EXPERTUZ: 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.
EXPERTUZ
Largest movements
- Cash +€63,556
up €63,556 (+16.8%), from €377,794 to €441,350
mainly Net result for the year (+€67,701) and Receivables within one year (+€57,507)
- Receivables within one year -€57,507
down €57,507 (-63.0%), from €91,215 to €33,708
of which Other amounts receivable: -€48,065
- Reserves +€5,001
up €5,001 (+1.1%), from €451,824 to €456,825
- Gross operating margin -€23,021
down €23,021 (-19.0%), from €121,433 to €98,412
- Taxes -€7,590
down €7,590 (-21.6%), from €35,101 to €27,511
- Financial income -€1,428
down €1,428 (-99.6%), from €1,434 to €6
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 | €478,667 | €482,272 | +€3,606 | +0.8% |
| Fixed assets | 21/28 | €9,658 | €7,214 | -€2,444 | -25.3% |
| Tangible fixed assets | 22/27 | €9,658 | €7,214 | -€2,444 | -25.3% |
| Land and buildings | 22 | €9,658 | €7,214 | -€2,444 | -25.3% |
| Current assets | 29/58 | €469,008 | €475,058 | +€6,050 | +1.3% |
| Amounts receivable within one year | 40/41 | €91,215 | €33,708 | -€57,507 | -63.0% |
| Trade receivables | 40 | €35,182 | €25,741 | -€9,441 | -26.8% |
| Other amounts receivable | 41 | €56,032 | €7,967 | -€48,065 | -85.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €377,794 | €441,350 | +€63,556 | +16.8% |
| Total equity and liabilities | 10/49 | €478,667 | €482,272 | +€3,606 | +0.8% |
| Equity | 10/15 | €452,024 | €457,025 | +€5,001 | +1.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €451,824 | €456,825 | +€5,001 | +1.1% |
| Distributable reserves | 133 | €451,824 | €456,825 | +€5,001 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,642 | €25,247 | -€1,395 | -5.2% |
| Amounts payable within one year | 42/48 | €26,642 | €25,247 | -€1,395 | -5.2% |
| Financial debts | 43 | €411 | €112 | -€299 | -72.7% |
| Credit institutions | 430/8 | €411 | €112 | -€299 | -72.7% |
| Trade debts | 44 | €667 | €152 | -€515 | -77.2% |
| Suppliers | 440/4 | €667 | €152 | -€515 | -77.2% |
| Taxes, remuneration and social security | 45 | €25,564 | €20,885 | -€4,680 | -18.3% |
| Taxes | 450/3 | €25,564 | €20,885 | -€4,680 | -18.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €4,098 | +€4,098 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,444 | €2,444 | = | 0.0% |
| Other operating charges | 640/8 | €764 | €674 | -€90 | -11.7% |
| Gross operating margin | 9900 | €121,433 | €98,412 | -€23,021 | -19.0% |
| Operating profit (loss) | 9901 | €118,225 | €95,293 | -€22,931 | -19.4% |
| Financial income | 75/76B | €1,434 | €6 | -€1,428 | -99.6% |
| Recurring financial income | 75 | €1,434 | €6 | -€1,428 | -99.6% |
| Financial charges | 65/66B | €227 | €87 | -€140 | -61.7% |
| Recurring financial charges | 65 | €227 | €87 | -€140 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €119,432 | €95,212 | -€24,220 | -20.3% |
| Income taxes | 67/77 | €35,101 | €27,511 | -€7,590 | -21.6% |
| Profit (loss) for the period | 9904 | €84,331 | €67,701 | -€16,629 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,331 | €67,701 | -€16,629 | -19.7% |
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 6 October 2026 via checked.be.