EXPRESSO BELGIUM: what changed
What changed
EXPRESSO BELGIUM
NACE 46.649, Wholesale of other machinery and equipment
filed annual accounts (NBB)
Net result for the year
€24,265
2024 · €5,900+€18,365
Equity
€365,024
2024 · €383,545-€18,522
Cash
€89,789
2024 · €77,189+€12,600
Balance sheet total
€611,681
2024 · €620,485-€8,804
Largest movements
Assets
- Receivables within one year -€37,649
down €37,649 (-14.1%), from €267,729 to €230,081
of which Trade receivables: -€19,893
- Tangible fixed assets +€27,933
up €27,933 (+90.0%), from €31,049 to €58,982
of which Furniture and vehicles: +€28,851
- Cash +€12,600
up €12,600 (+16.3%), from €77,189 to €89,789
mainly Receivables within one year (+€37,649) and Other debts (+€33,298)
- Stocks and contracts -€11,620
down €11,620 (-4.9%), from €235,688 to €224,068
Equity and liabilities
- Other debts +€33,298
up €33,298 (+284%), from €11,713 to €45,011
- Tax, wage and social debts -€29,582
down €29,582 (-43.9%), from €67,345 to €37,763
of which Taxes: -€21,476
- Debts after one year +€25,959
up €25,959, from €0 to €25,959
- Reserves -€18,522
down €18,522 (-11.3%), from €164,157 to €145,635
- Advances received -€14,530
down €14,530 (-66.8%), from €21,740 to €7,210
Income statement
- Staff costs -€97,815
down €97,815 (-42.0%), from €232,907 to €135,092
- Gross operating margin -€77,991
down €77,991 (-28.2%), from €276,707 to €198,716
- Other operating charges -€10,561
down €10,561 (-88.9%), from €11,886 to €1,325
- Taxes +€8,096
up €8,096 (+769%), from €1,053 to €9,149
- Financial income -€6,311
down €6,311 (-95.2%), from €6,631 to €320
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,900
Gross operating margin
-€77,991
Staff costs
+€97,815
Depreciation
-€1,054
Write-downs
-€3,273
Other operating charges
+€10,561
Other operating items
+€7,367
Financial income
-€6,311
Financial charges
-€653
Taxes
-€8,096
Result 2025
€24,265
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€93,120
Investment
-€52,008
Financing
-€28,512
Cash 2024
€77,189
From operations (derived)
+€93,120
Net result for the year
+€24,265
Depreciation
+€23,555
Stocks and contracts
+€11,620
Receivables within one year
+€37,649
Deferred charges and accrued income
+€589
Trade debts
+€5,124
Tax, wage and social debts
-€29,582
Advances received
-€14,530
Other debts
+€33,298
Accrued charges and deferred income
+€1,133
Investment (derived)
-€52,008
Investment in fixed assets (net)
-€52,008
Financing
-€28,512
Debts after one year
+€25,959
Current portion of long-term debt
-€675
Short-term financial debts
-€11,010
Contributions, distributions and other
-€42,787
Cash 2025
€89,789
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €620,485 | €611,681 | -€8,804 | -1.4% |
| Fixed assets | 21/28 | €31,202 | €59,655 | +€28,453 | +91.2% |
| Tangible fixed assets | 22/27 | €31,049 | €58,982 | +€27,933 | +90.0% |
| Plant, machinery and equipment | 23 | €5,327 | €4,408 | -€918 | -17.2% |
| Furniture and vehicles | 24 | €25,722 | €54,573 | +€28,851 | +112% |
| Financial fixed assets | 28 | €153 | €673 | +€520 | +340% |
| Current assets | 29/58 | €589,283 | €552,026 | -€37,257 | -6.3% |
| Stocks and contracts in progress | 3 | €235,688 | €224,068 | -€11,620 | -4.9% |
