XPLICIT: 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.
XPLICIT
Largest movements
- Receivables within one year -€130,230
down €130,230 (-82.1%), from €158,531 to €28,301
of which Other amounts receivable: -€98,427
- Tangible fixed assets +€20,789
up €20,789 (+6.8%), from €303,798 to €324,586
of which Furniture and vehicles: +€30,799
- Reserves -€132,283
down €132,283 (-40.0%), from €331,038 to €198,755
of which Distributable reserves: -€132,283
- Other debts +€14,967
new in 2025: €14,967
- Current portion of long-term debt +€12,016
up €12,016 (+60.1%), from €20,004 to €32,020
- Short-term financial debts -€10,313
down €10,313 (-64.8%), from €15,906 to €5,593
- Gross operating margin -€4,554
down €4,554 (-6.6%), from €69,460 to €64,906
- Depreciation +€3,312
up €3,312 (+20.8%), from €15,892 to €19,203
- Taxes -€1,501
down €1,501 (-10.9%), from €13,728 to €12,227
- Other operating charges -€1,435
down €1,435 (-56.7%), from €2,531 to €1,096
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 | €464,145 | €353,420 | -€110,725 | -23.9% |
| Fixed assets | 21/28 | €303,798 | €324,586 | +€20,789 | +6.8% |
| Tangible fixed assets | 22/27 | €303,798 | €324,586 | +€20,789 | +6.8% |
| Land and buildings | 22 | €285,787 | €277,225 | -€8,562 | -3.0% |
| Plant, machinery and equipment | 23 | €5,097 | €3,648 | -€1,448 | -28.4% |
| Furniture and vehicles | 24 | €12,914 | €43,713 | +€30,799 | +238% |
| Current assets | 29/58 | €160,347 | €28,834 | -€131,513 | -82.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €158,531 | €28,301 | -€130,230 | -82.1% |
| Trade receivables | 40 | €54,831 | €23,028 | -€31,803 | -58.0% |
| Other amounts receivable | 41 | €103,700 | €5,273 | -€98,427 | -94.9% |
| Current investments | 50/53 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €337 | €533 | +€196 | +58.3% |
| Deferred charges and accrued income | 490/1 | €1,479 | €0 | -€1,479 | -100% |
| Total equity and liabilities | 10/49 | €464,145 | €353,420 | -€110,725 | -23.9% |
| Equity | 10/15 | €337,238 | €204,955 | -€132,283 | -39.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €331,038 | €198,755 | -€132,283 | -40.0% |
| Non-distributable reserves | 130/1 | €15,762 | €15,762 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,762 | €15,762 | = | 0.0% |
| Distributable reserves | 133 | €315,276 | €182,993 | -€132,283 | -42.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,907 | €148,465 | +€21,558 | +17.0% |
| Amounts payable after more than one year | 17 | €70,621 | €71,198 | +€577 | +0.8% |
| Financial debts | 170/4 | €70,621 | €71,198 | +€577 | +0.8% |
| Amounts payable within one year | 42/48 | €56,286 | €75,637 | +€19,352 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €20,004 | €32,020 | +€12,016 | +60.1% |
| Financial debts | 43 | €15,906 | €5,593 | -€10,313 | -64.8% |
| Credit institutions | 430/8 | €15,906 | €5,593 | -€10,313 | -64.8% |
| Trade debts | 44 | €5,146 | €4,769 | -€376 | -7.3% |
| Suppliers | 440/4 | €5,146 | €4,769 | -€376 | -7.3% |
| Taxes, remuneration and social security | 45 | €15,230 | €18,288 | +€3,058 | +20.1% |
| Taxes | 450/3 | €9,964 | €12,973 | +€3,008 | +30.2% |
| Remuneration and social security | 454/9 | €5,266 | €5,315 | +€50 | +0.9% |
| Other amounts payable | 47/48 | - | €14,967 | +€14,967 | |
| Accrued charges and deferred income | 492/3 | - | €1,630 | +€1,630 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,892 | €19,203 | +€3,312 | +20.8% |
| Other operating charges | 640/8 | €2,531 | €1,096 | -€1,435 | -56.7% |
| Gross operating margin | 9900 | €69,460 | €64,906 | -€4,554 | -6.6% |
| Operating profit (loss) | 9901 | €51,038 | €44,607 | -€6,431 | -12.6% |
| Financial income | 75/76B | €14 | €5 | -€9 | -66.5% |
| Recurring financial income | 75 | €14 | €5 | -€9 | -66.5% |
| Financial charges | 65/66B | €7,584 | €7,974 | +€390 | +5.1% |
| Recurring financial charges | 65 | €7,584 | €7,974 | +€390 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €43,468 | €36,638 | -€6,830 | -15.7% |
| Income taxes | 67/77 | €13,728 | €12,227 | -€1,501 | -10.9% |
| Profit (loss) for the period | 9904 | €29,740 | €24,411 | -€5,329 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,740 | €24,411 | -€5,329 | -17.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.