M2 EXPERT: 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.
M2 EXPERT
Largest movements
- Tangible fixed assets -€29,283
no longer reported in 2025 (was €29,283)
- Cash +€444
new in 2025: €444
mainly Investment in fixed assets (net) (+€29,283) and Other debts (+€12,077)
- Debts after one year -€22,110
no longer reported in 2025 (was €22,110)
- Other debts +€12,077
up €12,077 (+78.5%), from €15,381 to €27,457
- Current portion of long-term debt -€8,110
no longer reported in 2025 (was €8,110)
- Tax, wage and social debts -€3,595
down €3,595 (-58.9%), from €6,107 to €2,512
of which Remuneration and social security: -€2,000
- Profit (loss) carried forward -€3,164
down €3,164 (-10.5%), from -€30,099 to -€33,263
- Depreciation -€8,592
no longer reported in 2025 (was €8,592)
- Other operating charges +€8,206
up €8,206 (+774.7%), from €1,059 to €9,265
- Gross operating margin +€7,591
up €7,591 (+981.4%), from €774 to €8,365
- Financial income +€550
up €550 (+2747950.0%), from €0 to €550
- Financial charges +€343
up €343 (+14.3%), from €2,405 to €2,748
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 | €30,557 | €1,706 | -€28,850 | -94.4% |
| Fixed assets | 21/28 | €29,283 | - | -€29,283 | |
| Tangible fixed assets | 22/27 | €29,283 | - | -€29,283 | |
| Furniture and vehicles | 24 | €29,283 | - | -€29,283 | |
| Current assets | 29/58 | €1,274 | €1,706 | +€432 | +33.9% |
| Amounts receivable within one year | 40/41 | €1,165 | €1,263 | +€98 | +8.4% |
| Trade receivables | 40 | €1,165 | €1,263 | +€98 | +8.4% |
| Cash at bank and in hand | 54/58 | - | €444 | +€444 | |
| Deferred charges and accrued income | 490/1 | €109 | - | -€109 | |
| Total equity and liabilities | 10/49 | €30,557 | €1,706 | -€28,850 | -94.4% |
| Equity | 10/15 | -€25,099 | -€28,263 | -€3,164 | -12.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,099 | -€33,263 | -€3,164 | -10.5% |
| Amounts payable | 17/49 | €55,656 | €29,970 | -€25,686 | -46.2% |
| Amounts payable after more than one year | 17 | €22,110 | - | -€22,110 | |
| Financial debts | 170/4 | €22,110 | - | -€22,110 | |
| Amounts payable within one year | 42/48 | €33,545 | €29,970 | -€3,576 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €8,110 | - | -€8,110 | |
| Financial debts | 43 | €1,832 | - | -€1,832 | |
| Credit institutions | 430/8 | €1,832 | - | -€1,832 | |
| Trade debts | 44 | €2,115 | - | -€2,115 | |
| Suppliers | 440/4 | €2,115 | - | -€2,115 | |
| Taxes, remuneration and social security | 45 | €6,107 | €2,512 | -€3,595 | -58.9% |
| Taxes | 450/3 | €4,107 | €2,512 | -€1,595 | -38.8% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €15,381 | €27,457 | +€12,077 | +78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,592 | - | -€8,592 | |
| Other operating charges | 640/8 | €1,059 | €9,265 | +€8,206 | +774.7% |
| Gross operating margin | 9900 | €774 | €8,365 | +€7,591 | +981.4% |
| Operating profit (loss) | 9901 | -€8,878 | -€900 | +€7,977 | +89.9% |
| Financial income | 75/76B | €0 | €550 | +€550 | +2747950.0% |
| Recurring financial income | 75 | €0 | €550 | +€550 | +2747950.0% |
| Financial charges | 65/66B | €2,405 | €2,748 | +€343 | +14.3% |
| Recurring financial charges | 65 | €2,405 | €2,748 | +€343 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,282 | -€3,099 | +€8,183 | +72.5% |
| Income taxes | 67/77 | €135 | €65 | -€70 | -51.7% |
| Profit (loss) for the period | 9904 | -€11,418 | -€3,164 | +€8,253 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,418 | -€3,164 | +€8,253 | +72.3% |
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.