Expo Experts: 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 Experts
Largest movements
- Tangible fixed assets +€240,477
up €240,477 (+74.9%), from €321,104 to €561,581
- Receivables within one year +€120,344
up €120,344 (+35.0%), from €344,081 to €464,425
of which Other amounts receivable: +€80,457
- Cash -€90,265
down €90,265 (-18.1%), from €497,564 to €407,299
mainly Investment in fixed assets (net) (-€394,965) and Contributions, distributions and other (-€250,000)
- Financial fixed assets +€17,951
up €17,951 (+256%), from €7,000 to €24,951
- Trade debts +€163,767
up €163,767 (+134%), from €122,288 to €286,055
- Other debts +€151,833
new in 2025: €151,833
- Contributions -€100,000
down €100,000 (-36.8%), from €272,000 to €172,000
- Debts after one year +€88,259
up €88,259 (+259%), from €34,110 to €122,369
- Tax, wage and social debts -€38,463
down €38,463 (-31.1%), from €123,871 to €85,408
of which Taxes: -€49,206
- Staff costs +€85,055
up €85,055 (+17.9%), from €475,056 to €560,110
- Gross operating margin -€66,648
down €66,648 (-6.8%), from €976,357 to €909,709
- Taxes -€54,001
down €54,001 (-55.7%), from €97,030 to €43,029
- Depreciation +€35,577
up €35,577 (+36.0%), from €98,694 to €134,271
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 | €1,204,257 | €1,497,567 | +€293,311 | +24.4% |
| Fixed assets | 21/28 | €334,276 | €594,971 | +€260,695 | +78.0% |
| Intangible fixed assets | 21 | €6,172 | €8,439 | +€2,267 | +36.7% |
| Tangible fixed assets | 22/27 | €321,104 | €561,581 | +€240,477 | +74.9% |
| Plant, machinery and equipment | 23 | €176,910 | €245,402 | +€68,492 | +38.7% |
| Furniture and vehicles | 24 | €115,957 | €223,393 | +€107,435 | +92.7% |
| Other tangible fixed assets | 26 | €28,237 | €92,786 | +€64,550 | +229% |
| Financial fixed assets | 28 | €7,000 | €24,951 | +€17,951 | +256% |
| Current assets | 29/58 | €869,981 | €902,597 | +€32,616 | +3.7% |
| Amounts receivable within one year | 40/41 | €344,081 | €464,425 | +€120,344 | +35.0% |
| Trade receivables | 40 | €334,379 | €374,266 | +€39,887 | +11.9% |
| Other amounts receivable | 41 | €9,702 | €90,159 | +€80,457 | +829% |
| Cash at bank and in hand | 54/58 | €497,564 | €407,299 | -€90,265 | -18.1% |
| Deferred charges and accrued income | 490/1 | €28,335 | €30,873 | +€2,538 | +9.0% |
| Total equity and liabilities | 10/49 | €1,204,257 | €1,497,567 | +€293,311 | +24.4% |
| Equity | 10/15 | €883,060 | €788,641 | -€94,419 | -10.7% |
| Contributions | 10/11 | €272,000 | €172,000 | -€100,000 | -36.8% |
| Reserves | 13 | €32,200 | €32,200 | = | 0.0% |
| Distributable reserves | 133 | €32,200 | €32,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €578,860 | €584,441 | +€5,581 | +1.0% |
| Amounts payable | 17/49 | €321,197 | €708,926 | +€387,730 | +121% |
| Amounts payable after more than one year | 17 | €34,110 | €122,369 | +€88,259 | +259% |
| Financial debts | 170/4 | €34,110 | €122,369 | +€88,259 | +259% |
| Amounts payable within one year | 42/48 | €284,374 | €586,557 | +€302,183 | +106% |
| Current portion of amounts payable after more than one year | 42 | €38,215 | €54,416 | +€16,201 | +42.4% |
| Financial debts | 43 | - | €8,845 | +€8,845 | |
| Credit institutions | 430/8 | - | €8,845 | +€8,845 | |
| Trade debts | 44 | €122,288 | €286,055 | +€163,767 | +134% |
| Suppliers | 440/4 | €122,288 | €286,055 | +€163,767 | +134% |
| Taxes, remuneration and social security | 45 | €123,871 | €85,408 | -€38,463 | -31.1% |
| Taxes | 450/3 | €49,206 | €0 | -€49,206 | -100% |
| Remuneration and social security | 454/9 | €74,665 | €85,408 | +€10,744 | +14.4% |
| Other amounts payable | 47/48 | - | €151,833 | +€151,833 | |
| Accrued charges and deferred income | 492/3 | €2,713 | €0 | -€2,713 | -100% |
| Remuneration, social security and pensions | 62 | €475,056 | €560,110 | +€85,055 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,694 | €134,271 | +€35,577 | +36.0% |
| Other operating charges | 640/8 | €8,659 | €12,695 | +€4,036 | +46.6% |
| Gross operating margin | 9900 | €976,357 | €909,709 | -€66,648 | -6.8% |
| Operating profit (loss) | 9901 | €393,948 | €202,633 | -€191,315 | -48.6% |
| Financial income | 75/76B | €827 | €501 | -€326 | -39.4% |
| Recurring financial income | 75 | €827 | €501 | -€326 | -39.4% |
| Financial charges | 65/66B | €2,864 | €4,524 | +€1,660 | +58.0% |
| Recurring financial charges | 65 | €2,864 | €4,524 | +€1,660 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €391,912 | €198,610 | -€193,301 | -49.3% |
| Income taxes | 67/77 | €97,030 | €43,029 | -€54,001 | -55.7% |
| Profit (loss) for the period | 9904 | €294,882 | €155,581 | -€139,301 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €294,882 | €155,581 | -€139,301 | -47.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.