EXPRESSIMMO: 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.
EXPRESSIMMO
Largest movements
- Tangible fixed assets +€313,916
up €313,916 (+121%), from €260,446 to €574,362
of which Land and buildings: +€323,650
- Cash -€44,690
down €44,690 (-73.8%), from €60,574 to €15,884
mainly Investment in fixed assets (net) (-€341,466) and Receivables within one year (-€25,957)
- Receivables within one year +€25,957
up €25,957 (+138%), from €18,762 to €44,719
of which Trade receivables: +€20,091
- Deferred charges and accrued income -€7,460
no longer reported in 2025 (was €7,460)
- Current portion of long-term debt +€304,315
up €304,315 (+1,448%), from €21,019 to €325,334
- Accrued charges and deferred income -€14,055
down €14,055 (-46.5%), from €30,252 to €16,197
- Profit (loss) carried forward -€12,864
down €12,864 (-27.8%), from €46,253 to €33,389
- Trade debts +€7,452
up €7,452 (+1,882%), from €396 to €7,848
- Other operating charges +€45,967
up €45,967 (+275%), from €16,710 to €62,677
- Gross operating margin +€36,354
up €36,354 (+28.0%), from €129,636 to €165,990
- Staff costs +€2,079
up €2,079 (+2.5%), from €83,344 to €85,423
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 | €352,260 | €639,783 | +€287,523 | +81.6% |
| Fixed assets | 21/28 | €265,464 | €579,180 | +€313,716 | +118% |
| Tangible fixed assets | 22/27 | €260,446 | €574,362 | +€313,916 | +121% |
| Land and buildings | 22 | €216,762 | €540,412 | +€323,650 | +149% |
| Plant, machinery and equipment | 23 | €29,432 | €25,932 | -€3,500 | -11.9% |
| Furniture and vehicles | 24 | €14,252 | €8,018 | -€6,234 | -43.7% |
| Financial fixed assets | 28 | €5,018 | €4,818 | -€200 | -4.0% |
| Current assets | 29/58 | €86,796 | €60,603 | -€26,193 | -30.2% |
| Amounts receivable within one year | 40/41 | €18,762 | €44,719 | +€25,957 | +138% |
| Trade receivables | 40 | €18,762 | €38,853 | +€20,091 | +107% |
| Other amounts receivable | 41 | €0 | €5,866 | +€5,866 | |
| Cash at bank and in hand | 54/58 | €60,574 | €15,884 | -€44,690 | -73.8% |
| Deferred charges and accrued income | 490/1 | €7,460 | - | -€7,460 | |
| Total equity and liabilities | 10/49 | €352,260 | €639,783 | +€287,523 | +81.6% |
| Equity | 10/15 | €173,753 | €160,889 | -€12,864 | -7.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,253 | €33,389 | -€12,864 | -27.8% |
| Amounts payable | 17/49 | €178,507 | €478,894 | +€300,387 | +168% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,255 | €337,697 | +€314,442 | +1,352% |
| Current portion of amounts payable after more than one year | 42 | €21,019 | €325,334 | +€304,315 | +1,448% |
| Trade debts | 44 | €396 | €7,848 | +€7,452 | +1,882% |
| Suppliers | 440/4 | €396 | €7,848 | +€7,452 | +1,882% |
| Other amounts payable | 47/48 | €1,840 | €4,515 | +€2,675 | +145% |
| Accrued charges and deferred income | 492/3 | €30,252 | €16,197 | -€14,055 | -46.5% |
| Non-recurring operating income | 76A | - | €12,905 | +€12,905 | |
| Remuneration, social security and pensions | 62 | €83,344 | €85,423 | +€2,079 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,800 | €27,750 | -€1,050 | -3.6% |
| Other operating charges | 640/8 | €16,710 | €62,677 | +€45,967 | +275% |
| Gross operating margin | 9900 | €129,636 | €165,990 | +€36,354 | +28.0% |
| Operating profit (loss) | 9901 | €782 | -€9,860 | -€10,642 | |
| Financial income | 75/76B | €136 | €265 | +€129 | +94.9% |
| Recurring financial income | 75 | €136 | €265 | +€129 | +94.9% |
| Financial charges | 65/66B | €2,113 | €3,269 | +€1,156 | +54.7% |
| Recurring financial charges | 65 | €2,113 | €3,269 | +€1,156 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,195 | -€12,864 | -€11,669 | -976% |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | -€1,209 | -€12,864 | -€11,655 | -964% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,209 | -€12,864 | -€11,655 | -964% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.