N-EXPERTISE: 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.
N-EXPERTISE
Largest movements
- Cash -€16,472
down €16,472 (-56.4%), from €29,217 to €12,745
mainly Contributions, distributions and other (-€30,226) and Investment in fixed assets (net) (-€11,857)
- Tangible fixed assets +€8,630
up €8,630 (+611.2%), from €1,412 to €10,042
of which Furniture and vehicles: +€6,743
- Receivables within one year +€4,509
up €4,509 (+35.2%), from €12,795 to €17,304
of which Other amounts receivable: +€11,732
- Reserves -€12,902
down €12,902 (-42.7%), from €30,226 to €17,324
- Other debts +€11,257
up €11,257 (+59.3%), from €18,969 to €30,226
- Tax, wage and social debts -€1,271
down €1,271 (-21.3%), from €5,955 to €4,684
of which Remuneration and social security: -€1,512
- Depreciation +€2,623
up €2,623 (+434.5%), from €604 to €3,227
- Financial income +€738
up €738 (+29.8%), from €2,477 to €3,215
- Taxes -€719
down €719 (-12.9%), from €5,565 to €4,846
- Financial charges +€655
up €655 (+96.9%), from €676 to €1,332
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 | €58,094 | €55,190 | -€2,904 | -5.0% |
| Fixed assets | 21/28 | €2,037 | €10,667 | +€8,630 | +423.6% |
| Tangible fixed assets | 22/27 | €1,412 | €10,042 | +€8,630 | +611.2% |
| Furniture and vehicles | 24 | €696 | €7,439 | +€6,743 | +969.2% |
| Other tangible fixed assets | 26 | €716 | €2,603 | +€1,887 | +263.4% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €56,057 | €44,523 | -€11,533 | -20.6% |
| Amounts receivable after more than one year | 29 | €13,130 | €13,130 | = | 0.0% |
| Other amounts receivable | 291 | €13,130 | €13,130 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,795 | €17,304 | +€4,509 | +35.2% |
| Trade receivables | 40 | €7,223 | - | -€7,223 | |
| Other amounts receivable | 41 | €5,572 | €17,304 | +€11,732 | +210.6% |
| Cash at bank and in hand | 54/58 | €29,217 | €12,745 | -€16,472 | -56.4% |
| Deferred charges and accrued income | 490/1 | €915 | €1,344 | +€430 | +47.0% |
| Total equity and liabilities | 10/49 | €58,094 | €55,190 | -€2,904 | -5.0% |
| Equity | 10/15 | €32,226 | €19,324 | -€12,902 | -40.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,226 | €17,324 | -€12,902 | -42.7% |
| Distributable reserves | 133 | €30,226 | €17,324 | -€12,902 | -42.7% |
| Amounts payable | 17/49 | €25,868 | €35,866 | +€9,998 | +38.7% |
| Amounts payable within one year | 42/48 | €25,650 | €35,666 | +€10,016 | +39.0% |
| Financial debts | 43 | €583 | €595 | +€12 | +2.0% |
| Credit institutions | 430/8 | €583 | €595 | +€12 | +2.0% |
| Trade debts | 44 | €143 | €162 | +€19 | +13.1% |
| Suppliers | 440/4 | €143 | €162 | +€19 | +13.1% |
| Taxes, remuneration and social security | 45 | €5,955 | €4,684 | -€1,271 | -21.3% |
| Taxes | 450/3 | €4,443 | €4,684 | +€241 | +5.4% |
| Remuneration and social security | 454/9 | €1,512 | - | -€1,512 | |
| Other amounts payable | 47/48 | €18,969 | €30,226 | +€11,257 | +59.3% |
| Accrued charges and deferred income | 492/3 | €217 | €200 | -€18 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604 | €3,227 | +€2,623 | +434.5% |
| Gross operating margin | 9900 | €23,337 | €23,513 | +€176 | +0.8% |
| Operating profit (loss) | 9901 | €22,733 | €20,286 | -€2,447 | -10.8% |
| Financial income | 75/76B | €2,477 | €3,215 | +€738 | +29.8% |
| Recurring financial income | 75 | €2,477 | €3,215 | +€738 | +29.8% |
| Financial charges | 65/66B | €676 | €1,332 | +€655 | +96.9% |
| Recurring financial charges | 65 | €676 | €1,332 | +€655 | +96.9% |
| Profit (loss) for the period before taxes | 9903 | €24,534 | €22,169 | -€2,364 | -9.6% |
| Income taxes | 67/77 | €5,565 | €4,846 | -€719 | -12.9% |
| Profit (loss) for the period | 9904 | €18,969 | €17,324 | -€1,645 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,969 | €17,324 | -€1,645 | -8.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.