M82Xplore: 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.
M82Xplore
Largest movements
- Cash +€52,625
up €52,625 (+237%), from €22,199 to €74,825
mainly Net result for the year (+€34,441) and Receivables within one year (+€9,520)
- Receivables within one year -€9,520
down €9,520 (-65.6%), from €14,520 to €5,000
of which Trade receivables: -€10,520
- Formation expenses -€964
down €964 (-100%), from €964 to €0
- Reserves +€34,441
up €34,441 (+415%), from €8,299 to €42,740
- Trade debts +€7,770
up €7,770 (+94.1%), from €8,253 to €16,023
- Other debts -€4,774
down €4,774 (-74.4%), from €6,416 to €1,642
- Tax, wage and social debts +€4,705
up €4,705 (+48.4%), from €9,716 to €14,421
- Gross operating margin +€34,091
up €34,091 (+283%), from €12,053 to €46,144
- Taxes +€6,925
up €6,925 (+334%), from €2,075 to €9,000
- Financial charges +€626
up €626 (+605%), from €104 to €730
- Other operating charges +€572
up €572 (+131%), from €437 to €1,009
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 | €37,684 | €79,825 | +€42,142 | +112% |
| Formation expenses | 20 | €964 | €0 | -€964 | -100% |
| Current assets | 29/58 | €36,719 | €79,825 | +€43,106 | +117% |
| Amounts receivable within one year | 40/41 | €14,520 | €5,000 | -€9,520 | -65.6% |
| Trade receivables | 40 | €14,520 | €4,000 | -€10,520 | -72.4% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €22,199 | €74,825 | +€52,625 | +237% |
| Total equity and liabilities | 10/49 | €37,684 | €79,825 | +€42,142 | +112% |
| Equity | 10/15 | €13,299 | €47,740 | +€34,441 | +259% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,299 | €42,740 | +€34,441 | +415% |
| Distributable reserves | 133 | €8,299 | €42,740 | +€34,441 | +415% |
| Amounts payable | 17/49 | €24,385 | €32,085 | +€7,701 | +31.6% |
| Amounts payable within one year | 42/48 | €24,385 | €32,085 | +€7,701 | +31.6% |
| Trade debts | 44 | €8,253 | €16,023 | +€7,770 | +94.1% |
| Suppliers | 440/4 | €8,253 | €16,023 | +€7,770 | +94.1% |
| Taxes, remuneration and social security | 45 | €9,716 | €14,421 | +€4,705 | +48.4% |
| Taxes | 450/3 | €9,716 | €14,421 | +€4,705 | +48.4% |
| Other amounts payable | 47/48 | €6,416 | €1,642 | -€4,774 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,138 | €964 | -€174 | -15.3% |
| Other operating charges | 640/8 | €437 | €1,009 | +€572 | +131% |
| Gross operating margin | 9900 | €12,053 | €46,144 | +€34,091 | +283% |
| Operating profit (loss) | 9901 | €10,478 | €44,171 | +€33,693 | +322% |
| Financial charges | 65/66B | €104 | €730 | +€626 | +605% |
| Recurring financial charges | 65 | €104 | €730 | +€626 | +605% |
| Profit (loss) for the period before taxes | 9903 | €10,374 | €43,441 | +€33,067 | +319% |
| Income taxes | 67/77 | €2,075 | €9,000 | +€6,925 | +334% |
| Profit (loss) for the period | 9904 | €8,299 | €34,441 | +€26,142 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €8,299 | €34,441 | +€26,142 | +315% |
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 31 October 2026 via checked.be.