EXPLODEP: what changed
What changed
EXPLODEP
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€133,241
2024 · €128,160+€5,081
Equity
€1.1m
2024 · €1.1m+€62,465
Cash
€8,663
2024 · €7,849+€814
Balance sheet total
€1.2m
2024 · €1.1m+€78,440
Largest movements
Assets
- Current investments +€97,418
up €97,418 (+11.6%), from €840,067 to €937,484
- Tangible fixed assets -€29,141
down €29,141 (-27.4%), from €106,212 to €77,070
of which Furniture and vehicles: -€28,982
Equity and liabilities
- Reserves +€63,298
up €63,298 (+6.4%), from €989,953 to €1.1m
- Tax, wage and social debts +€13,369
up €13,369 (+62.6%), from €21,372 to €34,741
Income statement
- Gross operating margin +€4,772
up €4,772 (+2.4%), from €200,976 to €205,748
- Financial income +€3,047
up €3,047 (+25.9%), from €11,758 to €14,804
- Taxes +€2,630
up €2,630 (+4.9%), from €53,829 to €56,459
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€128,160
Gross operating margin
+€4,772
Depreciation
-€48
Other operating charges
-€43
Financial income
+€3,047
Financial charges
-€16
Taxes
-€2,630
Result 2025
€133,241
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€169,407
Investment
-€97,817
Financing
-€70,777
Cash 2024
€7,849
From operations (derived)
+€169,407
Net result for the year
+€133,241
Depreciation
+€29,540
Receivables within one year
-€8,307
Deferred charges and accrued income
-€1,043
Trade debts
+€1,053
Tax, wage and social debts
+€13,369
Other debts
+€1,553
Investment (derived)
-€97,817
Investment in fixed assets (net)
-€399
Current investments
-€97,418
Financing
-€70,777
Contributions, distributions and other
-€70,777
Cash 2025
€8,663
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,106,148 | €1,184,587 | +€78,440 | +7.1% |
| Fixed assets | 21/28 | €239,883 | €210,742 | -€29,141 | -12.1% |
| Tangible fixed assets | 22/27 | €106,212 | €77,070 | -€29,141 | -27.4% |
| Furniture and vehicles | 24 | €104,492 | €75,511 | -€28,982 | -27.7% |
| Other tangible fixed assets | 26 | €1,719 | €1,559 | -€160 | -9.3% |
| Financial fixed assets | 28 | €133,672 | €133,672 | = | 0.0% |
| Current assets | 29/58 | €866,264 | €973,846 | +€107,581 | +12.4% |
| Amounts receivable within one year | 40/41 | €9,288 | €17,594 | +€8,307 | +89.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,288 | €17,594 | +€8,307 | +89.4% |
| Current investments | 50/53 | €840,067 | €937,484 | +€97,418 | +11.6% |
| Cash at bank and in hand | 54/58 | €7,849 | €8,663 | +€814 | +10.4% |
| Deferred charges and accrued income | 490/1 | €9,061 | €10,104 | +€1,043 | +11.5% |
| Total equity and liabilities | 10/49 | €1,106,148 | €1,184,587 | +€78,440 | +7.1% |
| Equity | 10/15 | €1,084,006 | €1,146,470 | +€62,465 | +5.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €989,953 | €1,053,250 | +€63,298 | +6.4% |
| Distributable reserves | 133 | €989,953 | €1,053,250 | +€63,298 | +6.4% |
| Profit (loss) carried forward | 14 | €74,053 | €73,220 | -€833 | -1.1% |
| Amounts payable | 17/49 | €22,142 | €38,117 | +€15,975 | +72.1% |
| Amounts payable within one year | 42/48 | €22,142 | €38,117 | +€15,975 | +72.1% |
| Trade debts | 44 | €527 | €1,581 | +€1,053 | +200% |
| Suppliers | 440/4 | €527 | €1,581 | +€1,053 | +200% |
| Taxes, remuneration and social security | 45 | €21,372 | €34,741 | +€13,369 | +62.6% |
| Taxes | 450/3 | €21,372 | €34,741 | +€13,369 | +62.6% |
| Other amounts payable | 47/48 | €242 | €1,796 | +€1,553 | +641% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,492 | €29,540 | +€48 | +0.2% |
| Other operating charges | 640/8 | €1,093 | €1,135 | +€43 | +3.9% |
| Gross operating margin | 9900 | €200,976 | €205,748 | +€4,772 | +2.4% |
| Operating profit (loss) | 9901 | €170,391 | €175,072 | +€4,681 | +2.7% |
| Financial income | 75/76B | €11,758 | €14,804 | +€3,047 | +25.9% |
| Recurring financial income | 75 | €11,758 | €14,804 | +€3,047 | +25.9% |
| Financial charges | 65/66B | €160 | €176 | +€16 | +10.2% |
| Recurring financial charges | 65 | €160 | €176 | +€16 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €181,989 | €189,700 | +€7,711 | +4.2% |
| Income taxes | 67/77 | €53,829 | €56,459 | +€2,630 | +4.9% |
| Profit (loss) for the period | 9904 | €128,160 | €133,241 | +€5,081 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,160 | €133,241 | +€5,081 | +4.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.