ROX - EXPO: 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.
ROX - EXPO
Largest movements
- Tangible fixed assets -€24,627
down €24,627 (-8.5%), from €290,331 to €265,704
of which Land and buildings: -€20,327
- Cash +€23,152
up €23,152 (+110%), from €21,038 to €44,191
mainly Depreciation (+€30,673) and Receivables within one year (+€23,087)
- Receivables within one year -€23,087
down €23,087 (-19.4%), from €118,898 to €95,811
of which Trade receivables: -€27,651
- Stocks and contracts -€11,014
down €11,014 (-4.4%), from €247,956 to €236,942
- Deferred charges and accrued income +€7,797
up €7,797 (+61.6%), from €12,661 to €20,458
- Debts after one year -€35,516
down €35,516 (-14.9%), from €239,012 to €203,496
- Reserves +€18,000
up €18,000 (+38.4%), from €46,900 to €64,900
of which Distributable reserves: +€18,000
- Other debts -€8,119
down €8,119 (-48.6%), from €16,693 to €8,575
- Gross operating margin -€57,785
down €57,785 (-25.6%), from €225,582 to €167,798
- Staff costs -€46,318
down €46,318 (-37.4%), from €123,771 to €77,453
- Write-downs +€11,584
up €11,584 (+774%), from €1,496 to €13,080
- Taxes +€5,353
up €5,353 (+203%), from €2,633 to €7,986
- Depreciation +€2,470
up €2,470 (+8.8%), from €28,203 to €30,673
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 | €691,339 | €663,560 | -€27,779 | -4.0% |
| Fixed assets | 21/28 | €290,787 | €266,160 | -€24,627 | -8.5% |
| Tangible fixed assets | 22/27 | €290,331 | €265,704 | -€24,627 | -8.5% |
| Land and buildings | 22 | €223,909 | €203,582 | -€20,327 | -9.1% |
| Plant, machinery and equipment | 23 | €4,822 | €7,144 | +€2,322 | +48.2% |
| Furniture and vehicles | 24 | €17,429 | €14,216 | -€3,212 | -18.4% |
| Other tangible fixed assets | 26 | €44,171 | €40,761 | -€3,410 | -7.7% |
| Financial fixed assets | 28 | €456 | €456 | = | 0.0% |
| Current assets | 29/58 | €400,553 | €397,400 | -€3,152 | -0.8% |
| Stocks and contracts in progress | 3 | €247,956 | €236,942 | -€11,014 | -4.4% |
| Stocks | 30/36 | €247,956 | €236,942 | -€11,014 | -4.4% |
| Amounts receivable within one year | 40/41 | €118,898 | €95,811 | -€23,087 | -19.4% |
| Trade receivables | 40 | €95,890 | €68,240 | -€27,651 | -28.8% |
| Other amounts receivable | 41 | €23,008 | €27,571 | +€4,563 | +19.8% |
| Cash at bank and in hand | 54/58 | €21,038 | €44,191 | +€23,152 | +110% |
| Deferred charges and accrued income | 490/1 | €12,661 | €20,458 | +€7,797 | +61.6% |
| Total equity and liabilities | 10/49 | €691,339 | €663,560 | -€27,779 | -4.0% |
| Equity | 10/15 | €319,010 | €335,694 | +€16,684 | +5.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €46,900 | €64,900 | +€18,000 | +38.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Distributable reserves | 133 | €46,900 | €64,900 | +€18,000 | +38.4% |
| Profit (loss) carried forward | 14 | €231,450 | €232,070 | +€620 | +0.3% |
| Investment grants | 15 | €21,660 | €19,724 | -€1,936 | -8.9% |
| Amounts payable | 17/49 | €372,330 | €327,866 | -€44,464 | -11.9% |
| Amounts payable after more than one year | 17 | €239,012 | €203,496 | -€35,516 | -14.9% |
| Financial debts | 170/4 | €239,012 | €203,496 | -€35,516 | -14.9% |
| Amounts payable within one year | 42/48 | €132,740 | €119,841 | -€12,899 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €33,621 | €35,516 | +€1,895 | +5.6% |
| Trade debts | 44 | €25,302 | €22,527 | -€2,775 | -11.0% |
| Suppliers | 440/4 | €25,302 | €22,527 | -€2,775 | -11.0% |
| Advances received on contracts in progress | 46 | €27,285 | €27,346 | +€61 | +0.2% |
| Taxes, remuneration and social security | 45 | €29,839 | €25,878 | -€3,961 | -13.3% |
| Taxes | 450/3 | €15,935 | €15,307 | -€628 | -3.9% |
| Remuneration and social security | 454/9 | €13,904 | €10,571 | -€3,333 | -24.0% |
| Other amounts payable | 47/48 | €16,693 | €8,575 | -€8,119 | -48.6% |
| Accrued charges and deferred income | 492/3 | €577 | €4,529 | +€3,952 | +685% |
| Non-recurring operating income | 76A | €67 | - | -€67 | |
| Remuneration, social security and pensions | 62 | €123,771 | €77,453 | -€46,318 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,203 | €30,673 | +€2,470 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,496 | €13,080 | +€11,584 | +774% |
| Other operating charges | 640/8 | €9,991 | €8,629 | -€1,363 | -13.6% |
| Gross operating margin | 9900 | €225,582 | €167,798 | -€57,785 | -25.6% |
| Operating profit (loss) | 9901 | €62,121 | €37,963 | -€24,158 | -38.9% |
| Financial income | 75/76B | €4,361 | €4,006 | -€355 | -8.1% |
| Recurring financial income | 75 | €3,861 | €4,006 | +€145 | +3.8% |
| Non-recurring financial income | 76B | €500 | - | -€500 | |
| Financial charges | 65/66B | €17,415 | €15,362 | -€2,053 | -11.8% |
| Recurring financial charges | 65 | €17,415 | €15,362 | -€2,053 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €49,066 | €26,607 | -€22,459 | -45.8% |
| Income taxes | 67/77 | €2,633 | €7,986 | +€5,353 | +203% |
| Profit (loss) for the period | 9904 | €46,433 | €18,620 | -€27,812 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,433 | €18,620 | -€27,812 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.