EXPRESS 17: 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.
EXPRESS 17
Largest movements
- Tangible fixed assets -€3,325
down €3,325 (-39.6%), from €8,402 to €5,077
- Cash -€1,755
down €1,755 (-25.1%), from €6,989 to €5,233
- Receivables within one year +€766
up €766 (+84.7%), from €904 to €1,670
of which Other amounts receivable: +€775
- Stocks and contracts -€538
down €538 (-16.9%), from €3,181 to €2,644
- Deferred charges and accrued income -€480
no longer reported in 2025 (was €480)
- Trade debts -€20,670
down €20,670 (-52.3%), from €39,545 to €18,875
- Profit (loss) carried forward +€11,880
up €11,880 (+5.5%), from -€216,878 to -€204,999
- Other debts +€8,357
up €8,357 (+5.9%), from €142,331 to €150,687
- Tax, wage and social debts -€4,899
down €4,899 (-26.5%), from €18,510 to €13,611
of which Taxes: -€4,405
- Gross operating margin +€10,674
up €10,674 (+103%), from €10,402 to €21,075
- Staff costs -€6,653
down €6,653 (-30.2%), from €22,029 to €15,375
- Depreciation -€996
down €996 (-43.1%), from €2,310 to €1,313
- Other operating charges -€782
down €782 (-58.9%), from €1,327 to €545
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,444 | €30,111 | -€5,333 | -15.0% |
| Fixed assets | 21/28 | €23,890 | €20,564 | -€3,325 | -13.9% |
| Tangible fixed assets | 22/27 | €8,402 | €5,077 | -€3,325 | -39.6% |
| Other tangible fixed assets | 26 | €8,402 | €5,077 | -€3,325 | -39.6% |
| Financial fixed assets | 28 | €15,488 | €15,488 | = | 0.0% |
| Current assets | 29/58 | €11,554 | €9,547 | -€2,007 | -17.4% |
| Stocks and contracts in progress | 3 | €3,181 | €2,644 | -€538 | -16.9% |
| Stocks | 30/36 | €3,181 | €2,644 | -€538 | -16.9% |
| Amounts receivable within one year | 40/41 | €904 | €1,670 | +€766 | +84.7% |
| Trade receivables | 40 | €74 | €65 | -€9 | -12.6% |
| Other amounts receivable | 41 | €830 | €1,605 | +€775 | +93.5% |
| Cash at bank and in hand | 54/58 | €6,989 | €5,233 | -€1,755 | -25.1% |
| Deferred charges and accrued income | 490/1 | €480 | - | -€480 | |
| Total equity and liabilities | 10/49 | €35,444 | €30,111 | -€5,333 | -15.0% |
| Equity | 10/15 | -€164,941 | -€153,062 | +€11,880 | +7.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €21,937 | €21,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,937 | €18,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,878 | -€204,999 | +€11,880 | +5.5% |
| Amounts payable | 17/49 | €200,385 | €183,173 | -€17,212 | -8.6% |
| Amounts payable within one year | 42/48 | €200,385 | €183,173 | -€17,212 | -8.6% |
| Trade debts | 44 | €39,545 | €18,875 | -€20,670 | -52.3% |
| Suppliers | 440/4 | €39,545 | €18,875 | -€20,670 | -52.3% |
| Taxes, remuneration and social security | 45 | €18,510 | €13,611 | -€4,899 | -26.5% |
| Taxes | 450/3 | €17,801 | €13,396 | -€4,405 | -24.7% |
| Remuneration and social security | 454/9 | €708 | €214 | -€494 | -69.7% |
| Other amounts payable | 47/48 | €142,331 | €150,687 | +€8,357 | +5.9% |
| Remuneration, social security and pensions | 62 | €22,029 | €15,375 | -€6,653 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €1,313 | -€996 | -43.1% |
| Other operating charges | 640/8 | €1,327 | €545 | -€782 | -58.9% |
| Gross operating margin | 9900 | €10,402 | €21,075 | +€10,674 | +103% |
| Operating profit (loss) | 9901 | -€15,263 | €3,842 | +€19,105 | |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €469 | €418 | -€50 | -10.7% |
| Recurring financial charges | 65 | €469 | €418 | -€50 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,707 | €3,423 | +€19,130 | |
| Income taxes | 67/77 | €971 | €914 | -€57 | -5.9% |
| Profit (loss) for the period | 9904 | -€16,678 | €2,509 | +€19,187 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,678 | €2,509 | +€19,187 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.