TEAM EXPERTS: 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.
TEAM EXPERTS
Largest movements
- Cash +€226,474
up €226,474 (+493.9%), from €45,858 to €272,332
mainly Net result for the year (+€117,552) and Tax, wage and social debts (+€49,813)
- Receivables within one year -€24,144
down €24,144 (-29.0%), from €83,300 to €59,157
of which Trade receivables: -€24,833
- Tangible fixed assets -€14,362
down €14,362 (-38.8%), from €37,055 to €22,693
of which Furniture and vehicles: -€13,264
- Profit (loss) carried forward +€117,552
up €117,552 (+188.0%), from €62,513 to €180,065
- Tax, wage and social debts +€49,813
up €49,813 (+118.1%), from €42,188 to €92,001
of which Taxes: +€44,506
- Trade debts +€29,909
up €29,909 (+290.1%), from €10,310 to €40,220
- Debts after one year -€10,055
down €10,055 (-41.8%), from €24,078 to €14,023
- Gross operating margin +€114,937
up €114,937 (+64.5%), from €178,090 to €293,027
- Staff costs +€41,276
up €41,276 (+51.4%), from €80,342 to €121,619
- Taxes +€19,132
up €19,132 (+106.2%), from €18,022 to €37,154
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 | €168,913 | €356,497 | +€187,584 | +111.1% |
| Fixed assets | 21/28 | €37,055 | €22,693 | -€14,362 | -38.8% |
| Tangible fixed assets | 22/27 | €37,055 | €22,693 | -€14,362 | -38.8% |
| Plant, machinery and equipment | 23 | €4,460 | €3,362 | -€1,098 | -24.6% |
| Furniture and vehicles | 24 | €32,595 | €19,331 | -€13,264 | -40.7% |
| Current assets | 29/58 | €131,858 | €333,804 | +€201,945 | +153.2% |
| Amounts receivable within one year | 40/41 | €83,300 | €59,157 | -€24,144 | -29.0% |
| Trade receivables | 40 | €83,292 | €58,459 | -€24,833 | -29.8% |
| Other amounts receivable | 41 | €8 | €698 | +€689 | +8214.7% |
| Cash at bank and in hand | 54/58 | €45,858 | €272,332 | +€226,474 | +493.9% |
| Deferred charges and accrued income | 490/1 | €2,699 | €2,314 | -€385 | -14.3% |
| Total equity and liabilities | 10/49 | €168,913 | €356,497 | +€187,584 | +111.1% |
| Equity | 10/15 | €82,513 | €200,065 | +€117,552 | +142.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,513 | €180,065 | +€117,552 | +188.0% |
| Amounts payable | 17/49 | €86,400 | €156,431 | +€70,031 | +81.1% |
| Amounts payable after more than one year | 17 | €24,078 | €14,023 | -€10,055 | -41.8% |
| Financial debts | 170/4 | €24,078 | €14,023 | -€10,055 | -41.8% |
| Amounts payable within one year | 42/48 | €62,322 | €142,409 | +€80,086 | +128.5% |
| Current portion of amounts payable after more than one year | 42 | €9,676 | €10,055 | +€379 | +3.9% |
| Trade debts | 44 | €10,310 | €40,220 | +€29,909 | +290.1% |
| Suppliers | 440/4 | €10,310 | €40,220 | +€29,909 | +290.1% |
| Taxes, remuneration and social security | 45 | €42,188 | €92,001 | +€49,813 | +118.1% |
| Taxes | 450/3 | €32,864 | €77,370 | +€44,506 | +135.4% |
| Remuneration and social security | 454/9 | €9,325 | €14,631 | +€5,306 | +56.9% |
| Other amounts payable | 47/48 | €148 | €133 | -€15 | -10.3% |
| Remuneration, social security and pensions | 62 | €80,342 | €121,619 | +€41,276 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,112 | €14,362 | +€250 | +1.8% |
| Other operating charges | 640/8 | €1,621 | €1,219 | -€402 | -24.8% |
| Gross operating margin | 9900 | €178,090 | €293,027 | +€114,937 | +64.5% |
| Operating profit (loss) | 9901 | €82,014 | €155,827 | +€73,812 | +90.0% |
| Financial income | 75/76B | €19 | €11 | -€8 | -44.4% |
| Recurring financial income | 75 | €19 | €11 | -€8 | -44.4% |
| Financial charges | 65/66B | €1,498 | €1,131 | -€367 | -24.5% |
| Recurring financial charges | 65 | €1,498 | €1,131 | -€367 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €80,535 | €154,706 | +€74,171 | +92.1% |
| Income taxes | 67/77 | €18,022 | €37,154 | +€19,132 | +106.2% |
| Profit (loss) for the period | 9904 | €62,513 | €117,552 | +€55,039 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,513 | €117,552 | +€55,039 | +88.0% |
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 2 October 2026 via checked.be.