Expo Point: 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 Point
Largest movements
- Current investments +€105,011
up €105,011 (+24.6%), from €426,753 to €531,765
- Tangible fixed assets +€90,666
up €90,666 (+7.7%), from €1.2m to €1.3m
of which Other tangible fixed assets: +€155,492
- Cash -€61,692
down €61,692 (-25.4%), from €242,929 to €181,237
mainly Investment in fixed assets (net) (-€220,172) and Current investments (-€105,011)
- Receivables within one year -€50,625
down €50,625 (-26.2%), from €193,464 to €142,839
of which Trade receivables: -€52,865
- Reserves +€272,903
up €272,903 (+33.2%), from €821,089 to €1.1m
- Tax, wage and social debts -€104,621
down €104,621 (-90.5%), from €115,585 to €10,963
of which Taxes: -€105,000
- Current portion of long-term debt -€39,280
down €39,280 (-32.9%), from €119,505 to €80,225
- Other debts -€38,045
down €38,045 (-55.7%), from €68,251 to €30,206
- Trade debts -€31,990
down €31,990 (-45.0%), from €71,064 to €39,074
- Financial income +€28,037
up €28,037 (+851%), from €3,296 to €31,333
of which Non-recurring financial income: +€25,750
- Gross operating margin -€11,011
down €11,011 (-1.7%), from €642,516 to €631,505
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 | €2,079,697 | €2,139,781 | +€60,084 | +2.9% |
| Fixed assets | 21/28 | €1,193,274 | €1,283,940 | +€90,666 | +7.6% |
| Tangible fixed assets | 22/27 | €1,176,574 | €1,267,240 | +€90,666 | +7.7% |
| Land and buildings | 22 | €330,362 | €303,544 | -€26,818 | -8.1% |
| Plant, machinery and equipment | 23 | €49,853 | €40,304 | -€9,549 | -19.2% |
| Furniture and vehicles | 24 | €145,669 | €117,211 | -€28,458 | -19.5% |
| Other tangible fixed assets | 26 | €650,690 | €806,182 | +€155,492 | +23.9% |
| Financial fixed assets | 28 | €16,700 | €16,700 | = | 0.0% |
| Current assets | 29/58 | €886,424 | €855,841 | -€30,583 | -3.5% |
| Stocks and contracts in progress | 3 | €18,895 | €0 | -€18,895 | -100% |
| Stocks | 30/36 | €18,895 | €0 | -€18,895 | -100% |
| Amounts receivable within one year | 40/41 | €193,464 | €142,839 | -€50,625 | -26.2% |
| Trade receivables | 40 | €192,719 | €139,855 | -€52,865 | -27.4% |
| Other amounts receivable | 41 | €745 | €2,985 | +€2,240 | +301% |
| Current investments | 50/53 | €426,753 | €531,765 | +€105,011 | +24.6% |
| Cash at bank and in hand | 54/58 | €242,929 | €181,237 | -€61,692 | -25.4% |
| Deferred charges and accrued income | 490/1 | €4,383 | €0 | -€4,383 | -100% |
| Total equity and liabilities | 10/49 | €2,079,697 | €2,139,781 | +€60,084 | +2.9% |
| Equity | 10/15 | €862,055 | €1,134,958 | +€272,903 | +31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €821,089 | €1,093,992 | +€272,903 | +33.2% |
| Distributable reserves | 133 | €821,089 | €1,093,992 | +€272,903 | +33.2% |
| Profit (loss) carried forward | 14 | €22,366 | €22,366 | = | 0.0% |
| Amounts payable | 17/49 | €1,217,642 | €1,004,823 | -€212,819 | -17.5% |
| Amounts payable after more than one year | 17 | €804,268 | €807,378 | +€3,109 | +0.4% |
| Financial debts | 170/4 | €804,268 | €807,378 | +€3,109 | +0.4% |
| Amounts payable within one year | 42/48 | €374,414 | €160,469 | -€213,946 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €119,505 | €80,225 | -€39,280 | -32.9% |
| Financial debts | 43 | €9 | €0 | -€9 | -100% |
| Other loans | 439 | €9 | €0 | -€9 | -100% |
| Trade debts | 44 | €71,064 | €39,074 | -€31,990 | -45.0% |
| Suppliers | 440/4 | €71,064 | €39,074 | -€31,990 | -45.0% |
| Taxes, remuneration and social security | 45 | €115,585 | €10,963 | -€104,621 | -90.5% |
| Taxes | 450/3 | €105,000 | €0 | -€105,000 | -100% |
| Remuneration and social security | 454/9 | €10,584 | €10,963 | +€379 | +3.6% |
| Other amounts payable | 47/48 | €68,251 | €30,206 | -€38,045 | -55.7% |
| Accrued charges and deferred income | 492/3 | €38,960 | €36,977 | -€1,983 | -5.1% |
| Non-recurring operating income | 76A | €7,968 | €0 | -€7,968 | -100% |
| Remuneration, social security and pensions | 62 | €77,778 | €80,094 | +€2,316 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,218 | €129,505 | +€3,287 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €14,717 | €15,113 | +€396 | +2.7% |
| Gross operating margin | 9900 | €642,516 | €631,505 | -€11,011 | -1.7% |
| Operating profit (loss) | 9901 | €423,802 | €406,793 | -€17,009 | -4.0% |
| Financial income | 75/76B | €3,296 | €31,333 | +€28,037 | +851% |
| Recurring financial income | 75 | €3,296 | €5,582 | +€2,286 | +69.4% |
| Non-recurring financial income | 76B | - | €25,750 | +€25,750 | |
| Financial charges | 65/66B | €38,939 | €39,873 | +€934 | +2.4% |
| Recurring financial charges | 65 | €38,939 | €39,873 | +€934 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €388,159 | €398,253 | +€10,094 | +2.6% |
| Income taxes | 67/77 | €129,313 | €125,350 | -€3,964 | -3.1% |
| Profit (loss) for the period | 9904 | €258,845 | €272,903 | +€14,058 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €258,845 | €272,903 | +€14,058 | +5.4% |
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 20 October 2026 via checked.be.