EXPRESS 2: what changed
Two fiscal 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 2
Largest movements
- Tangible fixed assets -€12,932
down €12,932 (-18.9%), from €68,272 to €55,341
of which Furniture and vehicles: -€10,913
- Stocks and contracts +€4,516
new in 2024: €4,516
- Cash +€2,260
up €2,260 (+2.9%), from €78,026 to €80,286
mainly Depreciation (+€16,212) and Tax, wage and social debts (+€3,366)
- Receivables within one year +€2,091
up €2,091 (+6.4%), from €32,824 to €34,915
of which Other amounts receivable: +€2,564
- Trade debts -€8,189
down €8,189 (-9.7%), from €84,836 to €76,647
- Tax, wage and social debts +€3,366
up €3,366 (+23.7%), from €14,217 to €17,583
of which Taxes: +€2,407
- Staff costs +€16,008
up €16,008 (+10.3%), from €155,937 to €171,946
- Gross operating margin +€8,583
up €8,583 (+4.6%), from €185,763 to €194,346
- Depreciation +€6,874
up €6,874 (+73.6%), from €9,338 to €16,212
- Other operating charges -€3,634
down €3,634 (-66.3%), from €5,480 to €1,846
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,579 | €179,522 | -€4,057 | -2.2% |
| Fixed assets | 21/28 | €70,272 | €56,841 | -€13,432 | -19.1% |
| Intangible fixed assets | 21 | €2,000 | €1,500 | -€500 | -25.0% |
| Tangible fixed assets | 22/27 | €68,272 | €55,341 | -€12,932 | -18.9% |
| Plant, machinery and equipment | 23 | €17,622 | €16,106 | -€1,516 | -8.6% |
| Furniture and vehicles | 24 | €46,482 | €35,569 | -€10,913 | -23.5% |
| Other tangible fixed assets | 26 | €4,168 | €3,666 | -€502 | -12.0% |
| Current assets | 29/58 | €113,307 | €122,682 | +€9,375 | +8.3% |
| Stocks and contracts in progress | 3 | - | €4,516 | +€4,516 | |
| Stocks | 30/36 | - | €4,516 | +€4,516 | |
| Amounts receivable within one year | 40/41 | €32,824 | €34,915 | +€2,091 | +6.4% |
| Trade receivables | 40 | €17,578 | €17,105 | -€473 | -2.7% |
| Other amounts receivable | 41 | €15,246 | €17,810 | +€2,564 | +16.8% |
| Cash at bank and in hand | 54/58 | €78,026 | €80,286 | +€2,260 | +2.9% |
| Deferred charges and accrued income | 490/1 | €2,457 | €2,965 | +€508 | +20.7% |
| Total equity and liabilities | 10/49 | €183,579 | €179,522 | -€4,057 | -2.2% |
| Equity | 10/15 | €83,876 | €84,642 | +€766 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,332 | €55,332 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,472 | €53,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,945 | €10,711 | +€766 | +7.7% |
| Amounts payable | 17/49 | €99,703 | €94,880 | -€4,823 | -4.8% |
| Amounts payable within one year | 42/48 | €99,703 | €94,880 | -€4,823 | -4.8% |
| Trade debts | 44 | €84,836 | €76,647 | -€8,189 | -9.7% |
| Suppliers | 440/4 | €84,836 | €76,647 | -€8,189 | -9.7% |
| Taxes, remuneration and social security | 45 | €14,217 | €17,583 | +€3,366 | +23.7% |
| Taxes | 450/3 | €14,167 | €16,575 | +€2,407 | +17.0% |
| Remuneration and social security | 454/9 | €50 | €1,008 | +€959 | +1933.1% |
| Other amounts payable | 47/48 | €651 | €651 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €155,937 | €171,946 | +€16,008 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,338 | €16,212 | +€6,874 | +73.6% |
| Other operating charges | 640/8 | €5,480 | €1,846 | -€3,634 | -66.3% |
| Gross operating margin | 9900 | €185,763 | €194,346 | +€8,583 | +4.6% |
| Operating profit (loss) | 9901 | €15,008 | €4,342 | -€10,665 | -71.1% |
| Financial income | 75/76B | €2,141 | €1,718 | -€422 | -19.7% |
| Recurring financial income | 75 | €2,141 | €1 | -€2,140 | -100.0% |
| Non-recurring financial income | 76B | - | €1,718 | +€1,718 | |
| Financial charges | 65/66B | €2,651 | €1,223 | -€1,428 | -53.9% |
| Recurring financial charges | 65 | €2,651 | €382 | -€2,269 | -85.6% |
| Non-recurring financial charges | 66B | - | €840 | +€840 | |
| Profit (loss) for the period before taxes | 9903 | €14,497 | €4,838 | -€9,659 | -66.6% |
| Transfer from deferred taxes | 780 | €34 | - | -€34 | |
| Income taxes | 67/77 | €4,587 | €4,072 | -€515 | -11.2% |
| Profit (loss) for the period | 9904 | €9,945 | €766 | -€9,179 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,945 | €766 | -€9,179 | -92.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.