EXPARCH: 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.
EXPARCH
Largest movements
- Tangible fixed assets -€12,533
down €12,533 (-77.6%), from €16,142 to €3,609
of which Leasing and similar rights: -€11,789
- Receivables within one year +€9,939
up €9,939 (+8.6%), from €115,160 to €125,098
of which Other amounts receivable: +€12,552
- Cash -€7,605
down €7,605 (-60.0%), from €12,678 to €5,073
mainly Receivables within one year (-€9,939) and Tax, wage and social debts (-€7,648)
- Reserves +€8,500
up €8,500 (+10.1%), from €84,450 to €92,950
of which Distributable reserves: +€8,500
- Tax, wage and social debts -€7,648
down €7,648 (-40.5%), from €18,861 to €11,214
- Debts after one year -€5,647
no longer reported in 2025 (was €5,647)
- Current portion of long-term debt -€5,419
down €5,419 (-49.0%), from €11,066 to €5,647
- Gross operating margin +€5,323
up €5,323 (+37.2%), from €14,317 to €19,640
- Taxes +€1,732
up €1,732 (+119%), from €1,452 to €3,184
- Financial charges -€1,010
down €1,010 (-46.5%), from €2,173 to €1,163
- Depreciation -€499
down €499 (-3.8%), from €13,032 to €12,533
- Other operating charges -€336
down €336 (-38.6%), from €872 to €536
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 | €243,596 | €233,429 | -€10,167 | -4.2% |
| Fixed assets | 21/28 | €115,142 | €102,609 | -€12,533 | -10.9% |
| Intangible fixed assets | 21 | €99,000 | €99,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €16,142 | €3,609 | -€12,533 | -77.6% |
| Furniture and vehicles | 24 | €1,541 | €797 | -€744 | -48.3% |
| Leasing and similar rights | 25 | €14,601 | €2,812 | -€11,789 | -80.7% |
| Current assets | 29/58 | €128,453 | €130,819 | +€2,366 | +1.8% |
| Amounts receivable within one year | 40/41 | €115,160 | €125,098 | +€9,939 | +8.6% |
| Trade receivables | 40 | €3,373 | €760 | -€2,613 | -77.5% |
| Other amounts receivable | 41 | €111,787 | €124,339 | +€12,552 | +11.2% |
| Cash at bank and in hand | 54/58 | €12,678 | €5,073 | -€7,605 | -60.0% |
| Deferred charges and accrued income | 490/1 | €615 | €648 | +€33 | +5.3% |
| Total equity and liabilities | 10/49 | €243,596 | €233,429 | -€10,167 | -4.2% |
| Equity | 10/15 | €204,558 | €213,319 | +€8,760 | +4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €84,450 | €92,950 | +€8,500 | +10.1% |
| Non-distributable reserves | 130/1 | €4,450 | €4,450 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,450 | €4,450 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €88,500 | +€8,500 | +10.6% |
| Profit (loss) carried forward | 14 | €100,108 | €100,369 | +€260 | +0.3% |
| Amounts payable | 17/49 | €39,037 | €20,110 | -€18,927 | -48.5% |
| Amounts payable after more than one year | 17 | €5,647 | - | -€5,647 | |
| Financial debts | 170/4 | €5,647 | - | -€5,647 | |
| Amounts payable within one year | 42/48 | €33,390 | €20,110 | -€13,280 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €11,066 | €5,647 | -€5,419 | -49.0% |
| Trade debts | 44 | €3,463 | €3,249 | -€214 | -6.2% |
| Suppliers | 440/4 | €3,463 | €3,249 | -€214 | -6.2% |
| Taxes, remuneration and social security | 45 | €18,861 | €11,214 | -€7,648 | -40.5% |
| Taxes | 450/3 | €18,861 | €11,214 | -€7,648 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,032 | €12,533 | -€499 | -3.8% |
| Other operating charges | 640/8 | €872 | €536 | -€336 | -38.6% |
| Gross operating margin | 9900 | €14,317 | €19,640 | +€5,323 | +37.2% |
| Operating profit (loss) | 9901 | €413 | €6,571 | +€6,158 | +1,490% |
| Financial income | 75/76B | €6,576 | €6,536 | -€40 | -0.6% |
| Recurring financial income | 75 | €6,576 | €6,536 | -€40 | -0.6% |
| Financial charges | 65/66B | €2,173 | €1,163 | -€1,010 | -46.5% |
| Recurring financial charges | 65 | €2,173 | €1,163 | -€1,010 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €4,816 | €11,944 | +€7,128 | +148% |
| Income taxes | 67/77 | €1,452 | €3,184 | +€1,732 | +119% |
| Profit (loss) for the period | 9904 | €3,364 | €8,760 | +€5,396 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €3,364 | €8,760 | +€5,396 | +160% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.