Express Heist: 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.
What changed
Express Heist
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,723
2024 · -€50,794+€49,071
Equity
€116,078
2024 · €117,800-€1,723
Cash
€36,576
2024 · €23,828+€12,748
Balance sheet total
€787,063
2024 · €764,247+€22,816
Largest movements
Assets
- Cash +€12,748
up €12,748 (+53.5%), from €23,828 to €36,576
mainly Trade debts (+€80,138) and Depreciation (+€63,459)
Equity and liabilities
- Trade debts +€80,138
up €80,138 (+73.8%), from €108,593 to €188,732
- Debts after one year -€61,526
down €61,526 (-14.7%), from €418,174 to €356,648
Income statement
- Gross operating margin +€40,450
up €40,450 (+31.8%), from €127,282 to €167,732
- Write-downs -€12,117
no longer reported in 2025 (was €12,117)
- Staff costs +€9,855
up €9,855 (+13.3%), from €73,906 to €83,761
- Financial charges -€2,447
down €2,447 (-10.8%), from €22,562 to €20,115
- Depreciation -€2,018
down €2,018 (-3.1%), from €65,477 to €63,459
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.
Result 2024
-€50,794
Gross operating margin
+€40,450
Staff costs
-€9,855
Depreciation
+€2,018
Write-downs
+€12,117
Other operating charges
+€1,891
Financial income
+€25
Financial charges
+€2,447
Taxes
-€21
Result 2025
-€1,723
raises the resultlowers the result
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.
From operations
+€132,851
Investment
-€65,511
Financing
-€54,593
Cash 2024
€23,828
From operations (derived)
+€132,851
Net result for the year
-€1,723
Depreciation
+€63,459
Stocks and contracts
+€197
Receivables within one year
-€924
Deferred charges and accrued income
-€7,290
Trade debts
+€80,138
Tax, wage and social debts
+€3,844
Other debts
-€4,850
Investment (derived)
-€65,511
Investment in fixed assets (net)
-€65,511
Financing
-€54,593
Debts after one year
-€61,526
Current portion of long-term debt
+€6,932
Cash 2025
€36,576
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,247 | €787,063 | +€22,816 | +3.0% |
| Fixed assets | 21/28 | €631,419 | €633,471 | +€2,052 | +0.3% |
| Tangible fixed assets | 22/27 | €631,419 | €633,471 | +€2,052 | +0.3% |
| Land and buildings | 22 | €528,000 | €520,567 | -€7,433 | -1.4% |
| Plant, machinery and equipment | 23 | €84,357 | €101,076 | +€16,719 | +19.8% |
| Furniture and vehicles | 24 | €19,062 | €11,828 | -€7,234 | -38.0% |
| Current assets | 29/58 | €132,827 | €153,592 | +€20,765 | +15.6% |
| Stocks and contracts in progress | 3 | €79,633 | €79,437 | -€197 | -0.2% |
| Stocks | 30/36 | €79,633 | €79,437 | -€197 | -0.2% |
| Amounts receivable within one year | 40/41 | €28,952 | €29,876 | +€924 | +3.2% |
| Trade receivables | 40 | - | €480 | +€480 | |
| Other amounts receivable | 41 | €28,952 | €29,396 | +€444 | +1.5% |
| Cash at bank and in hand | 54/58 | €23,828 | €36,576 | +€12,748 | +53.5% |
| Deferred charges and accrued income | 490/1 | €414 | €7,704 | +€7,290 | +1,761% |
| Total equity and liabilities | 10/49 | €764,247 | €787,063 | +€22,816 | +3.0% |
| Equity | 10/15 | €117,800 | €116,078 | -€1,723 | -1.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €158,594 | €158,594 | = | 0.0% |
| Distributable reserves | 133 | €158,594 | €158,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,794 | -€52,517 | -€1,723 | -3.4% |
| Amounts payable | 17/49 | €646,446 | €670,986 | +€24,539 | +3.8% |
| Amounts payable after more than one year | 17 | €418,174 | €356,648 | -€61,526 | -14.7% |
| Financial debts | 170/4 | €418,174 | €356,648 | -€61,526 | -14.7% |
| Amounts payable within one year | 42/48 | €228,273 | €314,338 | +€86,065 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €48,990 | €55,923 | +€6,932 | +14.2% |
| Trade debts | 44 | €108,593 | €188,732 | +€80,138 | +73.8% |
| Suppliers | 440/4 | €108,593 | €188,732 | +€80,138 | +73.8% |
| Taxes, remuneration and social security | 45 | €32,126 | €35,969 | +€3,844 | +12.0% |
| Taxes | 450/3 | €8,229 | €1,526 | -€6,703 | -81.5% |
| Remuneration and social security | 454/9 | €23,897 | €34,443 | +€10,547 | +44.1% |
| Other amounts payable | 47/48 | €38,563 | €33,714 | -€4,850 | -12.6% |
| Remuneration, social security and pensions | 62 | €73,906 | €83,761 | +€9,855 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,477 | €63,459 | -€2,018 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,117 | - | -€12,117 | |
| Other operating charges | 640/8 | €4,339 | €2,448 | -€1,891 | -43.6% |
| Gross operating margin | 9900 | €127,282 | €167,732 | +€40,450 | +31.8% |
| Operating profit (loss) | 9901 | -€28,557 | €18,064 | +€46,621 | |
| Financial income | 75/76B | €324 | €349 | +€25 | +7.7% |
| Recurring financial income | 75 | €324 | €349 | +€25 | +7.7% |
| Financial charges | 65/66B | €22,562 | €20,115 | -€2,447 | -10.8% |
| Recurring financial charges | 65 | €22,562 | €20,115 | -€2,447 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€50,794 | -€1,701 | +€49,092 | +96.7% |
| Income taxes | 67/77 | - | €21 | +€21 | |
| Profit (loss) for the period | 9904 | -€50,794 | -€1,723 | +€49,071 | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,794 | -€1,723 | +€49,071 | +96.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.