XPLSN: what changed
Two fiscal 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.
XPLSN
Largest movements
- Cash +€16,382
up €16,382 (+80.8%), from €20,276 to €36,657
mainly Debts after one year (+€31,021) and Receivables within one year (+€13,765)
- Receivables within one year -€13,765
down €13,765 (-100.0%), from €13,765 to €0
of which Trade receivables: -€13,213
- Stocks and contracts -€8,372
down €8,372 (-46.1%), from €18,162 to €9,790
- Intangible fixed assets -€1,000
down €1,000 (-43.0%), from €2,323 to €1,323
- Reserves -€40,986
down €40,986 (-100.0%), from €40,986 to €0
- Debts after one year +€31,021
new in 2025: €31,021
- Tax, wage and social debts +€4,128
up €4,128 (+42.9%), from €9,614 to €13,742
- Gross operating margin -€24,558
down €24,558 (-91.7%), from €26,793 to €2,234
- Taxes -€4,967
down €4,967 (-93.4%), from €5,319 to €352
- Other operating charges +€731
up €731 (+315.8%), from €231 to €962
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,526 | €47,771 | -€6,756 | -12.4% |
| Fixed assets | 21/28 | €2,323 | €1,323 | -€1,000 | -43.0% |
| Intangible fixed assets | 21 | €2,323 | €1,323 | -€1,000 | -43.0% |
| Current assets | 29/58 | €52,203 | €46,447 | -€5,756 | -11.0% |
| Stocks and contracts in progress | 3 | €18,162 | €9,790 | -€8,372 | -46.1% |
| Stocks | 30/36 | €18,162 | €9,790 | -€8,372 | -46.1% |
| Amounts receivable within one year | 40/41 | €13,765 | €0 | -€13,765 | -100.0% |
| Trade receivables | 40 | €13,213 | €0 | -€13,213 | -100.0% |
| Other amounts receivable | 41 | €552 | €0 | -€552 | -100.0% |
| Cash at bank and in hand | 54/58 | €20,276 | €36,657 | +€16,382 | +80.8% |
| Total equity and liabilities | 10/49 | €54,526 | €47,771 | -€6,756 | -12.4% |
| Equity | 10/15 | €43,986 | €2,670 | -€41,316 | -93.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,986 | €0 | -€40,986 | -100.0% |
| Distributable reserves | 133 | €40,986 | €0 | -€40,986 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€330 | -€330 | |
| Amounts payable | 17/49 | €10,540 | €45,101 | +€34,560 | +327.9% |
| Amounts payable after more than one year | 17 | - | €31,021 | +€31,021 | |
| Other amounts payable | 178/9 | - | €31,021 | +€31,021 | |
| Amounts payable within one year | 42/48 | €10,540 | €14,080 | +€3,540 | +33.6% |
| Financial debts | 43 | €400 | €115 | -€285 | -71.2% |
| Credit institutions | 430/8 | €400 | €115 | -€285 | -71.2% |
| Trade debts | 44 | €526 | €223 | -€304 | -57.7% |
| Suppliers | 440/4 | €526 | €223 | -€304 | -57.7% |
| Taxes, remuneration and social security | 45 | €9,614 | €13,742 | +€4,128 | +42.9% |
| Taxes | 450/3 | €9,614 | €13,742 | +€4,128 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €231 | €962 | +€731 | +315.8% |
| Gross operating margin | 9900 | €26,793 | €2,234 | -€24,558 | -91.7% |
| Operating profit (loss) | 9901 | €25,561 | €273 | -€25,289 | -98.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €253 | €251 | -€2 | -1.0% |
| Recurring financial charges | 65 | €253 | €251 | -€2 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €25,308 | €22 | -€25,286 | -99.9% |
| Income taxes | 67/77 | €5,319 | €352 | -€4,967 | -93.4% |
| Profit (loss) for the period | 9904 | €19,990 | -€330 | -€20,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,990 | -€330 | -€20,320 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.