EXECUTIVE TECH: 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.
EXECUTIVE TECH
Largest movements
- Tangible fixed assets +€96,304
up €96,304 (+262.8%), from €36,649 to €132,954
of which Other tangible fixed assets: +€100,135
- Receivables within one year +€16,104
up €16,104 (+40.9%), from €39,359 to €55,464
of which Trade receivables: +€24,994
- Debts after one year +€86,070
up €86,070 (+372.6%), from €23,098 to €109,168
- Reserves +€15,462
up €15,462 (+58.4%), from €26,485 to €41,947
- Trade debts -€12,012
down €12,012 (-85.0%), from €14,123 to €2,112
- Tax, wage and social debts +€11,987
up €11,987 (+70.9%), from €16,897 to €28,884
- Other debts +€6,059
up €6,059 (+732.1%), from €828 to €6,887
- Depreciation +€18,396
up €18,396 (+662.3%), from €2,778 to €21,173
- Gross operating margin +€6,573
up €6,573 (+14.6%), from €45,162 to €51,734
- Taxes -€3,998
down €3,998 (-36.2%), from €11,035 to €7,037
- Financial charges +€2,630
up €2,630 (+71.1%), from €3,697 to €6,327
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 | €92,582 | €204,740 | +€112,158 | +121.1% |
| Fixed assets | 21/28 | €36,649 | €132,954 | +€96,304 | +262.8% |
| Tangible fixed assets | 22/27 | €36,649 | €132,954 | +€96,304 | +262.8% |
| Plant, machinery and equipment | 23 | €2,092 | €1,863 | -€229 | -11.0% |
| Furniture and vehicles | 24 | €34,557 | €30,955 | -€3,602 | -10.4% |
| Other tangible fixed assets | 26 | - | €100,135 | +€100,135 | |
| Current assets | 29/58 | €55,932 | €71,786 | +€15,854 | +28.3% |
| Amounts receivable within one year | 40/41 | €39,359 | €55,464 | +€16,104 | +40.9% |
| Trade receivables | 40 | €30,033 | €55,028 | +€24,994 | +83.2% |
| Other amounts receivable | 41 | €9,326 | €436 | -€8,890 | -95.3% |
| Cash at bank and in hand | 54/58 | €15,436 | €15,166 | -€270 | -1.7% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,156 | +€19 | +1.7% |
| Total equity and liabilities | 10/49 | €92,582 | €204,740 | +€112,158 | +121.1% |
| Equity | 10/15 | €31,485 | €46,947 | +€15,462 | +49.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,485 | €41,947 | +€15,462 | +58.4% |
| Distributable reserves | 133 | €26,485 | €41,947 | +€15,462 | +58.4% |
| Amounts payable | 17/49 | €61,097 | €157,793 | +€96,697 | +158.3% |
| Amounts payable after more than one year | 17 | €23,098 | €109,168 | +€86,070 | +372.6% |
| Financial debts | 170/4 | €23,098 | €109,168 | +€86,070 | +372.6% |
| Amounts payable within one year | 42/48 | €37,399 | €48,423 | +€11,024 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €5,551 | €10,541 | +€4,990 | +89.9% |
| Trade debts | 44 | €14,123 | €2,112 | -€12,012 | -85.0% |
| Suppliers | 440/4 | €14,123 | €2,112 | -€12,012 | -85.0% |
| Taxes, remuneration and social security | 45 | €16,897 | €28,884 | +€11,987 | +70.9% |
| Taxes | 450/3 | €16,897 | €28,884 | +€11,987 | +70.9% |
| Other amounts payable | 47/48 | €828 | €6,887 | +€6,059 | +732.1% |
| Accrued charges and deferred income | 492/3 | €600 | €202 | -€398 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,778 | €21,173 | +€18,396 | +662.3% |
| Other operating charges | 640/8 | €634 | €902 | +€268 | +42.3% |
| Gross operating margin | 9900 | €45,162 | €51,734 | +€6,573 | +14.6% |
| Operating profit (loss) | 9901 | €41,750 | €29,659 | -€12,091 | -29.0% |
| Financial income | 75/76B | €300 | €0 | -€300 | -100.0% |
| Recurring financial income | 75 | €300 | €0 | -€300 | -100.0% |
| Financial charges | 65/66B | €3,697 | €6,327 | +€2,630 | +71.1% |
| Recurring financial charges | 65 | €3,697 | €6,327 | +€2,630 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €38,353 | €23,332 | -€15,022 | -39.2% |
| Income taxes | 67/77 | €11,035 | €7,037 | -€3,998 | -36.2% |
| Profit (loss) for the period | 9904 | €27,318 | €16,295 | -€11,023 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,318 | €16,295 | -€11,023 | -40.4% |
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 8 October 2026 via checked.be.