EXPLOROC BELGIQUE: 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.
EXPLOROC BELGIQUE
Largest movements
- Receivables within one year +€84,079
up €84,079 (+43.0%), from €195,574 to €279,653
of which Trade receivables: +€70,984
- Tangible fixed assets -€66,357
down €66,357 (-22.1%), from €300,294 to €233,936
- Cash +€40,869
up €40,869 (+29.3%), from €139,334 to €180,202
mainly Trade debts (+€96,426) and Depreciation (+€67,116)
- Trade debts +€96,426
up €96,426 (+40.2%), from €239,755 to €336,181
- Debts after one year -€80,686
down €80,686 (-59.2%), from €136,190 to €55,504
- Profit (loss) carried forward +€44,186
up €44,186 (+27.9%), from €158,641 to €202,827
- Gross operating margin -€49,037
down €49,037 (-20.8%), from €235,735 to €186,698
- Staff costs -€7,585
down €7,585 (-12.1%), from €62,906 to €55,321
- Taxes -€2,646
down €2,646 (-14.2%), from €18,600 to €15,954
- Depreciation +€2,547
up €2,547 (+3.9%), from €64,569 to €67,116
- Other operating charges -€2,498
down €2,498 (-75.4%), from €3,314 to €816
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 | €657,939 | €716,653 | +€58,714 | +8.9% |
| Formation expenses | 20 | €258 | €39 | -€220 | -85.1% |
| Fixed assets | 21/28 | €304,742 | €236,246 | -€68,496 | -22.5% |
| Intangible fixed assets | 21 | €1,345 | €806 | -€539 | -40.1% |
| Tangible fixed assets | 22/27 | €300,294 | €233,936 | -€66,357 | -22.1% |
| Leasing and similar rights | 25 | €300,294 | €233,936 | -€66,357 | -22.1% |
| Financial fixed assets | 28 | €3,103 | €1,503 | -€1,600 | -51.6% |
| Current assets | 29/58 | €352,939 | €480,368 | +€127,430 | +36.1% |
| Stocks and contracts in progress | 3 | €14,905 | €17,143 | +€2,238 | +15.0% |
| Stocks | 30/36 | €14,905 | €17,143 | +€2,238 | +15.0% |
| Amounts receivable within one year | 40/41 | €195,574 | €279,653 | +€84,079 | +43.0% |
| Trade receivables | 40 | €159,987 | €230,971 | +€70,984 | +44.4% |
| Other amounts receivable | 41 | €35,587 | €48,681 | +€13,094 | +36.8% |
| Cash at bank and in hand | 54/58 | €139,334 | €180,202 | +€40,869 | +29.3% |
| Deferred charges and accrued income | 490/1 | €3,126 | €3,370 | +€244 | +7.8% |
| Total equity and liabilities | 10/49 | €657,939 | €716,653 | +€58,714 | +8.9% |
| Equity | 10/15 | €168,641 | €212,827 | +€44,186 | +26.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,641 | €202,827 | +€44,186 | +27.9% |
| Amounts payable | 17/49 | €489,298 | €503,826 | +€14,528 | +3.0% |
| Amounts payable after more than one year | 17 | €136,190 | €55,504 | -€80,686 | -59.2% |
| Financial debts | 170/4 | €136,190 | €55,504 | -€80,686 | -59.2% |
| Amounts payable within one year | 42/48 | €353,108 | €448,322 | +€95,214 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €85,886 | €80,686 | -€5,200 | -6.1% |
| Trade debts | 44 | €239,755 | €336,181 | +€96,426 | +40.2% |
| Suppliers | 440/4 | €239,755 | €336,181 | +€96,426 | +40.2% |
| Taxes, remuneration and social security | 45 | €27,466 | €31,455 | +€3,988 | +14.5% |
| Taxes | 450/3 | €19,221 | €22,638 | +€3,417 | +17.8% |
| Remuneration and social security | 454/9 | €8,245 | €8,816 | +€571 | +6.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €62,906 | €55,321 | -€7,585 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,569 | €67,116 | +€2,547 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,105 | €1,349 | +€244 | +22.1% |
| Other operating charges | 640/8 | €3,314 | €816 | -€2,498 | -75.4% |
| Non-recurring operating charges | 66A | €4,659 | €0 | -€4,659 | -100% |
| Gross operating margin | 9900 | €235,735 | €186,698 | -€49,037 | -20.8% |
| Operating profit (loss) | 9901 | €99,181 | €62,095 | -€37,085 | -37.4% |
| Financial income | 75/76B | €0 | €970 | +€970 | |
| Recurring financial income | 75 | €0 | €970 | +€970 | |
| Financial charges | 65/66B | €3,632 | €2,926 | -€706 | -19.4% |
| Recurring financial charges | 65 | €3,632 | €2,926 | -€706 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €95,549 | €60,140 | -€35,409 | -37.1% |
| Income taxes | 67/77 | €18,600 | €15,954 | -€2,646 | -14.2% |
| Profit (loss) for the period | 9904 | €76,949 | €44,186 | -€32,763 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,949 | €44,186 | -€32,763 | -42.6% |
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 17 October 2026 via checked.be.