EXPRESS CONSTRUCT: 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 CONSTRUCT
Largest movements
- Stocks and contracts +€47,051
up €47,051 (+14.7%), from €319,383 to €366,435
- Cash +€17,947
up €17,947 (+110.5%), from €16,246 to €34,193
mainly Net result for the year (+€61,760) and Trade debts (+€21,797)
- Receivables within one year -€15,054
down €15,054 (-38.6%), from €39,045 to €23,991
of which Trade receivables: -€17,028
- Tangible fixed assets +€11,212
up €11,212 (+164.4%), from €6,820 to €18,032
of which Plant, machinery and equipment: +€7,029
- Reserves +€61,760
up €61,760 (+49.4%), from €125,140 to €186,900
of which Distributable reserves: +€61,760
- Tax, wage and social debts -€30,400
down €30,400 (-55.2%), from €55,077 to €24,677
- Trade debts +€21,797
up €21,797 (+11.9%), from €182,677 to €204,474
- Other debts +€8,000
new in 2024: €8,000
- Gross operating margin -€31,512
down €31,512 (-23.4%), from €134,538 to €103,026
- Taxes +€18,084
up €18,084 (+4343.3%), from €416 to €18,500
- Financial charges +€10,415
up €10,415 (+715.2%), from €1,456 to €11,871
- Depreciation +€4,477
up €4,477 (+165.2%), from €2,710 to €7,187
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 | €381,494 | €442,651 | +€61,156 | +16.0% |
| Fixed assets | 21/28 | €6,820 | €18,032 | +€11,212 | +164.4% |
| Tangible fixed assets | 22/27 | €6,820 | €18,032 | +€11,212 | +164.4% |
| Plant, machinery and equipment | 23 | - | €7,029 | +€7,029 | |
| Furniture and vehicles | 24 | €5,800 | €10,493 | +€4,693 | +80.9% |
| Other tangible fixed assets | 26 | €1,020 | €510 | -€510 | -50.0% |
| Current assets | 29/58 | €374,674 | €424,619 | +€49,944 | +13.3% |
| Stocks and contracts in progress | 3 | €319,383 | €366,435 | +€47,051 | +14.7% |
| Stocks | 30/36 | €319,383 | €366,435 | +€47,051 | +14.7% |
| Amounts receivable within one year | 40/41 | €39,045 | €23,991 | -€15,054 | -38.6% |
| Trade receivables | 40 | €32,077 | €15,049 | -€17,028 | -53.1% |
| Other amounts receivable | 41 | €6,968 | €8,942 | +€1,974 | +28.3% |
| Cash at bank and in hand | 54/58 | €16,246 | €34,193 | +€17,947 | +110.5% |
| Total equity and liabilities | 10/49 | €381,494 | €442,651 | +€61,156 | +16.0% |
| Equity | 10/15 | €143,740 | €205,500 | +€61,760 | +43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,140 | €186,900 | +€61,760 | +49.4% |
| 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 | €123,280 | €185,040 | +€61,760 | +50.1% |
| Amounts payable | 17/49 | €237,754 | €237,151 | -€603 | -0.3% |
| Amounts payable within one year | 42/48 | €237,754 | €237,151 | -€603 | -0.3% |
| Trade debts | 44 | €182,677 | €204,474 | +€21,797 | +11.9% |
| Suppliers | 440/4 | €182,677 | €204,474 | +€21,797 | +11.9% |
| Taxes, remuneration and social security | 45 | €55,077 | €24,677 | -€30,400 | -55.2% |
| Taxes | 450/3 | €55,077 | €24,677 | -€30,400 | -55.2% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,710 | €7,187 | +€4,477 | +165.2% |
| Other operating charges | 640/8 | €3,452 | €3,219 | -€233 | -6.7% |
| Non-recurring operating charges | 66A | €116 | €575 | +€459 | +395.6% |
| Gross operating margin | 9900 | €134,538 | €103,026 | -€31,512 | -23.4% |
| Operating profit (loss) | 9901 | €128,260 | €92,045 | -€36,215 | -28.2% |
| Financial income | 75/76B | €158 | €86 | -€72 | -45.6% |
| Recurring financial income | 75 | €158 | €86 | -€72 | -45.6% |
| Financial charges | 65/66B | €1,456 | €11,871 | +€10,415 | +715.2% |
| Recurring financial charges | 65 | €1,456 | €11,871 | +€10,415 | +715.2% |
| Profit (loss) for the period before taxes | 9903 | €126,962 | €80,260 | -€46,702 | -36.8% |
| Income taxes | 67/77 | €416 | €18,500 | +€18,084 | +4343.3% |
| Profit (loss) for the period | 9904 | €126,546 | €61,760 | -€64,786 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €126,546 | €61,760 | -€64,786 | -51.2% |
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 28 September 2026 via checked.be.