EXPO PROJECTS: 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 PROJECTS
Largest movements
- Cash +€57,789
up €57,789 (+210.8%), from €27,411 to €85,200
mainly Depreciation (+€54,901) and Net result for the year (+€31,021)
- Intangible fixed assets -€54,578
down €54,578 (-62.3%), from €87,605 to €33,027
- Receivables within one year -€6,862
down €6,862 (-4.6%), from €150,453 to €143,591
of which Trade receivables: -€9,750
- Accrued charges and deferred income -€34,094
down €34,094 (-100.0%), from €34,094 to €0
- Profit (loss) carried forward +€31,021
up €31,021 (+21.3%), from €145,608 to €176,629
- Trade debts +€25,139
up €25,139 (+122.5%), from €20,528 to €45,667
- Tax, wage and social debts -€18,479
down €18,479 (-62.2%), from €29,729 to €11,250
of which Taxes: -€18,479
- Debts after one year -€6,122
down €6,122 (-70.0%), from €8,747 to €2,625
- Gross operating margin -€75,543
down €75,543 (-43.0%), from €175,542 to €99,999
- Staff costs -€72,192
down €72,192 (-99.6%), from €72,502 to €310
- Depreciation -€3,607
down €3,607 (-6.2%), from €58,508 to €54,901
- Taxes -€2,872
down €2,872 (-22.6%), from €12,701 to €9,829
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.
Cash bridge derived
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 | €267,352 | €262,811 | -€4,541 | -1.7% |
| Fixed assets | 21/28 | €87,919 | €33,046 | -€54,873 | -62.4% |
| Intangible fixed assets | 21 | €87,605 | €33,027 | -€54,578 | -62.3% |
| Tangible fixed assets | 22/27 | €314 | €19 | -€295 | -94.0% |
| Plant, machinery and equipment | 23 | €314 | €0 | -€314 | -100.0% |
| Furniture and vehicles | 24 | - | €19 | +€19 | |
| Current assets | 29/58 | €179,433 | €229,765 | +€50,332 | +28.1% |
| Amounts receivable within one year | 40/41 | €150,453 | €143,591 | -€6,862 | -4.6% |
| Trade receivables | 40 | €127,687 | €117,937 | -€9,750 | -7.6% |
| Other amounts receivable | 41 | €22,766 | €25,654 | +€2,888 | +12.7% |
| Cash at bank and in hand | 54/58 | €27,411 | €85,200 | +€57,789 | +210.8% |
| Deferred charges and accrued income | 490/1 | €1,569 | €974 | -€595 | -37.9% |
| Total equity and liabilities | 10/49 | €267,352 | €262,811 | -€4,541 | -1.7% |
| Equity | 10/15 | €167,608 | €198,629 | +€31,021 | +18.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,608 | €176,629 | +€31,021 | +21.3% |
| Amounts payable | 17/49 | €99,745 | €64,183 | -€35,562 | -35.7% |
| Amounts payable after more than one year | 17 | €8,747 | €2,625 | -€6,122 | -70.0% |
| Other amounts payable | 178/9 | €8,747 | €2,625 | -€6,122 | -70.0% |
| Amounts payable within one year | 42/48 | €56,903 | €61,558 | +€4,655 | +8.2% |
| Trade debts | 44 | €20,528 | €45,667 | +€25,139 | +122.5% |
| Suppliers | 440/4 | €20,528 | €45,667 | +€25,139 | +122.5% |
| Taxes, remuneration and social security | 45 | €29,729 | €11,250 | -€18,479 | -62.2% |
| Taxes | 450/3 | €29,729 | €11,250 | -€18,479 | -62.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,646 | €4,641 | -€2,005 | -30.2% |
| Accrued charges and deferred income | 492/3 | €34,094 | €0 | -€34,094 | -100.0% |
| Remuneration, social security and pensions | 62 | €72,502 | €310 | -€72,192 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,508 | €54,901 | -€3,607 | -6.2% |
| Other operating charges | 640/8 | €2,981 | €1,328 | -€1,652 | -55.4% |
| Non-recurring operating charges | 66A | - | €1,500 | +€1,500 | |
| Gross operating margin | 9900 | €175,542 | €99,999 | -€75,543 | -43.0% |
| Operating profit (loss) | 9901 | €41,552 | €41,960 | +€408 | +1.0% |
| Financial charges | 65/66B | €467 | €1,110 | +€643 | +137.5% |
| Recurring financial charges | 65 | €467 | €1,110 | +€643 | +137.5% |
| Profit (loss) for the period before taxes | 9903 | €41,084 | €40,850 | -€235 | -0.6% |
| Income taxes | 67/77 | €12,701 | €9,829 | -€2,872 | -22.6% |
| Profit (loss) for the period | 9904 | €28,383 | €31,021 | +€2,638 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,383 | €31,021 | +€2,638 | +9.3% |
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 12 October 2026 via checked.be.