EXPONANZA: what changed
Two fiscal 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.
EXPONANZA
Largest movements
- Stocks and contracts +€181,648
up €181,648 (+135.5%), from €134,042 to €315,690
- Cash -€68,105
down €68,105 (-26.1%), from €260,458 to €192,353
mainly Stocks and contracts (-€181,648) and Debts after one year (-€14,880)
- Receivables within one year -€24,852
down €24,852 (-24.8%), from €100,404 to €75,552
of which Trade receivables: -€29,898
- Reserves +€65,904
up €65,904 (+30.6%), from €215,424 to €281,328
of which Distributable reserves: +€65,904
- Accrued charges and deferred income +€23,494
up €23,494 (+11.8%), from €199,535 to €223,029
- Debts after one year -€14,880
down €14,880 (-16.2%), from €91,824 to €76,945
- Gross operating margin +€61,013
up €61,013 (+24.7%), from €247,253 to €308,266
- Staff costs +€26,247
up €26,247 (+16.0%), from €164,319 to €190,566
- Taxes +€13,480
up €13,480 (+67.1%), from €20,093 to €33,573
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 | €655,504 | €738,392 | +€82,889 | +12.6% |
| Fixed assets | 21/28 | €158,593 | €152,054 | -€6,539 | -4.1% |
| Tangible fixed assets | 22/27 | €158,479 | €151,940 | -€6,539 | -4.1% |
| Land and buildings | 22 | €148,869 | €141,034 | -€7,835 | -5.3% |
| Plant, machinery and equipment | 23 | €7,485 | €2,848 | -€4,637 | -62.0% |
| Furniture and vehicles | 24 | €625 | €3,058 | +€2,434 | +389.5% |
| Other tangible fixed assets | 26 | €1,500 | €5,000 | +€3,500 | +233.3% |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €496,911 | €586,338 | +€89,427 | +18.0% |
| Stocks and contracts in progress | 3 | €134,042 | €315,690 | +€181,648 | +135.5% |
| Contracts in progress | 37 | €134,042 | €315,690 | +€181,648 | +135.5% |
| Amounts receivable within one year | 40/41 | €100,404 | €75,552 | -€24,852 | -24.8% |
| Trade receivables | 40 | €80,015 | €50,117 | -€29,898 | -37.4% |
| Other amounts receivable | 41 | €20,389 | €25,435 | +€5,046 | +24.7% |
| Cash at bank and in hand | 54/58 | €260,458 | €192,353 | -€68,105 | -26.1% |
| Deferred charges and accrued income | 490/1 | €2,007 | €2,744 | +€736 | +36.7% |
| Total equity and liabilities | 10/49 | €655,504 | €738,392 | +€82,889 | +12.6% |
| Equity | 10/15 | €233,974 | €299,878 | +€65,904 | +28.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €215,424 | €281,328 | +€65,904 | +30.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €213,569 | €279,473 | +€65,904 | +30.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €421,529 | €438,514 | +€16,984 | +4.0% |
| Amounts payable after more than one year | 17 | €91,824 | €76,945 | -€14,880 | -16.2% |
| Financial debts | 170/4 | €91,824 | €76,945 | -€14,880 | -16.2% |
| Amounts payable within one year | 42/48 | €130,170 | €138,540 | +€8,370 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €14,479 | €14,880 | +€400 | +2.8% |
| Trade debts | 44 | €69,670 | €75,784 | +€6,113 | +8.8% |
| Suppliers | 440/4 | €69,670 | €75,784 | +€6,113 | +8.8% |
| Taxes, remuneration and social security | 45 | €41,605 | €44,712 | +€3,107 | +7.5% |
| Taxes | 450/3 | €6,242 | €6,512 | +€270 | +4.3% |
| Remuneration and social security | 454/9 | €35,364 | €38,200 | +€2,837 | +8.0% |
| Other amounts payable | 47/48 | €4,415 | €3,165 | -€1,250 | -28.3% |
| Accrued charges and deferred income | 492/3 | €199,535 | €223,029 | +€23,494 | +11.8% |
| Remuneration, social security and pensions | 62 | €164,319 | €190,566 | +€26,247 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,288 | €12,936 | -€352 | -2.6% |
| Other operating charges | 640/8 | €561 | €2,370 | +€1,809 | +322.4% |
| Gross operating margin | 9900 | €247,253 | €308,266 | +€61,013 | +24.7% |
| Operating profit (loss) | 9901 | €69,085 | €102,394 | +€33,309 | +48.2% |
| Financial income | 75/76B | €353 | €199 | -€155 | -43.8% |
| Recurring financial income | 75 | €353 | €199 | -€155 | -43.8% |
| Financial charges | 65/66B | €3,982 | €3,115 | -€867 | -21.8% |
| Recurring financial charges | 65 | €3,982 | €3,115 | -€867 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €65,457 | €99,478 | +€34,021 | +52.0% |
| Income taxes | 67/77 | €20,093 | €33,573 | +€13,480 | +67.1% |
| Profit (loss) for the period | 9904 | €45,364 | €65,904 | +€20,541 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,364 | €65,904 | +€20,541 | +45.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.