EXPAT & C°: 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.
EXPAT & C°
Largest movements
- Cash +€107,480
up €107,480 (+5.3%), from €2.0m to €2.1m
mainly Net result for the year (+€320,443) and Other debts (+€313,398)
- Intangible fixed assets -€83,556
down €83,556 (-30.5%), from €274,178 to €190,622
- Receivables within one year -€53,080
down €53,080 (-63.3%), from €83,863 to €30,783
of which Other amounts receivable: -€28,857
- Profit (loss) carried forward -€370,163
down €370,163 (-60.4%), from €613,295 to €243,131
- Other debts +€313,398
up €313,398 (+13.2%), from €2.4m to €2.7m
- Trade debts +€57,785
up €57,785 (+107%), from €54,200 to €111,985
- Staff costs +€141,728
up €141,728 (+122%), from €115,817 to €257,546
- Gross operating margin +€116,029
up €116,029 (+17.4%), from €666,933 to €782,962
- Financial income -€19,582
down €19,582 (-69.2%), from €28,295 to €8,712
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 | €3,123,856 | €3,094,433 | -€29,423 | -0.9% |
| Fixed assets | 21/28 | €275,564 | €191,740 | -€83,823 | -30.4% |
| Intangible fixed assets | 21 | €274,178 | €190,622 | -€83,556 | -30.5% |
| Tangible fixed assets | 22/27 | €526 | €259 | -€267 | -50.8% |
| Plant, machinery and equipment | 23 | €16 | - | -€16 | |
| Furniture and vehicles | 24 | €510 | €259 | -€251 | -49.2% |
| Financial fixed assets | 28 | €860 | €860 | = | 0.0% |
| Current assets | 29/58 | €2,848,293 | €2,902,693 | +€54,400 | +1.9% |
| Amounts receivable within one year | 40/41 | €83,863 | €30,783 | -€53,080 | -63.3% |
| Trade receivables | 40 | €24,223 | €0 | -€24,223 | -100.0% |
| Other amounts receivable | 41 | €59,639 | €30,783 | -€28,857 | -48.4% |
| Current investments | 50/53 | €736,160 | €736,160 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,028,270 | €2,135,750 | +€107,480 | +5.3% |
| Total equity and liabilities | 10/49 | €3,123,856 | €3,094,433 | -€29,423 | -0.9% |
| Equity | 10/15 | €633,746 | €263,582 | -€370,163 | -58.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €613,295 | €243,131 | -€370,163 | -60.4% |
| Amounts payable | 17/49 | €2,490,110 | €2,830,851 | +€340,740 | +13.7% |
| Amounts payable within one year | 42/48 | €2,490,110 | €2,830,851 | +€340,740 | +13.7% |
| Trade debts | 44 | €54,200 | €111,985 | +€57,785 | +107% |
| Suppliers | 440/4 | €54,200 | €111,985 | +€57,785 | +107% |
| Taxes, remuneration and social security | 45 | €57,339 | €26,896 | -€30,443 | -53.1% |
| Taxes | 450/3 | €40,436 | - | -€40,436 | |
| Remuneration and social security | 454/9 | €16,902 | €26,896 | +€9,993 | +59.1% |
| Other amounts payable | 47/48 | €2,378,572 | €2,691,970 | +€313,398 | +13.2% |
| Non-recurring operating income | 76A | €30,586 | - | -€30,586 | |
| Remuneration, social security and pensions | 62 | €115,817 | €257,546 | +€141,728 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,183 | €95,651 | +€4,468 | +4.9% |
| Other operating charges | 640/8 | €2,014 | €1,173 | -€841 | -41.7% |
| Gross operating margin | 9900 | €666,933 | €782,962 | +€116,029 | +17.4% |
| Operating profit (loss) | 9901 | €457,918 | €428,592 | -€29,326 | -6.4% |
| Financial income | 75/76B | €28,295 | €8,712 | -€19,582 | -69.2% |
| Recurring financial income | 75 | €28,295 | €8,712 | -€19,582 | -69.2% |
| Financial charges | 65/66B | €165 | €760 | +€594 | +360% |
| Recurring financial charges | 65 | €165 | €760 | +€594 | +360% |
| Profit (loss) for the period before taxes | 9903 | €486,048 | €436,544 | -€49,503 | -10.2% |
| Income taxes | 67/77 | €109,441 | €116,102 | +€6,660 | +6.1% |
| Profit (loss) for the period | 9904 | €376,606 | €320,443 | -€56,164 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €376,606 | €320,443 | -€56,164 | -14.9% |
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 18 October 2026 via checked.be.