EXPERT NETWORK: 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 NETWORK
Largest movements
- Receivables within one year +€142,367
up €142,367 (+25.4%), from €561,415 to €703,782
of which Trade receivables: +€172,367
- Cash +€139,788
up €139,788 (+95.2%), from €146,781 to €286,569
mainly Net result for the year (+€473,796) and Tax, wage and social debts (+€15,845)
- Receivables after one year +€29,177
up €29,177 (+5.6%), from €517,895 to €547,072
- Reserves +€473,796
up €473,796 (+53.9%), from €878,619 to €1.4m
- Trade debts -€108,499
down €108,499 (-55.6%), from €195,140 to €86,641
- Other debts -€67,000
down €67,000 (-100.0%), from €67,000 to €0
- Tax, wage and social debts +€15,845
up €15,845 (+24.8%), from €63,921 to €79,766
- Gross operating margin +€416,008
up €416,008 (+217.8%), from €191,002 to €607,010
- Taxes +€108,112
up €108,112 (+199.7%), from €54,131 to €162,243
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 | €1,226,090 | €1,537,423 | +€311,333 | +25.4% |
| Current assets | 29/58 | €1,226,090 | €1,537,423 | +€311,333 | +25.4% |
| Amounts receivable after more than one year | 29 | €517,895 | €547,072 | +€29,177 | +5.6% |
| Other amounts receivable | 291 | €517,895 | €547,072 | +€29,177 | +5.6% |
| Amounts receivable within one year | 40/41 | €561,415 | €703,782 | +€142,367 | +25.4% |
| Trade receivables | 40 | €531,415 | €703,782 | +€172,367 | +32.4% |
| Other amounts receivable | 41 | €30,000 | €0 | -€30,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €146,781 | €286,569 | +€139,788 | +95.2% |
| Total equity and liabilities | 10/49 | €1,226,090 | €1,537,423 | +€311,333 | +25.4% |
| Equity | 10/15 | €897,219 | €1,371,015 | +€473,796 | +52.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €878,619 | €1,352,415 | +€473,796 | +53.9% |
| Distributable reserves | 133 | €878,619 | €1,352,415 | +€473,796 | +53.9% |
| Amounts payable | 17/49 | €328,871 | €166,408 | -€162,464 | -49.4% |
| Amounts payable within one year | 42/48 | €326,061 | €166,408 | -€159,654 | -49.0% |
| Trade debts | 44 | €195,140 | €86,641 | -€108,499 | -55.6% |
| Suppliers | 440/4 | €195,140 | €86,641 | -€108,499 | -55.6% |
| Taxes, remuneration and social security | 45 | €63,921 | €79,766 | +€15,845 | +24.8% |
| Taxes | 450/3 | €63,921 | €79,766 | +€15,845 | +24.8% |
| Other amounts payable | 47/48 | €67,000 | €0 | -€67,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,810 | €0 | -€2,810 | -100.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €191,002 | €607,010 | +€416,008 | +217.8% |
| Operating profit (loss) | 9901 | €190,884 | €606,890 | +€416,006 | +217.9% |
| Financial income | 75/76B | €29,177 | €29,504 | +€327 | +1.1% |
| Recurring financial income | 75 | €29,177 | €29,504 | +€327 | +1.1% |
| Financial charges | 65/66B | €3,537 | €354 | -€3,183 | -90.0% |
| Recurring financial charges | 65 | €3,537 | €354 | -€3,183 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €216,524 | €636,039 | +€419,515 | +193.8% |
| Income taxes | 67/77 | €54,131 | €162,243 | +€108,112 | +199.7% |
| Profit (loss) for the period | 9904 | €162,393 | €473,796 | +€311,403 | +191.8% |
| Profit (loss) for the period to be appropriated | 9905 | €162,393 | €473,796 | +€311,403 | +191.8% |
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 11 October 2026 via checked.be.