Experus: 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.
Experus
Largest movements
- Tangible fixed assets +€10,183
up €10,183 (+62.0%), from €16,416 to €26,599
of which Other tangible fixed assets: +€16,970
- Cash -€7,516
down €7,516 (-40.3%), from €18,649 to €11,132
mainly Investment in fixed assets (net) (-€22,879) and Contributions, distributions and other (-€17,068)
- Receivables within one year +€947
up €947 (+5.7%), from €16,565 to €17,512
of which Other amounts receivable: +€673
- Other debts +€3,486
up €3,486 (+138%), from €2,530 to €6,017
- Depreciation +€7,391
up €7,391 (+139%), from €5,305 to €12,696
- Taxes -€3,856
down €3,856 (-44.8%), from €8,599 to €4,743
- Gross operating margin +€371
up €371 (+1.1%), from €34,672 to €35,043
- Other operating charges -€363
down €363 (-40.5%), from €896 to €534
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 | €51,629 | €55,243 | +€3,614 | +7.0% |
| Fixed assets | 21/28 | €16,416 | €26,599 | +€10,183 | +62.0% |
| Tangible fixed assets | 22/27 | €16,416 | €26,599 | +€10,183 | +62.0% |
| Plant, machinery and equipment | 23 | - | €1,842 | +€1,842 | |
| Furniture and vehicles | 24 | €16,416 | €7,787 | -€8,629 | -52.6% |
| Other tangible fixed assets | 26 | - | €16,970 | +€16,970 | |
| Current assets | 29/58 | €35,213 | €28,644 | -€6,570 | -18.7% |
| Amounts receivable within one year | 40/41 | €16,565 | €17,512 | +€947 | +5.7% |
| Trade receivables | 40 | €10,164 | €10,438 | +€274 | +2.7% |
| Other amounts receivable | 41 | €6,401 | €7,073 | +€673 | +10.5% |
| Cash at bank and in hand | 54/58 | €18,649 | €11,132 | -€7,516 | -40.3% |
| Total equity and liabilities | 10/49 | €51,629 | €55,243 | +€3,614 | +7.0% |
| Equity | 10/15 | €46,493 | €46,493 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €45,993 | €45,993 | = | 0.0% |
| Distributable reserves | 133 | €45,993 | €45,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,136 | €8,750 | +€3,614 | +70.4% |
| Amounts payable within one year | 42/48 | €5,136 | €8,750 | +€3,614 | +70.4% |
| Trade debts | 44 | €2,240 | €2,733 | +€493 | +22.0% |
| Suppliers | 440/4 | €2,240 | €2,733 | +€493 | +22.0% |
| Taxes, remuneration and social security | 45 | €365 | €0 | -€365 | -100% |
| Taxes | 450/3 | €365 | €0 | -€365 | -100% |
| Other amounts payable | 47/48 | €2,530 | €6,017 | +€3,486 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,305 | €12,696 | +€7,391 | +139% |
| Other operating charges | 640/8 | €896 | €534 | -€363 | -40.5% |
| Gross operating margin | 9900 | €34,672 | €35,043 | +€371 | +1.1% |
| Operating profit (loss) | 9901 | €28,470 | €21,813 | -€6,657 | -23.4% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €55 | €8 | -€47 | -86.1% |
| Recurring financial charges | 65 | €55 | €8 | -€47 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €28,415 | €21,811 | -€6,604 | -23.2% |
| Income taxes | 67/77 | €8,599 | €4,743 | -€3,856 | -44.8% |
| Profit (loss) for the period | 9904 | €19,816 | €17,068 | -€2,748 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,816 | €17,068 | -€2,748 | -13.9% |
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 25 October 2026 via checked.be.