EXPRO IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€143,155
up €143,155 (+120%), from €119,501 to €262,656
of which Assets under construction and advance payments: +€143,155
- Cash +€100,592
up €100,592 (+28.3%), from €355,091 to €455,683
mainly Trade debts (+€156,604) and Net result for the year (+€124,463)
- Current investments +€46,882
up €46,882 (+4.3%), from €1.1m to €1.1m
- Receivables within one year +€36,494
up €36,494 (+356%), from €10,258 to €46,752
of which Trade receivables: +€39,604
- Trade debts +€156,604
up €156,604 (+17,334%), from €903 to €157,507
- Debts after one year +€85,088
new in 2025: €85,088
- Reserves +€74,678
up €74,678 (+5.3%), from €1.4m to €1.5m
of which Distributable reserves: +€74,678
- Current portion of long-term debt +€43,613
new in 2025: €43,613
- Other debts -€32,112
down €32,112 (-41.7%), from €76,924 to €44,813
- Financial charges +€63,432
up €63,432, from -€61,331 to €2,100
- Financial income -€23,127
down €23,127 (-27.4%), from €84,357 to €61,229
- Gross operating margin -€5,057
down €5,057 (-5.0%), from €100,390 to €95,334
- Taxes -€2,140
down €2,140 (-6.9%), from €31,123 to €28,983
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 | €1,583,302 | €1,910,426 | +€327,124 | +20.7% |
| Fixed assets | 21/28 | €119,501 | €262,656 | +€143,155 | +120% |
| Tangible fixed assets | 22/27 | €119,501 | €262,656 | +€143,155 | +120% |
| Land and buildings | 22 | €103,472 | €103,472 | = | 0.0% |
| Assets under construction and advance payments | 27 | €16,029 | €159,184 | +€143,155 | +893% |
| Current assets | 29/58 | €1,463,801 | €1,647,769 | +€183,968 | +12.6% |
| Amounts receivable within one year | 40/41 | €10,258 | €46,752 | +€36,494 | +356% |
| Trade receivables | 40 | - | €39,604 | +€39,604 | |
| Other amounts receivable | 41 | €10,258 | €7,148 | -€3,110 | -30.3% |
| Current investments | 50/53 | €1,098,452 | €1,145,334 | +€46,882 | +4.3% |
| Cash at bank and in hand | 54/58 | €355,091 | €455,683 | +€100,592 | +28.3% |
| Total equity and liabilities | 10/49 | €1,583,302 | €1,910,426 | +€327,124 | +20.7% |
| Equity | 10/15 | €1,488,025 | €1,562,703 | +€74,678 | +5.0% |
| 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 | €1,419,082 | €1,493,759 | +€74,678 | +5.3% |
| Non-distributable reserves | 130/1 | €6,365 | €6,365 | = | 0.0% |
| Legal reserve | 130 | €6,365 | €6,365 | = | 0.0% |
| Distributable reserves | 133 | €1,412,716 | €1,487,394 | +€74,678 | +5.3% |
| Investment grants | 15 | €6,944 | €6,944 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,486 | €5,486 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,486 | €5,486 | = | 0.0% |
| Taxes | 161 | €5,486 | €5,486 | = | 0.0% |
| Amounts payable | 17/49 | €89,791 | €342,237 | +€252,446 | +281% |
| Amounts payable after more than one year | 17 | - | €85,088 | +€85,088 | |
| Financial debts | 170/4 | - | €85,088 | +€85,088 | |
| Amounts payable within one year | 42/48 | €89,291 | €256,649 | +€167,358 | +187% |
| Current portion of amounts payable after more than one year | 42 | - | €43,613 | +€43,613 | |
| Trade debts | 44 | €903 | €157,507 | +€156,604 | +17,334% |
| Suppliers | 440/4 | €903 | €157,507 | +€156,604 | +17,334% |
| Taxes, remuneration and social security | 45 | €11,463 | €10,716 | -€747 | -6.5% |
| Taxes | 450/3 | €11,463 | €10,716 | -€747 | -6.5% |
| Other amounts payable | 47/48 | €76,924 | €44,813 | -€32,112 | -41.7% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | - | -€338 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | - | €18 | +€18 | |
| Gross operating margin | 9900 | €100,390 | €95,334 | -€5,057 | -5.0% |
| Operating profit (loss) | 9901 | €99,084 | €94,317 | -€4,768 | -4.8% |
| Financial income | 75/76B | €84,357 | €61,229 | -€23,127 | -27.4% |
| Recurring financial income | 75 | €84,357 | €61,229 | -€23,127 | -27.4% |
| Financial charges | 65/66B | -€61,331 | €2,100 | +€63,432 | |
| Recurring financial charges | 65 | -€61,331 | €2,100 | +€63,432 | |
| Profit (loss) for the period before taxes | 9903 | €244,772 | €153,446 | -€91,326 | -37.3% |
| Income taxes | 67/77 | €31,123 | €28,983 | -€2,140 | -6.9% |
| Profit (loss) for the period | 9904 | €213,650 | €124,463 | -€89,187 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €213,650 | €124,463 | -€89,187 | -41.7% |
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 25 October 2026 via checked.be.