D-EXPERTISE: 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.
D-EXPERTISE
Largest movements
- Tangible fixed assets +€230,209
up €230,209 (+5,014%), from €4,591 to €234,800
of which Land and buildings: +€230,899
- Receivables within one year +€26,500
up €26,500 (+160%), from €16,539 to €43,039
of which Other amounts receivable: +€26,500
- Cash +€13,690
up €13,690 (+37.6%), from €36,430 to €50,120
mainly Debts after one year (+€184,826) and Net result for the year (+€78,732)
- Debts after one year +€184,826
up €184,826 (+146%), from €126,286 to €311,111
- Reserves +€78,732
up €78,732 (+79.6%), from €98,856 to €177,589
- Financial income +€44,992
up €44,992 (+84,412%), from €53 to €45,045
- Depreciation +€31,495
up €31,495 (+2,334%), from €1,350 to €32,845
- Taxes -€9,699
down €9,699 (-44.8%), from €21,653 to €11,954
- Gross operating margin +€7,580
up €7,580 (+9.6%), from €79,018 to €86,598
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 | €272,441 | €542,840 | +€270,399 | +99.3% |
| Fixed assets | 21/28 | €219,472 | €449,681 | +€230,209 | +105% |
| Tangible fixed assets | 22/27 | €4,591 | €234,800 | +€230,209 | +5,014% |
| Land and buildings | 22 | €2,678 | €233,577 | +€230,899 | +8,623% |
| Furniture and vehicles | 24 | €1,914 | €1,224 | -€690 | -36.1% |
| Financial fixed assets | 28 | €214,881 | €214,881 | = | 0.0% |
| Current assets | 29/58 | €52,968 | €93,159 | +€40,190 | +75.9% |
| Amounts receivable within one year | 40/41 | €16,539 | €43,039 | +€26,500 | +160% |
| Trade receivables | 40 | €16,539 | €16,539 | = | 0.0% |
| Other amounts receivable | 41 | - | €26,500 | +€26,500 | |
| Cash at bank and in hand | 54/58 | €36,430 | €50,120 | +€13,690 | +37.6% |
| Total equity and liabilities | 10/49 | €272,441 | €542,840 | +€270,399 | +99.3% |
| Equity | 10/15 | €103,856 | €182,589 | +€78,732 | +75.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €98,856 | €177,589 | +€78,732 | +79.6% |
| Distributable reserves | 133 | €98,856 | €177,589 | +€78,732 | +79.6% |
| Amounts payable | 17/49 | €168,585 | €360,252 | +€191,667 | +114% |
| Amounts payable after more than one year | 17 | €126,286 | €311,111 | +€184,826 | +146% |
| Financial debts | 170/4 | €126,286 | €311,111 | +€184,826 | +146% |
| Amounts payable within one year | 42/48 | €42,299 | €49,140 | +€6,842 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €25,929 | €27,077 | +€1,148 | +4.4% |
| Trade debts | 44 | €538 | €1,816 | +€1,278 | +238% |
| Suppliers | 440/4 | €538 | €1,816 | +€1,278 | +238% |
| Taxes, remuneration and social security | 45 | €14,172 | €13,945 | -€227 | -1.6% |
| Taxes | 450/3 | €11,189 | €10,421 | -€768 | -6.9% |
| Remuneration and social security | 454/9 | €2,984 | €3,525 | +€541 | +18.1% |
| Other amounts payable | 47/48 | €1,660 | €6,302 | +€4,642 | +280% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,350 | €32,845 | +€31,495 | +2,334% |
| Other operating charges | 640/8 | €525 | €865 | +€340 | +64.9% |
| Gross operating margin | 9900 | €79,018 | €86,598 | +€7,580 | +9.6% |
| Operating profit (loss) | 9901 | €77,143 | €52,888 | -€24,255 | -31.4% |
| Financial income | 75/76B | €53 | €45,045 | +€44,992 | +84,412% |
| Recurring financial income | 75 | €53 | €45,045 | +€44,992 | +84,412% |
| Financial charges | 65/66B | €7,351 | €7,247 | -€104 | -1.4% |
| Recurring financial charges | 65 | €7,351 | €7,247 | -€104 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €69,845 | €90,686 | +€20,841 | +29.8% |
| Income taxes | 67/77 | €21,653 | €11,954 | -€9,699 | -44.8% |
| Profit (loss) for the period | 9904 | €48,192 | €78,732 | +€30,540 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,192 | €78,732 | +€30,540 | +63.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.