EXPRESS LIVRAISONS: 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 LIVRAISONS
Largest movements
- Tangible fixed assets +€10,588
new in 2025: €10,588
- Receivables within one year +€6,923
up €6,923 (+114%), from €6,095 to €13,018
- Financial fixed assets +€5,096
up €5,096 (+1,404%), from €363 to €5,459
- Deferred charges and accrued income -€2,921
no longer reported in 2025 (was €2,921)
- Cash -€2,585
down €2,585 (-28.9%), from €8,945 to €6,360
mainly Investment in fixed assets (net) (-€20,242) and Trade debts (-€12,177)
- Profit (loss) carried forward +€31,551
up €31,551 (+87.4%), from -€36,085 to -€4,534
- Trade debts -€12,177
down €12,177 (-36.2%), from €33,667 to €21,490
- Tax, wage and social debts -€2,260
down €2,260 (-29.5%), from €7,673 to €5,413
of which Remuneration and social security: -€1,432
- Turnover +€144,889
new in 2025: €144,889
- Purchases and services +€103,220
new in 2025: €103,220
- Gross operating margin +€35,834
up €35,834 (+471%), from €7,608 to €43,442
- Staff costs -€25,739
no longer reported in 2025 (was €25,739)
- Financial charges +€4,898
up €4,898 (+617%), from €794 to €5,692
of which Financial charges: +€4,289
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 | €18,324 | €35,425 | +€17,101 | +93.3% |
| Fixed assets | 21/28 | €363 | €16,047 | +€15,684 | +4,321% |
| Tangible fixed assets | 22/27 | - | €10,588 | +€10,588 | |
| Furniture and vehicles | 24 | - | €10,588 | +€10,588 | |
| Financial fixed assets | 28 | €363 | €5,459 | +€5,096 | +1,404% |
| Current assets | 29/58 | €17,961 | €19,378 | +€1,417 | +7.9% |
| Amounts receivable within one year | 40/41 | €6,095 | €13,018 | +€6,923 | +114% |
| Trade receivables | 40 | €6,095 | €13,018 | +€6,923 | +114% |
| Cash at bank and in hand | 54/58 | €8,945 | €6,360 | -€2,585 | -28.9% |
| Deferred charges and accrued income | 490/1 | €2,921 | - | -€2,921 | |
| Total equity and liabilities | 10/49 | €18,324 | €35,425 | +€17,101 | +93.3% |
| Equity | 10/15 | -€24,265 | €7,286 | +€31,551 | |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Capital | 10 | €11,200 | €11,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €7,400 | €7,400 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,085 | -€4,534 | +€31,551 | +87.4% |
| Amounts payable | 17/49 | €42,589 | €28,139 | -€14,450 | -33.9% |
| Amounts payable within one year | 42/48 | €41,340 | €26,903 | -€14,437 | -34.9% |
| Trade debts | 44 | €33,667 | €21,490 | -€12,177 | -36.2% |
| Suppliers | 440/4 | €33,667 | €21,490 | -€12,177 | -36.2% |
| Taxes, remuneration and social security | 45 | €7,673 | €5,413 | -€2,260 | -29.5% |
| Taxes | 450/3 | €6,051 | €5,223 | -€828 | -13.7% |
| Remuneration and social security | 454/9 | €1,622 | €190 | -€1,432 | -88.3% |
| Accrued charges and deferred income | 492/3 | €1,249 | €1,236 | -€13 | -1.0% |
| Turnover | 70 | - | €144,889 | +€144,889 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €103,220 | +€103,220 | |
| Remuneration, social security and pensions | 62 | €25,739 | - | -€25,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,558 | +€4,558 | |
| Other operating charges | 640/8 | €1,373 | €1,652 | +€279 | +20.3% |
| Non-recurring operating charges | 66A | €5,209 | - | -€5,209 | |
| Gross operating margin | 9900 | €7,608 | €43,442 | +€35,834 | +471% |
| Operating profit (loss) | 9901 | -€24,713 | €37,232 | +€61,945 | |
| Financial income | 75/76B | €631 | €11 | -€620 | -98.3% |
| Recurring financial income | 75 | €631 | €11 | -€620 | -98.3% |
| Financial charges | 65/66B | €794 | €5,692 | +€4,898 | +617% |
| Recurring financial charges | 65 | €794 | €5,083 | +€4,289 | +540% |
| Non-recurring financial charges | 66B | - | €609 | +€609 | |
| Profit (loss) for the period before taxes | 9903 | -€24,876 | €31,551 | +€56,427 | |
| Profit (loss) for the period | 9904 | -€24,876 | €31,551 | +€56,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,876 | €31,551 | +€56,427 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.