XPANCEON: 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.
XPANCEON
Largest movements
- Receivables within one year -€60,839
down €60,839 (-100.0%), from €60,864 to €25
of which Other amounts receivable: -€59,953
- Tangible fixed assets +€6,766
up €6,766 (+2.1%), from €320,061 to €326,826
of which Furniture and vehicles: +€11,313
- Debts after one year -€45,233
down €45,233 (-12.0%), from €378,069 to €332,836
of which Other amounts payable: -€31,698
- Profit (loss) carried forward -€12,520
down €12,520 (-155%), from -€8,057 to -€20,577
- Depreciation +€7,969
up €7,969 (+198%), from €4,017 to €11,986
- Gross operating margin +€7,381
up €7,381 (+187%), from €3,947 to €11,329
- Financial charges +€6,061
up €6,061 (+188%), from €3,229 to €9,290
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 | €390,555 | €339,611 | -€50,944 | -13.0% |
| Formation expenses | 20 | €1,858 | €1,383 | -€474 | -25.5% |
| Fixed assets | 21/28 | €320,061 | €326,826 | +€6,766 | +2.1% |
| Tangible fixed assets | 22/27 | €320,061 | €326,826 | +€6,766 | +2.1% |
| Land and buildings | 22 | €312,705 | €305,046 | -€7,659 | -2.4% |
| Plant, machinery and equipment | 23 | - | €3,111 | +€3,111 | |
| Furniture and vehicles | 24 | €7,356 | €18,669 | +€11,313 | +154% |
| Current assets | 29/58 | €68,637 | €11,402 | -€57,235 | -83.4% |
| Amounts receivable within one year | 40/41 | €60,864 | €25 | -€60,839 | -100.0% |
| Trade receivables | 40 | €886 | €0 | -€886 | -100% |
| Other amounts receivable | 41 | €59,978 | €25 | -€59,953 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,773 | €10,820 | +€3,047 | +39.2% |
| Deferred charges and accrued income | 490/1 | - | €556 | +€556 | |
| Total equity and liabilities | 10/49 | €390,555 | €339,611 | -€50,944 | -13.0% |
| Equity | 10/15 | -€5,057 | -€17,577 | -€12,520 | -248% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,057 | -€20,577 | -€12,520 | -155% |
| Amounts payable | 17/49 | €395,612 | €357,188 | -€38,424 | -9.7% |
| Amounts payable after more than one year | 17 | €378,069 | €332,836 | -€45,233 | -12.0% |
| Financial debts | 170/4 | €239,834 | €226,300 | -€13,534 | -5.6% |
| Other amounts payable | 178/9 | €138,235 | €106,537 | -€31,698 | -22.9% |
| Amounts payable within one year | 42/48 | €17,543 | €24,352 | +€6,808 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €13,043 | €13,534 | +€491 | +3.8% |
| Trade debts | 44 | €753 | €1,163 | +€410 | +54.4% |
| Suppliers | 440/4 | €753 | €1,163 | +€410 | +54.4% |
| Taxes, remuneration and social security | 45 | €72 | €2,154 | +€2,083 | +2,905% |
| Taxes | 450/3 | €72 | €2,154 | +€2,083 | +2,905% |
| Other amounts payable | 47/48 | €3,675 | €7,500 | +€3,825 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,017 | €11,986 | +€7,969 | +198% |
| Other operating charges | 640/8 | €762 | €843 | +€81 | +10.6% |
| Non-recurring operating charges | 66A | - | €1,609 | +€1,609 | |
| Gross operating margin | 9900 | €3,947 | €11,329 | +€7,381 | +187% |
| Operating profit (loss) | 9901 | -€832 | -€3,109 | -€2,277 | -274% |
| Financial income | 75/76B | €4 | €11 | +€7 | +175% |
| Recurring financial income | 75 | €4 | €11 | +€7 | +175% |
| Financial charges | 65/66B | €3,229 | €9,290 | +€6,061 | +188% |
| Recurring financial charges | 65 | €3,229 | €9,290 | +€6,061 | +188% |
| Profit (loss) for the period before taxes | 9903 | -€4,057 | -€12,388 | -€8,332 | -205% |
| Income taxes | 67/77 | €72 | €132 | +€60 | +83.6% |
| Profit (loss) for the period | 9904 | -€4,129 | -€12,520 | -€8,392 | -203% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,129 | -€12,520 | -€8,392 | -203% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.