XPANSION: 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.
XPANSION
Largest movements
- Receivables within one year +€29,359
up €29,359 (+4589.0%), from €640 to €29,999
of which Trade receivables: +€20,274
- Intangible fixed assets -€14,070
no longer reported in 2025 (was €14,070)
- Cash -€8,159
down €8,159 (-62.3%), from €13,102 to €4,943
mainly Receivables within one year (-€29,359) and Tax, wage and social debts (-€10,120)
- Deferred charges and accrued income -€537
down €537 (-66.4%), from €808 to €271
- Profit (loss) carried forward +€15,961
up €15,961 (+71.5%), from -€22,315 to -€6,354
- Tax, wage and social debts -€10,120
down €10,120 (-93.6%), from €10,810 to €690
of which Taxes: -€7,320
- Trade debts +€8,371
up €8,371 (+77.0%), from €10,871 to €19,242
- Debts after one year -€7,658
down €7,658 (-46.6%), from €16,442 to €8,783
- Accrued charges and deferred income -€677
down €677 (-17.5%), from €3,872 to €3,194
- Gross operating margin +€67,560
up €67,560, from -€34,282 to €33,277
- Other operating charges +€14,869
up €14,869 (+23306.3%), from €64 to €14,933
- Depreciation -€3,048
down €3,048 (-90.7%), from €3,359 to €311
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 | €28,930 | €35,214 | +€6,283 | +21.7% |
| Fixed assets | 21/28 | €14,380 | - | -€14,380 | |
| Intangible fixed assets | 21 | €14,070 | - | -€14,070 | |
| Tangible fixed assets | 22/27 | €311 | - | -€311 | |
| Furniture and vehicles | 24 | €311 | - | -€311 | |
| Current assets | 29/58 | €14,550 | €35,214 | +€20,664 | +142.0% |
| Amounts receivable within one year | 40/41 | €640 | €29,999 | +€29,359 | +4589.0% |
| Trade receivables | 40 | - | €20,274 | +€20,274 | |
| Other amounts receivable | 41 | €640 | €9,725 | +€9,086 | +1420.1% |
| Cash at bank and in hand | 54/58 | €13,102 | €4,943 | -€8,159 | -62.3% |
| Deferred charges and accrued income | 490/1 | €808 | €271 | -€537 | -66.4% |
| Total equity and liabilities | 10/49 | €28,930 | €35,214 | +€6,283 | +21.7% |
| Equity | 10/15 | -€20,315 | -€4,354 | +€15,961 | +78.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,315 | -€6,354 | +€15,961 | +71.5% |
| Amounts payable | 17/49 | €49,245 | €39,568 | -€9,677 | -19.7% |
| Amounts payable after more than one year | 17 | €16,442 | €8,783 | -€7,658 | -46.6% |
| Financial debts | 170/4 | €16,442 | €8,783 | -€7,658 | -46.6% |
| Amounts payable within one year | 42/48 | €28,932 | €27,590 | -€1,341 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €7,251 | €7,658 | +€407 | +5.6% |
| Trade debts | 44 | €10,871 | €19,242 | +€8,371 | +77.0% |
| Suppliers | 440/4 | €10,871 | €19,242 | +€8,371 | +77.0% |
| Taxes, remuneration and social security | 45 | €10,810 | €690 | -€10,120 | -93.6% |
| Taxes | 450/3 | €8,010 | €690 | -€7,320 | -91.4% |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Accrued charges and deferred income | 492/3 | €3,872 | €3,194 | -€677 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,359 | €311 | -€3,048 | -90.7% |
| Other operating charges | 640/8 | €64 | €14,933 | +€14,869 | +23306.3% |
| Non-recurring operating charges | 66A | €148 | €325 | +€177 | +119.4% |
| Gross operating margin | 9900 | -€34,282 | €33,277 | +€67,560 | |
| Operating profit (loss) | 9901 | -€37,853 | €17,708 | +€55,561 | |
| Financial income | 75/76B | €0 | €7 | +€6 | +3533.3% |
| Recurring financial income | 75 | €0 | €7 | +€6 | +3533.3% |
| Financial charges | 65/66B | €1,752 | €1,754 | +€2 | +0.1% |
| Recurring financial charges | 65 | €1,752 | €1,754 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,605 | €15,961 | +€55,566 | |
| Profit (loss) for the period | 9904 | -€39,605 | €15,961 | +€55,566 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,605 | €15,961 | +€55,566 |
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.