EXPRESS AV ROGIER: 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 AV ROGIER
Largest movements
- Cash -€122,699
down €122,699 (-87.6%), from €140,098 to €17,399
mainly Net result for the year (-€167,494) and Debts after one year (-€24,082)
- Receivables within one year -€35,945
down €35,945 (-76.7%), from €46,863 to €10,918
of which Trade receivables: -€43,381
- Tangible fixed assets -€28,743
down €28,743 (-25.0%), from €115,035 to €86,292
of which Plant, machinery and equipment: -€24,472
- Stocks and contracts -€19,604
down €19,604 (-26.9%), from €72,945 to €53,341
- Deferred charges and accrued income -€4,592
down €4,592 (-65.6%), from €6,998 to €2,406
- Profit (loss) carried forward -€167,494
down €167,494, from €5,675 to -€161,819
- Debts after one year -€24,082
down €24,082 (-50.9%), from €47,309 to €23,227
- Current portion of long-term debt -€15,443
down €15,443 (-36.0%), from €42,854 to €27,411
- Other debts -€4,197
down €4,197 (-18.2%), from €23,111 to €18,914
- Gross operating margin -€107,174
down €107,174 (-44.2%), from €242,272 to €135,098
- Staff costs -€25,191
down €25,191 (-19.0%), from €132,357 to €107,166
- Other operating charges +€5,534
up €5,534 (+156%), from €3,551 to €9,085
- Taxes -€5,465
no longer reported in 2025 (was €5,465)
- Financial charges -€5,053
down €5,053 (-39.4%), from €12,838 to €7,785
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 | €382,734 | €171,151 | -€211,583 | -55.3% |
| Fixed assets | 21/28 | €115,830 | €87,087 | -€28,743 | -24.8% |
| Tangible fixed assets | 22/27 | €115,035 | €86,292 | -€28,743 | -25.0% |
| Plant, machinery and equipment | 23 | €80,091 | €55,620 | -€24,472 | -30.6% |
| Furniture and vehicles | 24 | €1,055 | €7,573 | +€6,518 | +618% |
| Other tangible fixed assets | 26 | €33,889 | €23,100 | -€10,790 | -31.8% |
| Financial fixed assets | 28 | €795 | €795 | = | 0.0% |
| Current assets | 29/58 | €266,904 | €84,064 | -€182,840 | -68.5% |
| Stocks and contracts in progress | 3 | €72,945 | €53,341 | -€19,604 | -26.9% |
| Stocks | 30/36 | €72,945 | €53,341 | -€19,604 | -26.9% |
| Amounts receivable within one year | 40/41 | €46,863 | €10,918 | -€35,945 | -76.7% |
| Trade receivables | 40 | €43,381 | - | -€43,381 | |
| Other amounts receivable | 41 | €3,482 | €10,918 | +€7,436 | +214% |
| Cash at bank and in hand | 54/58 | €140,098 | €17,399 | -€122,699 | -87.6% |
| Deferred charges and accrued income | 490/1 | €6,998 | €2,406 | -€4,592 | -65.6% |
| Total equity and liabilities | 10/49 | €382,734 | €171,151 | -€211,583 | -55.3% |
| Equity | 10/15 | €30,675 | -€136,819 | -€167,494 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,675 | -€161,819 | -€167,494 | |
| Amounts payable | 17/49 | €352,059 | €307,969 | -€44,090 | -12.5% |
| Amounts payable after more than one year | 17 | €47,309 | €23,227 | -€24,082 | -50.9% |
| Financial debts | 170/4 | €47,309 | €23,227 | -€24,082 | -50.9% |
| Amounts payable within one year | 42/48 | €304,218 | €284,742 | -€19,476 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €42,854 | €27,411 | -€15,443 | -36.0% |
| Trade debts | 44 | €227,080 | €225,742 | -€1,338 | -0.6% |
| Suppliers | 440/4 | €227,080 | €225,742 | -€1,338 | -0.6% |
| Taxes, remuneration and social security | 45 | €11,173 | €12,675 | +€1,501 | +13.4% |
| Taxes | 450/3 | €5,465 | €274 | -€5,191 | -95.0% |
| Remuneration and social security | 454/9 | €5,708 | €12,401 | +€6,692 | +117% |
| Other amounts payable | 47/48 | €23,111 | €18,914 | -€4,197 | -18.2% |
| Accrued charges and deferred income | 492/3 | €532 | - | -€532 | |
| Remuneration, social security and pensions | 62 | €132,357 | €107,166 | -€25,191 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,303 | €41,256 | +€1,952 | +5.0% |
| Other operating charges | 640/8 | €3,551 | €9,085 | +€5,534 | +156% |
| Non-recurring operating charges | 66A | - | €137,302 | +€137,302 | |
| Gross operating margin | 9900 | €242,272 | €135,098 | -€107,174 | -44.2% |
| Operating profit (loss) | 9901 | €67,061 | -€159,710 | -€226,771 | |
| Financial income | 75/76B | €318 | €1 | -€317 | -99.6% |
| Recurring financial income | 75 | €318 | €1 | -€317 | -99.6% |
| Financial charges | 65/66B | €12,838 | €7,785 | -€5,053 | -39.4% |
| Recurring financial charges | 65 | €12,838 | €7,785 | -€5,053 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €54,541 | -€167,494 | -€222,034 | |
| Income taxes | 67/77 | €5,465 | - | -€5,465 | |
| Profit (loss) for the period | 9904 | €49,076 | -€167,494 | -€216,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,076 | -€167,494 | -€216,569 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.