EXPOSERVICE: 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.
EXPOSERVICE
Largest movements
- Cash -€114,700
down €114,700 (-84.6%), from €135,591 to €20,890
mainly Net result for the year (-€90,594) and Receivables within one year (-€76,529)
- Receivables within one year +€76,529
up €76,529 (+161%), from €47,674 to €124,203
of which Trade receivables: +€77,017
- Tangible fixed assets -€28,362
down €28,362 (-32.0%), from €88,710 to €60,347
of which Plant, machinery and equipment: -€14,882
- Reserves -€90,594
down €90,594 (-47.3%), from €191,709 to €101,115
of which Distributable reserves: -€61,464
- Other debts +€39,374
up €39,374 (+444%), from €8,867 to €48,241
- Debts after one year -€7,652
down €7,652 (-48.9%), from €15,637 to €7,985
- Trade debts -€5,778
down €5,778 (-34.0%), from €16,969 to €11,191
- Tax, wage and social debts -€3,165
down €3,165 (-21.7%), from €14,614 to €11,449
of which Taxes: -€3,311
- Gross operating margin -€67,223
down €67,223 (-45.9%), from €146,524 to €79,301
- Staff costs +€38,974
up €38,974 (+41.0%), from €94,996 to €133,971
- Taxes -€5,335
down €5,335 (-92.5%), from €5,765 to €430
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 | €276,095 | €210,101 | -€65,994 | -23.9% |
| Fixed assets | 21/28 | €90,788 | €62,125 | -€28,662 | -31.6% |
| Tangible fixed assets | 22/27 | €88,710 | €60,347 | -€28,362 | -32.0% |
| Land and buildings | 22 | €1,371 | €1,233 | -€138 | -10.1% |
| Plant, machinery and equipment | 23 | €37,351 | €22,469 | -€14,882 | -39.8% |
| Furniture and vehicles | 24 | €49,987 | €36,645 | -€13,343 | -26.7% |
| Financial fixed assets | 28 | €2,078 | €1,778 | -€300 | -14.4% |
| Current assets | 29/58 | €185,307 | €147,976 | -€37,332 | -20.1% |
| Amounts receivable within one year | 40/41 | €47,674 | €124,203 | +€76,529 | +161% |
| Trade receivables | 40 | €38,541 | €115,558 | +€77,017 | +200% |
| Other amounts receivable | 41 | €9,133 | €8,645 | -€488 | -5.3% |
| Cash at bank and in hand | 54/58 | €135,591 | €20,890 | -€114,700 | -84.6% |
| Deferred charges and accrued income | 490/1 | €2,043 | €2,882 | +€840 | +41.1% |
| Total equity and liabilities | 10/49 | €276,095 | €210,101 | -€65,994 | -23.9% |
| Equity | 10/15 | €210,309 | €119,715 | -€90,594 | -43.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,709 | €101,115 | -€90,594 | -47.3% |
| Tax-exempt reserves | 132 | €29,131 | €0 | -€29,131 | -100% |
| Distributable reserves | 133 | €162,579 | €101,115 | -€61,464 | -37.8% |
| Amounts payable | 17/49 | €65,786 | €90,386 | +€24,600 | +37.4% |
| Amounts payable after more than one year | 17 | €15,637 | €7,985 | -€7,652 | -48.9% |
| Financial debts | 170/4 | €15,637 | €7,985 | -€7,652 | -48.9% |
| Amounts payable within one year | 42/48 | €50,149 | €82,401 | +€32,253 | +64.3% |
| Current portion of amounts payable after more than one year | 42 | €7,334 | €7,652 | +€318 | +4.3% |
| Financial debts | 43 | €2,365 | €3,868 | +€1,503 | +63.6% |
| Credit institutions | 430/8 | €2,365 | €3,868 | +€1,503 | +63.6% |
| Trade debts | 44 | €16,969 | €11,191 | -€5,778 | -34.0% |
| Suppliers | 440/4 | €16,969 | €11,191 | -€5,778 | -34.0% |
| Taxes, remuneration and social security | 45 | €14,614 | €11,449 | -€3,165 | -21.7% |
| Taxes | 450/3 | €3,966 | €655 | -€3,311 | -83.5% |
| Remuneration and social security | 454/9 | €10,647 | €10,794 | +€146 | +1.4% |
| Other amounts payable | 47/48 | €8,867 | €48,241 | +€39,374 | +444% |
| Remuneration, social security and pensions | 62 | €94,996 | €133,971 | +€38,974 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,187 | €29,900 | -€287 | -1.0% |
| Other operating charges | 640/8 | €1,011 | €1,088 | +€77 | +7.6% |
| Non-recurring operating charges | 66A | - | €440 | +€440 | |
| Gross operating margin | 9900 | €146,524 | €79,301 | -€67,223 | -45.9% |
| Operating profit (loss) | 9901 | €20,330 | -€86,098 | -€106,428 | |
| Financial income | 75/76B | €18 | €145 | +€127 | +694% |
| Recurring financial income | 75 | €18 | €145 | +€127 | +694% |
| Financial charges | 65/66B | €4,779 | €4,212 | -€567 | -11.9% |
| Recurring financial charges | 65 | €4,779 | €4,212 | -€567 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €15,569 | -€90,164 | -€105,733 | |
| Income taxes | 67/77 | €5,765 | €430 | -€5,335 | -92.5% |
| Profit (loss) for the period | 9904 | €9,804 | -€90,594 | -€100,398 | |
| Transfer from tax-exempt reserves | 789 | - | €29,131 | +€29,131 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,804 | -€61,464 | -€71,268 |
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 24 October 2026 via checked.be.