ExpMED RZ: 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.
ExpMED RZ
Largest movements
- Intangible fixed assets -€21,000
down €21,000 (-22.2%), from €94,529 to €73,529
- Tangible fixed assets -€16,818
down €16,818 (-33.6%), from €50,066 to €33,248
of which Furniture and vehicles: -€14,254
- Receivables within one year +€9,053
up €9,053 (+38.2%), from €23,722 to €32,775
- Cash -€6,280
down €6,280 (-16.4%), from €38,335 to €32,055
mainly Debts after one year (-€44,328) and Other debts (-€33,986)
- Debts after one year -€44,328
down €44,328 (-82.9%), from €53,484 to €9,156
- Profit (loss) carried forward +€36,049
up €36,049, from -€34,888 to €1,161
- Other debts -€33,986
down €33,986 (-87.4%), from €38,898 to €4,912
- Tax, wage and social debts +€11,426
up €11,426 (+93.1%), from €12,269 to €23,695
- Reserves -€5,000
down €5,000 (-6.7%), from €75,000 to €70,000
- Taxes +€10,422
up €10,422 (+5,922%), from €176 to €10,598
- Gross operating margin +€7,829
up €7,829 (+8.5%), from €92,334 to €100,163
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 | €210,225 | €173,104 | -€37,121 | -17.7% |
| Fixed assets | 21/28 | €144,595 | €106,777 | -€37,818 | -26.2% |
| Intangible fixed assets | 21 | €94,529 | €73,529 | -€21,000 | -22.2% |
| Tangible fixed assets | 22/27 | €50,066 | €33,248 | -€16,818 | -33.6% |
| Furniture and vehicles | 24 | €40,708 | €26,454 | -€14,254 | -35.0% |
| Other tangible fixed assets | 26 | €9,358 | €6,794 | -€2,564 | -27.4% |
| Current assets | 29/58 | €65,630 | €66,327 | +€697 | +1.1% |
| Amounts receivable within one year | 40/41 | €23,722 | €32,775 | +€9,053 | +38.2% |
| Trade receivables | 40 | €23,722 | €32,775 | +€9,053 | +38.2% |
| Cash at bank and in hand | 54/58 | €38,335 | €32,055 | -€6,280 | -16.4% |
| Deferred charges and accrued income | 490/1 | €3,573 | €1,497 | -€2,076 | -58.1% |
| Total equity and liabilities | 10/49 | €210,225 | €173,104 | -€37,121 | -17.7% |
| Equity | 10/15 | €58,712 | €89,761 | +€31,049 | +52.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Distributable reserves | 133 | €75,000 | €70,000 | -€5,000 | -6.7% |
| Profit (loss) carried forward | 14 | -€34,888 | €1,161 | +€36,049 | |
| Amounts payable | 17/49 | €151,513 | €83,343 | -€68,170 | -45.0% |
| Amounts payable after more than one year | 17 | €53,484 | €9,156 | -€44,328 | -82.9% |
| Financial debts | 170/4 | €53,484 | €9,156 | -€44,328 | -82.9% |
| Amounts payable within one year | 42/48 | €98,029 | €74,187 | -€23,842 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €44,327 | €44,327 | = | 0.0% |
| Trade debts | 44 | €2,535 | €1,253 | -€1,282 | -50.6% |
| Suppliers | 440/4 | €2,535 | €1,253 | -€1,282 | -50.6% |
| Taxes, remuneration and social security | 45 | €12,269 | €23,695 | +€11,426 | +93.1% |
| Taxes | 450/3 | €12,269 | €23,695 | +€11,426 | +93.1% |
| Other amounts payable | 47/48 | €38,898 | €4,912 | -€33,986 | -87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,240 | €38,623 | +€383 | +1.0% |
| Other operating charges | 640/8 | €545 | €552 | +€7 | +1.3% |
| Gross operating margin | 9900 | €92,334 | €100,163 | +€7,829 | +8.5% |
| Operating profit (loss) | 9901 | €53,549 | €60,988 | +€7,439 | +13.9% |
| Financial charges | 65/66B | €2,128 | €1,341 | -€787 | -37.0% |
| Recurring financial charges | 65 | €2,128 | €1,341 | -€787 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €51,421 | €59,647 | +€8,226 | +16.0% |
| Income taxes | 67/77 | €176 | €10,598 | +€10,422 | +5,922% |
| Profit (loss) for the period | 9904 | €51,245 | €49,049 | -€2,196 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,245 | €49,049 | -€2,196 | -4.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.