XPLORE: 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.
What changed
XPLORE
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€994,801
2024 · €927,293+€67,508
Equity
€3.0m
2024 · €2.6m+€344,801
Cash
€12,932
2024 · €14,066-€1,134
Balance sheet total
€5.8m
2024 · €4.8m+€1.0m
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+21.3%), from €4.7m to €5.7m
of which Other amounts receivable: +€652,039
Equity and liabilities
- Other debts +€480,000
up €480,000 (+282.4%), from €170,000 to €650,000
- Reserves +€345,000
up €345,000 (+13.5%), from €2.5m to €2.9m
of which Distributable reserves: +€345,000
- Trade debts +€280,406
up €280,406 (+19.2%), from €1.5m to €1.7m
- Tax, wage and social debts -€93,155
down €93,155 (-18.0%), from €517,411 to €424,256
of which Taxes: -€79,400
Income statement
- Turnover +€2.2m
up €2.2m (+22.2%), from €10.1m to €12.3m
- Purchases and services +€2.2m
up €2.2m (+31.6%), from €7.0m to €9.2m
- Taxes -€257,294
down €257,294, from €242,676 to -€14,618
- Staff costs -€129,668
down €129,668 (-6.6%), from €2.0m to €1.8m
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.
Result 2024
€927,293
Gross operating margin
+€32,482
Staff costs
+€129,668
Depreciation
-€1,280
Write-downs
-€4,554
Other operating charges
+€2,932
Other operating items
-€342,647
Financial income
-€384
Financial charges
-€6,003
Taxes
+€257,294
Result 2025
€994,801
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.
From operations
+€668,995
Investment
-€20,129
Financing
-€650,000
Cash 2024
€14,066
From operations (derived)
+€668,995
Net result for the year
+€994,801
Depreciation
+€11,916
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€5,715
Provisions
+€4,661
Trade debts
+€280,406
Tax, wage and social debts
-€93,155
Other debts
+€480,000
Accrued charges and deferred income
+€6,804
Investment (derived)
-€20,129
Investment in fixed assets (net)
-€20,129
Financing
-€650,000
Contributions, distributions and other
-€650,000
Cash 2025
€12,932
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,785,377 | €5,808,894 | +€1.0m | +21.4% |
| Fixed assets | 21/28 | €19,319 | €27,532 | +€8,213 | +42.5% |
| Tangible fixed assets | 22/27 | €19,319 | €27,532 | +€8,213 | +42.5% |
| Plant, machinery and equipment | 23 | €19,319 | €27,532 | +€8,213 | +42.5% |
| Current assets | 29/58 | €4,766,058 | €5,781,362 | +€1.0m | +21.3% |
| Amounts receivable within one year | 40/41 | €4,735,257 | €5,745,980 | +€1.0m | +21.3% |
| Trade receivables | 40 | €1,829,361 | €2,188,045 | +€358,685 | +19.6% |
| Other amounts receivable | 41 | €2,905,896 | €3,557,934 | +€652,039 | +22.4% |
| Cash at bank and in hand | 54/58 | €14,066 | €12,932 | -€1,134 | -8.1% |
| Deferred charges and accrued income | 490/1 | €16,736 | €22,451 | +€5,715 | +34.1% |
| Total equity and liabilities | 10/49 | €4,785,377 | €5,808,894 | +€1.0m | +21.4% |
| Equity | 10/15 | €2,611,383 | €2,956,184 | +€344,801 | +13.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,549,197 | €2,894,197 | +€345,000 | +13.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,450 | €189,450 | = | 0.0% |
| Distributable reserves | 133 | €2,353,550 | €2,698,550 | +€345,000 | +14.7% |
| Profit (loss) carried forward | 14 | €212 | €13 | -€199 | -93.7% |
| Provisions and deferred taxes | 16 | €106 | €4,767 | +€4,661 | +4379.9% |
| Provisions for liabilities and charges | 160/5 | €106 | €4,767 | +€4,661 | +4379.9% |
| Pensions and similar obligations | 160 | €106 | €4,767 | +€4,661 | +4379.9% |
| Amounts payable | 17/49 | €2,173,887 | €2,847,942 | +€674,055 | +31.0% |
| Amounts payable within one year | 42/48 | €2,149,165 | €2,816,416 | +€667,251 | +31.0% |
| Trade debts | 44 | €1,461,753 | €1,742,160 | +€280,406 | +19.2% |
| Suppliers | 440/4 | €1,461,753 | €1,742,160 | +€280,406 | +19.2% |
| Taxes, remuneration and social security | 45 | €517,411 | €424,256 | -€93,155 | -18.0% |
| Taxes | 450/3 | €311,278 | €231,878 | -€79,400 | -25.5% |
| Remuneration and social security | 454/9 | €206,133 | €192,378 | -€13,755 | -6.7% |
| Other amounts payable | 47/48 | €170,000 | €650,000 | +€480,000 | +282.4% |
| Accrued charges and deferred income | 492/3 | €24,723 | €31,527 | +€6,804 | +27.5% |
| Turnover | 70 | €10,066,533 | €12,303,049 | +€2.2m | +22.2% |
| Non-recurring operating income | 76A | €207 | €270 | +€63 | +30.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,965,050 | €9,169,287 | +€2.2m | +31.6% |
| Remuneration, social security and pensions | 62 | €1,963,584 | €1,833,917 | -€129,668 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,636 | €11,916 | +€1,280 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €106 | €4,661 | +€4,554 | +4279.9% |
| Other operating charges | 640/8 | €9,851 | €6,918 | -€2,932 | -29.8% |
| Non-recurring operating charges | 66A | €40 | €342,687 | +€342,647 | +849607.0% |
| Gross operating margin | 9900 | €3,137,582 | €3,170,064 | +€32,482 | +1.0% |
| Operating profit (loss) | 9901 | €1,153,365 | €969,966 | -€183,399 | -15.9% |
| Financial income | 75/76B | €56,202 | €55,818 | -€384 | -0.7% |
| Recurring financial income | 75 | €55,993 | €55,818 | -€176 | -0.3% |
| Non-recurring financial income | 76B | €208 | - | -€208 | |
| Financial charges | 65/66B | €39,597 | €45,601 | +€6,003 | +15.2% |
| Recurring financial charges | 65 | €39,597 | €45,601 | +€6,003 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €1,169,969 | €980,183 | -€189,786 | -16.2% |
| Income taxes | 67/77 | €242,676 | -€14,618 | -€257,294 | |
| Profit (loss) for the period | 9904 | €927,293 | €994,801 | +€67,508 | +7.3% |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €843,093 | €994,801 | +€151,708 | +18.0% |
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 10 October 2026 via checked.be.