EXPO SIAST: 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 SIAST
Largest movements
- Cash +€161,217
up €161,217 (+55.8%), from €288,690 to €449,907
mainly Net result for the year (+€564,906) and Depreciation (+€49,445)
- Receivables within one year +€55,000
new in 2025: €55,000
- Reserves +€484,900
up €484,900 (+42.1%), from €1.2m to €1.6m
of which Distributable reserves: +€484,900
- Debts after one year -€246,319
down €246,319 (-14.2%), from €1.7m to €1.5m
- Financial income +€155,294
up €155,294 (+52.7%), from €294,467 to €449,761
- Financial charges +€20,652
up €20,652 (+30.1%), from €68,640 to €89,292
- Taxes +€12,581
up €12,581 (+12.2%), from €103,348 to €115,929
- Gross operating margin +€9,231
up €9,231 (+2.5%), from €369,867 to €379,098
- Depreciation -€7,380
down €7,380 (-13.0%), from €56,824 to €49,445
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 | €3,372,533 | €3,612,769 | +€240,237 | +7.1% |
| Fixed assets | 21/28 | €3,078,843 | €3,103,253 | +€24,411 | +0.8% |
| Tangible fixed assets | 22/27 | €1,294,543 | €1,318,953 | +€24,411 | +1.9% |
| Land and buildings | 22 | €1,286,952 | €1,240,497 | -€46,455 | -3.6% |
| Furniture and vehicles | 24 | €7,591 | €78,456 | +€70,865 | +934% |
| Financial fixed assets | 28 | €1,784,300 | €1,784,300 | = | 0.0% |
| Current assets | 29/58 | €293,690 | €509,516 | +€215,826 | +73.5% |
| Amounts receivable within one year | 40/41 | - | €55,000 | +€55,000 | |
| Trade receivables | 40 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €288,690 | €449,907 | +€161,217 | +55.8% |
| Deferred charges and accrued income | 490/1 | €5,000 | €4,609 | -€391 | -7.8% |
| Total equity and liabilities | 10/49 | €3,372,533 | €3,612,769 | +€240,237 | +7.1% |
| Equity | 10/15 | €1,219,940 | €1,704,845 | +€484,906 | +39.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,151,488 | €1,636,388 | +€484,900 | +42.1% |
| Tax-exempt reserves | 132 | €27,888 | €27,888 | = | 0.0% |
| Distributable reserves | 133 | €1,123,600 | €1,608,500 | +€484,900 | +43.2% |
| Profit (loss) carried forward | 14 | €18,451 | €18,457 | +€6 | 0.0% |
| Amounts payable | 17/49 | €2,152,593 | €1,907,924 | -€244,669 | -11.4% |
| Amounts payable after more than one year | 17 | €1,732,246 | €1,485,927 | -€246,319 | -14.2% |
| Financial debts | 170/4 | €1,732,246 | €1,485,927 | -€246,319 | -14.2% |
| Amounts payable within one year | 42/48 | €371,733 | €392,437 | +€20,704 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €300,729 | €316,620 | +€15,891 | +5.3% |
| Trade debts | 44 | €3,349 | €7,583 | +€4,234 | +126% |
| Suppliers | 440/4 | €3,349 | €7,583 | +€4,234 | +126% |
| Taxes, remuneration and social security | 45 | €67,655 | €68,234 | +€579 | +0.9% |
| Taxes | 450/3 | €60,864 | €50,937 | -€9,927 | -16.3% |
| Remuneration and social security | 454/9 | €6,791 | €17,297 | +€10,506 | +155% |
| Accrued charges and deferred income | 492/3 | €48,614 | €29,560 | -€19,054 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,824 | €49,445 | -€7,380 | -13.0% |
| Other operating charges | 640/8 | €8,905 | €9,287 | +€382 | +4.3% |
| Gross operating margin | 9900 | €369,867 | €379,098 | +€9,231 | +2.5% |
| Operating profit (loss) | 9901 | €304,138 | €320,366 | +€16,228 | +5.3% |
| Financial income | 75/76B | €294,467 | €449,761 | +€155,294 | +52.7% |
| Recurring financial income | 75 | €294,467 | €449,761 | +€155,294 | +52.7% |
| Financial charges | 65/66B | €68,640 | €89,292 | +€20,652 | +30.1% |
| Recurring financial charges | 65 | €68,640 | €89,292 | +€20,652 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €529,964 | €680,835 | +€150,870 | +28.5% |
| Income taxes | 67/77 | €103,348 | €115,929 | +€12,581 | +12.2% |
| Profit (loss) for the period | 9904 | €426,616 | €564,906 | +€138,289 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €426,616 | €564,906 | +€138,289 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.