EXPO-VISION: 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-VISION
Largest movements
- Tangible fixed assets -€41,559
down €41,559 (-21.5%), from €193,240 to €151,681
of which Plant, machinery and equipment: -€24,143
- Debts after one year -€38,074
down €38,074 (-43.1%), from €88,316 to €50,242
of which Financial debts: -€35,876
- Trade debts -€22,869
down €22,869 (-23.5%), from €97,370 to €74,501
- Tax, wage and social debts +€8,096
up €8,096 (+38.8%), from €20,891 to €28,987
of which Taxes: +€7,330
- Other debts +€7,000
new in 2025: €7,000
- Reserves +€6,315
up €6,315 (+4.0%), from €158,271 to €164,586
of which Distributable reserves: +€6,315
- Staff costs +€18,121
up €18,121 (+21.6%), from €84,024 to €102,145
- Taxes -€16,380
down €16,380 (-83.8%), from €19,543 to €3,163
- Gross operating margin -€15,132
down €15,132 (-8.2%), from €185,544 to €170,412
- Depreciation +€7,034
up €7,034 (+20.4%), from €34,525 to €41,559
- Other operating charges +€5,571
up €5,571 (+198%), from €2,817 to €8,388
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 | €406,627 | €367,426 | -€39,202 | -9.6% |
| Fixed assets | 21/28 | €193,240 | €151,681 | -€41,559 | -21.5% |
| Tangible fixed assets | 22/27 | €193,240 | €151,681 | -€41,559 | -21.5% |
| Land and buildings | 22 | €88,006 | €80,987 | -€7,020 | -8.0% |
| Plant, machinery and equipment | 23 | €62,984 | €38,841 | -€24,143 | -38.3% |
| Furniture and vehicles | 24 | €42,250 | €31,853 | -€10,397 | -24.6% |
| Current assets | 29/58 | €213,387 | €215,745 | +€2,358 | +1.1% |
| Amounts receivable within one year | 40/41 | €174,094 | €176,723 | +€2,630 | +1.5% |
| Trade receivables | 40 | €146,354 | €158,258 | +€11,903 | +8.1% |
| Other amounts receivable | 41 | €27,740 | €18,466 | -€9,274 | -33.4% |
| Cash at bank and in hand | 54/58 | €25,938 | €23,010 | -€2,928 | -11.3% |
| Deferred charges and accrued income | 490/1 | €13,355 | €16,012 | +€2,656 | +19.9% |
| Total equity and liabilities | 10/49 | €406,627 | €367,426 | -€39,202 | -9.6% |
| Equity | 10/15 | €189,271 | €195,586 | +€6,315 | +3.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €158,271 | €164,586 | +€6,315 | +4.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €155,171 | €161,486 | +€6,315 | +4.1% |
| Amounts payable | 17/49 | €217,356 | €171,840 | -€45,516 | -20.9% |
| Amounts payable after more than one year | 17 | €88,316 | €50,242 | -€38,074 | -43.1% |
| Financial debts | 170/4 | €86,118 | €50,242 | -€35,876 | -41.7% |
| Other amounts payable | 178/9 | €2,198 | - | -€2,198 | |
| Amounts payable within one year | 42/48 | €128,963 | €121,598 | -€7,365 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €10,702 | €11,110 | +€408 | +3.8% |
| Trade debts | 44 | €97,370 | €74,501 | -€22,869 | -23.5% |
| Suppliers | 440/4 | €97,370 | €74,501 | -€22,869 | -23.5% |
| Taxes, remuneration and social security | 45 | €20,891 | €28,987 | +€8,096 | +38.8% |
| Taxes | 450/3 | €15,216 | €22,545 | +€7,330 | +48.2% |
| Remuneration and social security | 454/9 | €5,676 | €6,441 | +€766 | +13.5% |
| Other amounts payable | 47/48 | - | €7,000 | +€7,000 | |
| Accrued charges and deferred income | 492/3 | €77 | - | -€77 | |
| Remuneration, social security and pensions | 62 | €84,024 | €102,145 | +€18,121 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,525 | €41,559 | +€7,034 | +20.4% |
| Other operating charges | 640/8 | €2,817 | €8,388 | +€5,571 | +198% |
| Gross operating margin | 9900 | €185,544 | €170,412 | -€15,132 | -8.2% |
| Operating profit (loss) | 9901 | €64,177 | €18,319 | -€45,858 | -71.5% |
| Financial income | 75/76B | €1,144 | €201 | -€942 | -82.4% |
| Recurring financial income | 75 | €1,144 | €201 | -€942 | -82.4% |
| Financial charges | 65/66B | €4,936 | €9,043 | +€4,108 | +83.2% |
| Recurring financial charges | 65 | €4,936 | €9,043 | +€4,108 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €60,385 | €9,477 | -€50,908 | -84.3% |
| Income taxes | 67/77 | €19,543 | €3,163 | -€16,380 | -83.8% |
| Profit (loss) for the period | 9904 | €40,843 | €6,315 | -€34,528 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,843 | €6,315 | -€34,528 | -84.5% |
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 25 October 2026 via checked.be.