IT Experts: 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.
IT Experts
Largest movements
- Receivables within one year +€37,896
up €37,896 (+29.7%), from €127,464 to €165,360
of which Trade receivables: +€40,295
- Intangible fixed assets +€17,650
up €17,650 (+10.3%), from €171,665 to €189,315
- Tangible fixed assets -€16,937
down €16,937 (-5.2%), from €326,052 to €309,116
of which Land and buildings: -€21,516
- Stocks and contracts +€12,268
up €12,268 (+26.1%), from €47,032 to €59,300
of which Contracts in progress: +€7,800
- Trade debts +€51,767
up €51,767 (+32.8%), from €157,798 to €209,565
- Debts after one year -€24,710
down €24,710 (-9.8%), from €251,632 to €226,922
- Profit (loss) carried forward +€17,660
up €17,660 (+53.7%), from -€32,909 to -€15,249
- Short-term financial debts +€15,810
up €15,810 (+15.8%), from €99,875 to €115,686
- Tax, wage and social debts -€15,346
down €15,346 (-10.7%), from €142,893 to €127,548
of which Remuneration and social security: -€14,503
- Gross operating margin +€99,955
up €99,955 (+18.9%), from €527,588 to €627,542
- Financial income -€8,129
down €8,129 (-85.6%), from €9,501 to €1,372
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 | €701,326 | €748,528 | +€47,203 | +6.7% |
| Fixed assets | 21/28 | €497,967 | €498,681 | +€714 | +0.1% |
| Intangible fixed assets | 21 | €171,665 | €189,315 | +€17,650 | +10.3% |
| Tangible fixed assets | 22/27 | €326,052 | €309,116 | -€16,937 | -5.2% |
| Land and buildings | 22 | €324,181 | €302,664 | -€21,516 | -6.6% |
| Furniture and vehicles | 24 | €1,872 | €6,451 | +€4,579 | +244.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €203,358 | €249,847 | +€46,489 | +22.9% |
| Stocks and contracts in progress | 3 | €47,032 | €59,300 | +€12,268 | +26.1% |
| Stocks | 30/36 | €17,032 | €21,500 | +€4,468 | +26.2% |
| Contracts in progress | 37 | €30,000 | €37,800 | +€7,800 | +26.0% |
| Amounts receivable within one year | 40/41 | €127,464 | €165,360 | +€37,896 | +29.7% |
| Trade receivables | 40 | €124,978 | €165,272 | +€40,295 | +32.2% |
| Other amounts receivable | 41 | €2,487 | €87 | -€2,399 | -96.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,725 | €9,614 | -€5,111 | -34.7% |
| Deferred charges and accrued income | 490/1 | €14,137 | €15,574 | +€1,437 | +10.2% |
| Total equity and liabilities | 10/49 | €701,326 | €748,528 | +€47,203 | +6.7% |
| Equity | 10/15 | €24,120 | €41,780 | +€17,660 | +73.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,829 | €50,829 | = | 0.0% |
| Distributable reserves | 133 | €50,829 | €50,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,909 | -€15,249 | +€17,660 | +53.7% |
| Amounts payable | 17/49 | €677,205 | €706,748 | +€29,543 | +4.4% |
| Amounts payable after more than one year | 17 | €251,632 | €226,922 | -€24,710 | -9.8% |
| Financial debts | 170/4 | €251,632 | €226,922 | -€24,710 | -9.8% |
| Amounts payable within one year | 42/48 | €425,406 | €478,046 | +€52,639 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €24,273 | €24,710 | +€437 | +1.8% |
| Financial debts | 43 | €99,875 | €115,686 | +€15,810 | +15.8% |
| Credit institutions | 430/8 | €99,875 | €115,686 | +€15,810 | +15.8% |
| Trade debts | 44 | €157,798 | €209,565 | +€51,767 | +32.8% |
| Suppliers | 440/4 | €157,798 | €209,565 | +€51,767 | +32.8% |
| Taxes, remuneration and social security | 45 | €142,893 | €127,548 | -€15,346 | -10.7% |
| Taxes | 450/3 | €60,942 | €60,099 | -€843 | -1.4% |
| Remuneration and social security | 454/9 | €81,952 | €67,449 | -€14,503 | -17.7% |
| Other amounts payable | 47/48 | €567 | €537 | -€29 | -5.2% |
| Accrued charges and deferred income | 492/3 | €166 | €1,780 | +€1,613 | +969.2% |
| Non-recurring operating income | 76A | - | €505 | +€505 | |
| Remuneration, social security and pensions | 62 | €483,590 | €486,980 | +€3,390 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,037 | €78,931 | +€894 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,099 | €371 | -€1,728 | -82.3% |
| Other operating charges | 640/8 | €7,247 | €12,822 | +€5,574 | +76.9% |
| Gross operating margin | 9900 | €527,588 | €627,542 | +€99,955 | +18.9% |
| Operating profit (loss) | 9901 | -€43,386 | €48,438 | +€91,825 | |
| Financial income | 75/76B | €9,501 | €1,372 | -€8,129 | -85.6% |
| Recurring financial income | 75 | €9,501 | €1,372 | -€8,129 | -85.6% |
| Financial charges | 65/66B | €25,020 | €29,072 | +€4,052 | +16.2% |
| Recurring financial charges | 65 | €25,020 | €29,072 | +€4,052 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,905 | €20,739 | +€79,644 | |
| Income taxes | 67/77 | €551 | €3,079 | +€2,528 | +459.0% |
| Profit (loss) for the period | 9904 | -€59,456 | €17,660 | +€77,116 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,456 | €17,660 | +€77,116 |
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 10 October 2026 via checked.be.