EXPRESS CONGRES: 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 CONGRES
Largest movements
- Tangible fixed assets +€218,260
up €218,260 (+103%), from €211,249 to €429,509
of which Other tangible fixed assets: +€214,646
- Receivables within one year -€119,267
down €119,267 (-28.1%), from €424,575 to €305,308
of which Other amounts receivable: -€127,725
- Cash -€24,959
down €24,959 (-53.2%), from €46,940 to €21,981
mainly Investment in fixed assets (net) (-€276,768) and Trade debts (-€80,697)
- Stocks and contracts +€9,859
up €9,859 (+11.6%), from €84,700 to €94,558
- Debts after one year +€119,537
new in 2026: €119,537
- Trade debts -€80,697
down €80,697 (-23.3%), from €346,170 to €265,473
- Other debts -€79,834
down €79,834 (-38.5%), from €207,275 to €127,441
- Accrued charges and deferred income +€67,732
up €67,732 (+181%), from €37,409 to €105,141
- Current portion of long-term debt +€47,420
up €47,420 (+474%), from €9,998 to €57,418
- Gross operating margin +€71,546
up €71,546 (+22.2%), from €321,730 to €393,276
- Staff costs +€51,035
up €51,035 (+20.4%), from €249,728 to €300,763
- Other operating charges -€12,521
down €12,521 (-64.7%), from €19,339 to €6,818
- Financial charges +€11,399
up €11,399 (+31.6%), from €36,052 to €47,451
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €788,689 | €873,390 | +€84,701 | +10.7% |
| Fixed assets | 21/28 | €211,249 | €429,509 | +€218,260 | +103% |
| Tangible fixed assets | 22/27 | €211,249 | €429,509 | +€218,260 | +103% |
| Plant, machinery and equipment | 23 | €72,299 | €78,577 | +€6,278 | +8.7% |
| Furniture and vehicles | 24 | €6,791 | €4,128 | -€2,664 | -39.2% |
| Other tangible fixed assets | 26 | €132,159 | €346,804 | +€214,646 | +162% |
| Current assets | 29/58 | €577,440 | €443,881 | -€133,559 | -23.1% |
| Stocks and contracts in progress | 3 | €84,700 | €94,558 | +€9,859 | +11.6% |
| Stocks | 30/36 | €84,700 | €94,558 | +€9,859 | +11.6% |
| Amounts receivable within one year | 40/41 | €424,575 | €305,308 | -€119,267 | -28.1% |
| Trade receivables | 40 | €8,573 | €17,031 | +€8,458 | +98.7% |
| Other amounts receivable | 41 | €416,002 | €288,277 | -€127,725 | -30.7% |
| Cash at bank and in hand | 54/58 | €46,940 | €21,981 | -€24,959 | -53.2% |
| Deferred charges and accrued income | 490/1 | €21,226 | €22,034 | +€808 | +3.8% |
| Total equity and liabilities | 10/49 | €788,689 | €873,390 | +€84,701 | +10.7% |
| Equity | 10/15 | €156,342 | €136,263 | -€20,079 | -12.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €125,000 | €125,000 | = | 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% |
| Distributable reserves | 133 | €122,000 | €122,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,819 | -€6,839 | -€16,658 | |
| Investment grants | 15 | €9,123 | €5,702 | -€3,421 | -37.5% |
| Amounts payable | 17/49 | €632,347 | €737,127 | +€104,780 | +16.6% |
| Amounts payable after more than one year | 17 | - | €119,537 | +€119,537 | |
| Financial debts | 170/4 | - | €119,537 | +€119,537 | |
| Amounts payable within one year | 42/48 | €594,938 | €512,449 | -€82,490 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €9,998 | €57,418 | +€47,420 | +474% |
| Trade debts | 44 | €346,170 | €265,473 | -€80,697 | -23.3% |
| Suppliers | 440/4 | €346,170 | €265,473 | -€80,697 | -23.3% |
| Taxes, remuneration and social security | 45 | €31,495 | €62,116 | +€30,621 | +97.2% |
| Taxes | 450/3 | €705 | €2,695 | +€1,990 | +282% |
| Remuneration and social security | 454/9 | €30,790 | €59,421 | +€28,631 | +93.0% |
| Other amounts payable | 47/48 | €207,275 | €127,441 | -€79,834 | -38.5% |
| Accrued charges and deferred income | 492/3 | €37,409 | €105,141 | +€67,732 | +181% |
| Remuneration, social security and pensions | 62 | €249,728 | €300,763 | +€51,035 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,701 | €58,508 | +€2,807 | +5.0% |
| Other operating charges | 640/8 | €19,339 | €6,818 | -€12,521 | -64.7% |
| Gross operating margin | 9900 | €321,730 | €393,276 | +€71,546 | +22.2% |
| Operating profit (loss) | 9901 | -€3,037 | €27,187 | +€30,224 | |
| Financial income | 75/76B | €3,719 | €3,931 | +€212 | +5.7% |
| Recurring financial income | 75 | €3,719 | €3,931 | +€212 | +5.7% |
| Financial charges | 65/66B | €36,052 | €47,451 | +€11,399 | +31.6% |
| Recurring financial charges | 65 | €36,052 | €47,451 | +€11,399 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,370 | -€16,332 | +€19,038 | +53.8% |
| Income taxes | 67/77 | €348 | €326 | -€23 | -6.5% |
| Profit (loss) for the period | 9904 | -€35,718 | -€16,658 | +€19,060 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,718 | -€16,658 | +€19,060 | +53.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.