Xpert IMMO: 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.
Xpert IMMO
Largest movements
- Cash +€117,159
up €117,159 (+266%), from €44,099 to €161,259
mainly Other debts (+€125,000) and Net result for the year (+€111,994)
- Receivables within one year -€13,016
down €13,016 (-12.2%), from €106,804 to €93,789
of which Trade receivables: -€45,391
- Other debts +€125,000
new in 2025: €125,000
- Tax, wage and social debts -€19,802
down €19,802 (-15.8%), from €125,097 to €105,295
of which Remuneration and social security: -€17,924
- Profit (loss) carried forward -€13,006
down €13,006 (-24.6%), from €52,915 to €39,910
- Debts after one year +€7,016
new in 2025: €7,016
- Current portion of long-term debt +€4,511
new in 2025: €4,511
- Gross operating margin +€174,332
up €174,332 (+77.9%), from €223,883 to €398,215
- Taxes +€50,909
up €50,909 (+485%), from €10,488 to €61,396
- Write-downs +€26,498
new in 2025: €26,498
- Staff costs -€14,514
down €14,514 (-7.6%), from €190,238 to €175,725
- Other operating charges +€4,505
up €4,505 (+102%), from €4,422 to €8,927
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 | €190,412 | €295,427 | +€105,015 | +55.2% |
| Fixed assets | 21/28 | €35,795 | €35,928 | +€132 | +0.4% |
| Tangible fixed assets | 22/27 | €34,270 | €35,703 | +€1,432 | +4.2% |
| Plant, machinery and equipment | 23 | €25,363 | €22,793 | -€2,570 | -10.1% |
| Furniture and vehicles | 24 | €8,908 | €12,910 | +€4,002 | +44.9% |
| Financial fixed assets | 28 | €1,525 | €225 | -€1,300 | -85.2% |
| Current assets | 29/58 | €154,617 | €259,500 | +€104,883 | +67.8% |
| Amounts receivable within one year | 40/41 | €106,804 | €93,789 | -€13,016 | -12.2% |
| Trade receivables | 40 | €69,270 | €23,879 | -€45,391 | -65.5% |
| Other amounts receivable | 41 | €37,534 | €69,910 | +€32,376 | +86.3% |
| Cash at bank and in hand | 54/58 | €44,099 | €161,259 | +€117,159 | +266% |
| Deferred charges and accrued income | 490/1 | €3,714 | €4,452 | +€739 | +19.9% |
| Total equity and liabilities | 10/49 | €190,412 | €295,427 | +€105,015 | +55.2% |
| Equity | 10/15 | €65,315 | €52,310 | -€13,006 | -19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,915 | €39,910 | -€13,006 | -24.6% |
| Amounts payable | 17/49 | €125,097 | €243,118 | +€118,021 | +94.3% |
| Amounts payable after more than one year | 17 | - | €7,016 | +€7,016 | |
| Financial debts | 170/4 | - | €7,016 | +€7,016 | |
| Amounts payable within one year | 42/48 | €125,097 | €234,806 | +€109,709 | +87.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,511 | +€4,511 | |
| Taxes, remuneration and social security | 45 | €125,097 | €105,295 | -€19,802 | -15.8% |
| Taxes | 450/3 | €92,421 | €90,543 | -€1,878 | -2.0% |
| Remuneration and social security | 454/9 | €32,676 | €14,752 | -€17,924 | -54.9% |
| Other amounts payable | 47/48 | - | €125,000 | +€125,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,296 | +€1,296 | |
| Remuneration, social security and pensions | 62 | €190,238 | €175,725 | -€14,514 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,211 | €8,993 | +€783 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,498 | +€26,498 | |
| Other operating charges | 640/8 | €4,422 | €8,927 | +€4,505 | +102% |
| Gross operating margin | 9900 | €223,883 | €398,215 | +€174,332 | +77.9% |
| Operating profit (loss) | 9901 | €21,012 | €178,072 | +€157,060 | +747% |
| Financial income | 75/76B | €3 | €4 | +€1 | +34.3% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +34.3% |
| Financial charges | 65/66B | €7,127 | €4,686 | -€2,442 | -34.3% |
| Recurring financial charges | 65 | €7,127 | €4,686 | -€2,442 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €13,888 | €173,391 | +€159,502 | +1,148% |
| Income taxes | 67/77 | €10,488 | €61,396 | +€50,909 | +485% |
| Profit (loss) for the period | 9904 | €3,401 | €111,994 | +€108,594 | +3,193% |
| Profit (loss) for the period to be appropriated | 9905 | €3,401 | €111,994 | +€108,594 | +3,193% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.