EXPRESS GLOBAL SERVICES: 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 GLOBAL SERVICES
Largest movements
- Receivables within one year +€133,790
up €133,790 (+5,352%), from €2,500 to €136,290
of which Other amounts receivable: +€72,239
- Financial fixed assets +€24,000
new in 2024: €24,000
- Tangible fixed assets +€10,092
up €10,092 (+37.1%), from €27,200 to €37,292
of which Furniture and vehicles: +€20,092
- Cash +€2,170
up €2,170 (+117,322%), from €2 to €2,172
mainly Trade debts (+€64,887) and Net result for the year (+€59,537)
- Trade debts +€64,887
up €64,887 (+348%), from €18,655 to €83,542
- Profit (loss) carried forward +€59,537
up €59,537 (+32,422%), from €184 to €59,721
- Tax, wage and social debts +€45,629
up €45,629 (+555%), from €8,221 to €53,850
of which Taxes: +€43,378
- Turnover -€146,596
no longer reported in 2024 (was €146,596)
- Gross operating margin +€141,266
up €141,266 (+1,149%), from €12,290 to €153,556
- Purchases and services -€134,306
no longer reported in 2024 (was €134,306)
- Staff costs +€42,980
up €42,980 (+589%), from €7,299 to €50,279
- Taxes +€20,892
up €20,892 (+19,292%), from €108 to €21,000
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.
Derived cash bridge
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 | €29,702 | €199,754 | +€170,052 | +573% |
| Fixed assets | 21/28 | €27,200 | €61,292 | +€34,092 | +125% |
| Tangible fixed assets | 22/27 | €27,200 | €37,292 | +€10,092 | +37.1% |
| Furniture and vehicles | 24 | €17,200 | €37,292 | +€20,092 | +117% |
| Assets under construction and advance payments | 27 | €10,000 | - | -€10,000 | |
| Financial fixed assets | 28 | - | €24,000 | +€24,000 | |
| Current assets | 29/58 | €2,502 | €138,462 | +€135,960 | +5,434% |
| Amounts receivable within one year | 40/41 | €2,500 | €136,290 | +€133,790 | +5,352% |
| Trade receivables | 40 | €2,500 | €64,051 | +€61,551 | +2,462% |
| Other amounts receivable | 41 | - | €72,239 | +€72,239 | |
| Cash at bank and in hand | 54/58 | €2 | €2,172 | +€2,170 | +117,322% |
| Total equity and liabilities | 10/49 | €29,702 | €199,754 | +€170,052 | +573% |
| Equity | 10/15 | €2,825 | €62,362 | +€59,537 | +2,108% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €141 | €141 | = | 0.0% |
| Non-distributable reserves | 130/1 | €141 | €141 | = | 0.0% |
| Legal reserve | 130 | €141 | €141 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184 | €59,721 | +€59,537 | +32,422% |
| Amounts payable | 17/49 | €26,877 | €137,392 | +€110,515 | +411% |
| Amounts payable within one year | 42/48 | €26,877 | €137,392 | +€110,515 | +411% |
| Trade debts | 44 | €18,655 | €83,542 | +€64,887 | +348% |
| Suppliers | 440/4 | €18,655 | €83,542 | +€64,887 | +348% |
| Taxes, remuneration and social security | 45 | €8,221 | €53,850 | +€45,629 | +555% |
| Taxes | 450/3 | €6,379 | €49,758 | +€43,378 | +680% |
| Remuneration and social security | 454/9 | €1,842 | €4,093 | +€2,251 | +122% |
| Turnover | 70 | €146,596 | - | -€146,596 | |
| Goods, raw materials, services and sundry goods | 60/61 | €134,306 | - | -€134,306 | |
| Remuneration, social security and pensions | 62 | €7,299 | €50,279 | +€42,980 | +589% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €13,298 | +€11,298 | +565% |
| Other operating charges | 640/8 | - | €9,115 | +€9,115 | |
| Gross operating margin | 9900 | €12,290 | €153,556 | +€141,266 | +1,149% |
| Operating profit (loss) | 9901 | €2,991 | €80,864 | +€77,873 | +2,603% |
| Financial charges | 65/66B | €58 | €327 | +€269 | +463% |
| Recurring financial charges | 65 | €58 | €327 | +€269 | +463% |
| Profit (loss) for the period before taxes | 9903 | €2,933 | €80,537 | +€77,604 | +2,646% |
| Income taxes | 67/77 | €108 | €21,000 | +€20,892 | +19,292% |
| Profit (loss) for the period | 9904 | €2,825 | €59,537 | +€56,712 | +2,008% |
| Profit (loss) for the period to be appropriated | 9905 | €2,825 | €59,537 | +€56,712 | +2,008% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.