XPAND Partners: 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.
XPAND Partners
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-97.3%), from €1.2m to €32,769
of which Trade receivables: -€1.2m
- Cash +€1.1m
up €1.1m (+251%), from €435,119 to €1.5m
mainly Receivables within one year (+€1.2m) and Net result for the year (+€60,978)
- Financial fixed assets +€49,300
up €49,300 (+16.1%), from €306,621 to €355,921
- Trade debts -€107,005
down €107,005 (-6.1%), from €1.7m to €1.6m
- Profit (loss) carried forward +€60,978
up €60,978 (+29.9%), from €203,955 to €264,932
- Staff costs +€181,026
up €181,026 (+47.5%), from €381,190 to €562,216
- Gross operating margin +€161,726
up €161,726 (+32.2%), from €502,575 to €664,301
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 | €2,012,396 | €1,960,697 | -€51,699 | -2.6% |
| Fixed assets | 21/28 | €310,534 | €360,949 | +€50,415 | +16.2% |
| Tangible fixed assets | 22/27 | €3,913 | €5,028 | +€1,115 | +28.5% |
| Plant, machinery and equipment | 23 | €3,913 | €5,028 | +€1,115 | +28.5% |
| Financial fixed assets | 28 | €306,621 | €355,921 | +€49,300 | +16.1% |
| Current assets | 29/58 | €1,701,862 | €1,599,747 | -€102,114 | -6.0% |
| Amounts receivable within one year | 40/41 | €1,211,183 | €32,769 | -€1.2m | -97.3% |
| Trade receivables | 40 | €1,198,781 | €4,980 | -€1.2m | -99.6% |
| Other amounts receivable | 41 | €12,402 | €27,789 | +€15,387 | +124% |
| Cash at bank and in hand | 54/58 | €435,119 | €1,526,852 | +€1.1m | +251% |
| Deferred charges and accrued income | 490/1 | €55,560 | €40,126 | -€15,434 | -27.8% |
| Total equity and liabilities | 10/49 | €2,012,396 | €1,960,697 | -€51,699 | -2.6% |
| Equity | 10/15 | €228,966 | €289,943 | +€60,978 | +26.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11 | €11 | = | 0.0% |
| Distributable reserves | 133 | €11 | €11 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,955 | €264,932 | +€60,978 | +29.9% |
| Amounts payable | 17/49 | €1,783,430 | €1,670,753 | -€112,677 | -6.3% |
| Amounts payable within one year | 42/48 | €1,777,098 | €1,666,048 | -€111,050 | -6.2% |
| Trade debts | 44 | €1,741,213 | €1,634,208 | -€107,005 | -6.1% |
| Suppliers | 440/4 | €1,741,213 | €1,634,208 | -€107,005 | -6.1% |
| Taxes, remuneration and social security | 45 | €34,820 | €30,774 | -€4,045 | -11.6% |
| Taxes | 450/3 | €8,231 | €7,779 | -€452 | -5.5% |
| Remuneration and social security | 454/9 | €26,589 | €22,995 | -€3,594 | -13.5% |
| Other amounts payable | 47/48 | €1,066 | €1,066 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,331 | €4,705 | -€1,626 | -25.7% |
| Remuneration, social security and pensions | 62 | €381,190 | €562,216 | +€181,026 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,784 | €3,651 | +€1,866 | +105% |
| Other operating charges | 640/8 | €1,047 | €998 | -€49 | -4.6% |
| Gross operating margin | 9900 | €502,575 | €664,301 | +€161,726 | +32.2% |
| Operating profit (loss) | 9901 | €118,554 | €97,436 | -€21,118 | -17.8% |
| Financial income | 75/76B | €298 | €747 | +€448 | +150% |
| Recurring financial income | 75 | €298 | €747 | +€448 | +150% |
| Financial charges | 65/66B | €2,937 | €2,746 | -€191 | -6.5% |
| Recurring financial charges | 65 | €2,937 | €2,746 | -€191 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €115,915 | €95,436 | -€20,479 | -17.7% |
| Income taxes | 67/77 | €37,752 | €34,459 | -€3,294 | -8.7% |
| Profit (loss) for the period | 9904 | €78,163 | €60,978 | -€17,185 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,163 | €60,978 | -€17,185 | -22.0% |
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.