Expertum: 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.
Expertum
Largest movements
- Cash -€4,477
down €4,477 (-79.4%), from €5,635 to €1,159
mainly Net result for the year (-€28,021) and Receivables within one year (-€170)
- Financial fixed assets -€2,562
no longer reported in 2025 (was €2,562)
- Receivables within one year +€170
up €170 (+2.7%), from €6,312 to €6,482
of which Other amounts receivable: +€170
- Profit (loss) carried forward -€28,021
down €28,021 (-8.9%), from -€314,747 to -€342,768
- Other debts +€21,129
up €21,129 (+7.6%), from €276,689 to €297,818
- Staff costs -€119,572
no longer reported in 2025 (was €119,572)
- Gross operating margin +€17,462
up €17,462 (+71.1%), from -€24,545 to -€7,082
- Write-downs -€14,198
no longer reported in 2025 (was €14,198)
- Taxes -€350
no longer reported in 2025 (was €350)
- Financial charges +€246
up €246 (+1.2%), from €20,227 to €20,473
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 | €14,510 | €7,641 | -€6,868 | -47.3% |
| Fixed assets | 21/28 | €2,562 | - | -€2,562 | |
| Financial fixed assets | 28 | €2,562 | - | -€2,562 | |
| Current assets | 29/58 | €11,948 | €7,641 | -€4,306 | -36.0% |
| Amounts receivable within one year | 40/41 | €6,312 | €6,482 | +€170 | +2.7% |
| Trade receivables | 40 | €1,975 | €1,975 | = | 0.0% |
| Other amounts receivable | 41 | €4,337 | €4,507 | +€170 | +3.9% |
| Cash at bank and in hand | 54/58 | €5,635 | €1,159 | -€4,477 | -79.4% |
| Total equity and liabilities | 10/49 | €14,510 | €7,641 | -€6,868 | -47.3% |
| Equity | 10/15 | -€264,747 | -€292,768 | -€28,021 | -10.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€314,747 | -€342,768 | -€28,021 | -8.9% |
| Amounts payable | 17/49 | €279,257 | €300,409 | +€21,152 | +7.6% |
| Amounts payable within one year | 42/48 | €279,257 | €300,409 | +€21,152 | +7.6% |
| Trade debts | 44 | €2,548 | €2,591 | +€43 | +1.7% |
| Suppliers | 440/4 | €2,548 | €2,591 | +€43 | +1.7% |
| Taxes, remuneration and social security | 45 | €19 | - | -€19 | |
| Remuneration and social security | 454/9 | €19 | - | -€19 | |
| Other amounts payable | 47/48 | €276,689 | €297,818 | +€21,129 | +7.6% |
| Remuneration, social security and pensions | 62 | €119,572 | - | -€119,572 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,198 | - | -€14,198 | |
| Other operating charges | 640/8 | €299 | €484 | +€185 | +61.9% |
| Gross operating margin | 9900 | -€24,545 | -€7,082 | +€17,462 | +71.1% |
| Operating profit (loss) | 9901 | -€158,614 | -€7,567 | +€151,047 | +95.2% |
| Financial income | 75/76B | €0 | €19 | +€19 | +97050.0% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +97050.0% |
| Financial charges | 65/66B | €20,227 | €20,473 | +€246 | +1.2% |
| Recurring financial charges | 65 | €20,227 | €20,473 | +€246 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€178,841 | -€28,021 | +€150,820 | +84.3% |
| Income taxes | 67/77 | €350 | - | -€350 | |
| Profit (loss) for the period | 9904 | -€179,191 | -€28,021 | +€151,170 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€179,191 | -€28,021 | +€151,170 | +84.4% |
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 3 October 2026 via checked.be.