DE EXPERTEN: what changed
DE EXPERTEN
Largest movements
- Receivables within one year +€18,859
up €18,859 (+120%), from €15,753 to €34,612
of which Trade receivables: +€18,749
- Cash -€5,638
down €5,638 (-100.0%), from €5,640 to €2
mainly Receivables within one year (-€18,859) and Investment in fixed assets (net) (-€6,079)
- Financial fixed assets +€3,980
new in 2025: €3,980
- Tangible fixed assets +€893
up €893 (+32.8%), from €2,723 to €3,616
- Other debts +€6,338
up €6,338 (+56.8%), from €11,149 to €17,487
- Short-term financial debts +€4,603
new in 2025: €4,603
- Trade debts +€4,410
up €4,410 (+88.8%), from €4,968 to €9,378
- Tax, wage and social debts +€2,760
up €2,760 (+194%), from €1,421 to €4,181
- Gross operating margin +€14,640
up €14,640, from -€11,593 to €3,048
- Depreciation +€732
up €732 (+155%), from €474 to €1,206
- Financial income -€444
down €444 (-97.9%), from €454 to €10
- Financial charges +€252
up €252 (+30.1%), from €836 to €1,088
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,175 | €42,523 | +€18,349 | +75.9% |
| Fixed assets | 21/28 | €2,723 | €7,596 | +€4,873 | +179% |
| Tangible fixed assets | 22/27 | €2,723 | €3,616 | +€893 | +32.8% |
| Furniture and vehicles | 24 | €2,723 | €3,616 | +€893 | +32.8% |
| Financial fixed assets | 28 | - | €3,980 | +€3,980 | |
| Current assets | 29/58 | €21,451 | €34,927 | +€13,476 | +62.8% |
| Amounts receivable within one year | 40/41 | €15,753 | €34,612 | +€18,859 | +120% |
| Trade receivables | 40 | €6,343 | €25,091 | +€18,749 | +296% |
| Other amounts receivable | 41 | €9,410 | €9,520 | +€110 | +1.2% |
| Cash at bank and in hand | 54/58 | €5,640 | €2 | -€5,638 | -100.0% |
| Deferred charges and accrued income | 490/1 | €58 | €313 | +€254 | +437% |
| Total equity and liabilities | 10/49 | €24,175 | €42,523 | +€18,349 | +75.9% |
| Equity | 10/15 | €6,636 | €6,874 | +€237 | +3.6% |
| Contributions | 10/11 | €7,030 | €7,030 | = | 0.0% |
| Reserves | 13 | €15,951 | €15,951 | = | 0.0% |
| Distributable reserves | 133 | €15,951 | €15,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,345 | -€16,107 | +€237 | +1.5% |
| Amounts payable | 17/49 | €17,538 | €35,649 | +€18,111 | +103% |
| Amounts payable within one year | 42/48 | €17,538 | €35,649 | +€18,111 | +103% |
| Financial debts | 43 | - | €4,603 | +€4,603 | |
| Credit institutions | 430/8 | - | €4,603 | +€4,603 | |
| Trade debts | 44 | €4,968 | €9,378 | +€4,410 | +88.8% |
| Suppliers | 440/4 | €4,968 | €9,378 | +€4,410 | +88.8% |
| Taxes, remuneration and social security | 45 | €1,421 | €4,181 | +€2,760 | +194% |
| Taxes | 450/3 | €1,421 | €4,181 | +€2,760 | +194% |
| Other amounts payable | 47/48 | €11,149 | €17,487 | +€6,338 | +56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €474 | €1,206 | +€732 | +155% |
| Other operating charges | 640/8 | €505 | €526 | +€21 | +4.1% |
| Gross operating margin | 9900 | -€11,593 | €3,048 | +€14,640 | |
| Operating profit (loss) | 9901 | -€12,572 | €1,316 | +€13,887 | |
| Financial income | 75/76B | €454 | €10 | -€444 | -97.9% |
| Recurring financial income | 75 | €454 | €10 | -€444 | -97.9% |
| Financial charges | 65/66B | €836 | €1,088 | +€252 | +30.1% |
| Recurring financial charges | 65 | €836 | €1,088 | +€252 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,953 | €237 | +€13,191 | |
| Profit (loss) for the period | 9904 | -€12,953 | €237 | +€13,191 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,953 | €237 | +€13,191 |
Next steps
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 1 November 2026 via checked.be.