EXPLOTREK: 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.
EXPLOTREK
Largest movements
- Cash +€6,165
up €6,165 (+1974.9%), from €312 to €6,477
mainly Other debts (+€6,827) and Depreciation (+€2,395)
- Tangible fixed assets -€1,895
down €1,895 (-37.1%), from €5,111 to €3,217
of which Plant, machinery and equipment: -€1,167
- Intangible fixed assets -€500
down €500 (-11.7%), from €4,290 to €3,790
- Deferred charges and accrued income +€399
up €399 (+45.4%), from €878 to €1,276
- Other debts +€6,827
up €6,827 (+58001.2%), from €12 to €6,839
- Trade debts -€3,935
down €3,935 (-96.3%), from €4,088 to €153
- Profit (loss) carried forward +€743
up €743 (+130.4%), from €570 to €1,313
- Tax, wage and social debts +€617
up €617 (+79.3%), from €778 to €1,395
- Gross operating margin -€2,979
down €2,979 (-42.3%), from €7,046 to €4,067
- Depreciation +€355
up €355 (+17.4%), from €2,040 to €2,395
- Taxes -€279
down €279 (-37.9%), from €737 to €458
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 | €11,448 | €15,700 | +€4,252 | +37.1% |
| Fixed assets | 21/28 | €9,402 | €7,007 | -€2,395 | -25.5% |
| Intangible fixed assets | 21 | €4,290 | €3,790 | -€500 | -11.7% |
| Tangible fixed assets | 22/27 | €5,111 | €3,217 | -€1,895 | -37.1% |
| Plant, machinery and equipment | 23 | €1,844 | €678 | -€1,167 | -63.2% |
| Furniture and vehicles | 24 | €3,267 | €2,539 | -€728 | -22.3% |
| Current assets | 29/58 | €2,046 | €8,692 | +€6,647 | +324.9% |
| Stocks and contracts in progress | 3 | €856 | €939 | +€83 | +9.7% |
| Stocks | 30/36 | €856 | €939 | +€83 | +9.7% |
| Cash at bank and in hand | 54/58 | €312 | €6,477 | +€6,165 | +1974.9% |
| Deferred charges and accrued income | 490/1 | €878 | €1,276 | +€399 | +45.4% |
| Total equity and liabilities | 10/49 | €11,448 | €15,700 | +€4,252 | +37.1% |
| Equity | 10/15 | €6,570 | €7,313 | +€743 | +11.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €570 | €1,313 | +€743 | +130.4% |
| Amounts payable | 17/49 | €4,878 | €8,387 | +€3,509 | +71.9% |
| Amounts payable within one year | 42/48 | €4,878 | €8,387 | +€3,509 | +71.9% |
| Trade debts | 44 | €4,088 | €153 | -€3,935 | -96.3% |
| Suppliers | 440/4 | €4,088 | €153 | -€3,935 | -96.3% |
| Taxes, remuneration and social security | 45 | €778 | €1,395 | +€617 | +79.3% |
| Taxes | 450/3 | €778 | €1,395 | +€617 | +79.3% |
| Other amounts payable | 47/48 | €12 | €6,839 | +€6,827 | +58001.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,040 | €2,395 | +€355 | +17.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €7,046 | €4,067 | -€2,979 | -42.3% |
| Operating profit (loss) | 9901 | €4,619 | €1,273 | -€3,346 | -72.4% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €78 | €72 | -€6 | -7.5% |
| Recurring financial charges | 65 | €78 | €72 | -€6 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €4,551 | €1,201 | -€3,351 | -73.6% |
| Income taxes | 67/77 | €737 | €458 | -€279 | -37.9% |
| Profit (loss) for the period | 9904 | €3,815 | €743 | -€3,072 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,815 | €743 | -€3,072 | -80.5% |
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 28 September 2026 via checked.be.