GroundXplorer: 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.
GroundXplorer
Largest movements
- Intangible fixed assets -€10,084
down €10,084 (-11.5%), from €87,574 to €77,490
- Tangible fixed assets -€8,023
down €8,023 (-26.3%), from €30,453 to €22,430
of which Plant, machinery and equipment: -€5,726
- Deferred charges and accrued income -€5,949
down €5,949 (-99.2%), from €6,000 to €51
- Receivables within one year -€2,839
down €2,839 (-36.2%), from €7,843 to €5,004
of which Other amounts receivable: -€2,674
- Cash +€2,744
up €2,744 (+591.4%), from €464 to €3,208
mainly Debts after one year (+€24,000) and Depreciation (+€18,107)
- Debts after one year +€24,000
up €24,000 (+13.6%), from €176,000 to €200,000
- Other debts -€22,626
down €22,626 (-98.3%), from €23,014 to €388
- Profit (loss) carried forward -€12,283
down €12,283 (-9.8%), from -€125,822 to -€138,105
- Advances received -€7,260
no longer reported in 2025 (was €7,260)
- Current portion of long-term debt -€5,074
no longer reported in 2025 (was €5,074)
- Gross operating margin +€11,279
up €11,279, from -€4,487 to €6,792
- Taxes -€376
no longer reported in 2025 (was €376)
- Other operating charges -€319
down €319 (-26.7%), from €1,193 to €874
- Financial charges -€223
down €223 (-69.9%), from €319 to €96
- Depreciation -€109
down €109 (-0.6%), from €18,216 to €18,107
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 | €132,334 | €108,183 | -€24,151 | -18.3% |
| Fixed assets | 21/28 | €118,027 | €99,920 | -€18,107 | -15.3% |
| Intangible fixed assets | 21 | €87,574 | €77,490 | -€10,084 | -11.5% |
| Tangible fixed assets | 22/27 | €30,453 | €22,430 | -€8,023 | -26.3% |
| Land and buildings | 22 | €9,886 | €8,726 | -€1,160 | -11.7% |
| Plant, machinery and equipment | 23 | €17,538 | €11,812 | -€5,726 | -32.6% |
| Furniture and vehicles | 24 | €3,029 | €1,892 | -€1,137 | -37.5% |
| Current assets | 29/58 | €14,307 | €8,263 | -€6,044 | -42.2% |
| Amounts receivable within one year | 40/41 | €7,843 | €5,004 | -€2,839 | -36.2% |
| Trade receivables | 40 | €165 | - | -€165 | |
| Other amounts receivable | 41 | €7,678 | €5,004 | -€2,674 | -34.8% |
| Cash at bank and in hand | 54/58 | €464 | €3,208 | +€2,744 | +591.4% |
| Deferred charges and accrued income | 490/1 | €6,000 | €51 | -€5,949 | -99.2% |
| Total equity and liabilities | 10/49 | €132,334 | €108,183 | -€24,151 | -18.3% |
| Equity | 10/15 | -€82,139 | -€94,422 | -€12,283 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,083 | €25,083 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €847 | €847 | = | 0.0% |
| Distributable reserves | 133 | €22,376 | €22,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,822 | -€138,105 | -€12,283 | -9.8% |
| Amounts payable | 17/49 | €214,473 | €202,605 | -€11,868 | -5.5% |
| Amounts payable after more than one year | 17 | €176,000 | €200,000 | +€24,000 | +13.6% |
| Other amounts payable | 178/9 | €176,000 | €200,000 | +€24,000 | +13.6% |
| Amounts payable within one year | 42/48 | €38,473 | €2,605 | -€35,868 | -93.2% |
| Current portion of amounts payable after more than one year | 42 | €5,074 | - | -€5,074 | |
| Financial debts | 43 | €181 | - | -€181 | |
| Credit institutions | 430/8 | €181 | - | -€181 | |
| Trade debts | 44 | €2,822 | €978 | -€1,844 | -65.3% |
| Suppliers | 440/4 | €2,822 | €978 | -€1,844 | -65.3% |
| Advances received on contracts in progress | 46 | €7,260 | - | -€7,260 | |
| Taxes, remuneration and social security | 45 | €122 | €1,239 | +€1,117 | +915.6% |
| Taxes | 450/3 | €122 | €1,239 | +€1,117 | +915.6% |
| Other amounts payable | 47/48 | €23,014 | €388 | -€22,626 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,216 | €18,107 | -€109 | -0.6% |
| Other operating charges | 640/8 | €1,193 | €874 | -€319 | -26.7% |
| Gross operating margin | 9900 | -€4,487 | €6,792 | +€11,279 | |
| Operating profit (loss) | 9901 | -€23,896 | -€12,189 | +€11,707 | +49.0% |
| Financial income | 75/76B | €4 | €2 | -€2 | -50.0% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -50.0% |
| Financial charges | 65/66B | €319 | €96 | -€223 | -69.9% |
| Recurring financial charges | 65 | €319 | €96 | -€223 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,211 | -€12,283 | +€11,928 | +49.3% |
| Income taxes | 67/77 | €376 | - | -€376 | |
| Profit (loss) for the period | 9904 | -€24,587 | -€12,283 | +€12,304 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,587 | -€12,283 | +€12,304 | +50.0% |
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 11 October 2026 via checked.be.