EXPERTS PARTNERS: 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.
EXPERTS PARTNERS
Largest movements
- Tangible fixed assets +€9,437
up €9,437 (+11.6%), from €81,023 to €90,460
of which Furniture and vehicles: +€9,552
- Trade debts -€24,022
down €24,022 (-59.6%), from €40,272 to €16,251
- Reserves +€13,860
up €13,860 (+27.2%), from €50,895 to €64,755
- Current portion of long-term debt +€7,416
up €7,416 (+20.2%), from €36,745 to €44,161
- Advances received +€5,644
up €5,644 (+91.2%), from €6,191 to €11,836
- Tax, wage and social debts +€5,435
up €5,435 (+101.1%), from €5,377 to €10,812
of which Taxes: +€5,495
- Gross operating margin -€21,814
down €21,814 (-43.8%), from €49,840 to €28,026
- Staff costs -€7,831
down €7,831 (-91.3%), from €8,575 to €744
- Financial income +€3,236
up €3,236 (+2881.8%), from €112 to €3,349
- Taxes -€2,449
down €2,449 (-21.8%), from €11,246 to €8,797
- Financial charges +€1,355
up €1,355 (+44.4%), from €3,050 to €4,405
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 | €149,041 | €157,449 | +€8,408 | +5.6% |
| Fixed assets | 21/28 | €84,835 | €93,442 | +€8,607 | +10.1% |
| Intangible fixed assets | 21 | €2,492 | €1,662 | -€831 | -33.3% |
| Tangible fixed assets | 22/27 | €81,023 | €90,460 | +€9,437 | +11.6% |
| Land and buildings | 22 | €77,864 | €77,864 | = | 0.0% |
| Plant, machinery and equipment | 23 | €114 | - | -€114 | |
| Furniture and vehicles | 24 | €3,045 | €12,597 | +€9,552 | +313.7% |
| Financial fixed assets | 28 | €1,320 | €1,320 | = | 0.0% |
| Current assets | 29/58 | €64,205 | €64,007 | -€198 | -0.3% |
| Amounts receivable within one year | 40/41 | €58,126 | €56,877 | -€1,249 | -2.1% |
| Trade receivables | 40 | €1,130 | €11,207 | +€10,077 | +891.9% |
| Other amounts receivable | 41 | €56,996 | €45,670 | -€11,326 | -19.9% |
| Cash at bank and in hand | 54/58 | €6,079 | €6,739 | +€660 | +10.9% |
| Deferred charges and accrued income | 490/1 | - | €391 | +€391 | |
| Total equity and liabilities | 10/49 | €149,041 | €157,449 | +€8,408 | +5.6% |
| Equity | 10/15 | €58,955 | €72,815 | +€13,860 | +23.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €50,895 | €64,755 | +€13,860 | +27.2% |
| Distributable reserves | 133 | €50,895 | €64,755 | +€13,860 | +27.2% |
| Amounts payable | 17/49 | €90,085 | €84,634 | -€5,452 | -6.1% |
| Amounts payable within one year | 42/48 | €88,585 | €83,059 | -€5,527 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €36,745 | €44,161 | +€7,416 | +20.2% |
| Trade debts | 44 | €40,272 | €16,251 | -€24,022 | -59.6% |
| Suppliers | 440/4 | €40,272 | €16,251 | -€24,022 | -59.6% |
| Advances received on contracts in progress | 46 | €6,191 | €11,836 | +€5,644 | +91.2% |
| Taxes, remuneration and social security | 45 | €5,377 | €10,812 | +€5,435 | +101.1% |
| Taxes | 450/3 | €5,317 | €10,812 | +€5,495 | +103.4% |
| Remuneration and social security | 454/9 | €60 | - | -€60 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,575 | +€75 | +5.0% |
| Remuneration, social security and pensions | 62 | €8,575 | €744 | -€7,831 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,284 | €2,893 | -€390 | -11.9% |
| Other operating charges | 640/8 | €477 | €675 | +€198 | +41.4% |
| Gross operating margin | 9900 | €49,840 | €28,026 | -€21,814 | -43.8% |
| Operating profit (loss) | 9901 | €37,504 | €23,713 | -€13,791 | -36.8% |
| Financial income | 75/76B | €112 | €3,349 | +€3,236 | +2881.8% |
| Recurring financial income | 75 | €112 | €3,349 | +€3,236 | +2881.8% |
| Financial charges | 65/66B | €3,050 | €4,405 | +€1,355 | +44.4% |
| Recurring financial charges | 65 | €3,050 | €4,405 | +€1,355 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €34,566 | €22,657 | -€11,909 | -34.5% |
| Income taxes | 67/77 | €11,246 | €8,797 | -€2,449 | -21.8% |
| Profit (loss) for the period | 9904 | €23,320 | €13,860 | -€9,460 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,320 | €13,860 | -€9,460 | -40.6% |
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 10 October 2026 via checked.be.