I-Explore: 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.
I-Explore
Largest movements
- Current investments -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Receivables within one year -€5,314
down €5,314 (-61.1%), from €8,695 to €3,381
of which Trade receivables: -€6,776
- Cash +€1,841
up €1,841 (+8.1%), from €22,758 to €24,599
mainly Current investments (+€50,000) and Net result for the year (+€9,439)
- Reserves -€50,450
down €50,450 (-29.7%), from €169,641 to €119,191
- Financial income +€4,646
up €4,646 (+1,024%), from €454 to €5,100
- Taxes +€1,274
up €1,274 (+40.7%), from €3,131 to €4,405
- Gross operating margin -€268
down €268 (-2.9%), from €9,244 to €8,976
- Other operating charges +€100
new in 2025: €100
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 | €181,913 | €129,915 | -€51,998 | -28.6% |
| Fixed assets | 21/28 | - | €1,475 | +€1,475 | |
| Tangible fixed assets | 22/27 | - | €1,475 | +€1,475 | |
| Plant, machinery and equipment | 23 | - | €1,475 | +€1,475 | |
| Current assets | 29/58 | €181,913 | €128,440 | -€53,473 | -29.4% |
| Amounts receivable within one year | 40/41 | €8,695 | €3,381 | -€5,314 | -61.1% |
| Trade receivables | 40 | €8,695 | €1,919 | -€6,776 | -77.9% |
| Other amounts receivable | 41 | - | €1,462 | +€1,462 | |
| Current investments | 50/53 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €22,758 | €24,599 | +€1,841 | +8.1% |
| Deferred charges and accrued income | 490/1 | €460 | €460 | = | 0.0% |
| Total equity and liabilities | 10/49 | €181,913 | €129,915 | -€51,998 | -28.6% |
| Equity | 10/15 | €179,641 | €129,191 | -€50,450 | -28.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €169,641 | €119,191 | -€50,450 | -29.7% |
| Distributable reserves | 133 | €169,641 | €119,191 | -€50,450 | -29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,273 | €724 | -€1,548 | -68.1% |
| Amounts payable within one year | 42/48 | €1,885 | €724 | -€1,161 | -61.6% |
| Trade debts | 44 | €700 | €214 | -€486 | -69.5% |
| Suppliers | 440/4 | €700 | €214 | -€486 | -69.5% |
| Taxes, remuneration and social security | 45 | €1,185 | €510 | -€675 | -57.0% |
| Taxes | 450/3 | €1,185 | €510 | -€675 | -57.0% |
| Other amounts payable | 47/48 | - | €0 | +€0 | |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12 | +€12 | |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €9,244 | €8,976 | -€268 | -2.9% |
| Operating profit (loss) | 9901 | €9,244 | €8,864 | -€380 | -4.1% |
| Financial income | 75/76B | €454 | €5,100 | +€4,646 | +1,024% |
| Recurring financial income | 75 | €454 | €5,100 | +€4,646 | +1,024% |
| Financial charges | 65/66B | €82 | €120 | +€38 | +46.0% |
| Recurring financial charges | 65 | €82 | €120 | +€38 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €9,615 | €13,843 | +€4,228 | +44.0% |
| Income taxes | 67/77 | €3,131 | €4,405 | +€1,274 | +40.7% |
| Profit (loss) for the period | 9904 | €6,485 | €9,439 | +€2,954 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,485 | €9,439 | +€2,954 | +45.6% |
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 14 October 2026 via checked.be.