Xpert Solutions: what changed
Xpert Solutions
Largest movements
- Cash +€55,949
up €55,949 (+45.0%), from €124,318 to €180,267
mainly Net result for the year (+€77,028) and Short-term financial debts (+€5,629)
- Receivables within one year +€25,326
up €25,326 (+16.0%), from €158,255 to €183,581
of which Other amounts receivable: +€22,639
- Deferred charges and accrued income -€4,875
down €4,875 (-91.1%), from €5,350 to €475
- Reserves +€77,000
up €77,000 (+50.7%), from €151,860 to €228,860
of which Distributable reserves: +€77,000
- Short-term financial debts +€5,629
up €5,629 (+114%), from €4,944 to €10,573
- Gross operating margin +€26,641
up €26,641 (+30.9%), from €86,084 to €112,725
- Taxes +€6,311
up €6,311 (+42.7%), from €14,777 to €21,088
- Financial charges +€2,976
up €2,976 (+33.4%), from €8,903 to €11,880
- Depreciation -€1,504
down €1,504 (-30.9%), from €4,864 to €3,361
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,504 | €374,981 | +€79,477 | +26.9% |
| Fixed assets | 21/28 | €7,582 | €10,659 | +€3,077 | +40.6% |
| Tangible fixed assets | 22/27 | €7,582 | €10,659 | +€3,077 | +40.6% |
| Plant, machinery and equipment | 23 | €6,973 | €10,416 | +€3,443 | +49.4% |
| Furniture and vehicles | 24 | €609 | €243 | -€366 | -60.1% |
| Current assets | 29/58 | €287,922 | €364,323 | +€76,401 | +26.5% |
| Amounts receivable within one year | 40/41 | €158,255 | €183,581 | +€25,326 | +16.0% |
| Trade receivables | 40 | €44,594 | €47,282 | +€2,688 | +6.0% |
| Other amounts receivable | 41 | €113,660 | €136,299 | +€22,639 | +19.9% |
| Cash at bank and in hand | 54/58 | €124,318 | €180,267 | +€55,949 | +45.0% |
| Deferred charges and accrued income | 490/1 | €5,350 | €475 | -€4,875 | -91.1% |
| Total equity and liabilities | 10/49 | €295,504 | €374,981 | +€79,477 | +26.9% |
| Equity | 10/15 | €164,449 | €241,477 | +€77,028 | +46.8% |
| Contributions | 10/11 | €12,413 | €12,413 | = | 0.0% |
| Reserves | 13 | €151,860 | €228,860 | +€77,000 | +50.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €227,000 | +€77,000 | +51.3% |
| Profit (loss) carried forward | 14 | €176 | €204 | +€28 | +15.7% |
| Amounts payable | 17/49 | €131,055 | €133,505 | +€2,450 | +1.9% |
| Amounts payable within one year | 42/48 | €131,055 | €133,505 | +€2,450 | +1.9% |
| Financial debts | 43 | €4,944 | €10,573 | +€5,629 | +114% |
| Credit institutions | 430/8 | €4,944 | €10,573 | +€5,629 | +114% |
| Trade debts | 44 | €7,471 | €5,663 | -€1,808 | -24.2% |
| Suppliers | 440/4 | €7,471 | €5,663 | -€1,808 | -24.2% |
| Advances received on contracts in progress | 46 | €85 | €0 | -€85 | -100% |
| Taxes, remuneration and social security | 45 | €17,692 | €14,145 | -€3,547 | -20.0% |
| Taxes | 450/3 | €15,692 | €12,145 | -€3,547 | -22.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €100,864 | €103,124 | +€2,260 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,864 | €3,361 | -€1,504 | -30.9% |
| Other operating charges | 640/8 | €821 | €182 | -€639 | -77.9% |
| Gross operating margin | 9900 | €86,084 | €112,725 | +€26,641 | +30.9% |
| Operating profit (loss) | 9901 | €80,399 | €109,182 | +€28,784 | +35.8% |
| Financial income | 75/76B | €579 | €812 | +€233 | +40.2% |
| Recurring financial income | 75 | €579 | €812 | +€233 | +40.2% |
| Financial charges | 65/66B | €8,903 | €11,880 | +€2,976 | +33.4% |
| Recurring financial charges | 65 | €8,903 | €11,880 | +€2,976 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €72,075 | €98,115 | +€26,040 | +36.1% |
| Income taxes | 67/77 | €14,777 | €21,088 | +€6,311 | +42.7% |
| Profit (loss) for the period | 9904 | €57,298 | €77,028 | +€19,730 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,298 | €77,028 | +€19,730 | +34.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.