Xpertease: 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.
Xpertease
Largest movements
- Receivables within one year +€186,269
up €186,269 (+149%), from €124,826 to €311,096
of which Trade receivables: +€206,027
- Cash -€41,033
down €41,033 (-30.4%), from €135,041 to €94,009
mainly Receivables within one year (-€186,269) and Debts after one year (-€111,251)
- Stocks and contracts +€40,000
up €40,000 (+65.6%), from €60,986 to €100,986
- Tangible fixed assets -€39,425
down €39,425 (-2.6%), from €1.5m to €1.5m
of which Furniture and vehicles: -€34,033
- Reserves +€210,619
up €210,619 (+37.0%), from €569,696 to €780,315
of which Distributable reserves: +€133,019
- Debts after one year -€111,251
down €111,251 (-21.5%), from €516,883 to €405,632
- Trade debts +€36,876
up €36,876 (+555%), from €6,639 to €43,515
- Other debts +€23,546
up €23,546 (+10.9%), from €215,251 to €238,797
- Gross operating margin +€65,434
up €65,434 (+17.2%), from €381,089 to €446,523
- Depreciation +€23,358
up €23,358 (+25.9%), from €90,254 to €113,612
- Taxes +€10,925
up €10,925 (+15.0%), from €72,947 to €83,872
- Other operating charges +€7,082
up €7,082 (+135%), from €5,229 to €12,311
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 | €1,833,033 | €1,982,693 | +€149,660 | +8.2% |
| Fixed assets | 21/28 | €1,505,361 | €1,465,936 | -€39,425 | -2.6% |
| Tangible fixed assets | 22/27 | €1,502,498 | €1,463,073 | -€39,425 | -2.6% |
| Land and buildings | 22 | €1,174,302 | €1,144,939 | -€29,363 | -2.5% |
| Plant, machinery and equipment | 23 | €26,214 | €27,592 | +€1,378 | +5.3% |
| Furniture and vehicles | 24 | €164,070 | €130,037 | -€34,033 | -20.7% |
| Other tangible fixed assets | 26 | €137,911 | €160,504 | +€22,593 | +16.4% |
| Financial fixed assets | 28 | €2,863 | €2,863 | = | 0.0% |
| Current assets | 29/58 | €327,672 | €516,757 | +€189,084 | +57.7% |
| Stocks and contracts in progress | 3 | €60,986 | €100,986 | +€40,000 | +65.6% |
| Stocks | 30/36 | €60,986 | €100,986 | +€40,000 | +65.6% |
| Amounts receivable within one year | 40/41 | €124,826 | €311,096 | +€186,269 | +149% |
| Trade receivables | 40 | €73,044 | €279,071 | +€206,027 | +282% |
| Other amounts receivable | 41 | €51,783 | €32,025 | -€19,757 | -38.2% |
| Cash at bank and in hand | 54/58 | €135,041 | €94,009 | -€41,033 | -30.4% |
| Deferred charges and accrued income | 490/1 | €6,819 | €10,667 | +€3,848 | +56.4% |
| Total equity and liabilities | 10/49 | €1,833,033 | €1,982,693 | +€149,660 | +8.2% |
| Equity | 10/15 | €879,696 | €1,090,315 | +€210,619 | +23.9% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €569,696 | €780,315 | +€210,619 | +37.0% |
| Non-distributable reserves | 130/1 | €6,600 | €0 | -€6,600 | -100% |
| Reserves not available under the articles | 1311 | €6,600 | €0 | -€6,600 | -100% |
| Tax-exempt reserves | 132 | €147,350 | €231,550 | +€84,200 | +57.1% |
| Distributable reserves | 133 | €415,746 | €548,765 | +€133,019 | +32.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €953,337 | €892,378 | -€60,959 | -6.4% |
| Amounts payable after more than one year | 17 | €516,883 | €405,632 | -€111,251 | -21.5% |
| Financial debts | 170/4 | €516,883 | €405,632 | -€111,251 | -21.5% |
| Amounts payable within one year | 42/48 | €415,353 | €470,893 | +€55,540 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €136,751 | €121,314 | -€15,437 | -11.3% |
| Trade debts | 44 | €6,639 | €43,515 | +€36,876 | +555% |
| Suppliers | 440/4 | €6,639 | €43,515 | +€36,876 | +555% |
| Taxes, remuneration and social security | 45 | €56,712 | €67,268 | +€10,555 | +18.6% |
| Taxes | 450/3 | €56,712 | €67,268 | +€10,555 | +18.6% |
| Other amounts payable | 47/48 | €215,251 | €238,797 | +€23,546 | +10.9% |
| Accrued charges and deferred income | 492/3 | €21,101 | €15,853 | -€5,248 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,254 | €113,612 | +€23,358 | +25.9% |
| Other operating charges | 640/8 | €5,229 | €12,311 | +€7,082 | +135% |
| Gross operating margin | 9900 | €381,089 | €446,523 | +€65,434 | +17.2% |
| Operating profit (loss) | 9901 | €285,606 | €320,600 | +€34,993 | +12.3% |
| Financial income | 75/76B | €79 | €2,552 | +€2,473 | +3,145% |
| Recurring financial income | 75 | €79 | €2,552 | +€2,473 | +3,145% |
| Financial charges | 65/66B | €32,195 | €28,661 | -€3,534 | -11.0% |
| Recurring financial charges | 65 | €32,195 | €28,661 | -€3,534 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €253,490 | €294,491 | +€41,001 | +16.2% |
| Income taxes | 67/77 | €72,947 | €83,872 | +€10,925 | +15.0% |
| Profit (loss) for the period | 9904 | €180,542 | €210,619 | +€30,077 | +16.7% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €84,200 | +€21,050 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,392 | €126,419 | +€9,027 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.