EXPERTS SERVICES: 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.
EXPERTS SERVICES
Largest movements
- Current investments -€799,729
down €799,729 (-99.7%), from €802,409 to €2,681
- Cash +€559,087
up €559,087 (+153.5%), from €364,171 to €923,258
mainly Current investments (+€799,729) and Depreciation (+€78,972)
- Tangible fixed assets +€141,840
up €141,840 (+10.0%), from €1.4m to €1.6m
of which Land and buildings: +€160,670
- Reserves -€35,878
down €35,878 (-4.0%), from €899,542 to €863,665
of which Distributable reserves: -€35,878
- Financial income -€122,018
down €122,018 (-88.0%), from €138,713 to €16,695
of which Non-recurring financial income: -€63,131
- Depreciation +€35,861
up €35,861 (+83.2%), from €43,111 to €78,972
- Taxes -€22,464
down €22,464 (-96.9%), from €23,187 to €723
- Gross operating margin +€19,223
up €19,223 (+14.7%), from €130,371 to €149,594
- Financial charges -€2,398
down €2,398 (-2.1%), from €114,900 to €112,502
of which Non-recurring financial charges: -€1,789
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 | €2,645,752 | €2,543,941 | -€101,811 | -3.8% |
| Fixed assets | 21/28 | €1,458,371 | €1,591,961 | +€133,590 | +9.2% |
| Intangible fixed assets | 21 | €37,125 | €28,875 | -€8,250 | -22.2% |
| Tangible fixed assets | 22/27 | €1,421,246 | €1,563,086 | +€141,840 | +10.0% |
| Land and buildings | 22 | €1,354,826 | €1,515,496 | +€160,670 | +11.9% |
| Furniture and vehicles | 24 | €66,420 | €47,590 | -€18,830 | -28.4% |
| Current assets | 29/58 | €1,187,381 | €951,980 | -€235,401 | -19.8% |
| Amounts receivable within one year | 40/41 | €16,184 | €22,836 | +€6,652 | +41.1% |
| Trade receivables | 40 | €16,184 | €20,329 | +€4,145 | +25.6% |
| Other amounts receivable | 41 | €0 | €2,507 | +€2,507 | |
| Current investments | 50/53 | €802,409 | €2,681 | -€799,729 | -99.7% |
| Cash at bank and in hand | 54/58 | €364,171 | €923,258 | +€559,087 | +153.5% |
| Deferred charges and accrued income | 490/1 | €4,617 | €3,206 | -€1,411 | -30.6% |
| Total equity and liabilities | 10/49 | €2,645,752 | €2,543,941 | -€101,811 | -3.8% |
| Equity | 10/15 | €1,005,742 | €969,865 | -€35,878 | -3.6% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Capital | 10 | €106,200 | €106,200 | = | 0.0% |
| Issued capital | 100 | €118,600 | €118,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €899,542 | €863,665 | -€35,878 | -4.0% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Legal reserve | 130 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €887,682 | €851,805 | -€35,878 | -4.0% |
| Provisions and deferred taxes | 16 | €1,462,000 | €1,462,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,462,000 | €1,462,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,462,000 | €1,462,000 | = | 0.0% |
| Amounts payable | 17/49 | €178,010 | €112,076 | -€65,934 | -37.0% |
| Amounts payable after more than one year | 17 | €49,753 | €25,316 | -€24,437 | -49.1% |
| Financial debts | 170/4 | €49,753 | €25,316 | -€24,437 | -49.1% |
| Amounts payable within one year | 42/48 | €128,257 | €86,760 | -€41,496 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €23,589 | €24,437 | +€848 | +3.6% |
| Trade debts | 44 | €24,756 | €0 | -€24,756 | -100.0% |
| Suppliers | 440/4 | €24,756 | €0 | -€24,756 | -100.0% |
| Advances received on contracts in progress | 46 | - | €5,600 | +€5,600 | |
| Taxes, remuneration and social security | 45 | €23,651 | €9,467 | -€14,184 | -60.0% |
| Taxes | 450/3 | €23,651 | €9,467 | -€14,184 | -60.0% |
| Other amounts payable | 47/48 | €56,260 | €47,256 | -€9,004 | -16.0% |
| Non-recurring operating income | 76A | €115 | - | -€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,111 | €78,972 | +€35,861 | +83.2% |
| Other operating charges | 640/8 | €9,030 | €9,969 | +€940 | +10.4% |
| Gross operating margin | 9900 | €130,371 | €149,594 | +€19,223 | +14.7% |
| Operating profit (loss) | 9901 | €78,231 | €60,653 | -€17,578 | -22.5% |
| Financial income | 75/76B | €138,713 | €16,695 | -€122,018 | -88.0% |
| Recurring financial income | 75 | €75,582 | €16,695 | -€58,887 | -77.9% |
| Non-recurring financial income | 76B | €63,131 | - | -€63,131 | |
| Financial charges | 65/66B | €114,900 | €112,502 | -€2,398 | -2.1% |
| Recurring financial charges | 65 | €113,111 | €112,502 | -€609 | -0.5% |
| Non-recurring financial charges | 66B | €1,789 | - | -€1,789 | |
| Profit (loss) for the period before taxes | 9903 | €102,044 | -€35,154 | -€137,198 | |
| Income taxes | 67/77 | €23,187 | €723 | -€22,464 | -96.9% |
| Profit (loss) for the period | 9904 | €78,856 | -€35,878 | -€114,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,856 | -€35,878 | -€114,734 |
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 30 September 2026 via checked.be.