EXPLORENTIS: 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.
EXPLORENTIS
Largest movements
- Intangible fixed assets +€82,971
up €82,971 (+15.3%), from €543,550 to €626,521
- Stocks and contracts -€61,255
down €61,255 (-24.6%), from €248,698 to €187,443
- Receivables within one year +€54,584
up €54,584 (+57.6%), from €94,769 to €149,353
of which Trade receivables: +€54,584
- Cash +€26,797
up €26,797 (+249%), from €10,769 to €37,566
mainly Net result for the year (+€263,643) and Trade debts (+€162,182)
- Debts after one year -€319,849
down €319,849 (-77.7%), from €411,609 to €91,760
- Profit (loss) carried forward +€263,643
up €263,643, from -€194,558 to €69,085
- Trade debts +€162,182
up €162,182 (+106%), from €152,611 to €314,793
- Current portion of long-term debt -€23,805
down €23,805 (-40.6%), from €58,654 to €34,849
- Tax, wage and social debts +€12,489
up €12,489 (+52.8%), from €23,670 to €36,159
of which Remuneration and social security: +€9,748
- Gross operating margin +€371,075
up €371,075 (+115%), from €321,554 to €692,628
- Staff costs +€50,060
up €50,060 (+28.3%), from €176,940 to €227,000
- Depreciation +€33,717
up €33,717 (+26.6%), from €126,614 to €160,331
- Financial charges +€8,466
up €8,466 (+30.2%), from €28,033 to €36,500
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 | €910,246 | €1,014,393 | +€104,147 | +11.4% |
| Fixed assets | 21/28 | €552,262 | €635,968 | +€83,706 | +15.2% |
| Intangible fixed assets | 21 | €543,550 | €626,521 | +€82,971 | +15.3% |
| Tangible fixed assets | 22/27 | €5,211 | €5,947 | +€736 | +14.1% |
| Plant, machinery and equipment | 23 | €5,211 | €4,204 | -€1,007 | -19.3% |
| Furniture and vehicles | 24 | €0 | €1,743 | +€1,743 | |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €357,985 | €378,426 | +€20,441 | +5.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €248,698 | €187,443 | -€61,255 | -24.6% |
| Stocks | 30/36 | €248,698 | €187,443 | -€61,255 | -24.6% |
| Amounts receivable within one year | 40/41 | €94,769 | €149,353 | +€54,584 | +57.6% |
| Trade receivables | 40 | €83,305 | €137,889 | +€54,584 | +65.5% |
| Other amounts receivable | 41 | €11,464 | €11,464 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,769 | €37,566 | +€26,797 | +249% |
| Deferred charges and accrued income | 490/1 | €3,749 | €4,063 | +€314 | +8.4% |
| Total equity and liabilities | 10/49 | €910,246 | €1,014,393 | +€104,147 | +11.4% |
| Equity | 10/15 | €159,896 | €423,539 | +€263,643 | +165% |
| Contributions | 10/11 | €354,454 | €354,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,558 | €69,085 | +€263,643 | |
| Amounts payable | 17/49 | €750,350 | €590,855 | -€159,496 | -21.3% |
| Amounts payable after more than one year | 17 | €411,609 | €91,760 | -€319,849 | -77.7% |
| Financial debts | 170/4 | €411,609 | €91,760 | -€319,849 | -77.7% |
| Amounts payable within one year | 42/48 | €334,935 | €495,801 | +€160,866 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €58,654 | €34,849 | -€23,805 | -40.6% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €152,611 | €314,793 | +€162,182 | +106% |
| Suppliers | 440/4 | €152,611 | €314,793 | +€162,182 | +106% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €23,670 | €36,159 | +€12,489 | +52.8% |
| Taxes | 450/3 | €1,533 | €4,273 | +€2,741 | +179% |
| Remuneration and social security | 454/9 | €22,137 | €31,886 | +€9,748 | +44.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,806 | €3,294 | -€512 | -13.5% |
| Remuneration, social security and pensions | 62 | €176,940 | €227,000 | +€50,060 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,614 | €160,331 | +€33,717 | +26.6% |
| Other operating charges | 640/8 | €7,989 | €8,134 | +€145 | +1.8% |
| Gross operating margin | 9900 | €321,554 | €692,628 | +€371,075 | +115% |
| Operating profit (loss) | 9901 | €10,011 | €297,164 | +€287,153 | +2,868% |
| Financial income | 75/76B | €3,689 | €3,154 | -€535 | -14.5% |
| Recurring financial income | 75 | €3,689 | €3,154 | -€535 | -14.5% |
| Financial charges | 65/66B | €28,033 | €36,500 | +€8,466 | +30.2% |
| Recurring financial charges | 65 | €28,033 | €36,500 | +€8,466 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,334 | €263,819 | +€278,152 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€14,508 | €263,643 | +€278,151 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,508 | €263,643 | +€278,151 |
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 14 October 2026 via checked.be.