EXPERTSELECT BELGIUM: 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.
EXPERTSELECT BELGIUM
Largest movements
- Receivables within one year +€24,875
up €24,875 (+744%), from €3,345 to €28,220
of which Trade receivables: +€28,212
- Cash -€1,316
down €1,316 (-16.7%), from €7,860 to €6,544
mainly Receivables within one year (-€24,875) and Trade debts (-€1,152)
- Profit (loss) carried forward +€24,597
up €24,597 (+39.7%), from -€61,909 to -€37,312
- Trade debts -€1,152
down €1,152 (-28.1%), from €4,101 to €2,949
- Gross operating margin +€25,476
up €25,476, from -€677 to €24,799
- Staff costs -€7,316
down €7,316 (-99.7%), from €7,341 to €24
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.
Derived cash bridge
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 | €11,275 | €34,763 | +€23,489 | +208% |
| Fixed assets | 21/28 | €70 | €0 | -€70 | -100% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €70 | €0 | -€70 | -100% |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €70 | €0 | -€70 | -100% |
| Current assets | 29/58 | €11,204 | €34,763 | +€23,559 | +210% |
| Amounts receivable within one year | 40/41 | €3,345 | €28,220 | +€24,875 | +744% |
| Trade receivables | 40 | - | €28,212 | +€28,212 | |
| Other amounts receivable | 41 | €3,345 | €7 | -€3,337 | -99.8% |
| Cash at bank and in hand | 54/58 | €7,860 | €6,544 | -€1,316 | -16.7% |
| Total equity and liabilities | 10/49 | €11,275 | €34,763 | +€23,489 | +208% |
| Equity | 10/15 | €6,672 | €31,269 | +€24,597 | +369% |
| Contributions | 10/11 | €65,004 | €65,004 | = | 0.0% |
| Capital | 10 | - | €65,004 | +€65,004 | |
| Issued capital | 100 | - | €65,004 | +€65,004 | |
| Reserves | 13 | €3,577 | €3,577 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,577 | €3,577 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,577 | €3,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,909 | -€37,312 | +€24,597 | +39.7% |
| Amounts payable | 17/49 | €4,602 | €3,494 | -€1,108 | -24.1% |
| Amounts payable within one year | 42/48 | €4,602 | €3,494 | -€1,108 | -24.1% |
| Trade debts | 44 | €4,101 | €2,949 | -€1,152 | -28.1% |
| Suppliers | 440/4 | €4,101 | €2,949 | -€1,152 | -28.1% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €501 | €545 | +€44 | +8.8% |
| Remuneration, social security and pensions | 62 | €7,341 | €24 | -€7,316 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186 | €70 | -€115 | -62.2% |
| Other operating charges | 640/8 | €136 | €45 | -€91 | -66.9% |
| Gross operating margin | 9900 | -€677 | €24,799 | +€25,476 | |
| Operating profit (loss) | 9901 | -€8,340 | €24,660 | +€32,999 | |
| Financial charges | 65/66B | €45 | €63 | +€18 | +40.3% |
| Recurring financial charges | 65 | €45 | €63 | +€18 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,385 | €24,597 | +€32,981 | |
| Profit (loss) for the period | 9904 | -€8,385 | €24,597 | +€32,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,385 | €24,597 | +€32,981 |
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 19 October 2026 via checked.be.