EXPERZA: 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.
EXPERZA
Largest movements
- Receivables within one year +€357,039
up €357,039 (+51.1%), from €698,270 to €1.1m
of which Trade receivables: +€194,937
- Cash -€223,144
down €223,144 (-51.5%), from €433,441 to €210,297
mainly Receivables within one year (-€357,039) and Investment in fixed assets (net) (-€58,232)
- Deferred charges and accrued income -€21,968
down €21,968 (-48.9%), from €44,924 to €22,956
- Intangible fixed assets +€14,761
new in 2025: €14,761
- Tangible fixed assets +€13,994
up €13,994 (+21.2%), from €66,125 to €80,119
of which Other tangible fixed assets: +€21,483
- Short-term financial debts +€187,915
up €187,915 (+79.6%), from €236,181 to €424,096
- Tax, wage and social debts +€48,303
up €48,303 (+9.7%), from €497,657 to €545,960
of which Remuneration and social security: +€36,930
- Accrued charges and deferred income -€47,901
down €47,901 (-100.0%), from €47,901 to €0
- Other debts -€43,484
down €43,484 (-100.0%), from €43,484 to €0
- Trade debts -€38,205
down €38,205 (-74.3%), from €51,413 to €13,207
- Gross operating margin +€5.0m
up €5.0m (+1079.1%), from €459,505 to €5.4m
- Staff costs +€4.9m
up €4.9m (+1467.3%), from €336,655 to €5.3m
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 | €1,248,077 | €1,388,378 | +€140,301 | +11.2% |
| Fixed assets | 21/28 | €71,442 | €99,816 | +€28,374 | +39.7% |
| Intangible fixed assets | 21 | - | €14,761 | +€14,761 | |
| Tangible fixed assets | 22/27 | €66,125 | €80,119 | +€13,994 | +21.2% |
| Land and buildings | 22 | €53,688 | €32,300 | -€21,388 | -39.8% |
| Plant, machinery and equipment | 23 | €1,434 | €867 | -€567 | -39.6% |
| Furniture and vehicles | 24 | €11,003 | €25,469 | +€14,466 | +131.5% |
| Other tangible fixed assets | 26 | - | €21,483 | +€21,483 | |
| Financial fixed assets | 28 | €5,317 | €4,937 | -€380 | -7.1% |
| Current assets | 29/58 | €1,176,635 | €1,288,562 | +€111,927 | +9.5% |
| Amounts receivable within one year | 40/41 | €698,270 | €1,055,309 | +€357,039 | +51.1% |
| Trade receivables | 40 | €674,173 | €869,110 | +€194,937 | +28.9% |
| Other amounts receivable | 41 | €24,097 | €186,199 | +€162,102 | +672.7% |
| Cash at bank and in hand | 54/58 | €433,441 | €210,297 | -€223,144 | -51.5% |
| Deferred charges and accrued income | 490/1 | €44,924 | €22,956 | -€21,968 | -48.9% |
| Total equity and liabilities | 10/49 | €1,248,077 | €1,388,378 | +€140,301 | +11.2% |
| Equity | 10/15 | €371,441 | €405,114 | +€33,673 | +9.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €331,441 | €365,114 | +€33,673 | +10.2% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €327,441 | €361,114 | +€33,673 | +10.3% |
| Amounts payable | 17/49 | €876,636 | €983,264 | +€106,628 | +12.2% |
| Amounts payable within one year | 42/48 | €828,735 | €983,264 | +€154,529 | +18.6% |
| Financial debts | 43 | €236,181 | €424,096 | +€187,915 | +79.6% |
| Credit institutions | 430/8 | €236,181 | €424,096 | +€187,915 | +79.6% |
| Trade debts | 44 | €51,413 | €13,207 | -€38,205 | -74.3% |
| Suppliers | 440/4 | €51,413 | €13,207 | -€38,205 | -74.3% |
| Taxes, remuneration and social security | 45 | €497,657 | €545,960 | +€48,303 | +9.7% |
| Taxes | 450/3 | €128,766 | €140,140 | +€11,373 | +8.8% |
| Remuneration and social security | 454/9 | €368,891 | €405,821 | +€36,930 | +10.0% |
| Other amounts payable | 47/48 | €43,484 | €0 | -€43,484 | -100.0% |
| Accrued charges and deferred income | 492/3 | €47,901 | €0 | -€47,901 | -100.0% |
| Non-recurring operating income | 76A | €9,918 | €7,337 | -€2,580 | -26.0% |
| Remuneration, social security and pensions | 62 | €336,655 | €5,276,293 | +€4.9m | +1467.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,727 | €29,857 | -€13,869 | -31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,593 | -€1,274 | +€13,319 | +91.3% |
| Other operating charges | 640/8 | €21,653 | €7,638 | -€14,015 | -64.7% |
| Non-recurring operating charges | 66A | €41,134 | €0 | -€41,134 | -100.0% |
| Gross operating margin | 9900 | €459,505 | €5,418,041 | +€5.0m | +1079.1% |
| Operating profit (loss) | 9901 | €30,929 | €105,528 | +€74,598 | +241.2% |
| Financial income | 75/76B | €1,427 | €1,098 | -€329 | -23.0% |
| Recurring financial income | 75 | €1,427 | €1,098 | -€329 | -23.0% |
| Financial charges | 65/66B | €39,785 | €21,953 | -€17,832 | -44.8% |
| Recurring financial charges | 65 | €39,785 | €21,953 | -€17,832 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,429 | €84,673 | +€92,102 | |
| Income taxes | 67/77 | €11,250 | €51,000 | +€39,751 | +353.4% |
| Profit (loss) for the period | 9904 | -€18,678 | €33,673 | +€52,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,678 | €33,673 | +€52,352 |
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 8 October 2026 via checked.be.