EXPERT-IMMO: 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-IMMO
Largest movements
- Cash -€9,326
down €9,326 (-10.0%), from €93,495 to €84,169
mainly Net result for the year (-€11,763) and Tax, wage and social debts (-€4,928)
- Receivables within one year +€4,283
up €4,283 (+78.0%), from €5,490 to €9,772
of which Trade receivables: +€4,106
- Tangible fixed assets +€3,514
up €3,514 (+285.5%), from €1,231 to €4,744
of which Land and buildings: +€3,284
- Trade debts +€15,161
up €15,161 (+74.7%), from €20,301 to €35,462
- Profit (loss) carried forward -€11,763
down €11,763 (-391.4%), from -€3,005 to -€14,768
- Tax, wage and social debts -€4,928
down €4,928 (-31.2%), from €15,810 to €10,882
of which Taxes: -€5,237
- Gross operating margin -€27,565
down €27,565 (-51.2%), from €53,855 to €26,290
- Staff costs +€2,822
up €2,822 (+8.5%), from €33,012 to €35,834
- Taxes -€2,059
down €2,059 (-100.0%), from €2,059 to €0
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 | €100,215 | €98,686 | -€1,529 | -1.5% |
| Fixed assets | 21/28 | €1,231 | €4,744 | +€3,514 | +285.5% |
| Tangible fixed assets | 22/27 | €1,231 | €4,744 | +€3,514 | +285.5% |
| Land and buildings | 22 | - | €3,284 | +€3,284 | |
| Furniture and vehicles | 24 | €1,231 | €1,460 | +€229 | +18.6% |
| Current assets | 29/58 | €98,984 | €93,941 | -€5,043 | -5.1% |
| Amounts receivable within one year | 40/41 | €5,490 | €9,772 | +€4,283 | +78.0% |
| Trade receivables | 40 | €5,127 | €9,233 | +€4,106 | +80.1% |
| Other amounts receivable | 41 | €362 | €539 | +€176 | +48.7% |
| Cash at bank and in hand | 54/58 | €93,495 | €84,169 | -€9,326 | -10.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €100,215 | €98,686 | -€1,529 | -1.5% |
| Equity | 10/15 | €64,104 | €52,341 | -€11,763 | -18.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €47,109 | €47,109 | = | 0.0% |
| Distributable reserves | 133 | €47,109 | €47,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,005 | -€14,768 | -€11,763 | -391.4% |
| Amounts payable | 17/49 | €36,111 | €46,345 | +€10,234 | +28.3% |
| Amounts payable within one year | 42/48 | €36,111 | €46,345 | +€10,234 | +28.3% |
| Trade debts | 44 | €20,301 | €35,462 | +€15,161 | +74.7% |
| Suppliers | 440/4 | €20,301 | €35,462 | +€15,161 | +74.7% |
| Taxes, remuneration and social security | 45 | €15,810 | €10,882 | -€4,928 | -31.2% |
| Taxes | 450/3 | €8,156 | €2,919 | -€5,237 | -64.2% |
| Remuneration and social security | 454/9 | €7,654 | €7,963 | +€309 | +4.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €33,012 | €35,834 | +€2,822 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €843 | €1,136 | +€293 | +34.7% |
| Other operating charges | 640/8 | €549 | €537 | -€13 | -2.3% |
| Gross operating margin | 9900 | €53,855 | €26,290 | -€27,565 | -51.2% |
| Operating profit (loss) | 9901 | €19,450 | -€11,217 | -€30,667 | |
| Financial income | 75/76B | €128 | €0 | -€128 | -100.0% |
| Recurring financial income | 75 | €128 | €0 | -€128 | -100.0% |
| Financial charges | 65/66B | €524 | €546 | +€22 | +4.1% |
| Recurring financial charges | 65 | €524 | €546 | +€22 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €19,053 | -€11,763 | -€30,816 | |
| Income taxes | 67/77 | €2,059 | €0 | -€2,059 | -100.0% |
| Profit (loss) for the period | 9904 | €16,995 | -€11,763 | -€28,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,995 | -€11,763 | -€28,758 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.