Tender Expert 2.0: 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.
Tender Expert 2.0
Largest movements
- Receivables within one year +€39,775
up €39,775 (+18.3%), from €217,606 to €257,381
of which Trade receivables: +€35,143
- Cash -€21,010
down €21,010 (-6.8%), from €308,375 to €287,366
mainly Contributions, distributions and other (-€75,000) and Tax, wage and social debts (-€58,379)
- Financial fixed assets +€12,980
up €12,980 (+48.6%), from €26,690 to €39,670
- Tangible fixed assets -€11,288
down €11,288 (-61.1%), from €18,472 to €7,184
of which Furniture and vehicles: -€11,288
- Tax, wage and social debts -€58,379
down €58,379 (-27.1%), from €215,384 to €157,005
of which Taxes: -€35,225
- Reserves +€54,981
up €54,981 (+20.1%), from €273,834 to €328,814
- Trade debts +€49,270
up €49,270 (+95.7%), from €51,468 to €100,737
- Accrued charges and deferred income -€29,521
down €29,521 (-37.0%), from €79,818 to €50,297
- Staff costs +€16,371
up €16,371 (+3.1%), from €523,088 to €539,459
- Depreciation -€13,349
down €13,349 (-96.4%), from €13,842 to €493
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.
Derived cash bridge
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 | €649,017 | €669,843 | +€20,826 | +3.2% |
| Formation expenses | 20 | €76 | €0 | -€76 | -100% |
| Fixed assets | 21/28 | €45,162 | €46,854 | +€1,692 | +3.7% |
| Tangible fixed assets | 22/27 | €18,472 | €7,184 | -€11,288 | -61.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,472 | €7,184 | -€11,288 | -61.1% |
| Financial fixed assets | 28 | €26,690 | €39,670 | +€12,980 | +48.6% |
| Current assets | 29/58 | €603,779 | €622,990 | +€19,210 | +3.2% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Trade receivables | 290 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €217,606 | €257,381 | +€39,775 | +18.3% |
| Trade receivables | 40 | €208,566 | €243,709 | +€35,143 | +16.8% |
| Other amounts receivable | 41 | €9,040 | €13,672 | +€4,632 | +51.2% |
| Cash at bank and in hand | 54/58 | €308,375 | €287,366 | -€21,010 | -6.8% |
| Deferred charges and accrued income | 490/1 | €7,798 | €8,243 | +€445 | +5.7% |
| Total equity and liabilities | 10/49 | €649,017 | €669,843 | +€20,826 | +3.2% |
| Equity | 10/15 | €298,834 | €353,814 | +€54,981 | +18.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €273,834 | €328,814 | +€54,981 | +20.1% |
| Distributable reserves | 133 | €273,834 | €328,814 | +€54,981 | +20.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €350,184 | €316,029 | -€34,154 | -9.8% |
| Amounts payable within one year | 42/48 | €270,365 | €265,732 | -€4,633 | -1.7% |
| Trade debts | 44 | €51,468 | €100,737 | +€49,270 | +95.7% |
| Suppliers | 440/4 | €51,468 | €100,737 | +€49,270 | +95.7% |
| Taxes, remuneration and social security | 45 | €215,384 | €157,005 | -€58,379 | -27.1% |
| Taxes | 450/3 | €119,160 | €83,935 | -€35,225 | -29.6% |
| Remuneration and social security | 454/9 | €96,223 | €73,069 | -€23,154 | -24.1% |
| Other amounts payable | 47/48 | €3,514 | €7,990 | +€4,476 | +127% |
| Accrued charges and deferred income | 492/3 | €79,818 | €50,297 | -€29,521 | -37.0% |
| Remuneration, social security and pensions | 62 | €523,088 | €539,459 | +€16,371 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,842 | €493 | -€13,349 | -96.4% |
| Other operating charges | 640/8 | €1,874 | €6,865 | +€4,991 | +266% |
| Gross operating margin | 9900 | €724,303 | €726,717 | +€2,415 | +0.3% |
| Operating profit (loss) | 9901 | €185,498 | €179,900 | -€5,598 | -3.0% |
| Financial income | 75/76B | €4,504 | €3,432 | -€1,071 | -23.8% |
| Recurring financial income | 75 | €4,504 | €3,432 | -€1,071 | -23.8% |
| Financial charges | 65/66B | €6,862 | €7,478 | +€616 | +9.0% |
| Recurring financial charges | 65 | €6,862 | €7,478 | +€616 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €183,140 | €175,854 | -€7,285 | -4.0% |
| Income taxes | 67/77 | €51,513 | €45,874 | -€5,639 | -10.9% |
| Profit (loss) for the period | 9904 | €131,627 | €129,981 | -€1,646 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €131,627 | €129,981 | -€1,646 | -1.3% |
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 26 October 2026 via checked.be.