Experteeth: 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.
Experteeth
Largest movements
- Tangible fixed assets +€73,883
up €73,883 (+12.0%), from €616,221 to €690,104
of which Land and buildings: +€37,132
- Receivables within one year +€23,951
up €23,951 (+25.7%), from €93,130 to €117,080
of which Other amounts receivable: +€15,220
- Cash -€21,177
down €21,177 (-54.9%), from €38,605 to €17,428
mainly Investment in fixed assets (net) (-€142,970) and Receivables within one year (-€23,951)
- Current investments +€16,842
new in 2024: €16,842
- Profit (loss) carried forward +€39,100
up €39,100 (+54.5%), from €71,699 to €110,800
- Debts after one year +€35,327
up €35,327 (+6.6%), from €537,521 to €572,849
- Current portion of long-term debt +€28,215
up €28,215 (+60.6%), from €46,574 to €74,789
- Short-term financial debts +€13,600
up €13,600 (+400.0%), from €3,400 to €17,000
- Other debts -€12,397
down €12,397 (-34.3%), from €36,126 to €23,729
- Gross operating margin +€136,884
up €136,884 (+43.9%), from €311,585 to €448,469
- Staff costs +€54,926
up €54,926 (+25.5%), from €215,075 to €270,000
- Depreciation +€19,993
up €19,993 (+39.0%), from €51,245 to €71,237
- Taxes +€18,877
up €18,877 (+943.8%), from €2,000 to €20,877
- Financial charges +€4,684
up €4,684 (+24.6%), from €19,017 to €23,701
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €846,436 | €933,437 | +€87,001 | +10.3% |
| Fixed assets | 21/28 | €676,129 | €747,861 | +€71,732 | +10.6% |
| Intangible fixed assets | 21 | €59,908 | €57,757 | -€2,151 | -3.6% |
| Tangible fixed assets | 22/27 | €616,221 | €690,104 | +€73,883 | +12.0% |
| Land and buildings | 22 | €513,684 | €550,817 | +€37,132 | +7.2% |
| Plant, machinery and equipment | 23 | €43,883 | €50,900 | +€7,017 | +16.0% |
| Furniture and vehicles | 24 | €6,885 | €6,715 | -€170 | -2.5% |
| Leasing and similar rights | 25 | €51,768 | €81,673 | +€29,904 | +57.8% |
| Current assets | 29/58 | €170,307 | €185,576 | +€15,268 | +9.0% |
| Stocks and contracts in progress | 3 | €37,607 | €34,226 | -€3,381 | -9.0% |
| Stocks | 30/36 | €37,607 | €34,226 | -€3,381 | -9.0% |
| Amounts receivable within one year | 40/41 | €93,130 | €117,080 | +€23,951 | +25.7% |
| Trade receivables | 40 | €93,087 | €101,818 | +€8,730 | +9.4% |
| Other amounts receivable | 41 | €42 | €15,262 | +€15,220 | +36058.0% |
| Current investments | 50/53 | - | €16,842 | +€16,842 | |
| Cash at bank and in hand | 54/58 | €38,605 | €17,428 | -€21,177 | -54.9% |
| Deferred charges and accrued income | 490/1 | €966 | - | -€966 | |
| Total equity and liabilities | 10/49 | €846,436 | €933,437 | +€87,001 | +10.3% |
| Equity | 10/15 | €92,159 | €131,260 | +€39,100 | +42.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,699 | €110,800 | +€39,100 | +54.5% |
| Amounts payable | 17/49 | €754,277 | €802,177 | +€47,900 | +6.4% |
| Amounts payable after more than one year | 17 | €537,521 | €572,849 | +€35,327 | +6.6% |
| Financial debts | 170/4 | €537,521 | €572,849 | +€35,327 | +6.6% |
| Amounts payable within one year | 42/48 | €216,755 | €229,328 | +€12,573 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €46,574 | €74,789 | +€28,215 | +60.6% |
| Financial debts | 43 | €3,400 | €17,000 | +€13,600 | +400.0% |
| Credit institutions | 430/8 | €3,400 | €17,000 | +€13,600 | +400.0% |
| Trade debts | 44 | €85,662 | €74,618 | -€11,043 | -12.9% |
| Suppliers | 440/4 | €85,662 | €74,618 | -€11,043 | -12.9% |
| Advances received on contracts in progress | 46 | €844 | €844 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,150 | €38,348 | -€5,802 | -13.1% |
| Taxes | 450/3 | €6,784 | €8,494 | +€1,710 | +25.2% |
| Remuneration and social security | 454/9 | €37,366 | €29,854 | -€7,512 | -20.1% |
| Other amounts payable | 47/48 | €36,126 | €23,729 | -€12,397 | -34.3% |
| Non-recurring operating income | 76A | €17,267 | €11 | -€17,257 | -99.9% |
| Remuneration, social security and pensions | 62 | €215,075 | €270,000 | +€54,926 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,245 | €71,237 | +€19,993 | +39.0% |
| Other operating charges | 640/8 | €11,129 | €6,759 | -€4,369 | -39.3% |
| Gross operating margin | 9900 | €311,585 | €448,469 | +€136,884 | +43.9% |
| Operating profit (loss) | 9901 | €34,137 | €100,472 | +€66,335 | +194.3% |
| Financial income | 75/76B | €1 | €7 | +€6 | +768.4% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +768.4% |
| Financial charges | 65/66B | €19,017 | €23,701 | +€4,684 | +24.6% |
| Recurring financial charges | 65 | €19,017 | €23,701 | +€4,684 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €15,121 | €76,777 | +€61,657 | +407.8% |
| Income taxes | 67/77 | €2,000 | €20,877 | +€18,877 | +943.8% |
| Profit (loss) for the period | 9904 | €13,121 | €55,900 | +€42,780 | +326.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,121 | €55,900 | +€42,780 | +326.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.