EXPERT-TECH: 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-TECH
Largest movements
- Receivables within one year -€19,365
down €19,365 (-96.4%), from €20,079 to €714
- Deferred charges and accrued income -€19,123
down €19,123 (-97.8%), from €19,547 to €424
- Tangible fixed assets +€7,888
up €7,888 (+1.2%), from €651,743 to €659,631
of which Leasing and similar rights: +€30,086
- Reserves +€50,012
up €50,012 (+68.7%), from €72,850 to €122,863
- Debts after one year -€49,153
down €49,153 (-10.2%), from €480,249 to €431,096
of which Financial debts: -€35,970
- Current portion of long-term debt -€31,509
down €31,509 (-30.5%), from €103,187 to €71,678
- Short-term financial debts +€7,134
up €7,134 (+242%), from €2,946 to €10,080
- Gross operating margin +€33,582
up €33,582 (+33.5%), from €100,300 to €133,882
- Taxes +€11,905
up €11,905 (+94.6%), from €12,590 to €24,495
- Other operating charges -€9,678
down €9,678 (-45.8%), from €21,120 to €11,441
- Depreciation +€6,809
up €6,809 (+21.0%), from €32,440 to €39,249
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 | €693,024 | €663,622 | -€29,402 | -4.2% |
| Fixed assets | 21/28 | €651,743 | €659,631 | +€7,888 | +1.2% |
| Tangible fixed assets | 22/27 | €651,743 | €659,631 | +€7,888 | +1.2% |
| Land and buildings | 22 | €634,013 | €611,125 | -€22,888 | -3.6% |
| Plant, machinery and equipment | 23 | - | €4,382 | +€4,382 | |
| Furniture and vehicles | 24 | €3,967 | €875 | -€3,092 | -77.9% |
| Leasing and similar rights | 25 | €11,357 | €41,444 | +€30,086 | +265% |
| Other tangible fixed assets | 26 | €2,406 | €1,805 | -€602 | -25.0% |
| Current assets | 29/58 | €41,280 | €3,991 | -€37,290 | -90.3% |
| Amounts receivable within one year | 40/41 | €20,079 | €714 | -€19,365 | -96.4% |
| Trade receivables | 40 | €20,079 | €714 | -€19,365 | -96.4% |
| Cash at bank and in hand | 54/58 | €1,655 | €2,853 | +€1,198 | +72.4% |
| Deferred charges and accrued income | 490/1 | €19,547 | €424 | -€19,123 | -97.8% |
| Total equity and liabilities | 10/49 | €693,024 | €663,622 | -€29,402 | -4.2% |
| Equity | 10/15 | €92,850 | €142,863 | +€50,012 | +53.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,850 | €122,863 | +€50,012 | +68.7% |
| Distributable reserves | 133 | €72,850 | €122,863 | +€50,012 | +68.7% |
| Amounts payable | 17/49 | €600,173 | €520,759 | -€79,414 | -13.2% |
| Amounts payable after more than one year | 17 | €480,249 | €431,096 | -€49,153 | -10.2% |
| Financial debts | 170/4 | €405,449 | €369,479 | -€35,970 | -8.9% |
| Other amounts payable | 178/9 | €74,800 | €61,617 | -€13,183 | -17.6% |
| Amounts payable within one year | 42/48 | €119,925 | €89,663 | -€30,261 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €103,187 | €71,678 | -€31,509 | -30.5% |
| Financial debts | 43 | €2,946 | €10,080 | +€7,134 | +242% |
| Credit institutions | 430/8 | €2,946 | €10,080 | +€7,134 | +242% |
| Trade debts | 44 | €2,725 | €1,777 | -€947 | -34.8% |
| Suppliers | 440/4 | €2,725 | €1,777 | -€947 | -34.8% |
| Taxes, remuneration and social security | 45 | €10,496 | €6,128 | -€4,368 | -41.6% |
| Taxes | 450/3 | €10,496 | €6,128 | -€4,368 | -41.6% |
| Other amounts payable | 47/48 | €570 | €0 | -€570 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,440 | €39,249 | +€6,809 | +21.0% |
| Other operating charges | 640/8 | €21,120 | €11,441 | -€9,678 | -45.8% |
| Gross operating margin | 9900 | €100,300 | €133,882 | +€33,582 | +33.5% |
| Operating profit (loss) | 9901 | €46,740 | €83,191 | +€36,451 | +78.0% |
| Financial charges | 65/66B | €8,630 | €8,684 | +€54 | +0.6% |
| Recurring financial charges | 65 | €8,630 | €8,684 | +€54 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €38,110 | €74,507 | +€36,397 | +95.5% |
| Income taxes | 67/77 | €12,590 | €24,495 | +€11,905 | +94.6% |
| Profit (loss) for the period | 9904 | €25,520 | €50,012 | +€24,492 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,520 | €50,012 | +€24,492 | +96.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.