EXECUTE: 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.
EXECUTE
Largest movements
- Cash -€3,640
down €3,640 (-67.6%), from €5,382 to €1,742
mainly Other debts (-€2,395) and Investment in fixed assets (net) (-€2,307)
- Tangible fixed assets +€2,279
new in 2024: €2,279
- Receivables within one year +€513
up €513 (+42.6%), from €1,204 to €1,717
of which Trade receivables: +€676
- Deferred charges and accrued income +€185
new in 2024: €185
- Other debts -€2,395
down €2,395 (-21.4%), from €11,192 to €8,797
- Profit (loss) carried forward +€2,119
up €2,119 (+7.1%), from -€29,786 to -€27,668
- Trade debts -€1,386
down €1,386 (-97.2%), from €1,426 to €40
- Advances received +€1,000
new in 2024: €1,000
- Other operating charges -€643
down €643 (-74.2%), from €866 to €223
- Gross operating margin +€405
up €405 (+19.5%), from €2,076 to €2,481
- Financial charges -€341
down €341 (-75.4%), from €453 to €112
- Depreciation +€28
new in 2024: €28
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,645 | €5,982 | -€663 | -10.0% |
| Fixed assets | 21/28 | €59 | €2,339 | +€2,279 | +3831.3% |
| Tangible fixed assets | 22/27 | - | €2,279 | +€2,279 | |
| Other tangible fixed assets | 26 | - | €2,279 | +€2,279 | |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €6,585 | €3,643 | -€2,942 | -44.7% |
| Amounts receivable within one year | 40/41 | €1,204 | €1,717 | +€513 | +42.6% |
| Trade receivables | 40 | €808 | €1,484 | +€676 | +83.6% |
| Other amounts receivable | 41 | €396 | €233 | -€163 | -41.2% |
| Cash at bank and in hand | 54/58 | €5,382 | €1,742 | -€3,640 | -67.6% |
| Deferred charges and accrued income | 490/1 | - | €185 | +€185 | |
| Total equity and liabilities | 10/49 | €6,645 | €5,982 | -€663 | -10.0% |
| Equity | 10/15 | -€5,974 | -€3,855 | +€2,119 | +35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,213 | €5,213 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,353 | €3,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,786 | -€27,668 | +€2,119 | +7.1% |
| Amounts payable | 17/49 | €12,618 | €9,837 | -€2,782 | -22.0% |
| Amounts payable within one year | 42/48 | €12,618 | €9,837 | -€2,782 | -22.0% |
| Trade debts | 44 | €1,426 | €40 | -€1,386 | -97.2% |
| Suppliers | 440/4 | €1,426 | €40 | -€1,386 | -97.2% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €11,192 | €8,797 | -€2,395 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €28 | +€28 | |
| Other operating charges | 640/8 | €866 | €223 | -€643 | -74.2% |
| Gross operating margin | 9900 | €2,076 | €2,481 | +€405 | +19.5% |
| Operating profit (loss) | 9901 | €1,211 | €2,230 | +€1,020 | +84.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €453 | €112 | -€341 | -75.4% |
| Recurring financial charges | 65 | €453 | €112 | -€341 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €758 | €2,119 | +€1,361 | +179.6% |
| Profit (loss) for the period | 9904 | €758 | €2,119 | +€1,361 | +179.6% |
| Profit (loss) for the period to be appropriated | 9905 | €758 | €2,119 | +€1,361 | +179.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.