The Fair 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.
The Fair Experts
Largest movements
- Current investments -€1.0m
down €1.0m (-79.6%), from €1.3m to €256,250
- Cash +€916,268
up €916,268 (+475%), from €193,022 to €1.1m
mainly Current investments (+€1.0m) and Receivables within one year (+€238,860)
- Receivables within one year -€238,860
down €238,860 (-24.7%), from €967,687 to €728,826
of which Other amounts receivable: -€443,321
- Other debts -€344,546
down €344,546 (-100%), from €344,546 to €0
- Tax, wage and social debts -€64,275
down €64,275 (-63.9%), from €100,597 to €36,323
of which Taxes: -€63,218
- Trade debts +€40,909
up €40,909 (+395%), from €10,347 to €51,257
- Financial income -€1.1m
down €1.1m (-97.0%), from €1.2m to €35,685
- Gross operating margin +€273,475
up €273,475, from -€25,439 to €248,036
- Taxes -€77,312
down €77,312 (-96.7%), from €79,968 to €2,656
- Financial charges -€33,742
down €33,742 (-95.5%), from €35,344 to €1,602
of which Non-recurring financial charges: -€18,274
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 | €2,872,268 | €2,523,556 | -€348,712 | -12.1% |
| Fixed assets | 21/28 | €429,008 | €414,564 | -€14,444 | -3.4% |
| Tangible fixed assets | 22/27 | €138,600 | €120,031 | -€18,569 | -13.4% |
| Land and buildings | 22 | €124,248 | €108,268 | -€15,980 | -12.9% |
| Plant, machinery and equipment | 23 | €12,923 | €11,129 | -€1,794 | -13.9% |
| Furniture and vehicles | 24 | €1,430 | €634 | -€795 | -55.6% |
| Financial fixed assets | 28 | €290,408 | €294,533 | +€4,125 | +1.4% |
| Current assets | 29/58 | €2,443,260 | €2,108,992 | -€334,268 | -13.7% |
| Amounts receivable within one year | 40/41 | €967,687 | €728,826 | -€238,860 | -24.7% |
| Trade receivables | 40 | €178,581 | €383,041 | +€204,460 | +114% |
| Other amounts receivable | 41 | €789,106 | €345,785 | -€443,321 | -56.2% |
| Current investments | 50/53 | €1,256,253 | €256,250 | -€1.0m | -79.6% |
| Cash at bank and in hand | 54/58 | €193,022 | €1,109,290 | +€916,268 | +475% |
| Deferred charges and accrued income | 490/1 | €26,298 | €14,626 | -€11,673 | -44.4% |
| Total equity and liabilities | 10/49 | €2,872,268 | €2,523,556 | -€348,712 | -12.1% |
| Equity | 10/15 | €2,412,831 | €2,435,977 | +€23,146 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,350,831 | €2,373,977 | +€23,146 | +1.0% |
| Non-distributable reserves | 130/1 | €239,572 | €239,572 | = | 0.0% |
| Legal reserve | 130 | €37,887 | €37,887 | = | 0.0% |
| Own shares acquired | 1312 | €201,685 | €201,685 | = | 0.0% |
| Distributable reserves | 133 | €2,111,259 | €2,134,405 | +€23,146 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €459,438 | €87,579 | -€371,858 | -80.9% |
| Amounts payable within one year | 42/48 | €455,491 | €87,579 | -€367,912 | -80.8% |
| Trade debts | 44 | €10,347 | €51,257 | +€40,909 | +395% |
| Suppliers | 440/4 | €10,347 | €51,257 | +€40,909 | +395% |
| Taxes, remuneration and social security | 45 | €100,597 | €36,323 | -€64,275 | -63.9% |
| Taxes | 450/3 | €63,218 | €0 | -€63,218 | -100% |
| Remuneration and social security | 454/9 | €37,379 | €36,323 | -€1,056 | -2.8% |
| Other amounts payable | 47/48 | €344,546 | €0 | -€344,546 | -100% |
| Accrued charges and deferred income | 492/3 | €3,946 | €0 | -€3,946 | -100% |
| Remuneration, social security and pensions | 62 | €225,418 | €226,703 | +€1,285 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,128 | €18,569 | +€442 | +2.4% |
| Other operating charges | 640/8 | €9,330 | €11,044 | +€1,715 | +18.4% |
| Gross operating margin | 9900 | -€25,439 | €248,036 | +€273,475 | |
| Operating profit (loss) | 9901 | -€278,315 | -€8,281 | +€270,034 | +97.0% |
| Financial income | 75/76B | €1,183,123 | €35,685 | -€1.1m | -97.0% |
| Recurring financial income | 75 | €1,183,123 | €35,685 | -€1.1m | -97.0% |
| Financial charges | 65/66B | €35,344 | €1,602 | -€33,742 | -95.5% |
| Recurring financial charges | 65 | €17,071 | €1,602 | -€15,468 | -90.6% |
| Non-recurring financial charges | 66B | €18,274 | €0 | -€18,274 | -100% |
| Profit (loss) for the period before taxes | 9903 | €869,464 | €25,802 | -€843,662 | -97.0% |
| Income taxes | 67/77 | €79,968 | €2,656 | -€77,312 | -96.7% |
| Profit (loss) for the period | 9904 | €789,496 | €23,146 | -€766,350 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €789,496 | €23,146 | -€766,350 | -97.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.