| Stocks | 30/36 | €235,688 | €224,068 | -€11,620 | -4.9% |
| Amounts receivable within one year | 40/41 | €267,729 | €230,081 | -€37,649 | -14.1% |
| Trade receivables | 40 | €231,936 | €212,043 | -€19,893 | -8.6% |
| Other amounts receivable | 41 | €35,793 | €18,038 | -€17,755 | -49.6% |
| Cash at bank and in hand | 54/58 | €77,189 | €89,789 | +€12,600 | +16.3% |
| Deferred charges and accrued income | 490/1 | €8,677 | €8,088 | -€589 | -6.8% |
| Total equity and liabilities | 10/49 | €620,485 | €611,681 | -€8,804 | -1.4% |
| Equity | 10/15 | €383,545 | €365,024 | -€18,522 | -4.8% |
| Contributions | 10/11 | €19,195 | €19,195 | = | 0.0% |
| Reserves | 13 | €164,157 | €145,635 | -€18,522 | -11.3% |
| Distributable reserves | 133 | €164,157 | €145,635 | -€18,522 | -11.3% |
| Profit (loss) carried forward | 14 | €200,194 | €200,194 | = | 0.0% |
| Amounts payable | 17/49 | €236,940 | €246,657 | +€9,718 | +4.1% |
| Amounts payable after more than one year | 17 | €0 | €25,959 | +€25,959 | |
| Financial debts | 170/4 | €0 | €25,959 | +€25,959 | |
| Amounts payable within one year | 42/48 | €236,372 | €218,998 | -€17,374 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €8,587 | €7,912 | -€675 | -7.9% |
| Financial debts | 43 | €14,538 | €3,528 | -€11,010 | -75.7% |
| Credit institutions | 430/8 | €14,538 | €3,528 | -€11,010 | -75.7% |
| Trade debts | 44 | €112,450 | €117,574 | +€5,124 | +4.6% |
| Suppliers | 440/4 | €112,450 | €117,574 | +€5,124 | +4.6% |
| Advances received on contracts in progress | 46 | €21,740 | €7,210 | -€14,530 | -66.8% |
| Taxes, remuneration and social security | 45 | €67,345 | €37,763 | -€29,582 | -43.9% |
| Taxes | 450/3 | €42,793 | €21,317 | -€21,476 | -50.2% |
| Remuneration and social security | 454/9 | €24,552 | €16,446 | -€8,106 | -33.0% |
| Other amounts payable | 47/48 | €11,713 | €45,011 | +€33,298 | +284% |
| Accrued charges and deferred income | 492/3 | €567 | €1,700 | +€1,133 | +200% |
| Non-recurring operating income | 76A | €28,716 | €0 | -€28,716 | -100% |
| Remuneration, social security and pensions | 62 | €232,907 | €135,092 | -€97,815 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,501 | €23,555 | +€1,054 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€808 | €2,465 | +€3,273 | |
| Other operating charges | 640/8 | €11,886 | €1,325 | -€10,561 | -88.9% |
| Non-recurring operating charges | 66A | €7,367 | €0 | -€7,367 | -100% |
| Gross operating margin | 9900 | €276,707 | €198,716 | -€77,991 | -28.2% |
| Operating profit (loss) | 9901 | €2,854 | €36,279 | +€33,425 | +1,171% |
| Financial income | 75/76B | €6,631 | €320 | -€6,311 | -95.2% |
| Recurring financial income | 75 | €6,631 | €320 | -€6,311 | -95.2% |
| Financial charges | 65/66B | €2,533 | €3,185 | +€653 | +25.8% |
| Recurring financial charges | 65 | €2,533 | €3,185 | +€653 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €6,953 | €33,414 | +€26,461 | +381% |
| Income taxes | 67/77 | €1,053 | €9,149 | +€8,096 | +769% |
| Profit (loss) for the period | 9904 | €5,900 | €24,265 | +€18,365 | +311% |
| Profit (loss) for the period to be appropriated | 9905 | €5,900 | €24,265 | +€18,365 | +311% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.