | €27,287 | -€21,570 | -44.1% |
| Financial fixed assets | 28 | €1,087 | €1,087 | = | 0.0% |
| Current assets | 29/58 | €530,879 | €488,794 | -€42,085 | -7.9% |
| Amounts receivable within one year | 40/41 | €64,448 | €72,738 | +€8,289 | +12.9% |
| Trade receivables | 40 | €64,235 | €71,639 | +€7,405 | +11.5% |
| Other amounts receivable | 41 | €214 | €1,098 | +€884 | +414% |
| Cash at bank and in hand | 54/58 | €454,035 | €406,113 | -€47,921 | -10.6% |
| Deferred charges and accrued income | 490/1 | €12,396 | €9,943 | -€2,453 | -19.8% |
| Total equity and liabilities | 10/49 | €845,009 | €820,624 | -€24,385 | -2.9% |
| Equity | 10/15 | €609,910 | €641,184 | +€31,273 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €591,310 | €622,584 | +€31,273 | +5.3% |
| 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 | €57,622 | €45,368 | -€12,254 | -21.3% |
| Distributable reserves | 133 | €531,828 | €575,356 | +€43,528 | +8.2% |
| Provisions and deferred taxes | 16 | €19,207 | €15,123 | -€4,085 | -21.3% |
| Deferred taxes | 168 | €19,207 | €15,123 | -€4,085 | -21.3% |
| Amounts payable | 17/49 | €215,892 | €164,318 | -€51,574 | -23.9% |
| Amounts payable after more than one year | 17 | €124,479 | €97,801 | -€26,678 | -21.4% |
| Financial debts | 170/4 | €124,479 | €97,801 | -€26,678 | -21.4% |
| Amounts payable within one year | 42/48 | €91,213 | €63,965 | -€27,248 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €35,021 | €26,678 | -€8,343 | -23.8% |
| Trade debts | 44 | €25,838 | €12,567 | -€13,270 | -51.4% |
| Suppliers | 440/4 | €25,838 | €12,567 | -€13,270 | -51.4% |
| Taxes, remuneration and social security | 45 | €30,139 | €24,720 | -€5,420 | -18.0% |
| Taxes | 450/3 | €24,415 | €18,268 | -€6,146 | -25.2% |
| Remuneration and social security | 454/9 | €5,724 | €6,451 | +€727 | +12.7% |
| Other amounts payable | 47/48 | €214 | - | -€214 | |
| Accrued charges and deferred income | 492/3 | €200 | €2,552 | +€2,352 | +1,176% |
| Remuneration, social security and pensions | 62 | €108 | - | -€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,791 | €58,415 | +€16,624 | +39.8% |
| Other operating charges | 640/8 | €186,445 | €17,653 | -€168,792 | -90.5% |
| Gross operating margin | 9900 | €350,849 | €228,246 | -€122,603 | -34.9% |
| Operating profit (loss) | 9901 | €122,505 | €152,178 | +€29,673 | +24.2% |
| Financial income | 75/76B | €19 | €3 | -€16 | -82.3% |
| Recurring financial income | 75 | €19 | €3 | -€16 | -82.3% |
| Financial charges | 65/66B | €3,721 | €2,860 | -€861 | -23.1% |
| Recurring financial charges | 65 | €3,721 | €2,860 | -€861 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €118,803 | €149,322 | +€30,519 | +25.7% |
| Transfer from deferred taxes | 780 | €32,493 | €4,085 | -€28,408 | -87.4% |
| Transfer to deferred taxes | 680 | €14,216 | - | -€14,216 | |
| Income taxes | 67/77 | €62,871 | €57,000 | -€5,871 | -9.3% |
| Profit (loss) for the period | 9904 | €74,210 | €96,407 | +€22,197 | +29.9% |
| Transfer from tax-exempt reserves | 789 | €97,480 | €12,254 | -€85,225 | -87.4% |
| Transfer to tax-exempt reserves | 689 | €42,647 | - | -€42,647 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,042 | €108,661 | -€20,381 | -15.8% |
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 14 October 2026 via checked.be.