EXPERT BUILDING GROUP: 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 BUILDING GROUP
Largest movements
- Receivables within one year +€88,498
up €88,498 (+23.2%), from €381,524 to €470,022
of which Trade receivables: +€58,425
- Tangible fixed assets -€25,207
down €25,207 (-24.9%), from €101,261 to €76,054
of which Furniture and vehicles: -€13,607
- Cash -€11,673
down €11,673 (-68.4%), from €17,056 to €5,383
mainly Receivables within one year (-€88,498) and Other debts (-€43,500)
- Tax, wage and social debts +€82,971
up €82,971 (+169%), from €49,009 to €131,981
of which Taxes: +€62,990
- Other debts -€43,500
down €43,500 (-52.1%), from €83,500 to €40,000
- Reserves +€30,000
up €30,000 (+33.4%), from €89,700 to €119,700
- Debts after one year -€22,482
down €22,482 (-38.5%), from €58,338 to €35,856
- Accrued charges and deferred income -€13,985
no longer reported in 2025 (was €13,985)
- Gross operating margin +€99,530
up €99,530 (+52.0%), from €191,517 to €291,047
- Staff costs +€79,334
up €79,334 (+143%), from €55,538 to €134,872
- Taxes +€17,276
up €17,276 (+94.4%), from €18,298 to €35,574
- Depreciation +€15,969
up €15,969 (+120%), from €13,272 to €29,241
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 | €504,612 | €554,390 | +€49,778 | +9.9% |
| Fixed assets | 21/28 | €102,261 | €77,054 | -€25,207 | -24.6% |
| Tangible fixed assets | 22/27 | €101,261 | €76,054 | -€25,207 | -24.9% |
| Plant, machinery and equipment | 23 | €47,036 | €35,436 | -€11,600 | -24.7% |
| Furniture and vehicles | 24 | €54,225 | €40,618 | -€13,607 | -25.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €402,351 | €477,337 | +€74,986 | +18.6% |
| Amounts receivable within one year | 40/41 | €381,524 | €470,022 | +€88,498 | +23.2% |
| Trade receivables | 40 | €191,432 | €249,857 | +€58,425 | +30.5% |
| Other amounts receivable | 41 | €190,092 | €220,165 | +€30,073 | +15.8% |
| Cash at bank and in hand | 54/58 | €17,056 | €5,383 | -€11,673 | -68.4% |
| Deferred charges and accrued income | 490/1 | €3,772 | €1,932 | -€1,839 | -48.8% |
| Total equity and liabilities | 10/49 | €504,612 | €554,390 | +€49,778 | +9.9% |
| Equity | 10/15 | €114,037 | €151,495 | +€37,458 | +32.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,700 | €119,700 | +€30,000 | +33.4% |
| Distributable reserves | 133 | €89,700 | €119,700 | +€30,000 | +33.4% |
| Profit (loss) carried forward | 14 | €18,137 | €25,595 | +€7,458 | +41.1% |
| Amounts payable | 17/49 | €390,575 | €402,895 | +€12,320 | +3.2% |
| Amounts payable after more than one year | 17 | €58,338 | €35,856 | -€22,482 | -38.5% |
| Financial debts | 170/4 | €58,338 | €35,856 | -€22,482 | -38.5% |
| Amounts payable within one year | 42/48 | €318,252 | €367,039 | +€48,787 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €20,119 | €22,482 | +€2,363 | +11.7% |
| Trade debts | 44 | €165,624 | €172,577 | +€6,953 | +4.2% |
| Suppliers | 440/4 | €165,624 | €172,577 | +€6,953 | +4.2% |
| Taxes, remuneration and social security | 45 | €49,009 | €131,981 | +€82,971 | +169% |
| Taxes | 450/3 | €49,009 | €111,999 | +€62,990 | +129% |
| Remuneration and social security | 454/9 | - | €19,982 | +€19,982 | |
| Other amounts payable | 47/48 | €83,500 | €40,000 | -€43,500 | -52.1% |
| Accrued charges and deferred income | 492/3 | €13,985 | - | -€13,985 | |
| Remuneration, social security and pensions | 62 | €55,538 | €134,872 | +€79,334 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,272 | €29,241 | +€15,969 | +120% |
| Other operating charges | 640/8 | €5,836 | €5,645 | -€191 | -3.3% |
| Gross operating margin | 9900 | €191,517 | €291,047 | +€99,530 | +52.0% |
| Operating profit (loss) | 9901 | €116,872 | €121,290 | +€4,418 | +3.8% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €5,464 | €8,258 | +€2,794 | +51.1% |
| Recurring financial charges | 65 | €5,464 | €8,258 | +€2,794 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €111,425 | €113,032 | +€1,607 | +1.4% |
| Income taxes | 67/77 | €18,298 | €35,574 | +€17,276 | +94.4% |
| Profit (loss) for the period | 9904 | €93,127 | €77,458 | -€15,669 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,127 | €77,458 | -€15,669 | -16.8% |
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 22 October 2026 via checked.be.