EXPERTISE ET MOI: 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.
EXPERTISE ET MOI
Largest movements
- Receivables within one year -€7,558
down €7,558 (-35.2%), from €21,464 to €13,906
- Cash +€4,467
up €4,467 (+2.9%), from €152,315 to €156,782
mainly Net result for the year (+€20,384) and Receivables within one year (+€7,558)
- Tangible fixed assets -€3,185
down €3,185 (-16.9%), from €18,856 to €15,671
- Reserves -€5,000
down €5,000 (-4.2%), from €120,000 to €115,000
- Other debts +€4,313
up €4,313 (+20.2%), from €21,318 to €25,631
- Debts after one year -€4,095
down €4,095 (-40.1%), from €10,213 to €6,117
- Trade debts -€2,777
down €2,777 (-66.4%), from €4,181 to €1,404
- Gross operating margin +€5,270
up €5,270 (+17.6%), from €30,022 to €35,292
- Depreciation -€3,409
down €3,409 (-35.5%), from €9,612 to €6,204
- Taxes +€2,556
up €2,556 (+68.9%), from €3,710 to €6,266
- Other operating charges +€463
up €463 (+36.8%), from €1,258 to €1,721
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 | €193,357 | €187,044 | -€6,312 | -3.3% |
| Fixed assets | 21/28 | €18,856 | €15,671 | -€3,185 | -16.9% |
| Tangible fixed assets | 22/27 | €18,856 | €15,671 | -€3,185 | -16.9% |
| Furniture and vehicles | 24 | €18,856 | €15,671 | -€3,185 | -16.9% |
| Current assets | 29/58 | €174,501 | €171,374 | -€3,127 | -1.8% |
| Amounts receivable within one year | 40/41 | €21,464 | €13,906 | -€7,558 | -35.2% |
| Trade receivables | 40 | €21,464 | €13,906 | -€7,558 | -35.2% |
| Cash at bank and in hand | 54/58 | €152,315 | €156,782 | +€4,467 | +2.9% |
| Deferred charges and accrued income | 490/1 | €722 | €685 | -€37 | -5.1% |
| Total equity and liabilities | 10/49 | €193,357 | €187,044 | -€6,312 | -3.3% |
| Equity | 10/15 | €141,279 | €138,134 | -€3,145 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,000 | €115,000 | -€5,000 | -4.2% |
| Distributable reserves | 133 | €120,000 | €115,000 | -€5,000 | -4.2% |
| Profit (loss) carried forward | 14 | €2,679 | €4,534 | +€1,855 | +69.2% |
| Amounts payable | 17/49 | €52,078 | €48,911 | -€3,167 | -6.1% |
| Amounts payable after more than one year | 17 | €10,213 | €6,117 | -€4,095 | -40.1% |
| Financial debts | 170/4 | €10,213 | €6,117 | -€4,095 | -40.1% |
| Amounts payable within one year | 42/48 | €41,865 | €42,793 | +€928 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €5,673 | €4,095 | -€1,578 | -27.8% |
| Trade debts | 44 | €4,181 | €1,404 | -€2,777 | -66.4% |
| Suppliers | 440/4 | €4,181 | €1,404 | -€2,777 | -66.4% |
| Taxes, remuneration and social security | 45 | €10,693 | €11,663 | +€970 | +9.1% |
| Taxes | 450/3 | €10,693 | €11,663 | +€970 | +9.1% |
| Other amounts payable | 47/48 | €21,318 | €25,631 | +€4,313 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,612 | €6,204 | -€3,409 | -35.5% |
| Other operating charges | 640/8 | €1,258 | €1,721 | +€463 | +36.8% |
| Gross operating margin | 9900 | €30,022 | €35,292 | +€5,270 | +17.6% |
| Operating profit (loss) | 9901 | €19,151 | €27,367 | +€8,216 | +42.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €900 | €717 | -€183 | -20.3% |
| Recurring financial charges | 65 | €900 | €717 | -€183 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €18,251 | €26,650 | +€8,399 | +46.0% |
| Income taxes | 67/77 | €3,710 | €6,266 | +€2,556 | +68.9% |
| Profit (loss) for the period | 9904 | €14,541 | €20,384 | +€5,843 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,541 | €20,384 | +€5,843 | +40.2% |
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 24 October 2026 via checked.be.