EXECUTIVE SERVICES AND PROJECTS INTERNATIONAL: what changed
EXECUTIVE SERVICES AND PROJECTS INTERNATIONAL
Largest movements
- Tangible fixed assets -€17,394
down €17,394 (-38.5%), from €45,197 to €27,803
of which Furniture and vehicles: -€17,235
- Receivables within one year -€12,601
down €12,601 (-14.6%), from €86,377 to €73,777
of which Other amounts receivable: -€12,601
- Cash -€8,626
down €8,626 (-51.7%), from €16,683 to €8,056
mainly Net result for the year (-€30,071) and Debts after one year (-€9,580)
- Profit (loss) carried forward -€30,071
down €30,071 (-97.9%), from -€30,716 to -€60,787
- Debts after one year -€9,580
down €9,580 (-3.8%), from €252,784 to €243,204
- Gross operating margin -€5,132
down €5,132 (-102%), from -€5,053 to -€10,185
- Depreciation -€952
down €952 (-5.2%), from €18,346 to €17,394
- Financial charges -€413
down €413 (-15.7%), from €2,625 to €2,212
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,767 | €271,535 | -€39,232 | -12.6% |
| Fixed assets | 21/28 | €205,947 | €188,553 | -€17,394 | -8.4% |
| Tangible fixed assets | 22/27 | €45,197 | €27,803 | -€17,394 | -38.5% |
| Plant, machinery and equipment | 23 | €565 | €406 | -€159 | -28.1% |
| Furniture and vehicles | 24 | €44,632 | €27,397 | -€17,235 | -38.6% |
| Financial fixed assets | 28 | €160,750 | €160,750 | = | 0.0% |
| Current assets | 29/58 | €104,821 | €82,982 | -€21,838 | -20.8% |
| Amounts receivable within one year | 40/41 | €86,377 | €73,777 | -€12,601 | -14.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €86,377 | €73,777 | -€12,601 | -14.6% |
| Cash at bank and in hand | 54/58 | €16,683 | €8,056 | -€8,626 | -51.7% |
| Deferred charges and accrued income | 490/1 | €1,761 | €1,150 | -€611 | -34.7% |
| Total equity and liabilities | 10/49 | €310,767 | €271,535 | -€39,232 | -12.6% |
| Equity | 10/15 | €43,272 | €13,201 | -€30,071 | -69.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,788 | €67,788 | = | 0.0% |
| Distributable reserves | 133 | €67,788 | €67,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,716 | -€60,787 | -€30,071 | -97.9% |
| Amounts payable | 17/49 | €267,496 | €258,334 | -€9,161 | -3.4% |
| Amounts payable after more than one year | 17 | €252,784 | €243,204 | -€9,580 | -3.8% |
| Financial debts | 170/4 | €252,784 | €243,204 | -€9,580 | -3.8% |
| Amounts payable within one year | 42/48 | €14,711 | €15,130 | +€419 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €14,160 | €14,580 | +€421 | +3.0% |
| Trade debts | 44 | €325 | €323 | -€1 | -0.3% |
| Suppliers | 440/4 | €325 | €323 | -€1 | -0.3% |
| Taxes, remuneration and social security | 45 | - | €227 | +€227 | |
| Taxes | 450/3 | - | €227 | +€227 | |
| Other amounts payable | 47/48 | €227 | €0 | -€227 | -100% |
| Non-recurring operating income | 76A | €1,810 | - | -€1,810 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,346 | €17,394 | -€952 | -5.2% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Non-recurring operating charges | 66A | €784 | - | -€784 | |
| Gross operating margin | 9900 | -€5,053 | -€10,185 | -€5,132 | -102% |
| Operating profit (loss) | 9901 | -€24,688 | -€27,699 | -€3,011 | -12.2% |
| Financial income | 75/76B | €0 | €67 | +€67 | |
| Recurring financial income | 75 | €0 | €67 | +€67 | |
| Financial charges | 65/66B | €2,625 | €2,212 | -€413 | -15.7% |
| Recurring financial charges | 65 | €2,625 | €2,212 | -€413 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,313 | -€29,844 | -€2,531 | -9.3% |
| Income taxes | 67/77 | €227 | €227 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | -€27,540 | -€30,071 | -€2,530 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,540 | -€30,071 | -€2,530 | -9.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.