EXPERTYM: 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.
EXPERTYM
Largest movements
- Intangible fixed assets +€122,101
up €122,101 (+99.5%), from €122,670 to €244,771
- Cash -€95,643
down €95,643 (-58.4%), from €163,748 to €68,106
mainly Investment in fixed assets (net) (-€179,892) and Trade debts (-€57,224)
- Receivables within one year -€69,709
down €69,709 (-40.5%), from €172,004 to €102,295
of which Other amounts receivable: -€47,036
- Deferred charges and accrued income +€19,654
up €19,654 (+5,684%), from €346 to €20,000
- Trade debts -€57,224
down €57,224 (-37.2%), from €153,723 to €96,499
- Reserves +€15,109
up €15,109 (+7.1%), from €213,443 to €228,552
of which Distributable reserves: +€15,109
- Tax, wage and social debts +€10,405
up €10,405 (+45.4%), from €22,924 to €33,329
of which Remuneration and social security: +€17,243
- Gross operating margin +€114,267
up €114,267 (+46.7%), from €244,918 to €359,185
- Staff costs +€87,316
up €87,316 (+53.3%), from €163,923 to €251,239
- Depreciation +€31,568
up €31,568 (+108%), from €29,346 to €60,914
- Financial income -€9,691
down €9,691 (-98.1%), from €9,875 to €184
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 | €478,528 | €451,808 | -€26,720 | -5.6% |
| Fixed assets | 21/28 | €142,430 | €261,408 | +€118,978 | +83.5% |
| Intangible fixed assets | 21 | €122,670 | €244,771 | +€122,101 | +99.5% |
| Tangible fixed assets | 22/27 | €19,010 | €15,887 | -€3,123 | -16.4% |
| Furniture and vehicles | 24 | €19,010 | €15,887 | -€3,123 | -16.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €336,098 | €190,400 | -€145,698 | -43.3% |
| Amounts receivable within one year | 40/41 | €172,004 | €102,295 | -€69,709 | -40.5% |
| Trade receivables | 40 | €96,253 | €73,579 | -€22,674 | -23.6% |
| Other amounts receivable | 41 | €75,751 | €28,716 | -€47,036 | -62.1% |
| Cash at bank and in hand | 54/58 | €163,748 | €68,106 | -€95,643 | -58.4% |
| Deferred charges and accrued income | 490/1 | €346 | €20,000 | +€19,654 | +5,684% |
| Total equity and liabilities | 10/49 | €478,528 | €451,808 | -€26,720 | -5.6% |
| Equity | 10/15 | €219,643 | €234,752 | +€15,109 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,443 | €228,552 | +€15,109 | +7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €211,583 | €226,692 | +€15,109 | +7.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €258,885 | €217,056 | -€41,828 | -16.2% |
| Amounts payable after more than one year | 17 | €40,390 | €43,574 | +€3,185 | +7.9% |
| Financial debts | 170/4 | €40,390 | €43,574 | +€3,185 | +7.9% |
| Amounts payable within one year | 42/48 | €218,495 | €173,482 | -€45,013 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €39,453 | €39,815 | +€362 | +0.9% |
| Financial debts | 43 | €2,395 | €3,839 | +€1,443 | +60.3% |
| Credit institutions | 430/8 | €2,395 | €3,839 | +€1,443 | +60.3% |
| Trade debts | 44 | €153,723 | €96,499 | -€57,224 | -37.2% |
| Suppliers | 440/4 | €153,723 | €96,499 | -€57,224 | -37.2% |
| Taxes, remuneration and social security | 45 | €22,924 | €33,329 | +€10,405 | +45.4% |
| Taxes | 450/3 | €21,245 | €14,407 | -€6,838 | -32.2% |
| Remuneration and social security | 454/9 | €1,679 | €18,922 | +€17,243 | +1,027% |
| Remuneration, social security and pensions | 62 | €163,923 | €251,239 | +€87,316 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,346 | €60,914 | +€31,568 | +108% |
| Other operating charges | 640/8 | €1,346 | €3,949 | +€2,604 | +194% |
| Gross operating margin | 9900 | €244,918 | €359,185 | +€114,267 | +46.7% |
| Operating profit (loss) | 9901 | €50,303 | €43,083 | -€7,220 | -14.4% |
| Financial income | 75/76B | €9,875 | €184 | -€9,691 | -98.1% |
| Recurring financial income | 75 | €9,875 | €184 | -€9,691 | -98.1% |
| Financial charges | 65/66B | €11,108 | €14,601 | +€3,493 | +31.4% |
| Recurring financial charges | 65 | €11,108 | €14,601 | +€3,493 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €49,070 | €28,666 | -€20,404 | -41.6% |
| Income taxes | 67/77 | €15,502 | €13,557 | -€1,945 | -12.5% |
| Profit (loss) for the period | 9904 | €33,568 | €15,109 | -€18,459 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,568 | €15,109 | -€18,459 | -55.0% |
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 27 October 2026 via checked.be.