EXPERT – ASSOCIATES: 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.
EXPERT – ASSOCIATES
Largest movements
- Tangible fixed assets +€41,742
up €41,742 (+1,010%), from €4,132 to €45,874
of which Furniture and vehicles: +€41,831
- Receivables within one year -€6,923
down €6,923 (-35.7%), from €19,388 to €12,465
of which Other amounts receivable: -€19,023
- Cash +€5,642
up €5,642 (+6.9%), from €82,190 to €87,832
mainly Other debts (+€25,461) and Net result for the year (+€9,530)
- Other debts +€25,461
new in 2025: €25,461
- Profit (loss) carried forward +€9,531
up €9,531 (+50.8%), from -€18,777 to -€9,246
- Tax, wage and social debts +€4,706
new in 2025: €4,706
- Gross operating margin +€39,069
up €39,069, from -€20,726 to €18,343
- Taxes +€3,463
new in 2025: €3,463
- Other operating charges +€1,319
up €1,319 (+171%), from €771 to €2,090
- Financial income -€612
down €612 (-88.4%), from €692 to €80
- Depreciation +€591
up €591 (+29.8%), from €1,985 to €2,576
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 | €105,977 | €146,660 | +€40,684 | +38.4% |
| Fixed assets | 21/28 | €4,132 | €45,874 | +€41,742 | +1,010% |
| Tangible fixed assets | 22/27 | €4,132 | €45,874 | +€41,742 | +1,010% |
| Plant, machinery and equipment | 23 | €89 | - | -€89 | |
| Furniture and vehicles | 24 | €4,043 | €45,874 | +€41,831 | +1,035% |
| Current assets | 29/58 | €101,845 | €100,786 | -€1,059 | -1.0% |
| Amounts receivable within one year | 40/41 | €19,388 | €12,465 | -€6,923 | -35.7% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €19,388 | €365 | -€19,023 | -98.1% |
| Cash at bank and in hand | 54/58 | €82,190 | €87,832 | +€5,642 | +6.9% |
| Deferred charges and accrued income | 490/1 | €266 | €489 | +€223 | +83.8% |
| Total equity and liabilities | 10/49 | €105,977 | €146,660 | +€40,684 | +38.4% |
| Equity | 10/15 | €105,212 | €114,742 | +€9,530 | +9.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €119,989 | €119,988 | -€1 | 0.0% |
| Distributable reserves | 133 | €119,989 | €119,988 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€18,777 | -€9,246 | +€9,531 | +50.8% |
| Amounts payable | 17/49 | €764 | €31,918 | +€31,154 | +4,076% |
| Amounts payable within one year | 42/48 | €764 | €31,639 | +€30,875 | +4,039% |
| Trade debts | 44 | €764 | €1,472 | +€708 | +92.6% |
| Suppliers | 440/4 | €764 | €1,472 | +€708 | +92.6% |
| Taxes, remuneration and social security | 45 | - | €4,706 | +€4,706 | |
| Taxes | 450/3 | - | €4,706 | +€4,706 | |
| Other amounts payable | 47/48 | - | €25,461 | +€25,461 | |
| Accrued charges and deferred income | 492/3 | - | €279 | +€279 | |
| Non-recurring operating income | 76A | - | €1,367 | +€1,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,985 | €2,576 | +€591 | +29.8% |
| Other operating charges | 640/8 | €771 | €2,090 | +€1,319 | +171% |
| Gross operating margin | 9900 | -€20,726 | €18,343 | +€39,069 | |
| Operating profit (loss) | 9901 | -€23,483 | €13,677 | +€37,160 | |
| Financial income | 75/76B | €692 | €80 | -€612 | -88.4% |
| Recurring financial income | 75 | €692 | €80 | -€612 | -88.4% |
| Financial charges | 65/66B | €827 | €764 | -€63 | -7.6% |
| Recurring financial charges | 65 | €827 | €764 | -€63 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,618 | €12,993 | +€36,611 | |
| Income taxes | 67/77 | - | €3,463 | +€3,463 | |
| Profit (loss) for the period | 9904 | -€23,618 | €9,530 | +€33,148 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,618 | €9,530 | +€33,148 |
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 15 October 2026 via checked.be.