EXPERTEAM - D: 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.
EXPERTEAM - D
Largest movements
- Receivables within one year +€20,152
up €20,152 (+47.5%), from €42,417 to €62,569
of which Trade receivables: +€20,302
- Tangible fixed assets -€15,329
down €15,329 (-34.4%), from €44,558 to €29,229
of which Furniture and vehicles: -€12,284
- Reserves +€15,000
up €15,000 (+66.7%), from €22,500 to €37,500
- Other debts -€8,566
down €8,566 (-23.0%), from €37,189 to €28,623
- Tax, wage and social debts -€4,116
down €4,116 (-27.2%), from €15,124 to €11,008
of which Remuneration and social security: -€2,693
- Profit (loss) carried forward +€3,117
up €3,117 (+43.5%), from €7,162 to €10,279
- Staff costs -€13,236
down €13,236 (-81.4%), from €16,269 to €3,033
- Gross operating margin +€7,238
up €7,238 (+17.0%), from €42,644 to €49,882
- Taxes +€4,910
up €4,910 (+101.8%), from €4,821 to €9,731
- Depreciation +€3,030
up €3,030 (+24.6%), from €12,299 to €15,329
- Financial charges -€1,029
down €1,029 (-30.0%), from €3,427 to €2,398
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,878 | €114,622 | +€5,744 | +5.3% |
| Fixed assets | 21/28 | €44,558 | €29,229 | -€15,329 | -34.4% |
| Tangible fixed assets | 22/27 | €44,558 | €29,229 | -€15,329 | -34.4% |
| Plant, machinery and equipment | 23 | €11,227 | €8,182 | -€3,045 | -27.1% |
| Furniture and vehicles | 24 | €33,331 | €21,047 | -€12,284 | -36.9% |
| Current assets | 29/58 | €64,320 | €85,393 | +€21,073 | +32.8% |
| Amounts receivable within one year | 40/41 | €42,417 | €62,569 | +€20,152 | +47.5% |
| Trade receivables | 40 | €42,267 | €62,569 | +€20,302 | +48.0% |
| Other amounts receivable | 41 | €150 | - | -€150 | |
| Cash at bank and in hand | 54/58 | €21,539 | €22,438 | +€899 | +4.2% |
| Deferred charges and accrued income | 490/1 | €364 | €386 | +€22 | +6.0% |
| Total equity and liabilities | 10/49 | €108,878 | €114,622 | +€5,744 | +5.3% |
| Equity | 10/15 | €51,662 | €69,779 | +€18,117 | +35.1% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €37,500 | +€15,000 | +66.7% |
| Distributable reserves | 133 | €22,500 | €37,500 | +€15,000 | +66.7% |
| Profit (loss) carried forward | 14 | €7,162 | €10,279 | +€3,117 | +43.5% |
| Amounts payable | 17/49 | €57,216 | €44,843 | -€12,373 | -21.6% |
| Amounts payable within one year | 42/48 | €57,216 | €44,843 | -€12,373 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €4,167 | €4,164 | -€3 | -0.1% |
| Trade debts | 44 | €736 | €1,048 | +€312 | +42.4% |
| Suppliers | 440/4 | €736 | €1,048 | +€312 | +42.4% |
| Taxes, remuneration and social security | 45 | €15,124 | €11,008 | -€4,116 | -27.2% |
| Taxes | 450/3 | €12,431 | €11,008 | -€1,423 | -11.4% |
| Remuneration and social security | 454/9 | €2,693 | - | -€2,693 | |
| Other amounts payable | 47/48 | €37,189 | €28,623 | -€8,566 | -23.0% |
| Remuneration, social security and pensions | 62 | €16,269 | €3,033 | -€13,236 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,299 | €15,329 | +€3,030 | +24.6% |
| Other operating charges | 640/8 | €1,461 | €1,274 | -€187 | -12.8% |
| Gross operating margin | 9900 | €42,644 | €49,882 | +€7,238 | +17.0% |
| Operating profit (loss) | 9901 | €12,615 | €30,246 | +€17,631 | +139.8% |
| Financial charges | 65/66B | €3,427 | €2,398 | -€1,029 | -30.0% |
| Recurring financial charges | 65 | €3,427 | €2,398 | -€1,029 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €9,188 | €27,848 | +€18,660 | +203.1% |
| Income taxes | 67/77 | €4,821 | €9,731 | +€4,910 | +101.8% |
| Profit (loss) for the period | 9904 | €4,367 | €18,117 | +€13,750 | +314.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,367 | €18,117 | +€13,750 | +314.9% |
Source: filed annual accounts (NBB), fiscal years ended 1 April 2025 and 1 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.