EXPERIOR: 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.
EXPERIOR
Largest movements
- Cash +€24,049
up €24,049 (+26.3%), from €91,330 to €115,379
mainly Net result for the year (+€99,418) and Receivables within one year (+€14,743)
- Receivables within one year -€14,743
down €14,743 (-31.7%), from €46,548 to €31,805
of which Trade receivables: -€18,476
- Deferred charges and accrued income +€8,602
up €8,602 (+314.8%), from €2,732 to €11,334
- Reserves +€27,918
up €27,918 (+38.9%), from €71,782 to €99,700
- Tax, wage and social debts -€12,283
down €12,283 (-46.8%), from €26,255 to €13,971
- Debts after one year -€9,924
down €9,924 (-8.5%), from €117,318 to €107,394
- Other debts +€9,256
up €9,256 (+9.3%), from €100,000 to €109,256
- Accrued charges and deferred income +€3,784
new in 2025: €3,784
- Gross operating margin -€23,653
down €23,653 (-13.7%), from €172,982 to €149,329
- Depreciation -€6,717
down €6,717 (-35.6%), from €18,850 to €12,133
- Taxes -€6,030
down €6,030 (-16.9%), from €35,678 to €29,648
- Financial charges +€4,231
up €4,231 (+211.8%), from €1,998 to €6,229
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.
Cash bridge derived
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 | €329,077 | €348,082 | +€19,005 | +5.8% |
| Fixed assets | 21/28 | €188,467 | €189,563 | +€1,097 | +0.6% |
| Intangible fixed assets | 21 | €297 | €0 | -€297 | -100.0% |
| Tangible fixed assets | 22/27 | €188,170 | €189,563 | +€1,394 | +0.7% |
| Land and buildings | 22 | €176,510 | €172,258 | -€4,253 | -2.4% |
| Plant, machinery and equipment | 23 | - | €1,849 | +€1,849 | |
| Furniture and vehicles | 24 | €9,789 | €15,457 | +€5,668 | +57.9% |
| Leasing and similar rights | 25 | €1,587 | €0 | -€1,587 | -100.0% |
| Other tangible fixed assets | 26 | €284 | €0 | -€284 | -100.0% |
| Current assets | 29/58 | €140,610 | €158,519 | +€17,909 | +12.7% |
| Amounts receivable within one year | 40/41 | €46,548 | €31,805 | -€14,743 | -31.7% |
| Trade receivables | 40 | €39,869 | €21,393 | -€18,476 | -46.3% |
| Other amounts receivable | 41 | €6,679 | €10,412 | +€3,734 | +55.9% |
| Cash at bank and in hand | 54/58 | €91,330 | €115,379 | +€24,049 | +26.3% |
| Deferred charges and accrued income | 490/1 | €2,732 | €11,334 | +€8,602 | +314.8% |
| Total equity and liabilities | 10/49 | €329,077 | €348,082 | +€19,005 | +5.8% |
| Equity | 10/15 | €74,282 | €102,200 | +€27,918 | +37.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €71,782 | €99,700 | +€27,918 | +38.9% |
| Distributable reserves | 133 | €71,782 | €99,700 | +€27,918 | +38.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €254,795 | €245,882 | -€8,913 | -3.5% |
| Amounts payable after more than one year | 17 | €117,318 | €107,394 | -€9,924 | -8.5% |
| Financial debts | 170/4 | €117,318 | €107,394 | -€9,924 | -8.5% |
| Amounts payable within one year | 42/48 | €137,477 | €134,704 | -€2,773 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €10,764 | €9,924 | -€840 | -7.8% |
| Trade debts | 44 | €459 | €1,553 | +€1,094 | +238.6% |
| Suppliers | 440/4 | €459 | €1,553 | +€1,094 | +238.6% |
| Taxes, remuneration and social security | 45 | €26,255 | €13,971 | -€12,283 | -46.8% |
| Taxes | 450/3 | €26,255 | €13,971 | -€12,283 | -46.8% |
| Other amounts payable | 47/48 | €100,000 | €109,256 | +€9,256 | +9.3% |
| Accrued charges and deferred income | 492/3 | - | €3,784 | +€3,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,850 | €12,133 | -€6,717 | -35.6% |
| Other operating charges | 640/8 | €2,818 | €2,103 | -€715 | -25.4% |
| Gross operating margin | 9900 | €172,982 | €149,329 | -€23,653 | -13.7% |
| Operating profit (loss) | 9901 | €151,314 | €135,092 | -€16,221 | -10.7% |
| Financial income | 75/76B | €0 | €203 | +€203 | |
| Recurring financial income | 75 | €0 | €203 | +€203 | |
| Financial charges | 65/66B | €1,998 | €6,229 | +€4,231 | +211.8% |
| Recurring financial charges | 65 | €1,998 | €6,229 | +€4,231 | +211.8% |
| Profit (loss) for the period before taxes | 9903 | €149,316 | €129,066 | -€20,250 | -13.6% |
| Income taxes | 67/77 | €35,678 | €29,648 | -€6,030 | -16.9% |
| Profit (loss) for the period | 9904 | €113,638 | €99,418 | -€14,220 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €113,638 | €99,418 | -€14,220 | -12.5% |
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 12 October 2026 via checked.be.