EXPRESSIO: 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.
EXPRESSIO
Largest movements
- Cash +€20,133
up €20,133 (+89.4%), from €22,532 to €42,664
mainly Net result for the year (+€19,392) and Depreciation (+€14,516)
- Tangible fixed assets -€13,793
down €13,793 (-26.9%), from €51,349 to €37,556
- Receivables within one year +€3,727
up €3,727 (+19.8%), from €18,835 to €22,562
of which Trade receivables: +€10,493
- Tax, wage and social debts +€14,298
up €14,298 (+16,248%), from €88 to €14,386
of which Taxes: +€14,146
- Debts after one year -€10,424
down €10,424 (-62.3%), from €16,733 to €6,309
- Trade debts +€6,082
up €6,082 (+208%), from €2,925 to €9,006
- Gross operating margin -€15,142
down €15,142 (-26.4%), from €57,287 to €42,145
- Taxes -€3,883
down €3,883 (-37.4%), from €10,379 to €6,496
- Depreciation +€997
up €997 (+7.4%), from €13,519 to €14,516
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 | €94,602 | €104,602 | +€9,999 | +10.6% |
| Fixed assets | 21/28 | €51,349 | €37,556 | -€13,793 | -26.9% |
| Tangible fixed assets | 22/27 | €51,349 | €37,556 | -€13,793 | -26.9% |
| Furniture and vehicles | 24 | €51,349 | €37,556 | -€13,793 | -26.9% |
| Current assets | 29/58 | €43,254 | €67,046 | +€23,792 | +55.0% |
| Amounts receivable within one year | 40/41 | €18,835 | €22,562 | +€3,727 | +19.8% |
| Trade receivables | 40 | €9,943 | €20,436 | +€10,493 | +106% |
| Other amounts receivable | 41 | €8,892 | €2,125 | -€6,766 | -76.1% |
| Cash at bank and in hand | 54/58 | €22,532 | €42,664 | +€20,133 | +89.4% |
| Deferred charges and accrued income | 490/1 | €1,887 | €1,820 | -€67 | -3.6% |
| Total equity and liabilities | 10/49 | €94,602 | €104,602 | +€9,999 | +10.6% |
| Equity | 10/15 | €29,412 | €29,412 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,812 | €10,812 | = | 0.0% |
| Distributable reserves | 133 | €10,812 | €10,812 | = | 0.0% |
| Amounts payable | 17/49 | €65,190 | €75,189 | +€9,999 | +15.3% |
| Amounts payable after more than one year | 17 | €16,733 | €6,309 | -€10,424 | -62.3% |
| Financial debts | 170/4 | €16,733 | €6,309 | -€10,424 | -62.3% |
| Amounts payable within one year | 42/48 | €48,457 | €68,880 | +€20,423 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €9,947 | €10,424 | +€476 | +4.8% |
| Trade debts | 44 | €2,925 | €9,006 | +€6,082 | +208% |
| Suppliers | 440/4 | €2,925 | €9,006 | +€6,082 | +208% |
| Taxes, remuneration and social security | 45 | €88 | €14,386 | +€14,298 | +16,248% |
| Taxes | 450/3 | - | €14,146 | +€14,146 | |
| Remuneration and social security | 454/9 | €88 | €240 | +€152 | +173% |
| Other amounts payable | 47/48 | €35,497 | €35,065 | -€433 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,519 | €14,516 | +€997 | +7.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €73 | - | -€73 | |
| Gross operating margin | 9900 | €57,287 | €42,145 | -€15,142 | -26.4% |
| Operating profit (loss) | 9901 | €43,307 | €27,229 | -€16,078 | -37.1% |
| Financial charges | 65/66B | €1,662 | €1,341 | -€320 | -19.3% |
| Recurring financial charges | 65 | €1,662 | €1,341 | -€320 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €41,646 | €25,888 | -€15,758 | -37.8% |
| Income taxes | 67/77 | €10,379 | €6,496 | -€3,883 | -37.4% |
| Profit (loss) for the period | 9904 | €31,267 | €19,392 | -€11,875 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,267 | €19,392 | -€11,875 | -38.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.