EXPEREM: 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.
EXPEREM
Largest movements
- Receivables within one year +€16,297
up €16,297 (+10.7%), from €152,360 to €168,658
of which Other amounts receivable: +€17,433
- Cash -€5,758
down €5,758 (-53.6%), from €10,752 to €4,994
mainly Other debts (-€21,606) and Debts after one year (-€18,531)
- Deferred charges and accrued income +€3,127
new in 2026: €3,127
- Trade debts +€37,358
up €37,358 (+597%), from €6,254 to €43,612
- Other debts -€21,606
down €21,606 (-90.1%), from €23,993 to €2,387
- Debts after one year -€18,531
down €18,531 (-40.8%), from €45,386 to €26,854
- Profit (loss) carried forward +€16,176
up €16,176 (+42.5%), from €38,055 to €54,232
- Gross operating margin +€42,277
up €42,277 (+217%), from €19,456 to €61,732
- Staff costs +€29,763
new in 2026: €29,763
- Taxes +€7,205
up €7,205 (+483%), from €1,491 to €8,696
- Other operating charges +€1,153
up €1,153 (+150%), from €769 to €1,922
- Financial charges +€946
up €946 (+24.8%), from €3,812 to €4,758
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,203 | €177,453 | +€13,250 | +8.1% |
| Fixed assets | 21/28 | €1,091 | €674 | -€417 | -38.2% |
| Tangible fixed assets | 22/27 | €1,091 | €674 | -€417 | -38.2% |
| Furniture and vehicles | 24 | €1,091 | €674 | -€417 | -38.2% |
| Current assets | 29/58 | €163,112 | €176,779 | +€13,667 | +8.4% |
| Amounts receivable within one year | 40/41 | €152,360 | €168,658 | +€16,297 | +10.7% |
| Trade receivables | 40 | €125,760 | €124,625 | -€1,136 | -0.9% |
| Other amounts receivable | 41 | €26,600 | €44,033 | +€17,433 | +65.5% |
| Cash at bank and in hand | 54/58 | €10,752 | €4,994 | -€5,758 | -53.6% |
| Deferred charges and accrued income | 490/1 | - | €3,127 | +€3,127 | |
| Total equity and liabilities | 10/49 | €164,203 | €177,453 | +€13,250 | +8.1% |
| Equity | 10/15 | €57,939 | €74,115 | +€16,176 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,283 | €1,283 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,283 | €1,283 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,283 | €1,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,055 | €54,232 | +€16,176 | +42.5% |
| Amounts payable | 17/49 | €106,265 | €103,338 | -€2,927 | -2.8% |
| Amounts payable after more than one year | 17 | €45,386 | €26,854 | -€18,531 | -40.8% |
| Financial debts | 170/4 | €45,386 | €26,854 | -€18,531 | -40.8% |
| Amounts payable within one year | 42/48 | €60,879 | €76,484 | +€15,605 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €17,008 | €18,531 | +€1,524 | +9.0% |
| Trade debts | 44 | €6,254 | €43,612 | +€37,358 | +597% |
| Suppliers | 440/4 | €6,254 | €43,612 | +€37,358 | +597% |
| Taxes, remuneration and social security | 45 | €13,624 | €11,953 | -€1,671 | -12.3% |
| Taxes | 450/3 | €13,624 | €9,009 | -€4,615 | -33.9% |
| Remuneration and social security | 454/9 | - | €2,944 | +€2,944 | |
| Other amounts payable | 47/48 | €23,993 | €2,387 | -€21,606 | -90.1% |
| Remuneration, social security and pensions | 62 | - | €29,763 | +€29,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €417 | +€257 | +161% |
| Other operating charges | 640/8 | €769 | €1,922 | +€1,153 | +150% |
| Gross operating margin | 9900 | €19,456 | €61,732 | +€42,277 | +217% |
| Operating profit (loss) | 9901 | €18,527 | €29,631 | +€11,104 | +59.9% |
| Financial income | 75/76B | €466 | - | -€466 | |
| Recurring financial income | 75 | €466 | - | -€466 | |
| Financial charges | 65/66B | €3,812 | €4,758 | +€946 | +24.8% |
| Recurring financial charges | 65 | €3,812 | €4,758 | +€946 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €15,181 | €24,873 | +€9,692 | +63.8% |
| Income taxes | 67/77 | €1,491 | €8,696 | +€7,205 | +483% |
| Profit (loss) for the period | 9904 | €13,690 | €16,176 | +€2,486 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,690 | €16,176 | +€2,486 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.