XPLORE 360: 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.
XPLORE 360
Largest movements
- Receivables within one year +€16,431
up €16,431 (+242%), from €6,785 to €23,216
of which Trade receivables: +€16,139
- Cash -€12,399
down €12,399 (-52.6%), from €23,584 to €11,185
mainly Receivables within one year (-€16,431) and Debts after one year (-€2,148)
- Tangible fixed assets -€3,632
down €3,632 (-23.8%), from €15,278 to €11,646
of which Furniture and vehicles: -€3,500
- Deferred charges and accrued income -€2,879
down €2,879 (-69.0%), from €4,171 to €1,292
- Financial fixed assets -€870
down €870 (-96.2%), from €904 to €34
- Reserves +€2,398
up €2,398 (+9.2%), from €25,974 to €28,372
- Debts after one year -€2,148
no longer reported in 2025 (was €2,148)
- Current portion of long-term debt -€1,976
down €1,976 (-47.9%), from €4,124 to €2,148
- Tax, wage and social debts -€1,733
down €1,733 (-17.3%), from €10,004 to €8,271
- Accrued charges and deferred income +€1,018
new in 2025: €1,018
- Gross operating margin -€5,094
down €5,094 (-22.5%), from €22,675 to €17,582
- Write-downs +€4,000
new in 2025: €4,000
- Depreciation +€1,615
up €1,615 (+54.3%), from €2,973 to €4,587
- Taxes -€1,594
down €1,594 (-36.3%), from €4,395 to €2,801
- Other operating charges +€453
up €453 (+34.6%), from €1,309 to €1,762
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 | €50,722 | €47,373 | -€3,349 | -6.6% |
| Fixed assets | 21/28 | €16,182 | €11,680 | -€4,502 | -27.8% |
| Tangible fixed assets | 22/27 | €15,278 | €11,646 | -€3,632 | -23.8% |
| Plant, machinery and equipment | 23 | €434 | €302 | -€132 | -30.4% |
| Furniture and vehicles | 24 | €14,844 | €11,344 | -€3,500 | -23.6% |
| Financial fixed assets | 28 | €904 | €34 | -€870 | -96.2% |
| Current assets | 29/58 | €34,540 | €35,693 | +€1,153 | +3.3% |
| Amounts receivable within one year | 40/41 | €6,785 | €23,216 | +€16,431 | +242% |
| Trade receivables | 40 | €6,000 | €22,139 | +€16,139 | +269% |
| Other amounts receivable | 41 | €785 | €1,077 | +€292 | +37.2% |
| Cash at bank and in hand | 54/58 | €23,584 | €11,185 | -€12,399 | -52.6% |
| Deferred charges and accrued income | 490/1 | €4,171 | €1,292 | -€2,879 | -69.0% |
| Total equity and liabilities | 10/49 | €50,722 | €47,373 | -€3,349 | -6.6% |
| Equity | 10/15 | €27,974 | €30,372 | +€2,398 | +8.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,974 | €28,372 | +€2,398 | +9.2% |
| Distributable reserves | 133 | €25,974 | €28,372 | +€2,398 | +9.2% |
| Amounts payable | 17/49 | €22,749 | €17,001 | -€5,748 | -25.3% |
| Amounts payable after more than one year | 17 | €2,148 | - | -€2,148 | |
| Financial debts | 170/4 | €2,148 | - | -€2,148 | |
| Amounts payable within one year | 42/48 | €20,600 | €15,983 | -€4,617 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €4,124 | €2,148 | -€1,976 | -47.9% |
| Trade debts | 44 | €2,181 | €1,918 | -€263 | -12.1% |
| Suppliers | 440/4 | €2,181 | €1,918 | -€263 | -12.1% |
| Taxes, remuneration and social security | 45 | €10,004 | €8,271 | -€1,733 | -17.3% |
| Taxes | 450/3 | €10,004 | €8,271 | -€1,733 | -17.3% |
| Other amounts payable | 47/48 | €4,292 | €3,646 | -€646 | -15.0% |
| Accrued charges and deferred income | 492/3 | - | €1,018 | +€1,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,973 | €4,587 | +€1,615 | +54.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €1,309 | €1,762 | +€453 | +34.6% |
| Gross operating margin | 9900 | €22,675 | €17,582 | -€5,094 | -22.5% |
| Operating profit (loss) | 9901 | €18,393 | €7,232 | -€11,161 | -60.7% |
| Financial charges | 65/66B | €475 | €400 | -€76 | -15.9% |
| Recurring financial charges | 65 | €475 | €400 | -€76 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €17,918 | €6,833 | -€11,085 | -61.9% |
| Income taxes | 67/77 | €4,395 | €2,801 | -€1,594 | -36.3% |
| Profit (loss) for the period | 9904 | €13,523 | €4,032 | -€9,491 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,523 | €4,032 | -€9,491 | -70.2% |
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 16 October 2026 via checked.be.