Expound: what changed
Expound
Largest movements
- Tangible fixed assets +€10,757
up €10,757 (+12.5%), from €85,795 to €96,552
of which Furniture and vehicles: +€15,823
- Cash +€8,200
up €8,200 (+18.1%), from €45,341 to €53,541
mainly Net result for the year (+€17,710) and Other debts (+€13,707)
- Receivables within one year -€2,227
down €2,227 (-18.9%), from €11,785 to €9,558
- Reserves +€17,710
up €17,710 (+23.9%), from €74,199 to €91,909
- Other debts +€13,707
up €13,707 (+54.0%), from €25,369 to €39,076
- Current portion of long-term debt -€10,430
down €10,430 (-83.1%), from €12,545 to €2,116
- Tax, wage and social debts -€2,279
down €2,279 (-33.8%), from €6,748 to €4,469
- Debts after one year -€2,116
down €2,116 (-100%), from €2,116 to €0
- Depreciation +€7,416
up €7,416, from €0 to €7,416
- Gross operating margin +€3,441
up €3,441 (+10.2%), from €33,720 to €37,161
- Taxes +€2,932
up €2,932 (+74.2%), from €3,950 to €6,882
- Other operating charges -€872
down €872 (-23.5%), from €3,709 to €2,837
- Financial charges -€443
down €443 (-16.3%), from €2,727 to €2,284
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,087 | €159,651 | +€16,564 | +11.6% |
| Fixed assets | 21/28 | €85,795 | €96,552 | +€10,757 | +12.5% |
| Tangible fixed assets | 22/27 | €85,795 | €96,552 | +€10,757 | +12.5% |
| Land and buildings | 22 | €85,795 | €80,729 | -€5,066 | -5.9% |
| Furniture and vehicles | 24 | - | €15,823 | +€15,823 | |
| Current assets | 29/58 | €57,292 | €63,099 | +€5,808 | +10.1% |
| Amounts receivable within one year | 40/41 | €11,785 | €9,558 | -€2,227 | -18.9% |
| Trade receivables | 40 | €11,785 | €9,558 | -€2,227 | -18.9% |
| Cash at bank and in hand | 54/58 | €45,341 | €53,541 | +€8,200 | +18.1% |
| Deferred charges and accrued income | 490/1 | €165 | €0 | -€165 | -100% |
| Total equity and liabilities | 10/49 | €143,087 | €159,651 | +€16,564 | +11.6% |
| Equity | 10/15 | €94,199 | €111,909 | +€17,710 | +18.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €74,199 | €91,909 | +€17,710 | +23.9% |
| Distributable reserves | 133 | €74,199 | €91,909 | +€17,710 | +23.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €48,887 | €47,742 | -€1,146 | -2.3% |
| Amounts payable after more than one year | 17 | €2,116 | €0 | -€2,116 | -100% |
| Financial debts | 170/4 | €2,116 | €0 | -€2,116 | -100% |
| Amounts payable within one year | 42/48 | €44,910 | €45,912 | +€1,001 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €12,545 | €2,116 | -€10,430 | -83.1% |
| Trade debts | 44 | €248 | €251 | +€3 | +1.1% |
| Suppliers | 440/4 | €248 | €251 | +€3 | +1.1% |
| Taxes, remuneration and social security | 45 | €6,748 | €4,469 | -€2,279 | -33.8% |
| Taxes | 450/3 | €6,748 | €4,469 | -€2,279 | -33.8% |
| Other amounts payable | 47/48 | €25,369 | €39,076 | +€13,707 | +54.0% |
| Accrued charges and deferred income | 492/3 | €1,861 | €1,830 | -€31 | -1.7% |
| Remuneration, social security and pensions | 62 | €60 | €68 | +€7 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €7,416 | +€7,416 | |
| Other operating charges | 640/8 | €3,709 | €2,837 | -€872 | -23.5% |
| Non-recurring operating charges | 66A | €4 | €0 | -€4 | -100% |
| Gross operating margin | 9900 | €33,720 | €37,161 | +€3,441 | +10.2% |
| Operating profit (loss) | 9901 | €29,948 | €26,840 | -€3,108 | -10.4% |
| Financial income | 75/76B | €40 | €36 | -€4 | -10.9% |
| Recurring financial income | 75 | €40 | €36 | -€4 | -10.9% |
| Financial charges | 65/66B | €2,727 | €2,284 | -€443 | -16.3% |
| Recurring financial charges | 65 | €2,727 | €2,284 | -€443 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €27,261 | €24,592 | -€2,669 | -9.8% |
| Income taxes | 67/77 | €3,950 | €6,882 | +€2,932 | +74.2% |
| Profit (loss) for the period | 9904 | €23,311 | €17,710 | -€5,601 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,311 | €17,710 | -€5,601 | -24.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.