Express.be: 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.be
Largest movements
- Receivables within one year -€3,530
down €3,530 (-7.2%), from €49,265 to €45,735
of which Other amounts receivable: -€4,551
- Cash -€991
down €991 (-50.3%), from €1,971 to €980
mainly Contributions, distributions and other (-€10,000)
- Reserves -€6,971
down €6,971 (-51.0%), from €13,656 to €6,685
of which Distributable reserves: -€6,971
- Tax, wage and social debts +€1,939
up €1,939 (+40.1%), from €4,841 to €6,780
- Financial income -€3,271
down €3,271 (-100.0%), from €3,271 to €0
- Gross operating margin -€2,300
down €2,300 (-28.4%), from €8,109 to €5,808
- Taxes -€851
down €851 (-30.5%), from €2,790 to €1,939
- Depreciation -€133
down €133 (-32.6%), from €409 to €275
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.
Cash bridge derived
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 | €51,755 | €46,959 | -€4,796 | -9.3% |
| Fixed assets | 21/28 | €519 | €244 | -€275 | -53.1% |
| Tangible fixed assets | 22/27 | €519 | €244 | -€275 | -53.1% |
| Furniture and vehicles | 24 | €519 | €244 | -€275 | -53.1% |
| Current assets | 29/58 | €51,236 | €46,715 | -€4,521 | -8.8% |
| Amounts receivable within one year | 40/41 | €49,265 | €45,735 | -€3,530 | -7.2% |
| Trade receivables | 40 | €3,807 | €4,827 | +€1,021 | +26.8% |
| Other amounts receivable | 41 | €45,459 | €40,908 | -€4,551 | -10.0% |
| Cash at bank and in hand | 54/58 | €1,971 | €980 | -€991 | -50.3% |
| Total equity and liabilities | 10/49 | €51,755 | €46,959 | -€4,796 | -9.3% |
| Equity | 10/15 | €45,401 | €38,430 | -€6,971 | -15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,656 | €6,685 | -€6,971 | -51.0% |
| 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 | €11,796 | €4,825 | -€6,971 | -59.1% |
| Profit (loss) carried forward | 14 | €13,145 | €13,145 | = | 0.0% |
| Amounts payable | 17/49 | €6,354 | €8,529 | +€2,175 | +34.2% |
| Amounts payable within one year | 42/48 | €5,354 | €7,529 | +€2,175 | +40.6% |
| Trade debts | 44 | €513 | €749 | +€236 | +46.0% |
| Suppliers | 440/4 | €513 | €749 | +€236 | +46.0% |
| Taxes, remuneration and social security | 45 | €4,841 | €6,780 | +€1,939 | +40.1% |
| Taxes | 450/3 | €4,841 | €6,780 | +€1,939 | +40.1% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €409 | €275 | -€133 | -32.6% |
| Other operating charges | 640/8 | €454 | €400 | -€54 | -12.0% |
| Gross operating margin | 9900 | €8,109 | €5,808 | -€2,300 | -28.4% |
| Operating profit (loss) | 9901 | €7,246 | €5,134 | -€2,113 | -29.2% |
| Financial income | 75/76B | €3,271 | €0 | -€3,271 | -100.0% |
| Recurring financial income | 75 | €3,271 | €0 | -€3,271 | -100.0% |
| Financial charges | 65/66B | €116 | €166 | +€51 | +43.7% |
| Recurring financial charges | 65 | €116 | €166 | +€51 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €10,401 | €4,967 | -€5,434 | -52.2% |
| Income taxes | 67/77 | €2,790 | €1,939 | -€851 | -30.5% |
| Profit (loss) for the period | 9904 | €7,612 | €3,029 | -€4,583 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,612 | €3,029 | -€4,583 | -60.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.