EXPAS: 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.
EXPAS
Largest movements
- Cash -€18,042
down €18,042 (-81.9%), from €22,029 to €3,987
mainly Trade debts (-€15,028) and Deferred charges and accrued income (-€13,980)
- Deferred charges and accrued income +€13,980
up €13,980 (+1240.5%), from €1,127 to €15,107
- Receivables within one year -€9,515
down €9,515 (-26.2%), from €36,345 to €26,830
of which Trade receivables: -€12,283
- Trade debts -€15,028
down €15,028 (-57.0%), from €26,349 to €11,321
- Reserves +€4,479
up €4,479 (+21.6%), from €20,693 to €25,172
- Tax, wage and social debts -€3,528
down €3,528 (-30.4%), from €11,614 to €8,086
- Financial charges +€3,662
up €3,662 (+147.5%), from €2,483 to €6,146
- Other operating charges -€2,906
down €2,906 (-38.1%), from €7,628 to €4,722
- Gross operating margin -€1,389
down €1,389 (-6.6%), from €21,030 to €19,641
- Financial income +€811
up €811 (+3002.9%), from €27 to €838
- Taxes +€327
up €327 (+7.6%), from €4,306 to €4,633
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 | €61,656 | €47,579 | -€14,077 | -22.8% |
| Fixed assets | 21/28 | €2,154 | €1,655 | -€499 | -23.2% |
| Tangible fixed assets | 22/27 | €2,154 | €1,655 | -€499 | -23.2% |
| Furniture and vehicles | 24 | €2,154 | €1,655 | -€499 | -23.2% |
| Current assets | 29/58 | €59,502 | €45,924 | -€13,578 | -22.8% |
| Amounts receivable within one year | 40/41 | €36,345 | €26,830 | -€9,515 | -26.2% |
| Trade receivables | 40 | €17,453 | €5,170 | -€12,283 | -70.4% |
| Other amounts receivable | 41 | €18,893 | €21,661 | +€2,768 | +14.6% |
| Cash at bank and in hand | 54/58 | €22,029 | €3,987 | -€18,042 | -81.9% |
| Deferred charges and accrued income | 490/1 | €1,127 | €15,107 | +€13,980 | +1240.5% |
| Total equity and liabilities | 10/49 | €61,656 | €47,579 | -€14,077 | -22.8% |
| Equity | 10/15 | €23,693 | €28,172 | +€4,479 | +18.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,693 | €25,172 | +€4,479 | +21.6% |
| Distributable reserves | 133 | €20,693 | €25,172 | +€4,479 | +21.6% |
| Amounts payable | 17/49 | €37,963 | €19,407 | -€18,556 | -48.9% |
| Amounts payable within one year | 42/48 | €37,963 | €19,407 | -€18,556 | -48.9% |
| Trade debts | 44 | €26,349 | €11,321 | -€15,028 | -57.0% |
| Suppliers | 440/4 | €26,349 | €11,321 | -€15,028 | -57.0% |
| Taxes, remuneration and social security | 45 | €11,614 | €8,086 | -€3,528 | -30.4% |
| Taxes | 450/3 | €11,614 | €8,086 | -€3,528 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €499 | +€200 | +67.0% |
| Other operating charges | 640/8 | €7,628 | €4,722 | -€2,906 | -38.1% |
| Gross operating margin | 9900 | €21,030 | €19,641 | -€1,389 | -6.6% |
| Operating profit (loss) | 9901 | €13,103 | €14,420 | +€1,317 | +10.1% |
| Financial income | 75/76B | €27 | €838 | +€811 | +3002.9% |
| Recurring financial income | 75 | €27 | €838 | +€811 | +3002.9% |
| Financial charges | 65/66B | €2,483 | €6,146 | +€3,662 | +147.5% |
| Recurring financial charges | 65 | €2,483 | €6,146 | +€3,662 | +147.5% |
| Profit (loss) for the period before taxes | 9903 | €10,646 | €9,112 | -€1,534 | -14.4% |
| Income taxes | 67/77 | €4,306 | €4,633 | +€327 | +7.6% |
| Profit (loss) for the period | 9904 | €6,340 | €4,479 | -€1,861 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,340 | €4,479 | -€1,861 | -29.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.