L'EXPRESS: 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.
L'EXPRESS
Largest movements
- Receivables within one year +€11,804
up €11,804 (+445.8%), from €2,648 to €14,452
of which Other amounts receivable: +€8,203
- Tangible fixed assets -€11,028
down €11,028 (-79.9%), from €13,806 to €2,777
of which Furniture and vehicles: -€9,838
- Cash +€5,671
up €5,671 (+20.0%), from €28,300 to €33,971
mainly Trade debts (+€47,474) and Investment in fixed assets (net) (+€8,537)
- Deferred charges and accrued income -€3,828
no longer reported in 2024 (was €3,828)
- Intangible fixed assets -€2,000
down €2,000 (-12.4%), from €16,164 to €14,164
- Debts after one year -€52,191
no longer reported in 2024 (was €52,191)
- Trade debts +€47,474
up €47,474 (+187.1%), from €25,368 to €72,842
- Profit (loss) carried forward +€5,862
up €5,862 (+12.5%), from -€46,724 to -€40,863
- Staff costs +€12,137
up €12,137 (+36.6%), from €33,186 to €45,323
- Depreciation -€7,014
down €7,014 (-61.0%), from €11,505 to €4,491
- Taxes -€6,000
no longer reported in 2024 (was €6,000)
- Other operating charges +€4,975
up €4,975 (+614.4%), from €810 to €5,785
- Gross operating margin +€4,105
up €4,105 (+6.7%), from €61,430 to €65,535
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,117 | €120,735 | +€618 | +0.5% |
| Fixed assets | 21/28 | €30,581 | €17,552 | -€13,028 | -42.6% |
| Intangible fixed assets | 21 | €16,164 | €14,164 | -€2,000 | -12.4% |
| Tangible fixed assets | 22/27 | €13,806 | €2,777 | -€11,028 | -79.9% |
| Plant, machinery and equipment | 23 | €3,410 | €2,220 | -€1,190 | -34.9% |
| Furniture and vehicles | 24 | €10,395 | €557 | -€9,838 | -94.6% |
| Financial fixed assets | 28 | €611 | €611 | = | 0.0% |
| Current assets | 29/58 | €89,536 | €103,183 | +€13,647 | +15.2% |
| Stocks and contracts in progress | 3 | €54,760 | €54,760 | = | 0.0% |
| Stocks | 30/36 | €54,760 | €54,760 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,648 | €14,452 | +€11,804 | +445.8% |
| Trade receivables | 40 | €600 | €4,200 | +€3,600 | +600.1% |
| Other amounts receivable | 41 | €2,048 | €10,251 | +€8,203 | +400.6% |
| Cash at bank and in hand | 54/58 | €28,300 | €33,971 | +€5,671 | +20.0% |
| Deferred charges and accrued income | 490/1 | €3,828 | - | -€3,828 | |
| Total equity and liabilities | 10/49 | €120,117 | €120,735 | +€618 | +0.5% |
| Equity | 10/15 | -€8,132 | -€2,271 | +€5,862 | +72.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,724 | -€40,863 | +€5,862 | +12.5% |
| Amounts payable | 17/49 | €128,249 | €123,006 | -€5,243 | -4.1% |
| Amounts payable after more than one year | 17 | €52,191 | - | -€52,191 | |
| Financial debts | 170/4 | €52,191 | - | -€52,191 | |
| Amounts payable within one year | 42/48 | €76,058 | €123,006 | +€46,948 | +61.7% |
| Trade debts | 44 | €25,368 | €72,842 | +€47,474 | +187.1% |
| Suppliers | 440/4 | €25,368 | €72,842 | +€47,474 | +187.1% |
| Taxes, remuneration and social security | 45 | €50,691 | €50,165 | -€526 | -1.0% |
| Taxes | 450/3 | €50,691 | €4,011 | -€46,680 | -92.1% |
| Remuneration and social security | 454/9 | - | €46,154 | +€46,154 | |
| Remuneration, social security and pensions | 62 | €33,186 | €45,323 | +€12,137 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,505 | €4,491 | -€7,014 | -61.0% |
| Other operating charges | 640/8 | €810 | €5,785 | +€4,975 | +614.4% |
| Gross operating margin | 9900 | €61,430 | €65,535 | +€4,105 | +6.7% |
| Operating profit (loss) | 9901 | €15,929 | €9,936 | -€5,993 | -37.6% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €2,625 | €4,104 | +€1,479 | +56.3% |
| Recurring financial charges | 65 | €2,625 | €4,104 | +€1,479 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €13,304 | €5,862 | -€7,443 | -55.9% |
| Income taxes | 67/77 | €6,000 | - | -€6,000 | |
| Profit (loss) for the period | 9904 | €7,304 | €5,862 | -€1,443 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,304 | €5,862 | -€1,443 | -19.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.