EXPRESS1: 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.
EXPRESS1
Largest movements
- Receivables within one year +€33,670
up €33,670 (+17.0%), from €198,416 to €232,085
of which Trade receivables: +€32,792
- Tangible fixed assets +€19,790
up €19,790 (+15.1%), from €131,090 to €150,880
of which Other tangible fixed assets: +€16,290
- Cash -€8,937
down €8,937 (-6.7%), from €133,221 to €124,284
mainly Receivables within one year (-€33,670) and Investment in fixed assets (net) (-€19,850)
- Stocks and contracts +€5,669
new in 2024: €5,669
- Tax, wage and social debts +€18,420
up €18,420 (+47.6%), from €38,725 to €57,145
of which Remuneration and social security: +€15,537
- Accrued charges and deferred income +€15,000
new in 2024: €15,000
- Trade debts +€10,002
up €10,002 (+93.5%), from €10,702 to €20,704
- Other debts +€6,000
up €6,000 (+3,616%), from €166 to €6,166
- Turnover +€1.1m
new in 2024: €1.1m
- Purchases and services +€628,860
new in 2024: €628,860
- Gross operating margin -€55,642
down €55,642 (-11.0%), from €504,534 to €448,892
- Depreciation -€23,443
no longer reported in 2024 (was €23,443)
- Taxes -€15,909
down €15,909 (-68.7%), from €23,157 to €7,248
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,287 | €515,300 | +€51,013 | +11.0% |
| Fixed assets | 21/28 | €131,090 | €150,940 | +€19,850 | +15.1% |
| Tangible fixed assets | 22/27 | €131,090 | €150,880 | +€19,790 | +15.1% |
| Plant, machinery and equipment | 23 | €33,136 | €36,636 | +€3,500 | +10.6% |
| Furniture and vehicles | 24 | €20,243 | €20,243 | = | 0.0% |
| Other tangible fixed assets | 26 | €77,711 | €94,001 | +€16,290 | +21.0% |
| Financial fixed assets | 28 | - | €60 | +€60 | |
| Current assets | 29/58 | €333,197 | €364,360 | +€31,163 | +9.4% |
| Stocks and contracts in progress | 3 | - | €5,669 | +€5,669 | |
| Stocks | 30/36 | - | €5,669 | +€5,669 | |
| Amounts receivable within one year | 40/41 | €198,416 | €232,085 | +€33,670 | +17.0% |
| Trade receivables | 40 | €76,496 | €109,288 | +€32,792 | +42.9% |
| Other amounts receivable | 41 | €121,920 | €122,797 | +€878 | +0.7% |
| Cash at bank and in hand | 54/58 | €133,221 | €124,284 | -€8,937 | -6.7% |
| Deferred charges and accrued income | 490/1 | €1,560 | €2,322 | +€762 | +48.8% |
| Total equity and liabilities | 10/49 | €464,287 | €515,300 | +€51,013 | +11.0% |
| Equity | 10/15 | €414,693 | €416,285 | +€1,591 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €350,745 | €350,745 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €348,885 | €348,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,348 | €46,939 | +€1,591 | +3.5% |
| Amounts payable | 17/49 | €49,593 | €99,016 | +€49,422 | +99.7% |
| Amounts payable within one year | 42/48 | €49,593 | €84,016 | +€34,422 | +69.4% |
| Trade debts | 44 | €10,702 | €20,704 | +€10,002 | +93.5% |
| Suppliers | 440/4 | €10,702 | €20,704 | +€10,002 | +93.5% |
| Taxes, remuneration and social security | 45 | €38,725 | €57,145 | +€18,420 | +47.6% |
| Taxes | 450/3 | €27,718 | €30,601 | +€2,883 | +10.4% |
| Remuneration and social security | 454/9 | €11,007 | €26,544 | +€15,537 | +141% |
| Other amounts payable | 47/48 | €166 | €6,166 | +€6,000 | +3,616% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Turnover | 70 | - | €1,077,752 | +€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €628,860 | +€628,860 | |
| Remuneration, social security and pensions | 62 | €437,287 | €437,621 | +€334 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,443 | - | -€23,443 | |
| Other operating charges | 640/8 | €7,553 | €3,542 | -€4,011 | -53.1% |
| Gross operating margin | 9900 | €504,534 | €448,892 | -€55,642 | -11.0% |
| Operating profit (loss) | 9901 | €36,252 | €7,729 | -€28,522 | -78.7% |
| Financial income | 75/76B | €3,418 | €1,839 | -€1,579 | -46.2% |
| Recurring financial income | 75 | €3,392 | €5 | -€3,387 | -99.8% |
| Non-recurring financial income | 76B | €26 | €1,834 | +€1,808 | +6,953% |
| Financial charges | 65/66B | €6,385 | €729 | -€5,656 | -88.6% |
| Recurring financial charges | 65 | €6,360 | €729 | -€5,631 | -88.5% |
| Non-recurring financial charges | 66B | €25 | - | -€25 | |
| Profit (loss) for the period before taxes | 9903 | €33,285 | €8,839 | -€24,446 | -73.4% |
| Income taxes | 67/77 | €23,157 | €7,248 | -€15,909 | -68.7% |
| Profit (loss) for the period | 9904 | €10,128 | €1,591 | -€8,537 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,128 | €1,591 | -€8,537 | -84.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.