EXPERTIS: 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.
EXPERTIS
Largest movements
- Tangible fixed assets -€1,219
down €1,219 (-20.2%), from €6,032 to €4,813
- Receivables within one year +€739
up €739 (+15.5%), from €4,781 to €5,520
of which Other amounts receivable: +€739
- Cash -€209
down €209 (-60.0%), from €348 to €139
mainly Net result for the year (-€4,894) and Trade debts (-€1,714)
- Other debts +€5,920
up €5,920 (+11.9%), from €49,947 to €55,867
- Profit (loss) carried forward -€4,894
down €4,894 (-6.5%), from -€74,993 to -€79,887
- Trade debts -€1,714
down €1,714 (-100.0%), from €1,714 to €0
- Depreciation -€104
down €104 (-7.8%), from €1,323 to €1,219
- Gross operating margin -€81
down €81 (-2.7%), from -€3,049 to -€3,130
- Financial charges +€72
up €72 (+98.5%), from €74 to €146
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.
Cash bridge derived
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 | €11,261 | €10,572 | -€689 | -6.1% |
| Fixed assets | 21/28 | €6,132 | €4,913 | -€1,219 | -19.9% |
| Tangible fixed assets | 22/27 | €6,032 | €4,813 | -€1,219 | -20.2% |
| Plant, machinery and equipment | 23 | €6,032 | €4,813 | -€1,219 | -20.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €5,129 | €5,659 | +€530 | +10.3% |
| Amounts receivable within one year | 40/41 | €4,781 | €5,520 | +€739 | +15.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,781 | €5,520 | +€739 | +15.5% |
| Cash at bank and in hand | 54/58 | €348 | €139 | -€209 | -60.0% |
| Total equity and liabilities | 10/49 | €11,261 | €10,572 | -€689 | -6.1% |
| Equity | 10/15 | -€56,401 | -€61,295 | -€4,894 | -8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,993 | -€79,887 | -€4,894 | -6.5% |
| Amounts payable | 17/49 | €67,661 | €71,867 | +€4,205 | +6.2% |
| Amounts payable within one year | 42/48 | €67,661 | €71,867 | +€4,205 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €16,000 | = | 0.0% |
| Trade debts | 44 | €1,714 | €0 | -€1,714 | -100.0% |
| Suppliers | 440/4 | €1,714 | €0 | -€1,714 | -100.0% |
| Other amounts payable | 47/48 | €49,947 | €55,867 | +€5,920 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,323 | €1,219 | -€104 | -7.8% |
| Other operating charges | 640/8 | €400 | €400 | +€0 | 0.0% |
| Gross operating margin | 9900 | -€3,049 | -€3,130 | -€81 | -2.7% |
| Operating profit (loss) | 9901 | -€4,771 | -€4,749 | +€23 | +0.5% |
| Financial income | 75/76B | €6 | €1 | -€5 | -84.3% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -84.3% |
| Financial charges | 65/66B | €74 | €146 | +€72 | +98.5% |
| Recurring financial charges | 65 | €74 | €146 | +€72 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,839 | -€4,894 | -€55 | -1.1% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +3.6% |
| Profit (loss) for the period | 9904 | -€4,839 | -€4,894 | -€55 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,839 | -€4,894 | -€55 | -1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.