EXPERT CONCEPTS: 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 CONCEPTS
Largest movements
- Cash +€32,566
up €32,566 (+37.1%), from €87,708 to €120,273
mainly Net result for the year (+€24,682) and Receivables within one year (+€6,842)
- Receivables within one year -€6,842
down €6,842 (-96.0%), from €7,125 to €283
of which Trade receivables: -€5,184
- Profit (loss) carried forward +€24,682
up €24,682 (+59.7%), from -€41,366 to -€16,683
- Taxes -€30,000
down €30,000, from €15,000 to -€15,000
- Gross operating margin +€14,173
up €14,173, from -€3,527 to €10,646
- Depreciation -€321
down €321 (-69.4%), from €462 to €141
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 | €95,966 | €120,755 | +€24,789 | +25.8% |
| Formation expenses | 20 | €320 | €199 | -€122 | -37.9% |
| Fixed assets | 21/28 | €20 | - | -€20 | |
| Tangible fixed assets | 22/27 | €20 | - | -€20 | |
| Furniture and vehicles | 24 | €20 | - | -€20 | |
| Current assets | 29/58 | €95,626 | €120,556 | +€24,930 | +26.1% |
| Amounts receivable within one year | 40/41 | €7,125 | €283 | -€6,842 | -96.0% |
| Trade receivables | 40 | €5,184 | - | -€5,184 | |
| Other amounts receivable | 41 | €1,941 | €283 | -€1,658 | -85.4% |
| Cash at bank and in hand | 54/58 | €87,708 | €120,273 | +€32,566 | +37.1% |
| Deferred charges and accrued income | 490/1 | €793 | - | -€793 | |
| Total equity and liabilities | 10/49 | €95,966 | €120,755 | +€24,789 | +25.8% |
| Equity | 10/15 | €95,237 | €119,919 | +€24,682 | +25.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €116,143 | €116,143 | = | 0.0% |
| Distributable reserves | 133 | €116,143 | €116,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,366 | -€16,683 | +€24,682 | +59.7% |
| Amounts payable | 17/49 | €729 | €836 | +€107 | +14.7% |
| Amounts payable within one year | 42/48 | €729 | €836 | +€107 | +14.7% |
| Trade debts | 44 | €159 | €194 | +€35 | +21.9% |
| Suppliers | 440/4 | €159 | €194 | +€35 | +21.9% |
| Other amounts payable | 47/48 | €570 | €642 | +€72 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462 | €141 | -€321 | -69.4% |
| Other operating charges | 640/8 | €535 | €550 | +€14 | +2.7% |
| Gross operating margin | 9900 | -€3,527 | €10,646 | +€14,173 | |
| Operating profit (loss) | 9901 | -€4,524 | €9,955 | +€14,479 | |
| Financial charges | 65/66B | €212 | €273 | +€61 | +28.6% |
| Recurring financial charges | 65 | €212 | €273 | +€61 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,736 | €9,682 | +€14,419 | |
| Income taxes | 67/77 | €15,000 | -€15,000 | -€30,000 | |
| Profit (loss) for the period | 9904 | -€19,736 | €24,682 | +€44,419 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,736 | €24,682 | +€44,419 |
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 14 October 2026 via checked.be.