EXPERT-CONSULT: what changed
Two fiscal 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-CONSULT
Largest movements
- Tangible fixed assets +€34,870
up €34,870 (+601.9%), from €5,794 to €40,664
of which Furniture and vehicles: +€35,298
- Cash +€14,863
up €14,863 (+15.3%), from €97,068 to €111,931
mainly Debts after one year (+€23,385) and Tax, wage and social debts (+€16,128)
- Receivables within one year +€7,720
up €7,720 (+314.7%), from €2,453 to €10,173
of which Trade receivables: +€5,700
- Deferred charges and accrued income +€1,914
up €1,914 (+384.8%), from €497 to €2,411
- Debts after one year +€23,385
new in 2025: €23,385
- Tax, wage and social debts +€16,128
up €16,128 (+209.8%), from €7,686 to €23,814
of which Remuneration and social security: +€17,254
- Reserves +€10,931
up €10,931 (+11.7%), from €93,324 to €104,255
- Current portion of long-term debt +€7,795
new in 2025: €7,795
- Gross operating margin +€22,778
up €22,778 (+135.5%), from €16,808 to €39,586
- Staff costs +€17,259
new in 2025: €17,259
- Depreciation -€4,890
down €4,890 (-72.2%), from €6,777 to €1,887
- Write-downs +€3,193
new in 2025: €3,193
- Taxes +€1,350
up €1,350 (+38.6%), from €3,500 to €4,850
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 | €105,867 | €165,235 | +€59,367 | +56.1% |
| Fixed assets | 21/28 | €5,849 | €40,719 | +€34,870 | +596.2% |
| Tangible fixed assets | 22/27 | €5,794 | €40,664 | +€34,870 | +601.9% |
| Furniture and vehicles | 24 | €1,986 | €37,284 | +€35,298 | +1777.7% |
| Other tangible fixed assets | 26 | €3,808 | €3,380 | -€428 | -11.2% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €100,019 | €124,516 | +€24,497 | +24.5% |
| Amounts receivable within one year | 40/41 | €2,453 | €10,173 | +€7,720 | +314.7% |
| Trade receivables | 40 | €2,014 | €7,714 | +€5,700 | +283.0% |
| Other amounts receivable | 41 | €439 | €2,459 | +€2,020 | +460.3% |
| Cash at bank and in hand | 54/58 | €97,068 | €111,931 | +€14,863 | +15.3% |
| Deferred charges and accrued income | 490/1 | €497 | €2,411 | +€1,914 | +384.8% |
| Total equity and liabilities | 10/49 | €105,867 | €165,235 | +€59,367 | +56.1% |
| Equity | 10/15 | €96,324 | €107,255 | +€10,931 | +11.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €93,324 | €104,255 | +€10,931 | +11.7% |
| Distributable reserves | 133 | €93,324 | €104,255 | +€10,931 | +11.7% |
| Amounts payable | 17/49 | €9,543 | €57,980 | +€48,437 | +507.5% |
| Amounts payable after more than one year | 17 | - | €23,385 | +€23,385 | |
| Financial debts | 170/4 | - | €23,385 | +€23,385 | |
| Amounts payable within one year | 42/48 | €9,543 | €34,592 | +€25,049 | +262.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,795 | +€7,795 | |
| Trade debts | 44 | €1,857 | €2,983 | +€1,126 | +60.6% |
| Suppliers | 440/4 | €1,857 | €2,983 | +€1,126 | +60.6% |
| Taxes, remuneration and social security | 45 | €7,686 | €23,814 | +€16,128 | +209.8% |
| Taxes | 450/3 | €5,927 | €4,801 | -€1,126 | -19.0% |
| Remuneration and social security | 454/9 | €1,760 | €19,013 | +€17,254 | +980.5% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Remuneration, social security and pensions | 62 | - | €17,259 | +€17,259 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,777 | €1,887 | -€4,890 | -72.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,193 | +€3,193 | |
| Other operating charges | 640/8 | €1,521 | €1,301 | -€220 | -14.5% |
| Gross operating margin | 9900 | €16,808 | €39,586 | +€22,778 | +135.5% |
| Operating profit (loss) | 9901 | €8,510 | €15,946 | +€7,436 | +87.4% |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.7% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.7% |
| Financial charges | 65/66B | €361 | €165 | -€196 | -54.2% |
| Recurring financial charges | 65 | €186 | €165 | -€21 | -11.1% |
| Non-recurring financial charges | 66B | €175 | - | -€175 | |
| Profit (loss) for the period before taxes | 9903 | €8,162 | €15,781 | +€7,619 | +93.3% |
| Income taxes | 67/77 | €3,500 | €4,850 | +€1,350 | +38.6% |
| Profit (loss) for the period | 9904 | €4,662 | €10,931 | +€6,269 | +134.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,662 | €10,931 | +€6,269 | +134.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.