EXECUTIVE LIMOUSINE ORGANIZATION: 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
EXECUTIVE LIMOUSINE ORGANIZATION
NACE 49.320, Non-scheduled passenger transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,158
2024 · -€38,463+€40,621
Equity
€247,257
2024 · €245,099+€2,158
Cash
€35,217
2024 · €43,924-€8,706
Balance sheet total
€894,415
2024 · €981,151-€86,736
Largest movements
Assets
- Tangible fixed assets -€84,776
down €84,776 (-14.8%), from €572,107 to €487,331
of which Furniture and vehicles: -€83,966
Equity and liabilities
- Debts after one year -€54,164
down €54,164 (-8.0%), from €680,126 to €625,963
- Trade debts -€31,825
down €31,825 (-61.6%), from €51,691 to €19,867
Income statement
- Taxes -€45,966
no longer reported in 2025 (was €45,966)
- Staff costs -€19,873
down €19,873 (-90.9%), from €21,858 to €1,985
- Gross operating margin -€19,582
down €19,582 (-23.0%), from €85,197 to €65,615
- Depreciation +€3,996
up €3,996 (+8.6%), from €46,498 to €50,494
- Other operating charges +€3,694
up €3,694 (+44.9%), from €8,236 to €11,930
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
-€38,463
Gross operating margin
-€19,582
Staff costs
+€19,873
Depreciation
-€3,996
Other operating charges
-€3,694
Financial income
-€82
Financial charges
+€2,136
Taxes
+€45,966
Result 2025
€2,158
raises the resultlowers the result
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.
From operations
+€11,176
Investment
+€34,282
Financing
-€54,164
Cash 2024
€43,924
From operations (derived)
+€11,176
Net result for the year
+€2,158
Depreciation
+€50,494
Receivables within one year
-€2,951
Deferred charges and accrued income
-€3,795
Provisions
-€1,450
Trade debts
-€31,825
Tax, wage and social debts
-€1,315
Accrued charges and deferred income
-€141
Investment (derived)
+€34,282
Investment in fixed assets (net)
+€34,282
Financing
-€54,164
Debts after one year
-€54,164
Cash 2025
€35,217
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €981,151 | €894,415 | -€86,736 | -8.8% |
| Fixed assets | 21/28 | €572,293 | €487,518 | -€84,776 | -14.8% |
| Tangible fixed assets | 22/27 | €572,107 | €487,331 | -€84,776 | -14.8% |
| Furniture and vehicles | 24 | €570,218 | €486,252 | -€83,966 | -14.7% |
| Other tangible fixed assets | 26 | €1,889 | €1,079 | -€810 | -42.9% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €408,858 | €406,897 | -€1,960 | -0.5% |
| Amounts receivable after more than one year | 29 | €329,697 | €329,697 | = | 0.0% |
| Other amounts receivable | 291 | €329,697 | €329,697 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,878 | €36,830 | +€2,951 | +8.7% |
| Trade receivables | 40 | €22,413 | €26,297 | +€3,884 | +17.3% |
| Other amounts receivable | 41 | €11,466 | €10,533 | -€933 | -8.1% |
| Cash at bank and in hand | 54/58 | €43,924 | €35,217 | -€8,706 | -19.8% |
| Deferred charges and accrued income | 490/1 | €1,358 | €5,153 | +€3,795 | +279% |
| Total equity and liabilities | 10/49 | €981,151 | €894,415 | -€86,736 | -8.8% |
| Equity | 10/15 | €245,099 | €247,257 | +€2,158 | +0.9% |
| Contributions | 10/11 | €48,339 | €48,339 | = | 0.0% |
| Revaluation surpluses | 12 | €340,000 | €340,000 | = | 0.0% |
| Reserves | 13 | €11,997 | €7,647 | -€4,350 | -36.3% |
| Non-distributable reserves | 130/1 | €4,834 | €4,834 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,834 | €4,834 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,163 | €2,813 | -€4,350 | -60.7% |
| Profit (loss) carried forward | 14 | -€155,237 | -€148,729 | +€6,508 | +4.2% |
| Provisions and deferred taxes | 16 | €2,388 | €938 | -€1,450 | -60.7% |
| Deferred taxes | 168 | €2,388 | €938 | -€1,450 | -60.7% |
| Amounts payable | 17/49 | €733,665 | €646,220 | -€87,445 | -11.9% |
| Amounts payable after more than one year | 17 | €680,126 | €625,963 | -€54,164 | -8.0% |
| Financial debts | 170/4 | €680,126 | €625,963 | -€54,164 | -8.0% |
| Amounts payable within one year | 42/48 | €53,099 | €19,959 | -€33,140 | -62.4% |
| Trade debts | 44 | €51,691 | €19,867 | -€31,825 | -61.6% |
| Suppliers | 440/4 | €51,691 | €19,867 | -€31,825 | -61.6% |
| Taxes, remuneration and social security | 45 | €1,407 | €92 | -€1,315 | -93.4% |
| Taxes | 450/3 | €465 | - | -€465 | |
| Remuneration and social security | 454/9 | €942 | €92 | -€850 | -90.2% |
| Accrued charges and deferred income | 492/3 | €440 | €299 | -€141 | -32.0% |
| Non-recurring operating income | 76A | €1,705 | - | -€1,705 | |
| Remuneration, social security and pensions | 62 | €21,858 | €1,985 | -€19,873 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,498 | €50,494 | +€3,996 | +8.6% |
| Other operating charges | 640/8 | €8,236 | €11,930 | +€3,694 | +44.9% |
| Gross operating margin | 9900 | €85,197 | €65,615 | -€19,582 | -23.0% |
| Operating profit (loss) | 9901 | €8,605 | €1,206 | -€7,399 | -86.0% |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €2,634 | €498 | -€2,136 | -81.1% |
| Recurring financial charges | 65 | €2,634 | €498 | -€2,136 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €6,054 | €708 | -€5,345 | -88.3% |
| Transfer from deferred taxes | 780 | €1,450 | €1,450 | = | 0.0% |
| Income taxes | 67/77 | €45,966 | - | -€45,966 | |
| Profit (loss) for the period | 9904 | -€38,463 | €2,158 | +€40,621 | |
| Transfer from tax-exempt reserves | 789 | €4,350 | €4,350 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,113 | €6,508 | +€40,621 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.