EXPOVEMO: 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.
EXPOVEMO
Largest movements
- Cash +€22,956
up €22,956 (+13.4%), from €170,732 to €193,688
mainly Depreciation (+€23,751) and Net result for the year (+€15,334)
- Receivables within one year -€14,752
down €14,752 (-51.5%), from €28,661 to €13,909
of which Trade receivables: -€18,728
- Tangible fixed assets -€8,376
down €8,376 (-19.8%), from €42,217 to €33,841
of which Plant, machinery and equipment: -€4,612
- Intangible fixed assets -€8,000
down €8,000 (-54.6%), from €14,641 to €6,641
- Reserves +€14,501
up €14,501 (+6.3%), from €230,506 to €245,007
- Trade debts -€9,693
down €9,693 (-26.3%), from €36,823 to €27,130
- Other debts +€6,464
up €6,464 (+157%), from €4,108 to €10,572
- Current portion of long-term debt -€5,954
down €5,954 (-63.6%), from €9,367 to €3,413
- Accrued charges and deferred income -€5,875
down €5,875 (-69.7%), from €8,425 to €2,551
- Gross operating margin -€62,033
down €62,033 (-56.9%), from €108,938 to €46,905
- Taxes -€14,932
down €14,932 (-72.0%), from €20,730 to €5,797
- Depreciation -€5,649
down €5,649 (-19.2%), from €29,400 to €23,751
- Write-downs -€1,171
new in 2025: -€1,171
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 | €319,172 | €310,470 | -€8,702 | -2.7% |
| Fixed assets | 21/28 | €56,969 | €40,593 | -€16,376 | -28.7% |
| Intangible fixed assets | 21 | €14,641 | €6,641 | -€8,000 | -54.6% |
| Tangible fixed assets | 22/27 | €42,217 | €33,841 | -€8,376 | -19.8% |
| Plant, machinery and equipment | 23 | €23,766 | €19,153 | -€4,612 | -19.4% |
| Furniture and vehicles | 24 | €10,494 | €8,765 | -€1,729 | -16.5% |
| Other tangible fixed assets | 26 | €7,957 | €5,922 | -€2,035 | -25.6% |
| Financial fixed assets | 28 | €111 | €111 | = | 0.0% |
| Current assets | 29/58 | €262,203 | €269,877 | +€7,674 | +2.9% |
| Stocks and contracts in progress | 3 | €2,000 | €4,500 | +€2,500 | +125% |
| Stocks | 30/36 | €2,000 | €4,500 | +€2,500 | +125% |
| Amounts receivable within one year | 40/41 | €28,661 | €13,909 | -€14,752 | -51.5% |
| Trade receivables | 40 | €26,592 | €7,864 | -€18,728 | -70.4% |
| Other amounts receivable | 41 | €2,069 | €6,046 | +€3,976 | +192% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €170,732 | €193,688 | +€22,956 | +13.4% |
| Deferred charges and accrued income | 490/1 | €10,809 | €7,780 | -€3,030 | -28.0% |
| Total equity and liabilities | 10/49 | €319,172 | €310,470 | -€8,702 | -2.7% |
| Equity | 10/15 | €250,506 | €265,007 | +€14,501 | +5.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €230,506 | €245,007 | +€14,501 | +6.3% |
| Distributable reserves | 133 | €230,506 | €245,007 | +€14,501 | +6.3% |
| Amounts payable | 17/49 | €68,667 | €45,464 | -€23,203 | -33.8% |
| Amounts payable after more than one year | 17 | €3,413 | - | -€3,413 | |
| Financial debts | 170/4 | €3,413 | - | -€3,413 | |
| Amounts payable within one year | 42/48 | €56,828 | €42,913 | -€13,916 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €9,367 | €3,413 | -€5,954 | -63.6% |
| Trade debts | 44 | €36,823 | €27,130 | -€9,693 | -26.3% |
| Suppliers | 440/4 | €36,823 | €27,130 | -€9,693 | -26.3% |
| Advances received on contracts in progress | 46 | €300 | - | -€300 | |
| Taxes, remuneration and social security | 45 | €6,230 | €1,797 | -€4,432 | -71.1% |
| Taxes | 450/3 | €6,230 | €1,797 | -€4,432 | -71.1% |
| Other amounts payable | 47/48 | €4,108 | €10,572 | +€6,464 | +157% |
| Accrued charges and deferred income | 492/3 | €8,425 | €2,551 | -€5,875 | -69.7% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,400 | €23,751 | -€5,649 | -19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,171 | -€1,171 | |
| Other operating charges | 640/8 | €2,644 | €3,451 | +€807 | +30.5% |
| Gross operating margin | 9900 | €108,938 | €46,905 | -€62,033 | -56.9% |
| Operating profit (loss) | 9901 | €76,893 | €20,874 | -€56,019 | -72.9% |
| Financial income | 75/76B | €735 | €1,244 | +€509 | +69.3% |
| Recurring financial income | 75 | €735 | €1,244 | +€509 | +69.3% |
| Financial charges | 65/66B | €1,783 | €986 | -€797 | -44.7% |
| Recurring financial charges | 65 | €1,783 | €986 | -€797 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €75,846 | €21,132 | -€54,714 | -72.1% |
| Income taxes | 67/77 | €20,730 | €5,797 | -€14,932 | -72.0% |
| Profit (loss) for the period | 9904 | €55,116 | €15,334 | -€39,781 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,116 | €15,334 | -€39,781 | -72.2% |
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 15 October 2026 via checked.be.