EXPERTMED: 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.
EXPERTMED
Largest movements
- Tangible fixed assets +€56,051
up €56,051 (+934.8%), from €5,996 to €62,048
of which Furniture and vehicles: +€56,080
- Intangible fixed assets -€17,700
down €17,700 (-80.0%), from €22,125 to €4,425
- Receivables within one year +€10,977
up €10,977 (+104.6%), from €10,493 to €21,470
of which Trade receivables: +€8,353
- Cash +€7,888
up €7,888 (+21.6%), from €36,492 to €44,380
mainly Net result for the year (+€44,264) and Debts after one year (+€44,224)
- Debts after one year +€44,224
up €44,224 (+365.2%), from €12,108 to €56,332
- Short-term financial debts +€7,908
up €7,908 (+72.8%), from €10,868 to €18,776
- Other debts +€3,000
up €3,000 (+21.5%), from €13,966 to €16,966
- Gross operating margin +€15,983
up €15,983 (+22.5%), from €71,052 to €87,035
- Depreciation +€8,386
up €8,386 (+39.9%), from €21,015 to €29,401
- Taxes +€2,212
up €2,212 (+21.2%), from €10,448 to €12,659
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 | €78,002 | €134,862 | +€56,860 | +72.9% |
| Fixed assets | 21/28 | €28,121 | €66,473 | +€38,351 | +136.4% |
| Intangible fixed assets | 21 | €22,125 | €4,425 | -€17,700 | -80.0% |
| Tangible fixed assets | 22/27 | €5,996 | €62,048 | +€56,051 | +934.8% |
| Plant, machinery and equipment | 23 | €4,238 | €4,209 | -€29 | -0.7% |
| Furniture and vehicles | 24 | €1,758 | €57,838 | +€56,080 | +3189.7% |
| Current assets | 29/58 | €49,881 | €68,389 | +€18,508 | +37.1% |
| Amounts receivable within one year | 40/41 | €10,493 | €21,470 | +€10,977 | +104.6% |
| Trade receivables | 40 | €9,342 | €17,695 | +€8,353 | +89.4% |
| Other amounts receivable | 41 | €1,151 | €3,774 | +€2,623 | +228.0% |
| Cash at bank and in hand | 54/58 | €36,492 | €44,380 | +€7,888 | +21.6% |
| Deferred charges and accrued income | 490/1 | €2,897 | €2,540 | -€357 | -12.3% |
| Total equity and liabilities | 10/49 | €78,002 | €134,862 | +€56,860 | +72.9% |
| Equity | 10/15 | €31,317 | €31,317 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,717 | €12,717 | = | 0.0% |
| Distributable reserves | 133 | €12,717 | €12,717 | = | 0.0% |
| Amounts payable | 17/49 | €46,686 | €103,545 | +€56,860 | +121.8% |
| Amounts payable after more than one year | 17 | €12,108 | €56,332 | +€44,224 | +365.2% |
| Financial debts | 170/4 | €12,108 | €56,332 | +€44,224 | +365.2% |
| Amounts payable within one year | 42/48 | €34,577 | €47,213 | +€12,635 | +36.5% |
| Financial debts | 43 | €10,868 | €18,776 | +€7,908 | +72.8% |
| Credit institutions | 430/8 | €10,868 | €18,776 | +€7,908 | +72.8% |
| Trade debts | 44 | €1,037 | €1,491 | +€454 | +43.8% |
| Suppliers | 440/4 | €1,037 | €1,491 | +€454 | +43.8% |
| Taxes, remuneration and social security | 45 | €8,707 | €9,980 | +€1,274 | +14.6% |
| Taxes | 450/3 | €8,707 | €9,980 | +€1,274 | +14.6% |
| Other amounts payable | 47/48 | €13,966 | €16,966 | +€3,000 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,015 | €29,401 | +€8,386 | +39.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €44 | +€44 | |
| Gross operating margin | 9900 | €71,052 | €87,035 | +€15,983 | +22.5% |
| Operating profit (loss) | 9901 | €49,650 | €57,190 | +€7,541 | +15.2% |
| Financial income | 75/76B | €27 | €112 | +€85 | +310.0% |
| Recurring financial income | 75 | €27 | €112 | +€85 | +310.0% |
| Financial charges | 65/66B | €374 | €379 | +€5 | +1.4% |
| Recurring financial charges | 65 | €374 | €379 | +€5 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €49,303 | €56,923 | +€7,620 | +15.5% |
| Income taxes | 67/77 | €10,448 | €12,659 | +€2,212 | +21.2% |
| Profit (loss) for the period | 9904 | €38,855 | €44,264 | +€5,409 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,855 | €44,264 | +€5,409 | +13.9% |
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 12 October 2026 via checked.be.