Expertisia: 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.
Expertisia
Largest movements
- Cash +€80,874
up €80,874 (+216.7%), from €37,324 to €118,199
mainly Net result for the year (+€85,717) and Tax, wage and social debts (+€21,462)
- Receivables within one year +€24,034
up €24,034 (+46.1%), from €52,150 to €76,183
of which Other amounts receivable: +€23,693
- Tangible fixed assets +€2,037
up €2,037 (+195.0%), from €1,044 to €3,081
of which Other tangible fixed assets: +€1,177
- Reserves +€85,717
up €85,717 (+134.7%), from €63,645 to €149,362
- Tax, wage and social debts +€21,462
up €21,462 (+95.9%), from €22,383 to €43,845
- Gross operating margin +€28,330
up €28,330 (+34.3%), from €82,655 to €110,985
- Taxes +€5,606
up €5,606 (+30.8%), from €18,208 to €23,813
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 | €92,233 | €198,478 | +€106,245 | +115.2% |
| Formation expenses | 20 | €1,112 | €848 | -€264 | -23.7% |
| Fixed assets | 21/28 | €1,044 | €3,081 | +€2,037 | +195.0% |
| Tangible fixed assets | 22/27 | €1,044 | €3,081 | +€2,037 | +195.0% |
| Furniture and vehicles | 24 | €1,044 | €1,904 | +€860 | +82.4% |
| Other tangible fixed assets | 26 | - | €1,177 | +€1,177 | |
| Current assets | 29/58 | €90,077 | €194,549 | +€104,472 | +116.0% |
| Amounts receivable within one year | 40/41 | €52,150 | €76,183 | +€24,034 | +46.1% |
| Trade receivables | 40 | €15,970 | €16,310 | +€341 | +2.1% |
| Other amounts receivable | 41 | €36,180 | €59,873 | +€23,693 | +65.5% |
| Cash at bank and in hand | 54/58 | €37,324 | €118,199 | +€80,874 | +216.7% |
| Deferred charges and accrued income | 490/1 | €603 | €167 | -€437 | -72.3% |
| Total equity and liabilities | 10/49 | €92,233 | €198,478 | +€106,245 | +115.2% |
| Equity | 10/15 | €68,645 | €154,362 | +€85,717 | +124.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,645 | €149,362 | +€85,717 | +134.7% |
| Distributable reserves | 133 | €63,645 | €149,362 | +€85,717 | +134.7% |
| Amounts payable | 17/49 | €23,588 | €44,116 | +€20,528 | +87.0% |
| Amounts payable within one year | 42/48 | €22,930 | €44,113 | +€21,184 | +92.4% |
| Trade debts | 44 | €547 | €268 | -€278 | -50.9% |
| Suppliers | 440/4 | €547 | €268 | -€278 | -50.9% |
| Taxes, remuneration and social security | 45 | €22,383 | €43,845 | +€21,462 | +95.9% |
| Taxes | 450/3 | €22,383 | €43,845 | +€21,462 | +95.9% |
| Accrued charges and deferred income | 492/3 | €659 | €2 | -€656 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €557 | €1,068 | +€512 | +91.9% |
| Other operating charges | 640/8 | €188 | €377 | +€189 | +100.6% |
| Gross operating margin | 9900 | €82,655 | €110,985 | +€28,330 | +34.3% |
| Operating profit (loss) | 9901 | €81,911 | €109,540 | +€27,629 | +33.7% |
| Financial income | 75/76B | - | €159 | +€159 | |
| Recurring financial income | 75 | - | €159 | +€159 | |
| Financial charges | 65/66B | €58 | €168 | +€110 | +189.7% |
| Recurring financial charges | 65 | €58 | €168 | +€110 | +189.7% |
| Profit (loss) for the period before taxes | 9903 | €81,853 | €109,531 | +€27,678 | +33.8% |
| Income taxes | 67/77 | €18,208 | €23,813 | +€5,606 | +30.8% |
| Profit (loss) for the period | 9904 | €63,645 | €85,717 | +€22,072 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,645 | €85,717 | +€22,072 | +34.7% |
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.