Expoline: 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.
Expoline
Largest movements
- Receivables within one year -€221,887
down €221,887 (-47.2%), from €469,754 to €247,867
of which Trade receivables: -€180,050
- Stocks and contracts -€27,436
down €27,436 (-46.3%), from €59,212 to €31,777
- Short-term financial debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Trade debts -€65,473
down €65,473 (-18.3%), from €358,390 to €292,916
- Profit (loss) carried forward -€47,095
down €47,095 (-56.3%), from -€83,658 to -€130,753
- Other debts +€11,235
up €11,235 (+39.0%), from €28,818 to €40,053
- Gross operating margin -€63,115
down €63,115, from €33,081 to -€30,034
- Financial charges -€15,380
down €15,380 (-60.9%), from €25,273 to €9,893
- Depreciation -€1,563
down €1,563 (-30.5%), from €5,120 to €3,558
- Financial income -€863
down €863 (-39.0%), from €2,216 to €1,353
- Staff costs -€500
down €500 (-10.0%), from €5,000 to €4,500
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 | €547,270 | €293,338 | -€253,932 | -46.4% |
| Fixed assets | 21/28 | €14,231 | €10,673 | -€3,558 | -25.0% |
| Intangible fixed assets | 21 | €14,231 | €10,673 | -€3,558 | -25.0% |
| Current assets | 29/58 | €533,040 | €282,665 | -€250,375 | -47.0% |
| Stocks and contracts in progress | 3 | €59,212 | €31,777 | -€27,436 | -46.3% |
| Stocks | 30/36 | €59,212 | €31,777 | -€27,436 | -46.3% |
| Amounts receivable within one year | 40/41 | €469,754 | €247,867 | -€221,887 | -47.2% |
| Trade receivables | 40 | €419,706 | €239,656 | -€180,050 | -42.9% |
| Other amounts receivable | 41 | €50,048 | €8,211 | -€41,837 | -83.6% |
| Cash at bank and in hand | 54/58 | €4,013 | €2,961 | -€1,052 | -26.2% |
| Deferred charges and accrued income | 490/1 | €60 | €60 | = | 0.0% |
| Total equity and liabilities | 10/49 | €547,270 | €293,338 | -€253,932 | -46.4% |
| Equity | 10/15 | €7,464 | -€39,631 | -€47,095 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,522 | €72,522 | = | 0.0% |
| Distributable reserves | 133 | €72,522 | €72,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,658 | -€130,753 | -€47,095 | -56.3% |
| Amounts payable | 17/49 | €539,806 | €332,969 | -€206,838 | -38.3% |
| Amounts payable within one year | 42/48 | €537,208 | €332,969 | -€204,239 | -38.0% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100% |
| Trade debts | 44 | €358,390 | €292,916 | -€65,473 | -18.3% |
| Suppliers | 440/4 | €358,390 | €292,916 | -€65,473 | -18.3% |
| Other amounts payable | 47/48 | €28,818 | €40,053 | +€11,235 | +39.0% |
| Accrued charges and deferred income | 492/3 | €2,599 | €0 | -€2,599 | -100% |
| Remuneration, social security and pensions | 62 | €5,000 | €4,500 | -€500 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,120 | €3,558 | -€1,563 | -30.5% |
| Other operating charges | 640/8 | €474 | €463 | -€12 | -2.5% |
| Gross operating margin | 9900 | €33,081 | -€30,034 | -€63,115 | |
| Operating profit (loss) | 9901 | €22,486 | -€38,554 | -€61,040 | |
| Financial income | 75/76B | €2,216 | €1,353 | -€863 | -39.0% |
| Recurring financial income | 75 | €2,216 | €1,353 | -€863 | -39.0% |
| Financial charges | 65/66B | €25,273 | €9,893 | -€15,380 | -60.9% |
| Recurring financial charges | 65 | €25,273 | €9,893 | -€15,380 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | -€571 | -€47,095 | -€46,523 | -8,143% |
| Profit (loss) for the period | 9904 | -€571 | -€47,095 | -€46,523 | -8,143% |
| Profit (loss) for the period to be appropriated | 9905 | -€571 | -€47,095 | -€46,523 | -8,143% |
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 17 October 2026 via checked.be.