C & Explore: 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.
C & Explore
Largest movements
- Intangible fixed assets +€35,214
up €35,214 (+27.0%), from €130,587 to €165,801
- Cash -€32,158
down €32,158 (-79.7%), from €40,351 to €8,193
mainly Investment in fixed assets (net) (-€84,999) and Receivables within one year (-€29,769)
- Receivables within one year +€29,769
up €29,769 (+32.3%), from €92,056 to €121,825
of which Other amounts receivable: +€28,758
- Tangible fixed assets +€10,095
up €10,095 (+315.2%), from €3,203 to €13,298
of which Land and buildings: +€9,596
- Stocks and contracts -€8,741
down €8,741 (-54.2%), from €16,129 to €7,387
- Trade debts +€14,528
up €14,528 (+24.5%), from €59,181 to €73,709
of which Suppliers: +€12,592
- Reserves +€12,268
up €12,268 (+9.8%), from €124,983 to €137,251
of which Distributable reserves: +€14,128
- Debts after one year -€9,998
down €9,998 (-32.8%), from €30,446 to €20,448
- Tax, wage and social debts +€6,592
up €6,592 (+37.3%), from €17,655 to €24,247
of which Remuneration and social security: +€5,800
- Other debts +€4,217
up €4,217 (+23.5%), from €17,925 to €22,141
- Gross operating margin +€63,413
up €63,413 (+50.1%), from €126,634 to €190,047
- Staff costs +€51,591
up €51,591 (+80.8%), from €63,831 to €115,422
- Taxes +€4,500
up €4,500 (+110.0%), from €4,091 to €8,590
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,010 | €319,948 | +€31,938 | +11.1% |
| Fixed assets | 21/28 | €133,790 | €179,100 | +€45,309 | +33.9% |
| Intangible fixed assets | 21 | €130,587 | €165,801 | +€35,214 | +27.0% |
| Tangible fixed assets | 22/27 | €3,203 | €13,298 | +€10,095 | +315.2% |
| Land and buildings | 22 | - | €9,596 | +€9,596 | |
| Furniture and vehicles | 24 | €3,203 | €3,703 | +€499 | +15.6% |
| Current assets | 29/58 | €154,219 | €140,848 | -€13,371 | -8.7% |
| Stocks and contracts in progress | 3 | €16,129 | €7,387 | -€8,741 | -54.2% |
| Stocks | 30/36 | €16,129 | €7,387 | -€8,741 | -54.2% |
| Amounts receivable within one year | 40/41 | €92,056 | €121,825 | +€29,769 | +32.3% |
| Trade receivables | 40 | €25,553 | €26,564 | +€1,011 | +4.0% |
| Other amounts receivable | 41 | €66,503 | €95,261 | +€28,758 | +43.2% |
| Cash at bank and in hand | 54/58 | €40,351 | €8,193 | -€32,158 | -79.7% |
| Deferred charges and accrued income | 490/1 | €5,684 | €3,443 | -€2,240 | -39.4% |
| Total equity and liabilities | 10/49 | €288,010 | €319,948 | +€31,938 | +11.1% |
| Equity | 10/15 | €152,269 | €164,537 | +€12,268 | +8.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €124,983 | €137,251 | +€12,268 | +9.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €123,123 | €137,251 | +€14,128 | +11.5% |
| Profit (loss) carried forward | 14 | €14,786 | €14,786 | = | 0.0% |
| Amounts payable | 17/49 | €135,741 | €155,411 | +€19,670 | +14.5% |
| Amounts payable after more than one year | 17 | €30,446 | €20,448 | -€9,998 | -32.8% |
| Financial debts | 170/4 | €30,446 | €20,448 | -€9,998 | -32.8% |
| Amounts payable within one year | 42/48 | €104,611 | €133,304 | +€28,693 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €9,850 | €9,998 | +€148 | +1.5% |
| Financial debts | 43 | - | €3,208 | +€3,208 | |
| Credit institutions | 430/8 | - | €3,208 | +€3,208 | |
| Trade debts | 44 | €59,181 | €73,709 | +€14,528 | +24.5% |
| Suppliers | 440/4 | €59,181 | €71,773 | +€12,592 | +21.3% |
| Bills of exchange payable | 441 | - | €1,936 | +€1,936 | |
| Taxes, remuneration and social security | 45 | €17,655 | €24,247 | +€6,592 | +37.3% |
| Taxes | 450/3 | €6,323 | €7,115 | +€792 | +12.5% |
| Remuneration and social security | 454/9 | €11,332 | €17,132 | +€5,800 | +51.2% |
| Other amounts payable | 47/48 | €17,925 | €22,141 | +€4,217 | +23.5% |
| Accrued charges and deferred income | 492/3 | €685 | €1,660 | +€975 | +142.4% |
| Remuneration, social security and pensions | 62 | €63,831 | €115,422 | +€51,591 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,352 | €39,690 | +€1,338 | +3.5% |
| Other operating charges | 640/8 | €9,456 | €10,170 | +€713 | +7.5% |
| Gross operating margin | 9900 | €126,634 | €190,047 | +€63,413 | +50.1% |
| Operating profit (loss) | 9901 | €14,995 | €24,766 | +€9,771 | +65.2% |
| Financial income | 75/76B | €248 | €6 | -€242 | -97.7% |
| Recurring financial income | 75 | €248 | €6 | -€242 | -97.7% |
| Financial charges | 65/66B | €2,431 | €3,914 | +€1,483 | +61.0% |
| Recurring financial charges | 65 | €2,431 | €3,914 | +€1,483 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €12,813 | €20,858 | +€8,045 | +62.8% |
| Income taxes | 67/77 | €4,091 | €8,590 | +€4,500 | +110.0% |
| Profit (loss) for the period | 9904 | €8,722 | €12,268 | +€3,546 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,722 | €12,268 | +€3,546 | +40.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.