EXPERTECH: 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.
EXPERTECH
Largest movements
- Receivables within one year +€117,568
up €117,568 (+83.2%), from €141,229 to €258,797
of which Other amounts receivable: +€90,492
- Cash -€72,993
down €72,993 (-33.2%), from €219,795 to €146,802
mainly Receivables within one year (-€117,568) and Tax, wage and social debts (-€2,359)
- Reserves +€40,685
up €40,685 (+12.8%), from €317,360 to €358,045
of which Distributable reserves: +€40,685
- Other debts +€4,744
up €4,744 (+80.6%), from €5,888 to €10,632
- Gross operating margin +€11,085
up €11,085 (+23.0%), from €48,107 to €59,192
- Taxes +€5,565
up €5,565 (+41.1%), from €13,525 to €19,090
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 | €363,540 | €407,294 | +€43,754 | +12.0% |
| Fixed assets | 21/28 | €781 | €365 | -€416 | -53.3% |
| Tangible fixed assets | 22/27 | €781 | €365 | -€416 | -53.3% |
| Furniture and vehicles | 24 | €781 | €365 | -€416 | -53.3% |
| Current assets | 29/58 | €362,759 | €406,929 | +€44,170 | +12.2% |
| Amounts receivable within one year | 40/41 | €141,229 | €258,797 | +€117,568 | +83.2% |
| Trade receivables | 40 | €89,096 | €116,172 | +€27,076 | +30.4% |
| Other amounts receivable | 41 | €52,133 | €142,625 | +€90,492 | +174% |
| Current investments | 50/53 | €1,330 | €1,330 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €219,795 | €146,802 | -€72,993 | -33.2% |
| Deferred charges and accrued income | 490/1 | €405 | - | -€405 | |
| Total equity and liabilities | 10/49 | €363,540 | €407,294 | +€43,754 | +12.0% |
| Equity | 10/15 | €335,960 | €376,645 | +€40,685 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €317,360 | €358,045 | +€40,685 | +12.8% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €299,360 | €340,045 | +€40,685 | +13.6% |
| Amounts payable | 17/49 | €27,580 | €30,649 | +€3,069 | +11.1% |
| Amounts payable within one year | 42/48 | €27,580 | €30,649 | +€3,069 | +11.1% |
| Trade debts | 44 | €297 | €981 | +€684 | +230% |
| Suppliers | 440/4 | €297 | €981 | +€684 | +230% |
| Taxes, remuneration and social security | 45 | €21,395 | €19,036 | -€2,359 | -11.0% |
| Taxes | 450/3 | €21,395 | €19,036 | -€2,359 | -11.0% |
| Other amounts payable | 47/48 | €5,888 | €10,632 | +€4,744 | +80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €416 | -€1 | -0.2% |
| Other operating charges | 640/8 | €386 | €400 | +€14 | +3.6% |
| Gross operating margin | 9900 | €48,107 | €59,192 | +€11,085 | +23.0% |
| Operating profit (loss) | 9901 | €47,304 | €58,376 | +€11,072 | +23.4% |
| Financial income | 75/76B | €2,195 | €1,620 | -€575 | -26.2% |
| Recurring financial income | 75 | €2,195 | €1,620 | -€575 | -26.2% |
| Financial charges | 65/66B | €284 | €221 | -€63 | -22.2% |
| Recurring financial charges | 65 | €284 | €221 | -€63 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €49,215 | €59,775 | +€10,560 | +21.5% |
| Income taxes | 67/77 | €13,525 | €19,090 | +€5,565 | +41.1% |
| Profit (loss) for the period | 9904 | €35,690 | €40,685 | +€4,995 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,690 | €40,685 | +€4,995 | +14.0% |
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 31 October 2026 via checked.be.