EXPLEA: 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.
EXPLEA
Largest movements
- Cash -€15,699
down €15,699 (-19.0%), from €82,608 to €66,909
mainly Debts after one year (-€41,096) and Investment in fixed assets (net) (-€30,712)
- Debts after one year -€41,096
down €41,096 (-6.2%), from €663,377 to €622,281
- Profit (loss) carried forward +€37,414
up €37,414 (+15.5%), from €241,572 to €278,986
- Depreciation +€14,566
up €14,566 (+120%), from €12,119 to €26,685
- Gross operating margin -€7,529
down €7,529 (-7.3%), from €103,615 to €96,087
- Taxes -€3,357
down €3,357 (-24.7%), from €13,615 to €10,258
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 | €966,523 | €964,420 | -€2,103 | -0.2% |
| Fixed assets | 21/28 | €862,074 | €866,101 | +€4,027 | +0.5% |
| Tangible fixed assets | 22/27 | €862,074 | €866,101 | +€4,027 | +0.5% |
| Land and buildings | 22 | - | €840,695 | +€840,695 | |
| Furniture and vehicles | 24 | €36,321 | €25,407 | -€10,915 | -30.1% |
| Assets under construction and advance payments | 27 | €825,753 | - | -€825,753 | |
| Current assets | 29/58 | €104,449 | €98,319 | -€6,131 | -5.9% |
| Amounts receivable within one year | 40/41 | €20,246 | €29,654 | +€9,408 | +46.5% |
| Trade receivables | 40 | €16,638 | €23,186 | +€6,549 | +39.4% |
| Other amounts receivable | 41 | €3,609 | €6,468 | +€2,859 | +79.2% |
| Cash at bank and in hand | 54/58 | €82,608 | €66,909 | -€15,699 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,595 | €1,755 | +€160 | +10.1% |
| Total equity and liabilities | 10/49 | €966,523 | €964,420 | -€2,103 | -0.2% |
| Equity | 10/15 | €244,572 | €281,986 | +€37,414 | +15.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,572 | €278,986 | +€37,414 | +15.5% |
| Amounts payable | 17/49 | €721,951 | €682,434 | -€39,517 | -5.5% |
| Amounts payable after more than one year | 17 | €663,377 | €622,281 | -€41,096 | -6.2% |
| Financial debts | 170/4 | €663,377 | €622,281 | -€41,096 | -6.2% |
| Amounts payable within one year | 42/48 | €58,574 | €60,041 | +€1,468 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €40,093 | €41,096 | +€1,003 | +2.5% |
| Trade debts | 44 | €2,205 | €5,521 | +€3,316 | +150% |
| Suppliers | 440/4 | €2,205 | €5,521 | +€3,316 | +150% |
| Taxes, remuneration and social security | 45 | €6,167 | €5,022 | -€1,146 | -18.6% |
| Taxes | 450/3 | €4,417 | €3,272 | -€1,146 | -25.9% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €10,109 | €8,403 | -€1,706 | -16.9% |
| Accrued charges and deferred income | 492/3 | - | €111 | +€111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,119 | €26,685 | +€14,566 | +120% |
| Other operating charges | 640/8 | €1,477 | €1,575 | +€99 | +6.7% |
| Gross operating margin | 9900 | €103,615 | €96,087 | -€7,529 | -7.3% |
| Operating profit (loss) | 9901 | €90,020 | €67,827 | -€22,193 | -24.7% |
| Financial income | 75/76B | €115 | €623 | +€508 | +440% |
| Recurring financial income | 75 | €115 | €623 | +€508 | +440% |
| Financial charges | 65/66B | €21,753 | €20,778 | -€975 | -4.5% |
| Recurring financial charges | 65 | €21,753 | €20,778 | -€975 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €68,382 | €47,672 | -€20,710 | -30.3% |
| Income taxes | 67/77 | €13,615 | €10,258 | -€3,357 | -24.7% |
| Profit (loss) for the period | 9904 | €54,767 | €37,414 | -€17,353 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,767 | €37,414 | -€17,353 | -31.7% |
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 22 October 2026 via checked.be.