EXPRESS GRETRY: 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 GRETRY
Largest movements
- Tangible fixed assets +€153,257
up €153,257 (+130%), from €117,810 to €271,067
of which Plant, machinery and equipment: +€103,377
- Receivables within one year -€52,420
down €52,420 (-70.8%), from €74,053 to €21,633
of which Trade receivables: -€50,345
- Cash -€12,341
down €12,341 (-12.7%), from €97,053 to €84,712
mainly Investment in fixed assets (net) (-€208,137) and Trade debts (-€77,842)
- Stocks and contracts +€4,903
up €4,903 (+5.5%), from €89,479 to €94,382
- Debts after one year +€126,648
up €126,648 (+273%), from €46,416 to €173,063
- Trade debts -€77,842
down €77,842 (-37.2%), from €209,457 to €131,615
- Current portion of long-term debt +€27,756
up €27,756 (+87.1%), from €31,850 to €59,606
- Profit (loss) carried forward +€22,387
up €22,387 (+94.3%), from €23,730 to €46,118
- Gross operating margin +€27,961
up €27,961 (+15.1%), from €185,146 to €213,107
- Depreciation +€23,199
up €23,199 (+72.9%), from €31,839 to €55,038
- Financial charges +€6,305
up €6,305 (+56.0%), from €11,262 to €17,568
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 | €387,551 | €480,185 | +€92,634 | +23.9% |
| Formation expenses | 20 | €366 | €157 | -€210 | -57.2% |
| Fixed assets | 21/28 | €117,919 | €271,227 | +€153,308 | +130% |
| Tangible fixed assets | 22/27 | €117,810 | €271,067 | +€153,257 | +130% |
| Plant, machinery and equipment | 23 | €106,655 | €210,031 | +€103,377 | +96.9% |
| Furniture and vehicles | 24 | €9,665 | €59,926 | +€50,261 | +520% |
| Other tangible fixed assets | 26 | €1,490 | €1,110 | -€380 | -25.5% |
| Financial fixed assets | 28 | €109 | €160 | +€51 | +46.3% |
| Current assets | 29/58 | €269,265 | €208,801 | -€60,464 | -22.5% |
| Stocks and contracts in progress | 3 | €89,479 | €94,382 | +€4,903 | +5.5% |
| Stocks | 30/36 | €89,479 | €94,382 | +€4,903 | +5.5% |
| Amounts receivable within one year | 40/41 | €74,053 | €21,633 | -€52,420 | -70.8% |
| Trade receivables | 40 | €67,059 | €16,714 | -€50,345 | -75.1% |
| Other amounts receivable | 41 | €6,994 | €4,918 | -€2,075 | -29.7% |
| Cash at bank and in hand | 54/58 | €97,053 | €84,712 | -€12,341 | -12.7% |
| Deferred charges and accrued income | 490/1 | €8,681 | €8,075 | -€606 | -7.0% |
| Total equity and liabilities | 10/49 | €387,551 | €480,185 | +€92,634 | +23.9% |
| Equity | 10/15 | €63,730 | €86,118 | +€22,387 | +35.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Contributions outside capital | 11 | €40,000 | - | -€40,000 | |
| Other | 1109/19 | €40,000 | - | -€40,000 | |
| Profit (loss) carried forward | 14 | €23,730 | €46,118 | +€22,387 | +94.3% |
| Amounts payable | 17/49 | €323,820 | €394,067 | +€70,247 | +21.7% |
| Amounts payable after more than one year | 17 | €46,416 | €173,063 | +€126,648 | +273% |
| Financial debts | 170/4 | €46,416 | €173,063 | +€126,648 | +273% |
| Amounts payable within one year | 42/48 | €272,608 | €221,004 | -€51,604 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €31,850 | €59,606 | +€27,756 | +87.1% |
| Trade debts | 44 | €209,457 | €131,615 | -€77,842 | -37.2% |
| Suppliers | 440/4 | €209,457 | €131,615 | -€77,842 | -37.2% |
| Taxes, remuneration and social security | 45 | €31,301 | €29,783 | -€1,519 | -4.9% |
| Taxes | 450/3 | €6,497 | €8,667 | +€2,169 | +33.4% |
| Remuneration and social security | 454/9 | €24,804 | €21,116 | -€3,688 | -14.9% |
| Accrued charges and deferred income | 492/3 | €4,796 | - | -€4,796 | |
| Remuneration, social security and pensions | 62 | €110,999 | €110,734 | -€265 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,839 | €55,038 | +€23,199 | +72.9% |
| Other operating charges | 640/8 | €2,365 | €3,127 | +€762 | +32.2% |
| Gross operating margin | 9900 | €185,146 | €213,107 | +€27,961 | +15.1% |
| Operating profit (loss) | 9901 | €39,943 | €44,208 | +€4,265 | +10.7% |
| Financial income | 75/76B | €684 | €116 | -€568 | -83.0% |
| Recurring financial income | 75 | €684 | €116 | -€568 | -83.0% |
| Financial charges | 65/66B | €11,262 | €17,568 | +€6,305 | +56.0% |
| Recurring financial charges | 65 | €11,262 | €17,568 | +€6,305 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €29,364 | €26,756 | -€2,608 | -8.9% |
| Income taxes | 67/77 | €6,497 | €4,369 | -€2,128 | -32.8% |
| Profit (loss) for the period | 9904 | €22,867 | €22,387 | -€480 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,867 | €22,387 | -€480 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.