EXP+: 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.
EXP+
Largest movements
- Receivables within one year +€109,717
up €109,717 (+243.7%), from €45,023 to €154,740
- Cash +€56,894
up €56,894 (+994.5%), from €5,721 to €62,615
mainly Net result for the year (+€120,075) and Other debts (+€21,219)
- Profit (loss) carried forward +€120,075
up €120,075 (+146.4%), from €82,034 to €202,109
- Other debts +€21,219
up €21,219 (+152985.8%), from €14 to €21,233
- Tax, wage and social debts +€20,000
up €20,000 (+80.0%), from €25,000 to €45,000
- Trade debts +€3,345
up €3,345 (+138.6%), from €2,413 to €5,758
- Turnover +€725,002
up €725,002 (+90.6%), from €800,324 to €1.5m
- Purchases and services +€657,668
up €657,668 (+97.9%), from €672,079 to €1.3m
- Gross operating margin +€67,330
up €67,330 (+52.5%), from €128,249 to €195,579
- Taxes +€20,000
up €20,000 (+80.0%), from €25,000 to €45,000
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.
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 | €112,461 | €277,100 | +€164,639 | +146.4% |
| Fixed assets | 21/28 | €61,717 | €59,745 | -€1,972 | -3.2% |
| Tangible fixed assets | 22/27 | €61,639 | €59,667 | -€1,972 | -3.2% |
| Plant, machinery and equipment | 23 | €10,022 | €8,525 | -€1,497 | -14.9% |
| Furniture and vehicles | 24 | €36,588 | €40,888 | +€4,300 | +11.8% |
| Other tangible fixed assets | 26 | €15,029 | €10,254 | -€4,775 | -31.8% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €50,744 | €217,355 | +€166,611 | +328.3% |
| Amounts receivable within one year | 40/41 | €45,023 | €154,740 | +€109,717 | +243.7% |
| Trade receivables | 40 | €45,023 | €154,740 | +€109,717 | +243.7% |
| Cash at bank and in hand | 54/58 | €5,721 | €62,615 | +€56,894 | +994.5% |
| Total equity and liabilities | 10/49 | €112,461 | €277,100 | +€164,639 | +146.4% |
| Equity | 10/15 | €85,034 | €205,109 | +€120,075 | +141.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,034 | €202,109 | +€120,075 | +146.4% |
| Amounts payable | 17/49 | €27,427 | €71,991 | +€44,564 | +162.5% |
| Amounts payable within one year | 42/48 | €27,427 | €71,991 | +€44,564 | +162.5% |
| Trade debts | 44 | €2,413 | €5,758 | +€3,345 | +138.6% |
| Suppliers | 440/4 | €2,413 | €5,758 | +€3,345 | +138.6% |
| Taxes, remuneration and social security | 45 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Taxes | 450/3 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Other amounts payable | 47/48 | €14 | €21,233 | +€21,219 | +152985.8% |
| Turnover | 70 | €800,324 | €1,525,326 | +€725,002 | +90.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €672,079 | €1,329,747 | +€657,668 | +97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,521 | €18,576 | +€3,055 | +19.7% |
| Other operating charges | 640/8 | €12,366 | €11,441 | -€925 | -7.5% |
| Gross operating margin | 9900 | €128,249 | €195,579 | +€67,330 | +52.5% |
| Operating profit (loss) | 9901 | €100,362 | €165,562 | +€65,200 | +65.0% |
| Financial charges | 65/66B | €358 | €487 | +€129 | +36.0% |
| Recurring financial charges | 65 | €358 | €487 | +€129 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €100,004 | €165,075 | +€65,071 | +65.1% |
| Income taxes | 67/77 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Profit (loss) for the period | 9904 | €75,004 | €120,075 | +€45,071 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,004 | €120,075 | +€45,071 | +60.1% |
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 6 October 2026 via checked.be.