Expo Advice: 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.
Expo Advice
Largest movements
- Current investments +€310,000
up €310,000 (+1,550%), from €20,000 to €330,000
- Cash -€273,197
down €273,197 (-55.7%), from €490,092 to €216,894
mainly Current investments (-€310,000) and Accrued charges and deferred income (-€9,000)
- Tangible fixed assets -€19,964
down €19,964 (-3.3%), from €608,958 to €588,994
of which Furniture and vehicles: -€11,864
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€13,470
down €13,470 (-34.7%), from €38,773 to €25,303
- Other operating charges +€7,426
up €7,426 (+431%), from €1,722 to €9,149
- Financial charges +€4,463
up €4,463 (+259%), from €1,722 to €6,185
- Gross operating margin +€3,876
up €3,876 (+9.2%), from €41,929 to €45,806
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,156,694 | €1,175,277 | +€18,583 | +1.6% |
| Fixed assets | 21/28 | €608,958 | €588,994 | -€19,964 | -3.3% |
| Tangible fixed assets | 22/27 | €608,958 | €588,994 | -€19,964 | -3.3% |
| Land and buildings | 22 | €591,361 | €584,698 | -€6,664 | -1.1% |
| Plant, machinery and equipment | 23 | €5,000 | €3,563 | -€1,437 | -28.7% |
| Furniture and vehicles | 24 | €12,597 | €734 | -€11,864 | -94.2% |
| Current assets | 29/58 | €547,736 | €586,283 | +€38,547 | +7.0% |
| Amounts receivable within one year | 40/41 | €37,644 | €39,388 | +€1,744 | +4.6% |
| Trade receivables | 40 | €37,644 | €39,388 | +€1,744 | +4.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €20,000 | €330,000 | +€310,000 | +1,550% |
| Cash at bank and in hand | 54/58 | €490,092 | €216,894 | -€273,197 | -55.7% |
| Total equity and liabilities | 10/49 | €1,156,694 | €1,175,277 | +€18,583 | +1.6% |
| Equity | 10/15 | €953,481 | €958,650 | +€5,169 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €440,000 | €440,000 | = | 0.0% |
| Reserves | 13 | €471,148 | €471,148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €446,198 | €446,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,666 | -€14,498 | +€5,169 | +26.3% |
| Amounts payable | 17/49 | €203,213 | €216,627 | +€13,414 | +6.6% |
| Amounts payable after more than one year | 17 | €148,800 | €148,800 | = | 0.0% |
| Financial debts | 170/4 | €148,800 | €148,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,413 | €67,827 | +€22,414 | +49.4% |
| Trade debts | 44 | €1,179 | €12,799 | +€11,620 | +986% |
| Suppliers | 440/4 | €1,179 | €12,799 | +€11,620 | +986% |
| Taxes, remuneration and social security | 45 | €2,863 | €3,315 | +€453 | +15.8% |
| Taxes | 450/3 | €2,863 | €3,315 | +€453 | +15.8% |
| Other amounts payable | 47/48 | €41,372 | €51,713 | +€10,341 | +25.0% |
| Accrued charges and deferred income | 492/3 | €9,000 | €0 | -€9,000 | -100% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,773 | €25,303 | -€13,470 | -34.7% |
| Other operating charges | 640/8 | €1,722 | €9,149 | +€7,426 | +431% |
| Gross operating margin | 9900 | €41,929 | €45,806 | +€3,876 | +9.2% |
| Operating profit (loss) | 9901 | €1,434 | €11,354 | +€9,920 | +692% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,722 | €6,185 | +€4,463 | +259% |
| Recurring financial charges | 65 | €1,722 | €6,185 | +€4,463 | +259% |
| Profit (loss) for the period before taxes | 9903 | -€288 | €5,169 | +€5,457 | |
| Income taxes | 67/77 | €401 | €0 | -€401 | -100% |
| Profit (loss) for the period | 9904 | -€689 | €5,169 | +€5,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€689 | €5,169 | +€5,858 |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.