In this blog post, we will provide you with an insight into the accounting practices of eXpand. Our company conducts Controlling Reports twice a year to assess our financial performance, including revenues, expenses, investments, and profit/loss. Today, we will focus on the key findings from our latest Controlling Reports for April 2023.
The first Controlling report of eXpand provides insights into the company's financial position and performance. With a total turnover of €24,407, the company has shown positive development. The revenue distribution consists of 69.7% from consulting services and 30.3% from market analysis in various countries such as Austria, Germany, Croatia, Italy, and Slovenia.
Market analysis in Austria proved to be particularly successful, with 24 units sold and generating approximately €17,145 in revenue. Social media marketing was also highly popular, generating even higher earnings of €24,239.
Total receivables amount to €51,122.9, with only 28% classified as trade receivables. Among these outstanding payments, 10% are overdue for more than 121 days, while the remaining 18% are due within 1 to 30 days.
The current year's expenses primarily consist of personnel costs, accounting for 86%. An additional 9% is allocated to other expenses such as insurance, cleaning services, and similar items. Naturally, there are also expenditures for taxes and marketing.
The operating income (EBITA) for April 2023 is €8,767 and is positive. However, the overall year 2023 still shows a negative EBITA of -€9,562, resulting in a loss of -€11,854 for the year.
Despite the loss, we remain confident that we are on the right track, as improvements compared to the previous month are already evident. Of course, there is still much to be done, as the numbers speak for themselves. We will continue to work hard to establish the company on a solid financial foundation and achieve long-term success.
