Expleat: 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.
Expleat
Largest movements
- Cash -€31,819
down €31,819 (-31.3%), from €101,652 to €69,834
mainly Contributions, distributions and other (-€77,073) and Receivables within one year (-€1,671)
- Tangible fixed assets -€13,936
down €13,936 (-23.0%), from €60,470 to €46,533
of which Furniture and vehicles: -€13,393
- Reserves -€44,004
down €44,004 (-27.3%), from €161,379 to €117,375
- Gross operating margin -€13,087
down €13,087 (-17.1%), from €76,499 to €63,412
- Depreciation +€3,563
up €3,563 (+31.3%), from €11,397 to €14,960
- Taxes -€3,229
down €3,229 (-18.4%), from €17,564 to €14,336
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 | €181,145 | €135,662 | -€45,484 | -25.1% |
| Fixed assets | 21/28 | €60,470 | €46,533 | -€13,936 | -23.0% |
| Tangible fixed assets | 22/27 | €60,470 | €46,533 | -€13,936 | -23.0% |
| Plant, machinery and equipment | 23 | €1,784 | €1,354 | -€429 | -24.1% |
| Furniture and vehicles | 24 | €57,979 | €44,586 | -€13,393 | -23.1% |
| Other tangible fixed assets | 26 | €707 | €593 | -€114 | -16.2% |
| Current assets | 29/58 | €120,676 | €89,128 | -€31,548 | -26.1% |
| Amounts receivable after more than one year | 29 | €3,000 | €1,600 | -€1,400 | -46.7% |
| Other amounts receivable | 291 | €3,000 | €1,600 | -€1,400 | -46.7% |
| Amounts receivable within one year | 40/41 | €16,024 | €17,695 | +€1,671 | +10.4% |
| Trade receivables | 40 | €15,588 | €17,030 | +€1,442 | +9.3% |
| Other amounts receivable | 41 | €436 | €664 | +€229 | +52.4% |
| Cash at bank and in hand | 54/58 | €101,652 | €69,834 | -€31,819 | -31.3% |
| Total equity and liabilities | 10/49 | €181,145 | €135,662 | -€45,484 | -25.1% |
| Equity | 10/15 | €167,579 | €123,575 | -€44,004 | -26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,379 | €117,375 | -€44,004 | -27.3% |
| Distributable reserves | 133 | €161,379 | €117,375 | -€44,004 | -27.3% |
| Amounts payable | 17/49 | €13,567 | €12,086 | -€1,480 | -10.9% |
| Amounts payable within one year | 42/48 | €13,567 | €12,086 | -€1,480 | -10.9% |
| Trade debts | 44 | €4,921 | €5,140 | +€219 | +4.5% |
| Suppliers | 440/4 | €4,921 | €5,140 | +€219 | +4.5% |
| Taxes, remuneration and social security | 45 | €7,537 | €6,927 | -€610 | -8.1% |
| Taxes | 450/3 | €7,537 | €6,927 | -€610 | -8.1% |
| Other amounts payable | 47/48 | €1,109 | €19 | -€1,090 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,397 | €14,960 | +€3,563 | +31.3% |
| Other operating charges | 640/8 | €300 | €256 | -€45 | -14.9% |
| Gross operating margin | 9900 | €76,499 | €63,412 | -€13,087 | -17.1% |
| Operating profit (loss) | 9901 | €64,801 | €48,196 | -€16,606 | -25.6% |
| Financial income | 75/76B | €99 | €48 | -€51 | -51.6% |
| Recurring financial income | 75 | €99 | €48 | -€51 | -51.6% |
| Financial charges | 65/66B | €525 | €838 | +€313 | +59.6% |
| Recurring financial charges | 65 | €525 | €838 | +€313 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €64,375 | €47,405 | -€16,970 | -26.4% |
| Income taxes | 67/77 | €17,564 | €14,336 | -€3,229 | -18.4% |
| Profit (loss) for the period | 9904 | €46,811 | €33,070 | -€13,741 | -29.4% |
| Transfer from tax-exempt reserves | 789 | - | €77,073 | +€77,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,811 | €110,143 | +€63,332 | +135.3% |
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 5 October 2026 via checked.be.