Xpertise: 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.
What changed
Xpertise
NACE 64.310, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€220,267
2024 · -€84,372-€135,895
Equity
€17.5m
2024 · €14.7m+€2.8m
Cash
€14,439
2024 · €18,650-€4,210
Balance sheet total
€28.3m
2024 · €25.2m+€3.1m
Largest movements
Assets
- Financial fixed assets +€3.0m
up €3.0m (+12.7%), from €23.6m to €26.6m
Equity and liabilities
- Contributions +€3.0m
up €3.0m (+16.0%), from €18.8m to €21.8m
of which Contributions outside capital: +€3.0m
- Other debts +€2.0m
new in 2025: €2.0m
- Debts after one year -€1.7m
down €1.7m (-16.3%), from €10.4m to €8.7m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
-€84,372
Other operating charges
+€222
Other operating items
+€14,206
Financial income
-€74,891
Financial charges
-€75,432
Result 2025
-€220,267
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.7m
Investment
-€3.0m
Financing
+€1.3m
Cash 2024
€18,650
From operations (derived)
+€1.7m
Net result for the year
-€220,267
Receivables within one year
-€63,048
Deferred charges and accrued income
-€65,504
Trade debts
-€15,039
Tax, wage and social debts
-€14,575
Other debts
+€2.0m
Accrued charges and deferred income
+€72,575
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€3.0m
Financing
+€1.3m
Debts after one year
-€1.7m
Contributions, distributions and other
+€3.0m
Cash 2025
€14,439
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,220,993 | €28,345,335 | +€3.1m | +12.4% |
| Fixed assets | 21/28 | €23,603,263 | €26,603,263 | +€3.0m | +12.7% |
| Financial fixed assets | 28 | €23,603,263 | €26,603,263 | +€3.0m | +12.7% |
| Affiliated companies | 280/1 | €23,603,263 | €26,603,263 | +€3.0m | +12.7% |
| Participating interests | 280 | €23,603,263 | €26,603,263 | +€3.0m | +12.7% |
| Current assets | 29/58 | €1,617,730 | €1,742,072 | +€124,341 | +7.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,538,498 | €1,601,545 | +€63,048 | +4.1% |
| Trade receivables | 40 | €91,476 | €168 | -€91,308 | -99.8% |
| Other amounts receivable | 41 | €1,447,022 | €1,601,377 | +€154,355 | +10.7% |
| Cash at bank and in hand | 54/58 | €18,650 | €14,439 | -€4,210 | -22.6% |
| Deferred charges and accrued income | 490/1 | €60,583 | €126,087 | +€65,504 | +108% |
| Total equity and liabilities | 10/49 | €25,220,993 | €28,345,335 | +€3.1m | +12.4% |
| Equity | 10/15 | €14,724,988 | €17,504,721 | +€2.8m | +18.9% |
| Contributions | 10/11 | €18,770,534 | €21,770,534 | +€3.0m | +16.0% |
| Capital | 10 | €12,680,534 | €12,685,452 | +€4,918 | 0.0% |
| Issued capital | 100 | €12,680,534 | €12,685,452 | +€4,918 | 0.0% |
| Contributions outside capital | 11 | €6,090,000 | €9,085,082 | +€3.0m | +49.2% |
| Share premium | 1100/10 | €6,090,000 | €9,085,082 | +€3.0m | +49.2% |
| Profit (loss) carried forward | 14 | -€4,045,546 | -€4,265,813 | -€220,267 | -5.4% |
| Amounts payable | 17/49 | €10,496,005 | €10,840,613 | +€344,608 | +3.3% |
| Amounts payable after more than one year | 17 | €10,406,788 | €8,708,434 | -€1.7m | -16.3% |
| Financial debts | 170/4 | €10,406,788 | €8,708,434 | -€1.7m | -16.3% |
| Other loans | 174 | €10,406,788 | €8,708,434 | -€1.7m | -16.3% |
| Amounts payable within one year | 42/48 | €89,218 | €2,059,604 | +€2.0m | +2,209% |
| Trade debts | 44 | €74,643 | €59,604 | -€15,039 | -20.1% |
| Suppliers | 440/4 | €74,643 | €59,604 | -€15,039 | -20.1% |
| Taxes, remuneration and social security | 45 | €14,575 | €0 | -€14,575 | -100% |
| Taxes | 450/3 | €14,575 | €0 | -€14,575 | -100% |
| Other amounts payable | 47/48 | - | €2,000,000 | +€2.0m | |
| Accrued charges and deferred income | 492/3 | - | €72,575 | +€72,575 | |
| Operating income | 70/76A | €25,200 | €0 | -€25,200 | -100% |
| Other operating income | 74 | €25,200 | €0 | -€25,200 | -100% |
| Operating charges | 60/66A | €84,829 | €45,201 | -€39,628 | -46.7% |
| Services and other goods | 61 | €61,318 | €35,724 | -€25,595 | -41.7% |
| Other operating charges | 640/8 | €1,330 | €1,108 | -€222 | -16.7% |
| Non-recurring operating charges | 66A | €22,181 | €8,370 | -€13,811 | -62.3% |
| Operating profit (loss) | 9901 | -€59,629 | -€45,201 | +€14,428 | +24.2% |
| Financial income | 75/76B | €140,395 | €65,504 | -€74,891 | -53.3% |
| Recurring financial income | 75 | €140,395 | €65,504 | -€74,891 | -53.3% |
| Income from current assets | 751 | €140,395 | €65,504 | -€74,891 | -53.3% |
| Financial charges | 65/66B | €165,138 | €240,570 | +€75,432 | +45.7% |
| Recurring financial charges | 65 | €165,138 | €240,570 | +€75,432 | +45.7% |
| Debt charges | 650 | €164,422 | €239,502 | +€75,080 | +45.7% |
| Other financial charges | 652/9 | €716 | €1,067 | +€351 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | -€84,372 | -€220,267 | -€135,895 | -161% |
| Profit (loss) for the period | 9904 | -€84,372 | -€220,267 | -€135,895 | -161% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,372 | -€220,267 | -€135,895 | -161% |
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 13 October 2026 via checked.be.