EXPRESS1: what changed
What changed
EXPRESS1
NACE 14.210, Manufacture of outerwear
filed annual accounts (NBB)
Net result for the year
-€106,100
2024 · €1,591-€107,692
Equity
€310,185
2024 · €416,285-€106,100
Cash
€146,086
2024 · €124,284+€21,802
Balance sheet total
€514,270
2024 · €515,300-€1,030
Largest movements
Assets
- Receivables within one year -€27,771
down €27,771 (-12.0%), from €232,085 to €204,315
of which Trade receivables: -€36,117
- Cash +€21,802
up €21,802 (+17.5%), from €124,284 to €146,086
mainly Provisions (+€164,199) and Receivables within one year (+€27,771)
- Stocks and contracts +€15,218
up €15,218 (+268%), from €5,669 to €20,888
- Tangible fixed assets -€8,977
down €8,977 (-5.9%), from €150,880 to €141,903
of which Other tangible fixed assets: -€9,729
Equity and liabilities
- Provisions +€164,199
new in 2025: €164,199
- Profit (loss) carried forward -€106,100
down €106,100, from €46,939 to -€59,161
- Tax, wage and social debts -€26,408
down €26,408 (-46.2%), from €57,145 to €30,738
of which Remuneration and social security: -€23,479
- Trade debts -€20,704
no longer reported in 2025 (was €20,704)
- Accrued charges and deferred income -€15,000
no longer reported in 2025 (was €15,000)
Income statement
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Purchases and services -€628,860
no longer reported in 2025 (was €628,860)
- Provisions +€164,199
new in 2025: €164,199
- Staff costs -€52,540
down €52,540 (-12.0%), from €437,621 to €385,081
- Gross operating margin +€20,505
up €20,505 (+4.6%), from €448,892 to €469,397
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,591
Gross operating margin
+€20,505
Staff costs
+€52,540
Depreciation
-€9,406
Provisions
-€164,199
Other operating charges
-€4,093
Financial income
+€1,066
Financial charges
-€9,384
Taxes
+€5,281
Result 2025
-€106,100
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,082
Investment
-€429
Financing
+€9,149
Cash 2024
€124,284
From operations (derived)
+€13,082
Net result for the year
-€106,100
Depreciation
+€9,406
Stocks and contracts
-€15,218
Receivables within one year
+€27,771
Deferred charges and accrued income
+€1,303
Provisions
+€164,199
Trade debts
-€20,704
Tax, wage and social debts
-€26,408
Other debts
-€6,166
Accrued charges and deferred income
-€15,000
Investment (derived)
-€429
Investment in fixed assets (net)
-€429
Financing
+€9,149
Short-term financial debts
+€9,149
Cash 2025
€146,086
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €515,300 | €514,270 | -€1,030 | -0.2% |
| Fixed assets | 21/28 | €150,940 | €141,963 | -€8,977 | -5.9% |
| Tangible fixed assets | 22/27 | €150,880 | €141,903 | -€8,977 | -5.9% |
| Plant, machinery and equipment | 23 | €36,636 | €36,427 | -€209 | -0.6% |
| Furniture and vehicles | 24 | €20,243 | €21,203 | +€961 | +4.7% |
| Other tangible fixed assets | 26 | €94,001 | €84,272 | -€9,729 | -10.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €364,360 | €372,307 | +€7,947 | +2.2% |
| Stocks and contracts in progress | 3 | €5,669 | €20,888 | +€15,218 | +268% |
| Stocks | 30/36 | €5,669 | €20,888 | +€15,218 | +268% |
| Amounts receivable within one year | 40/41 | €232,085 | €204,315 | -€27,771 | -12.0% |
| Trade receivables | 40 | €109,288 | €73,171 | -€36,117 | -33.0% |
| Other amounts receivable | 41 | €122,797 | €131,144 | +€8,346 | +6.8% |
| Cash at bank and in hand | 54/58 | €124,284 | €146,086 | +€21,802 | +17.5% |
| Deferred charges and accrued income | 490/1 | €2,322 | €1,019 | -€1,303 | -56.1% |
| Total equity and liabilities | 10/49 | €515,300 | €514,270 | -€1,030 | -0.2% |
| Equity | 10/15 | €416,285 | €310,185 | -€106,100 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €350,745 | €350,745 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €348,885 | €348,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,939 | -€59,161 | -€106,100 | |
| Provisions and deferred taxes | 16 | - | €164,199 | +€164,199 | |
| Provisions for liabilities and charges | 160/5 | - | €164,199 | +€164,199 | |
| Other liabilities and charges | 164/5 | - | €164,199 | +€164,199 | |
| Amounts payable | 17/49 | €99,016 | €39,887 | -€59,129 | -59.7% |
| Amounts payable within one year | 42/48 | €84,016 | €39,887 | -€44,129 | -52.5% |
| Financial debts | 43 | - | €9,149 | +€9,149 | |
| Credit institutions | 430/8 | - | €9,149 | +€9,149 | |
| Trade debts | 44 | €20,704 | - | -€20,704 | |
| Suppliers | 440/4 | €20,704 | - | -€20,704 | |
| Taxes, remuneration and social security | 45 | €57,145 | €30,738 | -€26,408 | -46.2% |
| Taxes | 450/3 | €30,601 | €27,673 | -€2,928 | -9.6% |
| Remuneration and social security | 454/9 | €26,544 | €3,065 | -€23,479 | -88.5% |
| Other amounts payable | 47/48 | €6,166 | - | -€6,166 | |
| Accrued charges and deferred income | 492/3 | €15,000 | - | -€15,000 | |
| Turnover | 70 | €1,077,752 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €628,860 | - | -€628,860 | |
| Remuneration, social security and pensions | 62 | €437,621 | €385,081 | -€52,540 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,406 | +€9,406 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €164,199 | +€164,199 | |
| Other operating charges | 640/8 | €3,542 | €7,635 | +€4,093 | +116% |
| Gross operating margin | 9900 | €448,892 | €469,397 | +€20,505 | +4.6% |
| Operating profit (loss) | 9901 | €7,729 | -€96,925 | -€104,654 | |
| Financial income | 75/76B | €1,839 | €2,905 | +€1,066 | +58.0% |
| Recurring financial income | 75 | €5 | €2,905 | +€2,899 | +56,741% |
| Non-recurring financial income | 76B | €1,834 | - | -€1,834 | |
| Financial charges | 65/66B | €729 | €10,113 | +€9,384 | +1,288% |
| Recurring financial charges | 65 | €729 | €10,113 | +€9,384 | +1,288% |
| Profit (loss) for the period before taxes | 9903 | €8,839 | -€104,133 | -€112,972 | |
| Income taxes | 67/77 | €7,248 | €1,967 | -€5,281 | -72.9% |
| Profit (loss) for the period | 9904 | €1,591 | -€106,100 | -€107,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,591 | -€106,100 | -€107,692 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.