EXPERTWARE 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.
EXPERTWARE BELGIUM
Largest movements
- Receivables within one year -€94,418
down €94,418 (-16.8%), from €561,228 to €466,810
of which Other amounts receivable: -€49,926
- Cash -€50,785
down €50,785 (-25.3%), from €200,771 to €149,986
mainly Contributions, distributions and other (-€381,877) and Other debts (-€100,068)
- Other debts -€100,068
down €100,068 (-20.2%), from €494,562 to €394,494
- Short-term financial debts -€61,641
down €61,641 (-82.1%), from €75,112 to €13,471
- Trade debts +€42,317
up €42,317 (+62.6%), from €67,560 to €109,876
- Accrued charges and deferred income -€24,494
down €24,494 (-61.2%), from €40,009 to €15,515
- Gross operating margin -€130,573
down €130,573 (-19.8%), from €658,864 to €528,291
- Taxes -€28,741
down €28,741 (-17.2%), from €166,869 to €138,128
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 | €769,067 | €626,622 | -€142,445 | -18.5% |
| Fixed assets | 21/28 | €350 | €3,818 | +€3,468 | +991% |
| Tangible fixed assets | 22/27 | €0 | €3,468 | +€3,468 | |
| Furniture and vehicles | 24 | €0 | €3,468 | +€3,468 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €768,717 | €622,804 | -€145,914 | -19.0% |
| Amounts receivable within one year | 40/41 | €561,228 | €466,810 | -€94,418 | -16.8% |
| Trade receivables | 40 | €496,544 | €452,052 | -€44,492 | -9.0% |
| Other amounts receivable | 41 | €64,685 | €14,758 | -€49,926 | -77.2% |
| Cash at bank and in hand | 54/58 | €200,771 | €149,986 | -€50,785 | -25.3% |
| Deferred charges and accrued income | 490/1 | €6,718 | €6,007 | -€711 | -10.6% |
| Total equity and liabilities | 10/49 | €769,067 | €626,622 | -€142,445 | -18.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €750,467 | €608,022 | -€142,445 | -19.0% |
| Amounts payable within one year | 42/48 | €710,458 | €592,506 | -€117,952 | -16.6% |
| Financial debts | 43 | €75,112 | €13,471 | -€61,641 | -82.1% |
| Credit institutions | 430/8 | €75,112 | €13,471 | -€61,641 | -82.1% |
| Trade debts | 44 | €67,560 | €109,876 | +€42,317 | +62.6% |
| Suppliers | 440/4 | €67,560 | €109,876 | +€42,317 | +62.6% |
| Taxes, remuneration and social security | 45 | €73,224 | €74,665 | +€1,441 | +2.0% |
| Taxes | 450/3 | €66,869 | €74,665 | +€7,796 | +11.7% |
| Remuneration and social security | 454/9 | €6,355 | €0 | -€6,355 | -100% |
| Other amounts payable | 47/48 | €494,562 | €394,494 | -€100,068 | -20.2% |
| Accrued charges and deferred income | 492/3 | €40,009 | €15,515 | -€24,494 | -61.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335 | €16 | -€319 | -95.3% |
| Other operating charges | 640/8 | €4,725 | €4,508 | -€217 | -4.6% |
| Non-recurring operating charges | 66A | - | €720 | +€720 | |
| Gross operating margin | 9900 | €658,864 | €528,291 | -€130,573 | -19.8% |
| Operating profit (loss) | 9901 | €653,803 | €523,047 | -€130,757 | -20.0% |
| Financial income | 75/76B | €180 | €106 | -€74 | -41.3% |
| Recurring financial income | 75 | €180 | €106 | -€74 | -41.3% |
| Financial charges | 65/66B | €2,444 | €3,148 | +€704 | +28.8% |
| Recurring financial charges | 65 | €2,444 | €3,148 | +€704 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €651,540 | €520,005 | -€131,535 | -20.2% |
| Income taxes | 67/77 | €166,869 | €138,128 | -€28,741 | -17.2% |
| Profit (loss) for the period | 9904 | €484,671 | €381,877 | -€102,793 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €484,671 | €381,877 | -€102,793 | -21.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.