EXPELSA: 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.
EXPELSA
Largest movements
- Receivables within one year +€7,967
up €7,967 (+26.1%), from €30,478 to €38,444
of which Other amounts receivable: +€14,591
- Cash +€7,808
up €7,808 (+779.7%), from €1,001 to €8,809
mainly Net result for the year (+€14,100) and Tax, wage and social debts (+€6,473)
- Deferred charges and accrued income +€6,155
up €6,155 (+905.6%), from €680 to €6,834
- Reserves +€14,000
up €14,000 (+43.8%), from €32,000 to €46,000
- Tax, wage and social debts +€6,473
up €6,473 (+44.7%), from €14,492 to €20,965
- Trade debts +€998
up €998 (+15.2%), from €6,568 to €7,566
- Gross operating margin -€23,148
down €23,148 (-53.4%), from €43,354 to €20,207
- Turnover -€22,815
down €22,815 (-21.2%), from €107,415 to €84,600
- Taxes -€4,873
down €4,873 (-47.1%), from €10,346 to €5,474
- Financial income +€1,490
up €1,490 (+165.6%), from €900 to €2,390
of which Financial income: +€1,490
- Purchases and services -€1,387
down €1,387 (-1.9%), from €74,030 to €72,643
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,732 | €77,303 | +€21,571 | +38.7% |
| Fixed assets | 21/28 | €1,074 | €716 | -€358 | -33.3% |
| Tangible fixed assets | 22/27 | €1,074 | €716 | -€358 | -33.3% |
| Furniture and vehicles | 24 | - | €716 | +€716 | |
| Assets under construction and advance payments | 27 | €1,074 | - | -€1,074 | |
| Current assets | 29/58 | €54,659 | €76,587 | +€21,929 | +40.1% |
| Amounts receivable after more than one year | 29 | €22,500 | €22,500 | = | 0.0% |
| Other amounts receivable | 291 | €22,500 | €22,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,478 | €38,444 | +€7,967 | +26.1% |
| Trade receivables | 40 | €6,625 | - | -€6,625 | |
| Other amounts receivable | 41 | €23,853 | €38,444 | +€14,591 | +61.2% |
| Cash at bank and in hand | 54/58 | €1,001 | €8,809 | +€7,808 | +779.7% |
| Deferred charges and accrued income | 490/1 | €680 | €6,834 | +€6,155 | +905.6% |
| Total equity and liabilities | 10/49 | €55,732 | €77,303 | +€21,571 | +38.7% |
| Equity | 10/15 | €34,672 | €48,772 | +€14,100 | +40.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €46,000 | +€14,000 | +43.8% |
| Non-distributable reserves | 130/1 | €32,000 | €46,000 | +€14,000 | +43.8% |
| Other | 1319 | €32,000 | €46,000 | +€14,000 | +43.8% |
| Profit (loss) carried forward | 14 | €672 | €772 | +€100 | +14.9% |
| Amounts payable | 17/49 | €21,060 | €28,531 | +€7,471 | +35.5% |
| Amounts payable within one year | 42/48 | €21,060 | €28,531 | +€7,471 | +35.5% |
| Trade debts | 44 | €6,568 | €7,566 | +€998 | +15.2% |
| Suppliers | 440/4 | €6,568 | €7,566 | +€998 | +15.2% |
| Taxes, remuneration and social security | 45 | €14,492 | €20,965 | +€6,473 | +44.7% |
| Taxes | 450/3 | €14,492 | €20,965 | +€6,473 | +44.7% |
| Turnover | 70 | €107,415 | €84,600 | -€22,815 | -21.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €74,030 | €72,643 | -€1,387 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €358 | +€358 | |
| Other operating charges | 640/8 | €1,232 | €2,611 | +€1,379 | +112.0% |
| Gross operating margin | 9900 | €43,354 | €20,207 | -€23,148 | -53.4% |
| Operating profit (loss) | 9901 | €42,122 | €17,237 | -€24,885 | -59.1% |
| Financial income | 75/76B | €900 | €2,390 | +€1,490 | +165.6% |
| Recurring financial income | 75 | €900 | €2,390 | +€1,490 | +165.6% |
| Non-recurring financial income | 76B | €900 | - | -€900 | |
| Financial charges | 65/66B | €4 | €54 | +€50 | +1193.0% |
| Recurring financial charges | 65 | €4 | €54 | +€50 | +1193.0% |
| Non-recurring financial charges | 66B | €4 | - | -€4 | |
| Profit (loss) for the period before taxes | 9903 | €43,018 | €19,574 | -€23,445 | -54.5% |
| Income taxes | 67/77 | €10,346 | €5,474 | -€4,873 | -47.1% |
| Profit (loss) for the period | 9904 | €32,672 | €14,100 | -€18,572 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,672 | €14,100 | -€18,572 | -56.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.