EXPERT CONSULTING: 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 CONSULTING
Largest movements
- Current investments -€34,879
down €34,879 (-15.5%), from €224,389 to €189,510
- Cash -€28,304
down €28,304 (-78.3%), from €36,126 to €7,822
mainly Net result for the year (-€45,500) and Tax, wage and social debts (-€27,865)
- Deferred charges and accrued income +€25,371
up €25,371 (+1,224%), from €2,072 to €27,443
- Tangible fixed assets -€22,855
down €22,855 (-15.8%), from €145,025 to €122,170
of which Plant, machinery and equipment: -€21,054
- Receivables within one year -€15,953
down €15,953 (-6.1%), from €262,568 to €246,615
of which Other amounts receivable: -€25,228
- Profit (loss) carried forward -€45,500
down €45,500 (-15.5%), from -€293,591 to -€339,091
- Tax, wage and social debts -€27,865
down €27,865 (-43.4%), from €64,233 to €36,368
of which Taxes: -€28,938
- Trade debts +€22,322
up €22,322 (+15.7%), from €141,923 to €164,245
- Debts after one year -€18,703
down €18,703 (-41.8%), from €44,700 to €25,997
- Gross operating margin +€121,307
up €121,307 (+133%), from €91,093 to €212,400
- Staff costs -€25,049
down €25,049 (-10.7%), from €234,144 to €209,095
- Financial income +€12,430
up €12,430 (+591%), from €2,102 to €14,532
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 | €759,101 | €687,007 | -€72,094 | -9.5% |
| Fixed assets | 21/28 | €180,085 | €157,230 | -€22,855 | -12.7% |
| Tangible fixed assets | 22/27 | €145,025 | €122,170 | -€22,855 | -15.8% |
| Land and buildings | 22 | €112,010 | €98,148 | -€13,862 | -12.4% |
| Plant, machinery and equipment | 23 | €32,997 | €11,943 | -€21,054 | -63.8% |
| Furniture and vehicles | 24 | €18 | €12,079 | +€12,061 | +65,404% |
| Financial fixed assets | 28 | €35,060 | €35,060 | = | 0.0% |
| Current assets | 29/58 | €579,016 | €529,777 | -€49,239 | -8.5% |
| Stocks and contracts in progress | 3 | €53,860 | €58,387 | +€4,526 | +8.4% |
| Stocks | 30/36 | €53,860 | €58,387 | +€4,526 | +8.4% |
| Amounts receivable within one year | 40/41 | €262,568 | €246,615 | -€15,953 | -6.1% |
| Trade receivables | 40 | €227,485 | €236,760 | +€9,275 | +4.1% |
| Other amounts receivable | 41 | €35,083 | €9,854 | -€25,228 | -71.9% |
| Current investments | 50/53 | €224,389 | €189,510 | -€34,879 | -15.5% |
| Cash at bank and in hand | 54/58 | €36,126 | €7,822 | -€28,304 | -78.3% |
| Deferred charges and accrued income | 490/1 | €2,072 | €27,443 | +€25,371 | +1,224% |
| Total equity and liabilities | 10/49 | €759,101 | €687,007 | -€72,094 | -9.5% |
| Equity | 10/15 | €337,813 | €292,314 | -€45,500 | -13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €612,804 | €612,804 | = | 0.0% |
| Distributable reserves | 133 | €612,804 | €612,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,591 | -€339,091 | -€45,500 | -15.5% |
| Provisions and deferred taxes | 16 | €100,000 | €100,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €321,288 | €294,693 | -€26,594 | -8.3% |
| Amounts payable after more than one year | 17 | €44,700 | €25,997 | -€18,703 | -41.8% |
| Financial debts | 170/4 | €44,700 | €25,997 | -€18,703 | -41.8% |
| Amounts payable within one year | 42/48 | €276,588 | €268,697 | -€7,891 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €18,049 | €18,703 | +€654 | +3.6% |
| Financial debts | 43 | - | €265 | +€265 | |
| Credit institutions | 430/8 | - | €265 | +€265 | |
| Trade debts | 44 | €141,923 | €164,245 | +€22,322 | +15.7% |
| Suppliers | 440/4 | €141,923 | €164,245 | +€22,322 | +15.7% |
| Taxes, remuneration and social security | 45 | €64,233 | €36,368 | -€27,865 | -43.4% |
| Taxes | 450/3 | €37,780 | €8,842 | -€28,938 | -76.6% |
| Remuneration and social security | 454/9 | €26,452 | €27,526 | +€1,073 | +4.1% |
| Other amounts payable | 47/48 | €52,383 | €49,115 | -€3,268 | -6.2% |
| Remuneration, social security and pensions | 62 | €234,144 | €209,095 | -€25,049 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,358 | €39,051 | -€1,306 | -3.2% |
| Other operating charges | 640/8 | €8,041 | €8,852 | +€811 | +10.1% |
| Non-recurring operating charges | 66A | - | €968 | +€968 | |
| Gross operating margin | 9900 | €91,093 | €212,400 | +€121,307 | +133% |
| Operating profit (loss) | 9901 | -€191,450 | -€45,567 | +€145,884 | +76.2% |
| Financial income | 75/76B | €2,102 | €14,532 | +€12,430 | +591% |
| Recurring financial income | 75 | €2,102 | €14,532 | +€12,430 | +591% |
| Financial charges | 65/66B | €15,057 | €14,394 | -€664 | -4.4% |
| Recurring financial charges | 65 | €15,057 | €14,394 | -€664 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€204,406 | -€45,428 | +€158,978 | +77.8% |
| Income taxes | 67/77 | €71 | €72 | +€1 | +2.1% |
| Profit (loss) for the period | 9904 | -€204,476 | -€45,500 | +€158,976 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€204,476 | -€45,500 | +€158,976 | +77.7% |
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 13 October 2026 via checked.be.