Executive Office Management: 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.
Executive Office Management
Largest movements
- Tangible fixed assets +€130,254
up €130,254 (+7,434%), from €1,752 to €132,006
of which Land and buildings: +€131,058
- Financial fixed assets +€125,000
new in 2025: €125,000
- Current investments -€71,549
down €71,549 (-7.0%), from €1.0m to €957,425
- Cash +€37,951
up €37,951 (+115%), from €32,948 to €70,899
mainly Net result for the year (+€171,500) and Current investments (+€71,549)
- Reserves +€136,500
up €136,500 (+10.3%), from €1.3m to €1.5m
of which Distributable reserves: +€220,700
- Other debts +€34,400
up €34,400 (+112%), from €30,600 to €65,000
- Advances received +€34,310
new in 2025: €34,310
- Trade debts +€27,359
up €27,359 (+2,715%), from €1,008 to €28,366
- Financial income -€103,366
down €103,366 (-43.1%), from €239,991 to €136,625
- Gross operating margin -€56,050
down €56,050 (-40.7%), from €137,705 to €81,655
- Turnover -€45,470
down €45,470 (-27.7%), from €163,979 to €118,509
- Taxes -€27,653
down €27,653 (-42.0%), from €65,826 to €38,173
- Financial charges -€12,675
down €12,675 (-99.6%), from €12,731 to €55
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 | €1,635,311 | €1,853,836 | +€218,525 | +13.4% |
| Fixed assets | 21/28 | €1,752 | €257,006 | +€255,254 | +14,569% |
| Tangible fixed assets | 22/27 | €1,752 | €132,006 | +€130,254 | +7,434% |
| Land and buildings | 22 | - | €131,058 | +€131,058 | |
| Plant, machinery and equipment | 23 | €1,149 | €688 | -€461 | -40.1% |
| Furniture and vehicles | 24 | €603 | €260 | -€343 | -56.9% |
| Financial fixed assets | 28 | - | €125,000 | +€125,000 | |
| Current assets | 29/58 | €1,633,559 | €1,596,830 | -€36,729 | -2.2% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,629 | €45,313 | +€7,683 | +20.4% |
| Trade receivables | 40 | €37,629 | €12,004 | -€25,626 | -68.1% |
| Other amounts receivable | 41 | - | €33,309 | +€33,309 | |
| Current investments | 50/53 | €1,028,974 | €957,425 | -€71,549 | -7.0% |
| Cash at bank and in hand | 54/58 | €32,948 | €70,899 | +€37,951 | +115% |
| Deferred charges and accrued income | 490/1 | €34,008 | €23,194 | -€10,813 | -31.8% |
| Total equity and liabilities | 10/49 | €1,635,311 | €1,853,836 | +€218,525 | +13.4% |
| Equity | 10/15 | €1,584,583 | €1,721,084 | +€136,500 | +8.6% |
| Contributions | 10/11 | €264,091 | €264,091 | = | 0.0% |
| Reserves | 13 | €1,320,492 | €1,456,993 | +€136,500 | +10.3% |
| Tax-exempt reserves | 132 | €168,510 | €84,310 | -€84,200 | -50.0% |
| Distributable reserves | 133 | €1,151,983 | €1,372,683 | +€220,700 | +19.2% |
| Amounts payable | 17/49 | €50,728 | €132,753 | +€82,025 | +162% |
| Amounts payable within one year | 42/48 | €50,727 | €129,585 | +€78,857 | +155% |
| Trade debts | 44 | €1,008 | €28,366 | +€27,359 | +2,715% |
| Suppliers | 440/4 | €1,008 | €28,366 | +€27,359 | +2,715% |
| Advances received on contracts in progress | 46 | - | €34,310 | +€34,310 | |
| Taxes, remuneration and social security | 45 | €19,120 | €1,909 | -€17,211 | -90.0% |
| Taxes | 450/3 | €19,120 | €1,909 | -€17,211 | -90.0% |
| Other amounts payable | 47/48 | €30,600 | €65,000 | +€34,400 | +112% |
| Accrued charges and deferred income | 492/3 | €0 | €3,168 | +€3,168 | +646,463% |
| Turnover | 70 | €163,979 | €118,509 | -€45,470 | -27.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,242 | €37,897 | +€9,655 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €929 | €1,266 | +€337 | +36.2% |
| Other operating charges | 640/8 | €2,036 | €7,286 | +€5,250 | +258% |
| Gross operating margin | 9900 | €137,705 | €81,655 | -€56,050 | -40.7% |
| Operating profit (loss) | 9901 | €134,740 | €73,103 | -€61,637 | -45.7% |
| Financial income | 75/76B | €239,991 | €136,625 | -€103,366 | -43.1% |
| Recurring financial income | 75 | €239,991 | €136,625 | -€103,366 | -43.1% |
| Financial charges | 65/66B | €12,731 | €55 | -€12,675 | -99.6% |
| Recurring financial charges | 65 | €12,731 | €55 | -€12,675 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €362,000 | €209,673 | -€152,327 | -42.1% |
| Income taxes | 67/77 | €65,826 | €38,173 | -€27,653 | -42.0% |
| Profit (loss) for the period | 9904 | €296,175 | €171,500 | -€124,674 | -42.1% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €254,075 | €255,700 | +€1,626 | +0.6% |
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 21 October 2026 via checked.be.