EXPO-MANAGEMENT: 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-MANAGEMENT
Largest movements
- Cash +€72,204
up €72,204 (+49.6%), from €145,513 to €217,718
mainly Net result for the year (+€70,873) and Advances received (+€70,000)
- Tangible fixed assets -€30,852
down €30,852 (-16.8%), from €184,096 to €153,243
of which Furniture and vehicles: -€16,298
- Receivables within one year +€23,766
up €23,766 (+4.3%), from €547,319 to €571,084
of which Other amounts receivable: +€17,012
- Reserves +€70,873
up €70,873 (+5.0%), from €1.4m to €1.5m
of which Distributable reserves: +€70,873
- Advances received +€70,000
new in 2025: €70,000
- Debts after one year -€51,201
down €51,201 (-20.4%), from €251,201 to €200,000
- Other debts -€22,580
down €22,580 (-28.4%), from €79,459 to €56,879
- Gross operating margin +€72,048
up €72,048 (+79.0%), from €91,204 to €163,253
- Other operating charges +€15,874
up €15,874 (+591%), from €2,684 to €18,558
- Taxes +€12,645
up €12,645 (+85.0%), from €14,877 to €27,523
- Financial income -€8,625
down €8,625 (-88.0%), from €9,807 to €1,181
- Depreciation +€4,304
up €4,304 (+10.5%), from €41,172 to €45,477
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 | €1,962,138 | €2,027,557 | +€65,419 | +3.3% |
| Fixed assets | 21/28 | €210,746 | €179,893 | -€30,852 | -14.6% |
| Tangible fixed assets | 22/27 | €184,096 | €153,243 | -€30,852 | -16.8% |
| Plant, machinery and equipment | 23 | €23,797 | €18,683 | -€5,114 | -21.5% |
| Furniture and vehicles | 24 | €47,540 | €31,242 | -€16,298 | -34.3% |
| Leasing and similar rights | 25 | €112,759 | €103,318 | -€9,441 | -8.4% |
| Financial fixed assets | 28 | €26,650 | €26,650 | = | 0.0% |
| Current assets | 29/58 | €1,751,392 | €1,847,664 | +€96,272 | +5.5% |
| Amounts receivable after more than one year | 29 | €1,056,000 | €1,056,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,056,000 | €1,056,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €547,319 | €571,084 | +€23,766 | +4.3% |
| Trade receivables | 40 | €61,630 | €68,383 | +€6,753 | +11.0% |
| Other amounts receivable | 41 | €485,689 | €502,701 | +€17,012 | +3.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €145,513 | €217,718 | +€72,204 | +49.6% |
| Deferred charges and accrued income | 490/1 | €2,560 | €2,862 | +€302 | +11.8% |
| Total equity and liabilities | 10/49 | €1,962,138 | €2,027,557 | +€65,419 | +3.3% |
| Equity | 10/15 | €1,440,042 | €1,510,914 | +€70,873 | +4.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,415,042 | €1,485,914 | +€70,873 | +5.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €1,340,042 | €1,410,914 | +€70,873 | +5.3% |
| Amounts payable | 17/49 | €522,096 | €516,643 | -€5,453 | -1.0% |
| Amounts payable after more than one year | 17 | €251,201 | €200,000 | -€51,201 | -20.4% |
| Financial debts | 170/4 | €251,201 | €200,000 | -€51,201 | -20.4% |
| Amounts payable within one year | 42/48 | €176,288 | €222,032 | +€45,744 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €60,799 | €51,201 | -€9,598 | -15.8% |
| Trade debts | 44 | €26,956 | €17,483 | -€9,473 | -35.1% |
| Suppliers | 440/4 | €26,956 | €17,483 | -€9,473 | -35.1% |
| Advances received on contracts in progress | 46 | - | €70,000 | +€70,000 | |
| Taxes, remuneration and social security | 45 | €9,075 | €26,470 | +€17,395 | +192% |
| Taxes | 450/3 | €9,075 | €26,470 | +€17,395 | +192% |
| Other amounts payable | 47/48 | €79,459 | €56,879 | -€22,580 | -28.4% |
| Accrued charges and deferred income | 492/3 | €94,607 | €94,611 | +€4 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,172 | €45,477 | +€4,304 | +10.5% |
| Other operating charges | 640/8 | €2,684 | €18,558 | +€15,874 | +591% |
| Gross operating margin | 9900 | €91,204 | €163,253 | +€72,048 | +79.0% |
| Operating profit (loss) | 9901 | €47,348 | €99,218 | +€51,870 | +110% |
| Financial income | 75/76B | €9,807 | €1,181 | -€8,625 | -88.0% |
| Recurring financial income | 75 | €9,807 | €1,181 | -€8,625 | -88.0% |
| Financial charges | 65/66B | €2,593 | €2,004 | -€589 | -22.7% |
| Recurring financial charges | 65 | €2,593 | €2,004 | -€589 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €54,561 | €98,395 | +€43,834 | +80.3% |
| Income taxes | 67/77 | €14,877 | €27,523 | +€12,645 | +85.0% |
| Profit (loss) for the period | 9904 | €39,684 | €70,873 | +€31,189 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,684 | €70,873 | +€31,189 | +78.6% |
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 30 October 2026 via checked.be.