Express Woeste: 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 Woeste
Largest movements
- Receivables within one year -€117,525
down €117,525 (-72.2%), from €162,774 to €45,249
of which Trade receivables: -€158,755
- Cash -€27,263
down €27,263 (-21.9%), from €124,596 to €97,333
mainly Other debts (-€121,061) and Tax, wage and social debts (-€51,888)
- Stocks and contracts -€11,535
down €11,535 (-11.4%), from €100,857 to €89,323
- Other debts -€121,061
down €121,061 (-85.8%), from €141,015 to €19,954
- Tax, wage and social debts -€51,888
down €51,888 (-43.1%), from €120,264 to €68,376
of which Taxes: -€36,628
- Profit (loss) carried forward +€40,572
up €40,572 (+41.1%), from €98,724 to €139,296
- Current portion of long-term debt -€26,068
down €26,068 (-100%), from €26,068 to €0
- Taxes -€48,544
down €48,544 (-78.0%), from €62,240 to €13,696
- Staff costs +€32,250
up €32,250 (+24.0%), from €134,465 to €166,714
- Gross operating margin -€26,857
down €26,857 (-9.6%), from €278,491 to €251,633
- Financial charges +€5,575
up €5,575 (+65.8%), from €8,476 to €14,051
- Financial income -€5,445
down €5,445 (-76.2%), from €7,147 to €1,702
of which Non-recurring financial income: -€2,745
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €424,605 | €266,561 | -€158,044 | -37.2% |
| Fixed assets | 21/28 | €33,837 | €32,487 | -€1,350 | -4.0% |
| Tangible fixed assets | 22/27 | €33,837 | €32,487 | -€1,350 | -4.0% |
| Plant, machinery and equipment | 23 | €18,971 | €14,480 | -€4,491 | -23.7% |
| Furniture and vehicles | 24 | €713 | €6,283 | +€5,570 | +781% |
| Other tangible fixed assets | 26 | €14,153 | €11,724 | -€2,429 | -17.2% |
| Current assets | 29/58 | €390,768 | €234,075 | -€156,694 | -40.1% |
| Stocks and contracts in progress | 3 | €100,857 | €89,323 | -€11,535 | -11.4% |
| Stocks | 30/36 | €100,857 | €89,323 | -€11,535 | -11.4% |
| Amounts receivable within one year | 40/41 | €162,774 | €45,249 | -€117,525 | -72.2% |
| Trade receivables | 40 | €159,525 | €770 | -€158,755 | -99.5% |
| Other amounts receivable | 41 | €3,249 | €44,479 | +€41,230 | +1,269% |
| Cash at bank and in hand | 54/58 | €124,596 | €97,333 | -€27,263 | -21.9% |
| Deferred charges and accrued income | 490/1 | €2,541 | €2,170 | -€371 | -14.6% |
| Total equity and liabilities | 10/49 | €424,605 | €266,561 | -€158,044 | -37.2% |
| Equity | 10/15 | €122,077 | €162,649 | +€40,572 | +33.2% |
| Contributions | 10/11 | €23,353 | €21,911 | -€1,443 | -6.2% |
| Reserves | 13 | - | €1,443 | +€1,443 | |
| Non-distributable reserves | 130/1 | - | €1,443 | +€1,443 | |
| Reserves not available under the articles | 1311 | - | €1,443 | +€1,443 | |
| Profit (loss) carried forward | 14 | €98,724 | €139,296 | +€40,572 | +41.1% |
| Amounts payable | 17/49 | €302,528 | €103,912 | -€198,616 | -65.7% |
| Amounts payable within one year | 42/48 | €299,238 | €103,912 | -€195,326 | -65.3% |
| Current portion of amounts payable after more than one year | 42 | €26,068 | €0 | -€26,068 | -100% |
| Trade debts | 44 | €11,891 | €15,582 | +€3,691 | +31.0% |
| Suppliers | 440/4 | €11,891 | €15,582 | +€3,691 | +31.0% |
| Taxes, remuneration and social security | 45 | €120,264 | €68,376 | -€51,888 | -43.1% |
| Taxes | 450/3 | €82,022 | €45,395 | -€36,628 | -44.7% |
| Remuneration and social security | 454/9 | €38,242 | €22,981 | -€15,261 | -39.9% |
| Other amounts payable | 47/48 | €141,015 | €19,954 | -€121,061 | -85.8% |
| Accrued charges and deferred income | 492/3 | €3,290 | €0 | -€3,290 | -100% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €134,465 | €166,714 | +€32,250 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,453 | €13,499 | +€5,046 | +59.7% |
| Other operating charges | 640/8 | €6,748 | €4,803 | -€1,945 | -28.8% |
| Non-recurring operating charges | 66A | €20,562 | €0 | -€20,562 | -100% |
| Gross operating margin | 9900 | €278,491 | €251,633 | -€26,857 | -9.6% |
| Operating profit (loss) | 9901 | €108,263 | €66,617 | -€41,646 | -38.5% |
| Financial income | 75/76B | €7,147 | €1,702 | -€5,445 | -76.2% |
| Recurring financial income | 75 | €4,402 | €1,702 | -€2,700 | -61.3% |
| Non-recurring financial income | 76B | €2,745 | - | -€2,745 | |
| Financial charges | 65/66B | €8,476 | €14,051 | +€5,575 | +65.8% |
| Recurring financial charges | 65 | €8,476 | €14,051 | +€5,575 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €106,934 | €54,268 | -€52,665 | -49.3% |
| Income taxes | 67/77 | €62,240 | €13,696 | -€48,544 | -78.0% |
| Profit (loss) for the period | 9904 | €44,693 | €40,572 | -€4,121 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,693 | €40,572 | -€4,121 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.