EXPRESS OHAIN: 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 OHAIN
Largest movements
- Cash +€48,055
up €48,055 (+175.6%), from €27,373 to €75,428
mainly Short-term financial debts (+€126,787) and Trade debts (+€95,992)
- Tangible fixed assets -€43,231
down €43,231 (-30.6%), from €141,477 to €98,245
of which Plant, machinery and equipment: -€32,656
- Stocks and contracts +€31,624
up €31,624 (+29.7%), from €106,519 to €138,143
- Receivables within one year +€4,243
up €4,243 (+25.6%), from €16,585 to €20,828
of which Trade receivables: +€5,753
- Profit (loss) carried forward -€144,943
down €144,943, from €30,141 to -€114,802
- Short-term financial debts +€126,787
new in 2025: €126,787
- Trade debts +€95,992
up €95,992 (+53.8%), from €178,402 to €274,395
- Current portion of long-term debt -€24,254
down €24,254 (-76.4%), from €31,764 to €7,510
- Accrued charges and deferred income -€8,492
down €8,492 (-62.7%), from €13,553 to €5,060
- Gross operating margin -€139,360
down €139,360, from €134,220 to -€5,140
- Financial charges +€4,870
up €4,870 (+39.8%), from €12,231 to €17,102
- Staff costs +€1,990
up €1,990 (+3.0%), from €66,231 to €68,220
- Financial income -€1,668
down €1,668 (-89.6%), from €1,862 to €194
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.
Cash bridge derived
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 | €296,391 | €336,500 | +€40,109 | +13.5% |
| Fixed assets | 21/28 | €141,477 | €98,245 | -€43,231 | -30.6% |
| Tangible fixed assets | 22/27 | €141,477 | €98,245 | -€43,231 | -30.6% |
| Plant, machinery and equipment | 23 | €124,400 | €91,744 | -€32,656 | -26.3% |
| Furniture and vehicles | 24 | €8,721 | €6,501 | -€2,220 | -25.5% |
| Leasing and similar rights | 25 | €8,355 | €0 | -€8,355 | -100.0% |
| Current assets | 29/58 | €154,915 | €238,255 | +€83,341 | +53.8% |
| Stocks and contracts in progress | 3 | €106,519 | €138,143 | +€31,624 | +29.7% |
| Stocks | 30/36 | €106,519 | €138,143 | +€31,624 | +29.7% |
| Amounts receivable within one year | 40/41 | €16,585 | €20,828 | +€4,243 | +25.6% |
| Trade receivables | 40 | €9,105 | €14,858 | +€5,753 | +63.2% |
| Other amounts receivable | 41 | €7,480 | €5,970 | -€1,510 | -20.2% |
| Cash at bank and in hand | 54/58 | €27,373 | €75,428 | +€48,055 | +175.6% |
| Deferred charges and accrued income | 490/1 | €4,438 | €3,857 | -€581 | -13.1% |
| Total equity and liabilities | 10/49 | €296,391 | €336,500 | +€40,109 | +13.5% |
| Equity | 10/15 | €50,141 | -€94,802 | -€144,943 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,141 | -€114,802 | -€144,943 | |
| Amounts payable | 17/49 | €246,251 | €431,302 | +€185,052 | +75.1% |
| Amounts payable after more than one year | 17 | €7,510 | €0 | -€7,510 | -100.0% |
| Financial debts | 170/4 | €7,510 | €0 | -€7,510 | -100.0% |
| Amounts payable within one year | 42/48 | €225,188 | €426,242 | +€201,054 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €31,764 | €7,510 | -€24,254 | -76.4% |
| Financial debts | 43 | - | €126,787 | +€126,787 | |
| Credit institutions | 430/8 | - | €126,787 | +€126,787 | |
| Trade debts | 44 | €178,402 | €274,395 | +€95,992 | +53.8% |
| Suppliers | 440/4 | €178,402 | €274,395 | +€95,992 | +53.8% |
| Taxes, remuneration and social security | 45 | €15,022 | €17,550 | +€2,528 | +16.8% |
| Taxes | 450/3 | - | €571 | +€571 | |
| Remuneration and social security | 454/9 | €15,022 | €16,979 | +€1,958 | +13.0% |
| Accrued charges and deferred income | 492/3 | €13,553 | €5,060 | -€8,492 | -62.7% |
| Remuneration, social security and pensions | 62 | €66,231 | €68,220 | +€1,990 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,095 | €53,950 | +€855 | +1.6% |
| Other operating charges | 640/8 | €1,152 | €568 | -€584 | -50.7% |
| Gross operating margin | 9900 | €134,220 | -€5,140 | -€139,360 | |
| Operating profit (loss) | 9901 | €13,743 | -€127,879 | -€141,621 | |
| Financial income | 75/76B | €1,862 | €194 | -€1,668 | -89.6% |
| Recurring financial income | 75 | €1,862 | €194 | -€1,668 | -89.6% |
| Financial charges | 65/66B | €12,231 | €17,102 | +€4,870 | +39.8% |
| Recurring financial charges | 65 | €12,231 | €17,102 | +€4,870 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €3,373 | -€144,787 | -€148,159 | |
| Income taxes | 67/77 | €140 | €156 | +€16 | +11.5% |
| Profit (loss) for the period | 9904 | €3,233 | -€144,943 | -€148,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,233 | -€144,943 | -€148,176 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.