EXECOZ: 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.
EXECOZ
Largest movements
- Tangible fixed assets +€23,932
up €23,932 (+357.8%), from €6,689 to €30,622
of which Furniture and vehicles: +€20,094
- Receivables within one year -€14,179
down €14,179 (-57.8%), from €24,543 to €10,364
of which Trade receivables: -€17,077
- Cash -€3,025
down €3,025 (-9.1%), from €33,390 to €30,365
mainly Investment in fixed assets (net) (-€29,366) and Other debts (-€8,672)
- Debts after one year +€12,823
new in 2025: €12,823
- Other debts -€8,672
down €8,672 (-48.2%), from €18,000 to €9,328
- Current portion of long-term debt +€4,826
new in 2025: €4,826
- Tax, wage and social debts -€1,176
down €1,176 (-11.3%), from €10,451 to €9,275
- Gross operating margin -€20,009
down €20,009 (-71.6%), from €27,946 to €7,937
- Taxes -€5,409
down €5,409 (-81.1%), from €6,667 to €1,258
- Depreciation +€3,920
up €3,920 (+259.0%), from €1,513 to €5,433
- Financial charges +€496
up €496 (+355.2%), from €140 to €636
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 | €65,819 | €73,118 | +€7,298 | +11.1% |
| Fixed assets | 21/28 | €6,759 | €30,692 | +€23,932 | +354.1% |
| Tangible fixed assets | 22/27 | €6,689 | €30,622 | +€23,932 | +357.8% |
| Plant, machinery and equipment | 23 | €373 | €1,691 | +€1,318 | +353.3% |
| Furniture and vehicles | 24 | €5,383 | €25,477 | +€20,094 | +373.3% |
| Other tangible fixed assets | 26 | €933 | €3,453 | +€2,520 | +270.0% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €59,060 | €42,426 | -€16,634 | -28.2% |
| Amounts receivable within one year | 40/41 | €24,543 | €10,364 | -€14,179 | -57.8% |
| Trade receivables | 40 | €23,675 | €6,598 | -€17,077 | -72.1% |
| Other amounts receivable | 41 | €868 | €3,767 | +€2,898 | +333.8% |
| Cash at bank and in hand | 54/58 | €33,390 | €30,365 | -€3,025 | -9.1% |
| Deferred charges and accrued income | 490/1 | €1,127 | €1,696 | +€569 | +50.5% |
| Total equity and liabilities | 10/49 | €65,819 | €73,118 | +€7,298 | +11.1% |
| Equity | 10/15 | €37,114 | €36,509 | -€604 | -1.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,114 | €509 | -€604 | -54.3% |
| Amounts payable | 17/49 | €28,706 | €36,608 | +€7,903 | +27.5% |
| Amounts payable after more than one year | 17 | - | €12,823 | +€12,823 | |
| Financial debts | 170/4 | - | €12,823 | +€12,823 | |
| Amounts payable within one year | 42/48 | €28,706 | €23,786 | -€4,920 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,826 | +€4,826 | |
| Trade debts | 44 | €255 | €357 | +€102 | +40.2% |
| Suppliers | 440/4 | €255 | €357 | +€102 | +40.2% |
| Taxes, remuneration and social security | 45 | €10,451 | €9,275 | -€1,176 | -11.3% |
| Taxes | 450/3 | €10,451 | €9,275 | -€1,176 | -11.3% |
| Other amounts payable | 47/48 | €18,000 | €9,328 | -€8,672 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,513 | €5,433 | +€3,920 | +259.0% |
| Other operating charges | 640/8 | €1,268 | €1,216 | -€52 | -4.1% |
| Gross operating margin | 9900 | €27,946 | €7,937 | -€20,009 | -71.6% |
| Operating profit (loss) | 9901 | €25,164 | €1,288 | -€23,877 | -94.9% |
| Financial income | 75/76B | €165 | €2 | -€162 | -98.6% |
| Recurring financial income | 75 | €165 | €2 | -€162 | -98.6% |
| Financial charges | 65/66B | €140 | €636 | +€496 | +355.2% |
| Recurring financial charges | 65 | €140 | €636 | +€496 | +355.2% |
| Profit (loss) for the period before taxes | 9903 | €25,189 | €654 | -€24,536 | -97.4% |
| Income taxes | 67/77 | €6,667 | €1,258 | -€5,409 | -81.1% |
| Profit (loss) for the period | 9904 | €18,522 | -€604 | -€19,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,522 | -€604 | -€19,127 |
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 29 September 2026 via checked.be.