ExpectIT: 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.
ExpectIT
Largest movements
- Cash +€55,196
up €55,196 (+96.2%), from €57,398 to €112,593
mainly Net result for the year (+€73,337) and Receivables within one year (+€16,777)
- Receivables within one year -€16,777
down €16,777 (-29.1%), from €57,586 to €40,809
of which Trade receivables: -€12,738
- Tangible fixed assets -€12,803
down €12,803 (-6.5%), from €198,105 to €185,301
of which Land and buildings: -€11,405
- Current investments +€9,567
up €9,567 (+10.2%), from €93,939 to €103,507
- Reserves +€29,316
up €29,316 (+7.7%), from €379,003 to €408,319
- Gross operating margin +€10,860
up €10,860 (+10.4%), from €104,145 to €115,005
- Depreciation -€6,103
down €6,103 (-32.3%), from €18,907 to €12,803
- Taxes +€3,947
up €3,947 (+16.5%), from €23,863 to €27,810
- Financial income +€3,764
up €3,764 (+264%), from €1,426 to €5,190
- Other operating charges +€3,192
up €3,192 (+221%), from €1,447 to €4,638
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 | €410,077 | €444,374 | +€34,296 | +8.4% |
| Fixed assets | 21/28 | €198,105 | €185,301 | -€12,803 | -6.5% |
| Tangible fixed assets | 22/27 | €198,105 | €185,301 | -€12,803 | -6.5% |
| Land and buildings | 22 | €193,380 | €181,975 | -€11,405 | -5.9% |
| Furniture and vehicles | 24 | €4,725 | €3,326 | -€1,399 | -29.6% |
| Current assets | 29/58 | €211,973 | €259,073 | +€47,100 | +22.2% |
| Amounts receivable within one year | 40/41 | €57,586 | €40,809 | -€16,777 | -29.1% |
| Trade receivables | 40 | €48,702 | €35,964 | -€12,738 | -26.2% |
| Other amounts receivable | 41 | €8,884 | €4,845 | -€4,039 | -45.5% |
| Current investments | 50/53 | €93,939 | €103,507 | +€9,567 | +10.2% |
| Cash at bank and in hand | 54/58 | €57,398 | €112,593 | +€55,196 | +96.2% |
| Deferred charges and accrued income | 490/1 | €3,050 | €2,164 | -€886 | -29.0% |
| Total equity and liabilities | 10/49 | €410,077 | €444,374 | +€34,296 | +8.4% |
| Equity | 10/15 | €399,255 | €428,570 | +€29,316 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €379,003 | €408,319 | +€29,316 | +7.7% |
| Distributable reserves | 133 | €379,003 | €408,319 | +€29,316 | +7.7% |
| Profit (loss) carried forward | 14 | €1,651 | €1,651 | = | 0.0% |
| Amounts payable | 17/49 | €10,823 | €15,803 | +€4,981 | +46.0% |
| Amounts payable within one year | 42/48 | €10,585 | €14,459 | +€3,873 | +36.6% |
| Trade debts | 44 | €233 | €821 | +€587 | +252% |
| Suppliers | 440/4 | €233 | €821 | +€587 | +252% |
| Taxes, remuneration and social security | 45 | €8,752 | €12,038 | +€3,286 | +37.5% |
| Taxes | 450/3 | €8,752 | €12,038 | +€3,286 | +37.5% |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €238 | €1,345 | +€1,107 | +466% |
| Non-recurring operating income | 76A | - | €8,507 | +€8,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,907 | €12,803 | -€6,103 | -32.3% |
| Other operating charges | 640/8 | €1,447 | €4,638 | +€3,192 | +221% |
| Gross operating margin | 9900 | €104,145 | €115,005 | +€10,860 | +10.4% |
| Operating profit (loss) | 9901 | €83,792 | €97,564 | +€13,772 | +16.4% |
| Financial income | 75/76B | €1,426 | €5,190 | +€3,764 | +264% |
| Recurring financial income | 75 | €1,426 | €5,190 | +€3,764 | +264% |
| Financial charges | 65/66B | €562 | €1,607 | +€1,045 | +186% |
| Recurring financial charges | 65 | €562 | €1,607 | +€1,045 | +186% |
| Profit (loss) for the period before taxes | 9903 | €84,656 | €101,147 | +€16,490 | +19.5% |
| Income taxes | 67/77 | €23,863 | €27,810 | +€3,947 | +16.5% |
| Profit (loss) for the period | 9904 | €60,794 | €73,337 | +€12,543 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,794 | €73,337 | +€12,543 | +20.6% |
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 1 November 2026 via checked.be.