EXPS: what changed
Two fiscal 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.
EXPS
Largest movements
- Current investments +€21,741
up €21,741 (+12.0%), from €180,841 to €202,581
- Tangible fixed assets -€12,969
down €12,969 (-23.1%), from €56,096 to €43,127
of which Furniture and vehicles: -€11,167
- Cash -€10,344
down €10,344 (-41.0%), from €25,249 to €14,906
mainly Tax, wage and social debts (-€23,260) and Current investments (-€21,741)
- Tax, wage and social debts -€23,260
down €23,260 (-51.7%), from €44,989 to €21,729
- Reserves +€16,000
up €16,000 (+7.2%), from €221,860 to €237,860
- Other debts +€12,923
up €12,923 (+36.7%), from €35,224 to €48,147
- Trade debts -€10,001
down €10,001 (-66.7%), from €15,001 to €5,000
- Gross operating margin -€50,554
down €50,554 (-58.5%), from €86,351 to €35,797
- Taxes -€17,866
down €17,866 (-71.3%), from €25,048 to €7,182
- Depreciation +€7,303
up €7,303 (+128.9%), from €5,666 to €12,969
- Financial income -€1,166
down €1,166 (-31.9%), from €3,655 to €2,489
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 | €344,053 | €340,816 | -€3,237 | -0.9% |
| Fixed assets | 21/28 | €56,096 | €43,127 | -€12,969 | -23.1% |
| Tangible fixed assets | 22/27 | €56,096 | €43,127 | -€12,969 | -23.1% |
| Plant, machinery and equipment | 23 | €2,382 | €1,116 | -€1,266 | -53.2% |
| Furniture and vehicles | 24 | €51,055 | €39,888 | -€11,167 | -21.9% |
| Other tangible fixed assets | 26 | €2,659 | €2,124 | -€535 | -20.1% |
| Current assets | 29/58 | €287,957 | €297,689 | +€9,732 | +3.4% |
| Amounts receivable within one year | 40/41 | €81,867 | €80,202 | -€1,665 | -2.0% |
| Trade receivables | 40 | €81,867 | €80,202 | -€1,665 | -2.0% |
| Current investments | 50/53 | €180,841 | €202,581 | +€21,741 | +12.0% |
| Cash at bank and in hand | 54/58 | €25,249 | €14,906 | -€10,344 | -41.0% |
| Total equity and liabilities | 10/49 | €344,053 | €340,816 | -€3,237 | -0.9% |
| Equity | 10/15 | €248,840 | €265,940 | +€17,100 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,860 | €237,860 | +€16,000 | +7.2% |
| Distributable reserves | 133 | €221,860 | €237,860 | +€16,000 | +7.2% |
| Profit (loss) carried forward | 14 | €8,380 | €9,480 | +€1,100 | +13.1% |
| Amounts payable | 17/49 | €95,214 | €74,876 | -€20,338 | -21.4% |
| Amounts payable within one year | 42/48 | €95,214 | €74,876 | -€20,338 | -21.4% |
| Trade debts | 44 | €15,001 | €5,000 | -€10,001 | -66.7% |
| Suppliers | 440/4 | €15,001 | €5,000 | -€10,001 | -66.7% |
| Taxes, remuneration and social security | 45 | €44,989 | €21,729 | -€23,260 | -51.7% |
| Taxes | 450/3 | €44,989 | €21,729 | -€23,260 | -51.7% |
| Other amounts payable | 47/48 | €35,224 | €48,147 | +€12,923 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,666 | €12,969 | +€7,303 | +128.9% |
| Other operating charges | 640/8 | €845 | €976 | +€130 | +15.4% |
| Gross operating margin | 9900 | €86,351 | €35,797 | -€50,554 | -58.5% |
| Operating profit (loss) | 9901 | €79,840 | €21,852 | -€57,988 | -72.6% |
| Financial income | 75/76B | €3,655 | €2,489 | -€1,166 | -31.9% |
| Recurring financial income | 75 | €3,655 | €2,489 | -€1,166 | -31.9% |
| Financial charges | 65/66B | €61 | €60 | -€1 | -2.2% |
| Recurring financial charges | 65 | €61 | €60 | -€1 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €83,435 | €24,282 | -€59,153 | -70.9% |
| Income taxes | 67/77 | €25,048 | €7,182 | -€17,866 | -71.3% |
| Profit (loss) for the period | 9904 | €58,387 | €17,100 | -€41,287 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,387 | €17,100 | -€41,287 | -70.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.