EXPRO: 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.
EXPRO
Largest movements
- Receivables within one year +€769,265
up €769,265 (+99.2%), from €775,144 to €1.5m
of which Trade receivables: +€806,923
- Cash -€296,917
down €296,917 (-44.1%), from €673,364 to €376,447
mainly Receivables within one year (-€769,265) and Contributions, distributions and other (-€301,111)
- Stocks and contracts -€173,648
down €173,648 (-17.8%), from €978,065 to €804,416
- Deferred charges and accrued income +€69,975
up €69,975 (+451.9%), from €15,484 to €85,459
- Reserves +€200,741
up €200,741 (+13.7%), from €1.5m to €1.7m
of which Distributable reserves: +€200,741
- Advances received +€158,779
up €158,779 (+1511.8%), from €10,503 to €169,282
- Trade debts -€122,298
down €122,298 (-16.6%), from €736,027 to €613,730
- Other debts +€113,361
up €113,361 (+60.4%), from €187,750 to €301,111
- Tax, wage and social debts +€80,474
up €80,474 (+56.3%), from €142,812 to €223,286
of which Remuneration and social security: +€55,642
- Gross operating margin +€425,440
up €425,440 (+30.8%), from €1.4m to €1.8m
- Staff costs +€155,417
up €155,417 (+18.1%), from €860,984 to €1.0m
- Taxes +€61,069
up €61,069 (+56.1%), from €108,839 to €169,907
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.
Cash bridge derived
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 | €2,799,040 | €3,168,224 | +€369,184 | +13.2% |
| Fixed assets | 21/28 | €356,983 | €357,492 | +€509 | +0.1% |
| Intangible fixed assets | 21 | €1,794 | €12,300 | +€10,506 | +585.7% |
| Tangible fixed assets | 22/27 | €355,054 | €345,057 | -€9,997 | -2.8% |
| Plant, machinery and equipment | 23 | €25,611 | €47,418 | +€21,807 | +85.1% |
| Furniture and vehicles | 24 | €60,153 | €83,434 | +€23,281 | +38.7% |
| Other tangible fixed assets | 26 | €269,291 | €214,205 | -€55,086 | -20.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €2,442,057 | €2,810,732 | +€368,675 | +15.1% |
| Stocks and contracts in progress | 3 | €978,065 | €804,416 | -€173,648 | -17.8% |
| Stocks | 30/36 | €978,065 | €804,416 | -€173,648 | -17.8% |
| Amounts receivable within one year | 40/41 | €775,144 | €1,544,409 | +€769,265 | +99.2% |
| Trade receivables | 40 | €672,532 | €1,479,456 | +€806,923 | +120.0% |
| Other amounts receivable | 41 | €102,612 | €64,953 | -€37,659 | -36.7% |
| Cash at bank and in hand | 54/58 | €673,364 | €376,447 | -€296,917 | -44.1% |
| Deferred charges and accrued income | 490/1 | €15,484 | €85,459 | +€69,975 | +451.9% |
| Total equity and liabilities | 10/49 | €2,799,040 | €3,168,224 | +€369,184 | +13.2% |
| Equity | 10/15 | €1,528,081 | €1,728,822 | +€200,741 | +13.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,463,963 | €1,664,704 | +€200,741 | +13.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,457,763 | €1,658,504 | +€200,741 | +13.8% |
| Investment grants | 15 | €2,118 | €2,118 | = | 0.0% |
| Provisions and deferred taxes | 16 | €52,691 | €54,951 | +€2,260 | +4.3% |
| Provisions for liabilities and charges | 160/5 | €52,691 | €54,951 | +€2,260 | +4.3% |
| Other liabilities and charges | 164/5 | €52,691 | €54,951 | +€2,260 | +4.3% |
| Amounts payable | 17/49 | €1,218,269 | €1,384,451 | +€166,182 | +13.6% |
| Amounts payable after more than one year | 17 | €69,295 | €26,113 | -€43,182 | -62.3% |
| Financial debts | 170/4 | €69,295 | €26,113 | -€43,182 | -62.3% |
| Amounts payable within one year | 42/48 | €1,146,324 | €1,353,639 | +€207,315 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €69,232 | €46,230 | -€23,002 | -33.2% |
| Trade debts | 44 | €736,027 | €613,730 | -€122,298 | -16.6% |
| Suppliers | 440/4 | €736,027 | €613,730 | -€122,298 | -16.6% |
| Advances received on contracts in progress | 46 | €10,503 | €169,282 | +€158,779 | +1511.8% |
| Taxes, remuneration and social security | 45 | €142,812 | €223,286 | +€80,474 | +56.3% |
| Taxes | 450/3 | €6,765 | €31,598 | +€24,832 | +367.1% |
| Remuneration and social security | 454/9 | €136,047 | €191,689 | +€55,642 | +40.9% |
| Other amounts payable | 47/48 | €187,750 | €301,111 | +€113,361 | +60.4% |
| Accrued charges and deferred income | 492/3 | €2,650 | €4,700 | +€2,050 | +77.4% |
| Remuneration, social security and pensions | 62 | €860,984 | €1,016,401 | +€155,417 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,286 | €97,081 | -€4,204 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,642 | -€7,642 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,420 | €2,260 | +€17,680 | |
| Other operating charges | 640/8 | €4,750 | €19,226 | +€14,476 | +304.8% |
| Gross operating margin | 9900 | €1,383,007 | €1,808,447 | +€425,440 | +30.8% |
| Operating profit (loss) | 9901 | €431,407 | €681,120 | +€249,713 | +57.9% |
| Financial income | 75/76B | €2,177 | €1,632 | -€545 | -25.0% |
| Recurring financial income | 75 | €2,177 | €1,632 | -€545 | -25.0% |
| Financial charges | 65/66B | €11,829 | €10,993 | -€836 | -7.1% |
| Recurring financial charges | 65 | €11,829 | €10,993 | -€836 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €421,755 | €671,759 | +€250,004 | +59.3% |
| Income taxes | 67/77 | €108,839 | €169,907 | +€61,069 | +56.1% |
| Profit (loss) for the period | 9904 | €312,916 | €501,852 | +€188,936 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €312,916 | €501,852 | +€188,936 | +60.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.