EXPRESS STOCKEL: 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 STOCKEL
Largest movements
- Cash +€70,467
up €70,467 (+215.0%), from €32,779 to €103,245
mainly Trade debts (+€153,015) and Net result for the year (+€84,605)
- Tangible fixed assets -€29,380
down €29,380 (-16.7%), from €175,908 to €146,528
of which Plant, machinery and equipment: -€24,093
- Receivables within one year +€17,351
up €17,351 (+8.3%), from €208,590 to €225,941
of which Other amounts receivable: +€220,608
- Deferred charges and accrued income +€14,409
up €14,409 (+488.2%), from €2,951 to €17,360
- Trade debts +€153,015
up €153,015 (+1156.4%), from €13,233 to €166,247
- Debts after one year -€60,564
down €60,564 (-52.6%), from €115,163 to €54,599
- Tax, wage and social debts -€39,485
down €39,485 (-50.9%), from €77,605 to €38,120
of which Taxes: -€22,467
- Profit (loss) carried forward +€25,781
up €25,781 (+16.7%), from €154,830 to €180,611
- Current portion of long-term debt -€6,293
down €6,293 (-9.4%), from €66,856 to €60,564
- Depreciation -€33,926
down €33,926 (-35.7%), from €94,966 to €61,041
- Taxes +€13,368
up €13,368 (+61.8%), from €21,632 to €35,000
- Gross operating margin -€5,046
down €5,046 (-1.4%), from €363,384 to €358,338
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 | €519,111 | €592,517 | +€73,407 | +14.1% |
| Fixed assets | 21/28 | €175,908 | €146,528 | -€29,380 | -16.7% |
| Tangible fixed assets | 22/27 | €175,908 | €146,528 | -€29,380 | -16.7% |
| Plant, machinery and equipment | 23 | €81,181 | €57,087 | -€24,093 | -29.7% |
| Furniture and vehicles | 24 | €61,701 | €40,136 | -€21,564 | -34.9% |
| Other tangible fixed assets | 26 | €33,026 | €49,304 | +€16,278 | +49.3% |
| Current assets | 29/58 | €343,203 | €445,990 | +€102,787 | +29.9% |
| Stocks and contracts in progress | 3 | €98,883 | €99,443 | +€560 | +0.6% |
| Stocks | 30/36 | €98,883 | €99,443 | +€560 | +0.6% |
| Amounts receivable within one year | 40/41 | €208,590 | €225,941 | +€17,351 | +8.3% |
| Trade receivables | 40 | €205,435 | €2,178 | -€203,257 | -98.9% |
| Other amounts receivable | 41 | €3,155 | €223,763 | +€220,608 | +6992.0% |
| Cash at bank and in hand | 54/58 | €32,779 | €103,245 | +€70,467 | +215.0% |
| Deferred charges and accrued income | 490/1 | €2,951 | €17,360 | +€14,409 | +488.2% |
| Total equity and liabilities | 10/49 | €519,111 | €592,517 | +€73,407 | +14.1% |
| Equity | 10/15 | €193,330 | €219,111 | +€25,781 | +13.3% |
| Contributions | 10/11 | €38,500 | €38,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,830 | €180,611 | +€25,781 | +16.7% |
| Amounts payable | 17/49 | €325,781 | €373,406 | +€47,625 | +14.6% |
| Amounts payable after more than one year | 17 | €115,163 | €54,599 | -€60,564 | -52.6% |
| Financial debts | 170/4 | €115,163 | €54,599 | -€60,564 | -52.6% |
| Amounts payable within one year | 42/48 | €210,618 | €314,931 | +€104,313 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €66,856 | €60,564 | -€6,293 | -9.4% |
| Trade debts | 44 | €13,233 | €166,247 | +€153,015 | +1156.4% |
| Suppliers | 440/4 | €13,233 | €166,247 | +€153,015 | +1156.4% |
| Taxes, remuneration and social security | 45 | €77,605 | €38,120 | -€39,485 | -50.9% |
| Taxes | 450/3 | €23,528 | €1,061 | -€22,467 | -95.5% |
| Remuneration and social security | 454/9 | €54,077 | €37,060 | -€17,018 | -31.5% |
| Other amounts payable | 47/48 | €52,924 | €50,000 | -€2,924 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €3,876 | +€3,876 | |
| Non-recurring operating income | 76A | - | €13,423 | +€13,423 | |
| Remuneration, social security and pensions | 62 | €165,996 | €163,285 | -€2,712 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,966 | €61,041 | -€33,926 | -35.7% |
| Other operating charges | 640/8 | €10,832 | €12,521 | +€1,689 | +15.6% |
| Gross operating margin | 9900 | €363,384 | €358,338 | -€5,046 | -1.4% |
| Operating profit (loss) | 9901 | €91,590 | €121,492 | +€29,902 | +32.6% |
| Financial income | 75/76B | €6,823 | €4,876 | -€1,947 | -28.5% |
| Recurring financial income | 75 | €6,823 | €4,876 | -€1,947 | -28.5% |
| Financial charges | 65/66B | €7,003 | €6,764 | -€239 | -3.4% |
| Recurring financial charges | 65 | €7,003 | €6,764 | -€239 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €91,410 | €119,605 | +€28,195 | +30.8% |
| Income taxes | 67/77 | €21,632 | €35,000 | +€13,368 | +61.8% |
| Profit (loss) for the period | 9904 | €69,778 | €84,605 | +€14,827 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,778 | €84,605 | +€14,827 | +21.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.