EXPERANZA: what changed
Two fiscal 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.
What changed
EXPERANZA
NACE 69.201, Certified accountants and tax accountants
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€91,023
2025 · €96,733-€5,710
Equity
€364,046
2025 · €393,023-€28,977
Cash
€271,108
2025 · €265,288+€5,820
Balance sheet total
€594,934
2025 · €651,730-€56,796
Largest movements
Assets
- Receivables within one year -€25,698
down €25,698 (-16.6%), from €154,387 to €128,689
of which Trade receivables: -€17,381
- Intangible fixed assets -€25,375
down €25,375 (-48.2%), from €52,658 to €27,283
- Tangible fixed assets -€14,552
down €14,552 (-18.3%), from €79,396 to €64,845
of which Furniture and vehicles: -€23,464
Equity and liabilities
- Reserves -€28,977
down €28,977 (-8.2%), from €353,023 to €324,046
- Tax, wage and social debts -€21,725
down €21,725 (-36.6%), from €59,396 to €37,672
of which Taxes: -€17,406
- Trade debts +€7,484
up €7,484 (+49.9%), from €14,987 to €22,471
Income statement
- Staff costs +€7,577
up €7,577 (+5.2%), from €145,338 to €152,915
From the 2025 result to the 2026 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.
Result 2025
€96,733
Gross operating margin
-€2,927
Staff costs
-€7,577
Depreciation
+€1,232
Write-downs
+€2,211
Other operating charges
-€510
Financial income
-€869
Financial charges
+€654
Taxes
+€2,075
Result 2026
€91,023
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€152,082
Investment
-€17,065
Financing
-€129,197
Cash 2025
€265,288
From operations (derived)
+€152,082
Net result for the year
+€91,023
Depreciation
+€55,729
Receivables within one year
+€25,698
Deferred charges and accrued income
-€1,746
Trade debts
+€7,484
Tax, wage and social debts
-€21,725
Other debts
-€4,845
Accrued charges and deferred income
+€464
Investment (derived)
-€17,065
Investment in fixed assets (net)
-€15,802
Current investments
-€1,263
Financing
-€129,197
Debts after one year
-€5,430
Current portion of long-term debt
-€3,767
Contributions, distributions and other
-€120,000
Cash 2026
€271,108
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,730 | €594,934 | -€56,796 | -8.7% |
| Fixed assets | 21/28 | €132,054 | €92,127 | -€39,927 | -30.2% |
| Intangible fixed assets | 21 | €52,658 | €27,283 | -€25,375 | -48.2% |
| Tangible fixed assets | 22/27 | €79,396 | €64,845 | -€14,552 | -18.3% |
| Plant, machinery and equipment | 23 | €15,744 | €24,656 | +€8,912 | +56.6% |
| Furniture and vehicles | 24 | €63,652 | €40,189 | -€23,464 | -36.9% |
| Current assets | 29/58 | €519,676 | €502,806 | -€16,869 | -3.2% |
| Amounts receivable within one year | 40/41 | €154,387 | €128,689 | -€25,698 | -16.6% |
| Trade receivables | 40 | €137,230 | €119,849 | -€17,381 | -12.7% |
| Other amounts receivable | 41 | €17,158 | €8,840 | -€8,317 | -48.5% |
| Current investments | 50/53 | €100,000 | €101,263 | +€1,263 | +1.3% |
| Cash at bank and in hand | 54/58 | €265,288 | €271,108 | +€5,820 | +2.2% |
| Deferred charges and accrued income | 490/1 | - | €1,746 | +€1,746 | |
| Total equity and liabilities | 10/49 | €651,730 | €594,934 | -€56,796 | -8.7% |
| Equity | 10/15 | €393,023 | €364,046 | -€28,977 | -7.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €353,023 | €324,046 | -€28,977 | -8.2% |
| Distributable reserves | 133 | €353,023 | €324,046 | -€28,977 | -8.2% |
| Amounts payable | 17/49 | €258,707 | €230,888 | -€27,819 | -10.8% |
| Amounts payable after more than one year | 17 | €5,430 | - | -€5,430 | |
| Financial debts | 170/4 | €5,430 | - | -€5,430 | |
| Amounts payable within one year | 42/48 | €252,717 | €229,864 | -€22,853 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €8,425 | €4,657 | -€3,767 | -44.7% |
| Trade debts | 44 | €14,987 | €22,471 | +€7,484 | +49.9% |
| Suppliers | 440/4 | €14,987 | €22,471 | +€7,484 | +49.9% |
| Taxes, remuneration and social security | 45 | €59,396 | €37,672 | -€21,725 | -36.6% |
| Taxes | 450/3 | €25,747 | €8,342 | -€17,406 | -67.6% |
| Remuneration and social security | 454/9 | €33,649 | €29,330 | -€4,319 | -12.8% |
| Other amounts payable | 47/48 | €169,909 | €165,064 | -€4,845 | -2.9% |
| Accrued charges and deferred income | 492/3 | €560 | €1,023 | +€464 | +82.8% |
| Remuneration, social security and pensions | 62 | €145,338 | €152,915 | +€7,577 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,961 | €55,729 | -€1,232 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,940 | €1,729 | -€2,211 | -56.1% |
| Other operating charges | 640/8 | €1,832 | €2,342 | +€510 | +27.9% |
| Gross operating margin | 9900 | €336,434 | €333,507 | -€2,927 | -0.9% |
| Operating profit (loss) | 9901 | €128,362 | €120,791 | -€7,571 | -5.9% |
| Financial income | 75/76B | €3,124 | €2,255 | -€869 | -27.8% |
| Recurring financial income | 75 | €3,124 | €2,255 | -€869 | -27.8% |
| Financial charges | 65/66B | €5,977 | €5,322 | -€654 | -10.9% |
| Recurring financial charges | 65 | €5,977 | €5,322 | -€654 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €125,509 | €117,724 | -€7,785 | -6.2% |
| Income taxes | 67/77 | €28,776 | €26,701 | -€2,075 | -7.2% |
| Profit (loss) for the period | 9904 | €96,733 | €91,023 | -€5,710 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,733 | €91,023 | -€5,710 | -5.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.