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 -€3,609
down €3,609 (-9.6%), from €37,708 to €34,098
of which Land and buildings: -€2,106
- Deferred charges and accrued income -€3,293
no longer reported in 2025 (was €3,293)
- Cash +€2,390
up €2,390 (+12.6%), from €19,024 to €21,414
mainly Other debts (+€13,834) and Depreciation (+€7,786)
- Receivables within one year -€797
down €797 (-8.9%), from €8,918 to €8,121
of which Trade receivables: -€2,805
- Other debts +€13,834
up €13,834 (+490.6%), from €2,820 to €16,654
- Profit (loss) carried forward -€13,729
down €13,729 (-67.1%), from €20,473 to €6,744
- Trade debts -€11,497
down €11,497 (-95.9%), from €11,985 to €488
- Tax, wage and social debts +€6,083
up €6,083 (+3540.6%), from €172 to €6,255
- Gross operating margin +€16,838
up €16,838 (+3036.0%), from €555 to €17,393
- Taxes +€2,160
up €2,160 (+577.6%), from €374 to €2,535
- Depreciation +€1,102
up €1,102 (+16.5%), from €6,684 to €7,786
- Other operating charges +€222
up €222 (+42.0%), from €529 to €751
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 | €68,942 | €63,633 | -€5,309 | -7.7% |
| Fixed assets | 21/28 | €37,708 | €34,098 | -€3,609 | -9.6% |
| Tangible fixed assets | 22/27 | €37,708 | €34,098 | -€3,609 | -9.6% |
| Land and buildings | 22 | €26,107 | €24,001 | -€2,106 | -8.1% |
| Plant, machinery and equipment | 23 | €677 | - | -€677 | |
| Furniture and vehicles | 24 | €10,923 | €10,097 | -€826 | -7.6% |
| Current assets | 29/58 | €31,235 | €29,535 | -€1,700 | -5.4% |
| Amounts receivable within one year | 40/41 | €8,918 | €8,121 | -€797 | -8.9% |
| Trade receivables | 40 | €3,835 | €1,030 | -€2,805 | -73.2% |
| Other amounts receivable | 41 | €5,083 | €7,091 | +€2,008 | +39.5% |
| Cash at bank and in hand | 54/58 | €19,024 | €21,414 | +€2,390 | +12.6% |
| Deferred charges and accrued income | 490/1 | €3,293 | - | -€3,293 | |
| Total equity and liabilities | 10/49 | €68,942 | €63,633 | -€5,309 | -7.7% |
| Equity | 10/15 | €53,965 | €40,236 | -€13,729 | -25.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,993 | €30,993 | = | 0.0% |
| Distributable reserves | 133 | €30,993 | €30,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,473 | €6,744 | -€13,729 | -67.1% |
| Amounts payable | 17/49 | €14,977 | €23,397 | +€8,420 | +56.2% |
| Amounts payable within one year | 42/48 | €14,977 | €23,397 | +€8,420 | +56.2% |
| Trade debts | 44 | €11,985 | €488 | -€11,497 | -95.9% |
| Suppliers | 440/4 | €11,985 | €488 | -€11,497 | -95.9% |
| Taxes, remuneration and social security | 45 | €172 | €6,255 | +€6,083 | +3540.6% |
| Taxes | 450/3 | €172 | €6,255 | +€6,083 | +3540.6% |
| Other amounts payable | 47/48 | €2,820 | €16,654 | +€13,834 | +490.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,684 | €7,786 | +€1,102 | +16.5% |
| Other operating charges | 640/8 | €529 | €751 | +€222 | +42.0% |
| Gross operating margin | 9900 | €555 | €17,393 | +€16,838 | +3036.0% |
| Operating profit (loss) | 9901 | -€6,659 | €8,855 | +€15,514 | |
| Financial charges | 65/66B | €163 | €50 | -€113 | -69.5% |
| Recurring financial charges | 65 | €163 | €50 | -€113 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,821 | €8,805 | +€15,627 | |
| Income taxes | 67/77 | €374 | €2,535 | +€2,160 | +577.6% |
| Profit (loss) for the period | 9904 | -€7,195 | €6,271 | +€13,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,195 | €6,271 | +€13,466 |
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 4 October 2026 via checked.be.