EXPORAMA: 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.
EXPORAMA
Largest movements
- Tangible fixed assets -€30,325
down €30,325 (-3.7%), from €829,896 to €799,570
of which Land and buildings: -€30,325
- Cash +€9,384
up €9,384 (+16.9%), from €55,585 to €64,968
mainly Depreciation (+€38,457) and Trade debts (+€1,044)
- Provisions -€12,841
down €12,841 (-13.3%), from €96,647 to €83,806
- Gross operating margin -€47,178
down €47,178 (-54.9%), from €85,892 to €38,713
- Taxes -€15,286
down €15,286 (-61.8%), from €24,736 to €9,450
- Depreciation -€2,378
down €2,378 (-5.8%), from €40,835 to €38,457
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 | €889,789 | €867,917 | -€21,872 | -2.5% |
| Fixed assets | 21/28 | €829,896 | €799,570 | -€30,325 | -3.7% |
| Tangible fixed assets | 22/27 | €829,896 | €799,570 | -€30,325 | -3.7% |
| Land and buildings | 22 | €829,896 | €799,570 | -€30,325 | -3.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €59,893 | €68,347 | +€8,454 | +14.1% |
| Amounts receivable within one year | 40/41 | €3,808 | €2,878 | -€930 | -24.4% |
| Other amounts receivable | 41 | €3,808 | €2,878 | -€930 | -24.4% |
| Cash at bank and in hand | 54/58 | €55,585 | €64,968 | +€9,384 | +16.9% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €889,789 | €867,917 | -€21,872 | -2.5% |
| Equity | 10/15 | €698,751 | €690,372 | -€8,379 | -1.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €623,628 | €615,190 | -€8,438 | -1.4% |
| Non-distributable reserves | 130/1 | €33,285 | €33,285 | = | 0.0% |
| Legal reserve | 130 | €33,285 | €33,285 | = | 0.0% |
| Tax-exempt reserves | 132 | €187,843 | €162,905 | -€24,938 | -13.3% |
| Distributable reserves | 133 | €402,500 | €419,000 | +€16,500 | +4.1% |
| Profit (loss) carried forward | 14 | €123 | €182 | +€59 | +47.6% |
| Provisions and deferred taxes | 16 | €96,647 | €83,806 | -€12,841 | -13.3% |
| Deferred taxes | 168 | €96,647 | €83,806 | -€12,841 | -13.3% |
| Amounts payable | 17/49 | €94,390 | €93,738 | -€652 | -0.7% |
| Amounts payable after more than one year | 17 | €84,500 | €84,500 | = | 0.0% |
| Financial debts | 170/4 | €84,500 | €84,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,890 | €9,238 | -€652 | -6.6% |
| Trade debts | 44 | €78 | €1,122 | +€1,044 | +1,330% |
| Suppliers | 440/4 | €78 | €1,122 | +€1,044 | +1,330% |
| Taxes, remuneration and social security | 45 | €8,754 | €6,827 | -€1,927 | -22.0% |
| Taxes | 450/3 | €8,754 | €6,827 | -€1,927 | -22.0% |
| Other amounts payable | 47/48 | €1,058 | €1,290 | +€231 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,835 | €38,457 | -€2,378 | -5.8% |
| Other operating charges | 640/8 | €5,641 | €5,795 | +€154 | +2.7% |
| Gross operating margin | 9900 | €85,892 | €38,713 | -€47,178 | -54.9% |
| Operating profit (loss) | 9901 | €39,415 | -€5,538 | -€44,954 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,451 | €6,231 | -€220 | -3.4% |
| Recurring financial charges | 65 | €6,451 | €6,231 | -€220 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €32,964 | -€11,769 | -€44,733 | |
| Transfer from deferred taxes | 780 | €12,841 | €12,841 | = | 0.0% |
| Income taxes | 67/77 | €24,736 | €9,450 | -€15,286 | -61.8% |
| Profit (loss) for the period | 9904 | €21,068 | -€8,379 | -€29,447 | |
| Transfer from tax-exempt reserves | 789 | €24,938 | €24,938 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,006 | €16,559 | -€29,447 | -64.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.