ExpertEase by VD&P: 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.
ExpertEase by VD&P
Largest movements
- Cash -€46,487
down €46,487 (-43.7%), from €106,354 to €59,867
mainly Contributions, distributions and other (-€243,500) and Debts after one year (-€19,388)
- Tangible fixed assets -€16,360
down €16,360 (-11.5%), from €142,611 to €126,251
of which Land and buildings: -€13,500
- Receivables within one year +€11,069
up €11,069 (+50.0%), from €22,121 to €33,190
of which Trade receivables: +€10,490
- Reserves -€39,200
down €39,200 (-5.2%), from €761,110 to €721,910
- Debts after one year -€19,388
down €19,388 (-21.0%), from €92,167 to €72,779
- Tax, wage and social debts +€9,786
up €9,786 (+41.3%), from €23,710 to €33,496
of which Taxes: +€10,044
- Gross operating margin +€33,447
up €33,447 (+10.5%), from €318,489 to €351,936
- Taxes +€7,528
up €7,528 (+9.3%), from €81,382 to €88,910
- Financial charges +€7,156
up €7,156 (+265%), from €2,698 to €9,854
- Financial income -€6,708
down €6,708 (-41.3%), from €16,225 to €9,517
- Staff costs -€4,734
down €4,734 (-11.1%), from €42,592 to €37,858
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 | €919,323 | €866,885 | -€52,439 | -5.7% |
| Fixed assets | 21/28 | €142,611 | €126,251 | -€16,360 | -11.5% |
| Tangible fixed assets | 22/27 | €142,611 | €126,251 | -€16,360 | -11.5% |
| Land and buildings | 22 | €135,000 | €121,500 | -€13,500 | -10.0% |
| Plant, machinery and equipment | 23 | €5,920 | €3,732 | -€2,188 | -37.0% |
| Furniture and vehicles | 24 | €1,691 | €1,019 | -€672 | -39.8% |
| Current assets | 29/58 | €776,712 | €740,634 | -€36,078 | -4.6% |
| Amounts receivable within one year | 40/41 | €22,121 | €33,190 | +€11,069 | +50.0% |
| Trade receivables | 40 | €19,007 | €29,497 | +€10,490 | +55.2% |
| Other amounts receivable | 41 | €3,114 | €3,693 | +€579 | +18.6% |
| Current investments | 50/53 | €648,038 | €647,140 | -€898 | -0.1% |
| Cash at bank and in hand | 54/58 | €106,354 | €59,867 | -€46,487 | -43.7% |
| Deferred charges and accrued income | 490/1 | €200 | €438 | +€238 | +119% |
| Total equity and liabilities | 10/49 | €919,323 | €866,885 | -€52,439 | -5.7% |
| Equity | 10/15 | €773,827 | €734,642 | -€39,185 | -5.1% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €761,110 | €721,910 | -€39,200 | -5.2% |
| Distributable reserves | 133 | €761,110 | €721,910 | -€39,200 | -5.2% |
| Profit (loss) carried forward | 14 | €17 | €32 | +€15 | +90.7% |
| Amounts payable | 17/49 | €145,497 | €132,243 | -€13,254 | -9.1% |
| Amounts payable after more than one year | 17 | €92,167 | €72,779 | -€19,388 | -21.0% |
| Financial debts | 170/4 | €92,167 | €72,779 | -€19,388 | -21.0% |
| Amounts payable within one year | 42/48 | €53,132 | €59,464 | +€6,332 | +11.9% |
| Financial debts | 43 | €21,596 | €20,053 | -€1,543 | -7.1% |
| Credit institutions | 430/8 | €21,596 | €20,053 | -€1,543 | -7.1% |
| Trade debts | 44 | €3,670 | €4,327 | +€657 | +17.9% |
| Suppliers | 440/4 | €3,670 | €4,327 | +€657 | +17.9% |
| Taxes, remuneration and social security | 45 | €23,710 | €33,496 | +€9,786 | +41.3% |
| Taxes | 450/3 | €18,060 | €28,104 | +€10,044 | +55.6% |
| Remuneration and social security | 454/9 | €5,650 | €5,392 | -€258 | -4.6% |
| Other amounts payable | 47/48 | €4,156 | €1,588 | -€2,568 | -61.8% |
| Accrued charges and deferred income | 492/3 | €198 | - | -€198 | |
| Remuneration, social security and pensions | 62 | €42,592 | €37,858 | -€4,734 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,687 | €17,307 | -€1,380 | -7.4% |
| Other operating charges | 640/8 | €2,597 | €3,208 | +€611 | +23.5% |
| Gross operating margin | 9900 | €318,489 | €351,936 | +€33,447 | +10.5% |
| Operating profit (loss) | 9901 | €254,612 | €293,562 | +€38,950 | +15.3% |
| Financial income | 75/76B | €16,225 | €9,517 | -€6,708 | -41.3% |
| Recurring financial income | 75 | €16,225 | €9,517 | -€6,708 | -41.3% |
| Financial charges | 65/66B | €2,698 | €9,854 | +€7,156 | +265% |
| Recurring financial charges | 65 | €2,698 | €9,854 | +€7,156 | +265% |
| Profit (loss) for the period before taxes | 9903 | €268,139 | €293,225 | +€25,086 | +9.4% |
| Income taxes | 67/77 | €81,382 | €88,910 | +€7,528 | +9.3% |
| Profit (loss) for the period | 9904 | €186,757 | €204,315 | +€17,558 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €186,757 | €204,315 | +€17,558 | +9.4% |
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 21 October 2026 via checked.be.