XPERTEO: what changed
Two fiscal 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.
XPERTEO
Largest movements
- Cash +€1.3m
up €1.3m (+14666952.2%), from €9 to €1.3m
mainly Investment in fixed assets (net) (+€700,000) and Trade debts (+€451,866)
- Financial fixed assets -€700,000
no longer reported in 2025 (was €700,000)
- Deferred charges and accrued income +€31,958
new in 2025: €31,958
- Trade debts +€451,866
up €451,866 (+759.9%), from €59,464 to €511,330
- Other debts +€112,326
up €112,326 (+25.2%), from €444,956 to €557,281
- Tax, wage and social debts +€56,371
up €56,371 (+1130.2%), from €4,988 to €61,358
- Current portion of long-term debt -€44,000
no longer reported in 2025 (was €44,000)
- Financial income +€269,926
new in 2025: €269,926
of which Financial income: +€269,926
- Taxes +€64,951
up €64,951 (+258.2%), from €25,159 to €90,110
- Gross operating margin +€29,364
up €29,364 (+36.7%), from €79,971 to €109,334
- Financial charges +€20,341
up €20,341 (+11474.6%), from €177 to €20,518
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.
Cash bridge derived
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 | €709,310 | €1,286,026 | +€576,715 | +81.3% |
| Fixed assets | 21/28 | €700,000 | - | -€700,000 | |
| Financial fixed assets | 28 | €700,000 | - | -€700,000 | |
| Current assets | 29/58 | €9,310 | €1,286,026 | +€1.3m | +13713.2% |
| Amounts receivable within one year | 40/41 | €9,302 | €34 | -€9,267 | -99.6% |
| Trade receivables | 40 | €9,302 | - | -€9,302 | |
| Other amounts receivable | 41 | - | €34 | +€34 | |
| Cash at bank and in hand | 54/58 | €9 | €1,254,033 | +€1.3m | +14666952.2% |
| Deferred charges and accrued income | 490/1 | - | €31,958 | +€31,958 | |
| Total equity and liabilities | 10/49 | €709,310 | €1,286,026 | +€576,715 | +81.3% |
| Equity | 10/15 | €155,903 | €156,056 | +€154 | +0.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €154,403 | €154,403 | = | 0.0% |
| Distributable reserves | 133 | €154,403 | €154,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €154 | +€154 | |
| Amounts payable | 17/49 | €553,407 | €1,129,969 | +€576,562 | +104.2% |
| Amounts payable within one year | 42/48 | €553,407 | €1,129,969 | +€576,562 | +104.2% |
| Current portion of amounts payable after more than one year | 42 | €44,000 | - | -€44,000 | |
| Trade debts | 44 | €59,464 | €511,330 | +€451,866 | +759.9% |
| Suppliers | 440/4 | €59,464 | €511,330 | +€451,866 | +759.9% |
| Taxes, remuneration and social security | 45 | €4,988 | €61,358 | +€56,371 | +1130.2% |
| Taxes | 450/3 | €4,988 | €61,358 | +€56,371 | +1130.2% |
| Other amounts payable | 47/48 | €444,956 | €557,281 | +€112,326 | +25.2% |
| Other operating charges | 640/8 | €840 | €479 | -€361 | -43.0% |
| Gross operating margin | 9900 | €79,971 | €109,334 | +€29,364 | +36.7% |
| Operating profit (loss) | 9901 | €79,131 | €108,856 | +€29,725 | +37.6% |
| Financial income | 75/76B | - | €269,926 | +€269,926 | |
| Recurring financial income | 75 | - | €269,926 | +€269,926 | |
| Non-recurring financial income | 76B | - | €269,926 | +€269,926 | |
| Financial charges | 65/66B | €177 | €20,518 | +€20,341 | +11474.6% |
| Recurring financial charges | 65 | €177 | €20,518 | +€20,341 | +11474.6% |
| Profit (loss) for the period before taxes | 9903 | €78,953 | €358,263 | +€279,310 | +353.8% |
| Income taxes | 67/77 | €25,159 | €90,110 | +€64,951 | +258.2% |
| Profit (loss) for the period | 9904 | €53,795 | €268,154 | +€214,359 | +398.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,795 | €268,154 | +€214,359 | +398.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.