EXPERTISSIMMO: 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.
EXPERTISSIMMO
Largest movements
- Cash +€501,665
up €501,665 (+136.5%), from €367,498 to €869,164
mainly Other debts (+€1.0m) and Net result for the year (+€447,049)
- Current investments -€298,250
down €298,250 (-36.2%), from €824,957 to €526,707
- Financial fixed assets +€55,400
up €55,400 (+50556.7%), from €110 to €55,510
- Receivables within one year +€49,267
up €49,267 (+18.7%), from €262,882 to €312,149
of which Other amounts receivable: +€39,688
- Deferred charges and accrued income +€31,277
up €31,277 (+250.7%), from €12,477 to €43,754
- Other debts +€1.0m
up €1.0m (+4595.8%), from €22,207 to €1.0m
- Profit (loss) carried forward -€552,951
down €552,951 (-35.9%), from €1.5m to €989,286
- Debts after one year -€73,272
down €73,272 (-14.1%), from €521,320 to €448,048
- Trade debts -€47,869
down €47,869 (-34.4%), from €139,186 to €91,317
- Staff costs +€102,050
up €102,050 (+21.7%), from €470,993 to €573,043
- Financial income -€58,660
down €58,660 (-76.5%), from €76,666 to €18,006
- Taxes -€36,991
down €36,991 (-18.5%), from €200,191 to €163,199
- Depreciation +€25,980
up €25,980 (+32.1%), from €80,824 to €106,804
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 | €2,448,418 | €2,772,180 | +€323,763 | +13.2% |
| Fixed assets | 21/28 | €980,603 | €1,020,406 | +€39,803 | +4.1% |
| Intangible fixed assets | 21 | €59,102 | €60,747 | +€1,645 | +2.8% |
| Tangible fixed assets | 22/27 | €921,391 | €904,150 | -€17,241 | -1.9% |
| Land and buildings | 22 | €820,242 | €783,440 | -€36,801 | -4.5% |
| Plant, machinery and equipment | 23 | €279 | €169 | -€110 | -39.4% |
| Furniture and vehicles | 24 | €95,669 | €81,894 | -€13,774 | -14.4% |
| Other tangible fixed assets | 26 | €3,204 | €35,149 | +€31,944 | +997.0% |
| Assets under construction and advance payments | 27 | €1,998 | €3,498 | +€1,500 | +75.1% |
| Financial fixed assets | 28 | €110 | €55,510 | +€55,400 | +50556.7% |
| Current assets | 29/58 | €1,467,815 | €1,751,774 | +€283,960 | +19.3% |
| Amounts receivable within one year | 40/41 | €262,882 | €312,149 | +€49,267 | +18.7% |
| Trade receivables | 40 | €47,578 | €57,157 | +€9,579 | +20.1% |
| Other amounts receivable | 41 | €215,304 | €254,992 | +€39,688 | +18.4% |
| Current investments | 50/53 | €824,957 | €526,707 | -€298,250 | -36.2% |
| Cash at bank and in hand | 54/58 | €367,498 | €869,164 | +€501,665 | +136.5% |
| Deferred charges and accrued income | 490/1 | €12,477 | €43,754 | +€31,277 | +250.7% |
| Total equity and liabilities | 10/49 | €2,448,418 | €2,772,180 | +€323,763 | +13.2% |
| Equity | 10/15 | €1,562,696 | €1,009,745 | -€552,951 | -35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,542,237 | €989,286 | -€552,951 | -35.9% |
| Amounts payable | 17/49 | €885,721 | €1,762,435 | +€876,714 | +99.0% |
| Amounts payable after more than one year | 17 | €521,320 | €448,048 | -€73,272 | -14.1% |
| Financial debts | 170/4 | €521,320 | €448,048 | -€73,272 | -14.1% |
| Amounts payable within one year | 42/48 | €363,708 | €1,313,288 | +€949,580 | +261.1% |
| Current portion of amounts payable after more than one year | 42 | €73,062 | €75,178 | +€2,117 | +2.9% |
| Financial debts | 43 | €32,374 | €30,636 | -€1,738 | -5.4% |
| Credit institutions | 430/8 | €32,374 | €30,636 | -€1,738 | -5.4% |
| Trade debts | 44 | €139,186 | €91,317 | -€47,869 | -34.4% |
| Suppliers | 440/4 | €139,186 | €91,317 | -€47,869 | -34.4% |
| Advances received on contracts in progress | 46 | €36,058 | €15,994 | -€20,064 | -55.6% |
| Taxes, remuneration and social security | 45 | €60,821 | €57,371 | -€3,451 | -5.7% |
| Taxes | 450/3 | €379 | €80 | -€299 | -79.0% |
| Remuneration and social security | 454/9 | €60,442 | €57,291 | -€3,151 | -5.2% |
| Other amounts payable | 47/48 | €22,207 | €1,042,792 | +€1.0m | +4595.8% |
| Accrued charges and deferred income | 492/3 | €692 | €1,099 | +€407 | +58.8% |
| Non-recurring operating income | 76A | - | €10,185 | +€10,185 | |
| Remuneration, social security and pensions | 62 | €470,993 | €573,043 | +€102,050 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,824 | €106,804 | +€25,980 | +32.1% |
| Other operating charges | 640/8 | €23,544 | €31,307 | +€7,763 | +33.0% |
| Gross operating margin | 9900 | €1,309,631 | €1,318,935 | +€9,304 | +0.7% |
| Operating profit (loss) | 9901 | €734,270 | €607,781 | -€126,489 | -17.2% |
| Financial income | 75/76B | €76,666 | €18,006 | -€58,660 | -76.5% |
| Recurring financial income | 75 | €76,666 | €18,006 | -€58,660 | -76.5% |
| Financial charges | 65/66B | €16,287 | €15,539 | -€748 | -4.6% |
| Recurring financial charges | 65 | €16,287 | €15,539 | -€748 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €794,649 | €610,248 | -€184,401 | -23.2% |
| Income taxes | 67/77 | €200,191 | €163,199 | -€36,991 | -18.5% |
| Profit (loss) for the period | 9904 | €594,459 | €447,049 | -€147,410 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €594,459 | €447,049 | -€147,410 | -24.8% |
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 7 October 2026 via checked.be.