Expertiseburo: 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.
Expertiseburo
Largest movements
- Cash +€25,161
up €25,161 (+432%), from €5,821 to €30,981
mainly Short-term financial debts (+€30,000) and Tax, wage and social debts (+€10,645)
- Intangible fixed assets -€10,271
no longer reported in 2025 (was €10,271)
- Receivables within one year -€8,174
down €8,174 (-6.2%), from €131,829 to €123,655
of which Trade receivables: -€8,409
- Tangible fixed assets -€3,198
down €3,198 (-40.6%), from €7,876 to €4,678
- Deferred charges and accrued income -€2,528
no longer reported in 2025 (was €2,528)
- Short-term financial debts +€30,000
new in 2025: €30,000
- Trade debts -€22,288
down €22,288 (-89.2%), from €24,987 to €2,699
- Tax, wage and social debts +€10,645
up €10,645 (+13.7%), from €77,585 to €88,230
of which Taxes: +€13,196
- Profit (loss) carried forward -€6,838
down €6,838 (-24.3%), from €28,090 to €21,252
- Current portion of long-term debt -€6,275
down €6,275 (-69.8%), from €8,985 to €2,710
- Staff costs +€39,657
up €39,657 (+17.8%), from €222,693 to €262,350
- Gross operating margin +€24,715
up €24,715 (+9.7%), from €256,022 to €280,737
- Depreciation -€11,182
down €11,182 (-77.8%), from €14,379 to €3,198
- Financial charges +€7,115
up €7,115 (+86.7%), from €8,207 to €15,322
- Other operating charges -€5,556
down €5,556 (-73.1%), from €7,602 to €2,046
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 | €166,845 | €167,615 | +€770 | +0.5% |
| Fixed assets | 21/28 | €26,667 | €12,978 | -€13,689 | -51.3% |
| Intangible fixed assets | 21 | €10,271 | - | -€10,271 | |
| Tangible fixed assets | 22/27 | €7,876 | €4,678 | -€3,198 | -40.6% |
| Furniture and vehicles | 24 | €7,876 | €4,678 | -€3,198 | -40.6% |
| Financial fixed assets | 28 | €8,520 | €8,300 | -€220 | -2.6% |
| Current assets | 29/58 | €140,178 | €154,637 | +€14,459 | +10.3% |
| Amounts receivable within one year | 40/41 | €131,829 | €123,655 | -€8,174 | -6.2% |
| Trade receivables | 40 | €131,657 | €123,248 | -€8,409 | -6.4% |
| Other amounts receivable | 41 | €172 | €407 | +€235 | +137% |
| Cash at bank and in hand | 54/58 | €5,821 | €30,981 | +€25,161 | +432% |
| Deferred charges and accrued income | 490/1 | €2,528 | - | -€2,528 | |
| Total equity and liabilities | 10/49 | €166,845 | €167,615 | +€770 | +0.5% |
| Equity | 10/15 | €46,690 | €39,852 | -€6,838 | -14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,090 | €21,252 | -€6,838 | -24.3% |
| Amounts payable | 17/49 | €120,155 | €127,762 | +€7,608 | +6.3% |
| Amounts payable within one year | 42/48 | €119,433 | €127,762 | +€8,329 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €8,985 | €2,710 | -€6,275 | -69.8% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €24,987 | €2,699 | -€22,288 | -89.2% |
| Suppliers | 440/4 | €24,987 | €2,699 | -€22,288 | -89.2% |
| Taxes, remuneration and social security | 45 | €77,585 | €88,230 | +€10,645 | +13.7% |
| Taxes | 450/3 | €41,325 | €54,521 | +€13,196 | +31.9% |
| Remuneration and social security | 454/9 | €36,260 | €33,709 | -€2,551 | -7.0% |
| Other amounts payable | 47/48 | €7,877 | €4,124 | -€3,753 | -47.6% |
| Accrued charges and deferred income | 492/3 | €721 | - | -€721 | |
| Non-recurring operating income | 76A | - | €4,729 | +€4,729 | |
| Remuneration, social security and pensions | 62 | €222,693 | €262,350 | +€39,657 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,379 | €3,198 | -€11,182 | -77.8% |
| Other operating charges | 640/8 | €7,602 | €2,046 | -€5,556 | -73.1% |
| Gross operating margin | 9900 | €256,022 | €280,737 | +€24,715 | +9.7% |
| Operating profit (loss) | 9901 | €11,348 | €13,143 | +€1,795 | +15.8% |
| Financial income | 75/76B | €22 | €139 | +€117 | +534% |
| Recurring financial income | 75 | €22 | €139 | +€117 | +534% |
| Financial charges | 65/66B | €8,207 | €15,322 | +€7,115 | +86.7% |
| Recurring financial charges | 65 | €8,207 | €15,322 | +€7,115 | +86.7% |
| Profit (loss) for the period before taxes | 9903 | €3,163 | -€2,040 | -€5,203 | |
| Income taxes | 67/77 | €4,749 | €4,798 | +€50 | +1.0% |
| Profit (loss) for the period | 9904 | -€1,586 | -€6,838 | -€5,252 | -331% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,586 | -€6,838 | -€5,252 | -331% |
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 19 October 2026 via checked.be.