ESPERTI: 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.
ESPERTI
Largest movements
- Cash -€5,764
down €5,764 (-28.2%), from €20,476 to €14,712
mainly Investment in fixed assets (net) (-€10,926) and Debts after one year (-€10,550)
- Tangible fixed assets -€3,545
down €3,545 (-1.2%), from €301,595 to €298,050
- Debts after one year -€10,550
down €10,550 (-2.9%), from €360,550 to €350,000
- Gross operating margin -€2,159
down €2,159 (-10.4%), from €20,782 to €18,623
- Depreciation +€1,227
up €1,227 (+9.3%), from €13,244 to €14,471
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 | €325,574 | €316,293 | -€9,281 | -2.9% |
| Fixed assets | 21/28 | €301,595 | €298,050 | -€3,545 | -1.2% |
| Tangible fixed assets | 22/27 | €301,595 | €298,050 | -€3,545 | -1.2% |
| Land and buildings | 22 | €301,595 | €298,050 | -€3,545 | -1.2% |
| Current assets | 29/58 | €23,979 | €18,243 | -€5,736 | -23.9% |
| Amounts receivable within one year | 40/41 | €3,000 | €3,000 | = | 0.0% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,476 | €14,712 | -€5,764 | -28.2% |
| Deferred charges and accrued income | 490/1 | €503 | €531 | +€28 | +5.5% |
| Total equity and liabilities | 10/49 | €325,574 | €316,293 | -€9,281 | -2.9% |
| Equity | 10/15 | -€43,325 | -€41,100 | +€2,225 | +5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,875 | -€59,650 | +€2,225 | +3.6% |
| Amounts payable | 17/49 | €368,899 | €357,392 | -€11,507 | -3.1% |
| Amounts payable after more than one year | 17 | €360,550 | €350,000 | -€10,550 | -2.9% |
| Financial debts | 170/4 | €360,550 | €350,000 | -€10,550 | -2.9% |
| Amounts payable within one year | 42/48 | €8,349 | €7,392 | -€957 | -11.5% |
| Trade debts | 44 | €8,349 | €7,392 | -€957 | -11.5% |
| Suppliers | 440/4 | €8,349 | €7,392 | -€957 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,244 | €14,471 | +€1,227 | +9.3% |
| Other operating charges | 640/8 | €1,820 | €1,905 | +€85 | +4.6% |
| Gross operating margin | 9900 | €20,782 | €18,623 | -€2,159 | -10.4% |
| Operating profit (loss) | 9901 | €5,717 | €2,247 | -€3,471 | -60.7% |
| Financial charges | 65/66B | €24 | €21 | -€3 | -12.0% |
| Recurring financial charges | 65 | €24 | €21 | -€3 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €5,693 | €2,225 | -€3,468 | -60.9% |
| Profit (loss) for the period | 9904 | €5,693 | €2,225 | -€3,468 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,693 | €2,225 | -€3,468 | -60.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.