Expanse: 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.
Expanse
Largest movements
- Cash +€33,434
up €33,434 (+564.7%), from €5,921 to €39,355
mainly Trade debts (+€33,150) and Other debts (+€11,731)
- Stocks and contracts +€31,720
up €31,720 (+144.6%), from €21,942 to €53,662
- Receivables within one year -€9,851
no longer reported in 2025 (was €9,851)
of which Trade receivables: -€9,787
- Trade debts +€33,150
up €33,150 (+154.5%), from €21,453 to €54,603
- Other debts +€11,731
up €11,731 (+90.2%), from €13,003 to €24,734
- Profit (loss) carried forward +€6,732
up €6,732 (+10.1%), from -€66,369 to -€59,637
- Tax, wage and social debts +€3,840
up €3,840 (+210.2%), from €1,827 to €5,667
- Gross operating margin +€34,924
up €34,924 (+1435.4%), from €2,433 to €37,357
- Staff costs +€26,878
new in 2025: €26,878
- Taxes +€1,682
up €1,682 (+406.3%), from €414 to €2,096
- Financial charges +€648
up €648 (+114.1%), from €568 to €1,216
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 | €37,714 | €93,167 | +€55,453 | +147.0% |
| Fixed assets | 21/28 | - | €150 | +€150 | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €37,714 | €93,017 | +€55,303 | +146.6% |
| Stocks and contracts in progress | 3 | €21,942 | €53,662 | +€31,720 | +144.6% |
| Stocks | 30/36 | €21,942 | €53,662 | +€31,720 | +144.6% |
| Amounts receivable within one year | 40/41 | €9,851 | - | -€9,851 | |
| Trade receivables | 40 | €9,787 | - | -€9,787 | |
| Other amounts receivable | 41 | €64 | - | -€64 | |
| Cash at bank and in hand | 54/58 | €5,921 | €39,355 | +€33,434 | +564.7% |
| Total equity and liabilities | 10/49 | €37,714 | €93,167 | +€55,453 | +147.0% |
| Equity | 10/15 | -€36,569 | -€29,837 | +€6,732 | +18.4% |
| Contributions | 10/11 | €29,800 | €29,800 | = | 0.0% |
| Capital | 10 | - | €29,800 | +€29,800 | |
| Issued capital | 100 | - | €29,800 | +€29,800 | |
| Profit (loss) carried forward | 14 | -€66,369 | -€59,637 | +€6,732 | +10.1% |
| Amounts payable | 17/49 | €74,283 | €123,004 | +€48,721 | +65.6% |
| Amounts payable after more than one year | 17 | €38,000 | €38,000 | = | 0.0% |
| Financial debts | 170/4 | €38,000 | €38,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,283 | €85,004 | +€48,721 | +134.3% |
| Trade debts | 44 | €21,453 | €54,603 | +€33,150 | +154.5% |
| Suppliers | 440/4 | €21,453 | €54,603 | +€33,150 | +154.5% |
| Taxes, remuneration and social security | 45 | €1,827 | €5,667 | +€3,840 | +210.2% |
| Taxes | 450/3 | €1,827 | €5,667 | +€3,840 | +210.2% |
| Other amounts payable | 47/48 | €13,003 | €24,734 | +€11,731 | +90.2% |
| Remuneration, social security and pensions | 62 | - | €26,878 | +€26,878 | |
| Other operating charges | 640/8 | €175 | €435 | +€260 | +148.6% |
| Gross operating margin | 9900 | €2,433 | €37,357 | +€34,924 | +1435.4% |
| Operating profit (loss) | 9901 | €2,258 | €10,044 | +€7,786 | +344.8% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €568 | €1,216 | +€648 | +114.1% |
| Recurring financial charges | 65 | €568 | €1,216 | +€648 | +114.1% |
| Profit (loss) for the period before taxes | 9903 | €1,700 | €8,828 | +€7,128 | +419.3% |
| Income taxes | 67/77 | €414 | €2,096 | +€1,682 | +406.3% |
| Profit (loss) for the period | 9904 | €1,286 | €6,732 | +€5,446 | +423.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,286 | €6,732 | +€5,446 | +423.5% |
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 4 October 2026 via checked.be.