EXECUTIVE TRANSITION 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 TRANSITION MANAGEMENT
Largest movements
- Stocks and contracts -€12,464
down €12,464 (-58.2%), from €21,431 to €8,967
- Cash +€9,736
up €9,736 (+10.3%), from €94,473 to €104,209
mainly Trade debts (+€18,555) and Stocks and contracts (+€12,464)
- Receivables within one year +€8,682
up €8,682 (+57.2%), from €15,179 to €23,861
of which Trade receivables: +€4,782
- Trade debts +€18,555
up €18,555 (+75.3%), from €24,640 to €43,195
- Reserves -€9,365
down €9,365 (-14.6%), from €64,185 to €54,820
of which Distributable reserves: -€9,365
- Other debts +€8,836
up €8,836 (+250%), from €3,529 to €12,365
- Profit (loss) carried forward -€6,615
down €6,615 (-33.9%), from €19,536 to €12,921
- Tax, wage and social debts -€6,122
down €6,122 (-69.8%), from €8,767 to €2,645
- Turnover +€85,000
up €85,000 (+18,704%), from €454 to €85,454
- Gross operating margin -€50,764
down €50,764, from €50,042 to -€722
- Taxes -€8,137
down €8,137 (-92.8%), from €8,767 to €630
- Purchases and services -€6,071
down €6,071 (-6.6%), from €92,247 to €86,176
- Financial charges -€5,940
down €5,940 (-96.3%), from €6,165 to €226
of which Non-recurring financial charges: -€5,739
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 | €139,272 | €144,561 | +€5,289 | +3.8% |
| Fixed assets | 21/28 | €8,189 | €7,352 | -€837 | -10.2% |
| Tangible fixed assets | 22/27 | €8,189 | €7,352 | -€837 | -10.2% |
| Plant, machinery and equipment | 23 | €5,496 | €4,685 | -€812 | -14.8% |
| Furniture and vehicles | 24 | €2,693 | €2,668 | -€25 | -0.9% |
| Current assets | 29/58 | €131,083 | €137,209 | +€6,126 | +4.7% |
| Stocks and contracts in progress | 3 | €21,431 | €8,967 | -€12,464 | -58.2% |
| Stocks | 30/36 | €21,431 | €8,967 | -€12,464 | -58.2% |
| Amounts receivable within one year | 40/41 | €15,179 | €23,861 | +€8,682 | +57.2% |
| Trade receivables | 40 | €8,085 | €12,867 | +€4,782 | +59.1% |
| Other amounts receivable | 41 | €7,093 | €10,994 | +€3,900 | +55.0% |
| Cash at bank and in hand | 54/58 | €94,473 | €104,209 | +€9,736 | +10.3% |
| Deferred charges and accrued income | 490/1 | €0 | €172 | +€172 | |
| Total equity and liabilities | 10/49 | €139,272 | €144,561 | +€5,289 | +3.8% |
| Equity | 10/15 | €102,321 | €86,341 | -€15,980 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,185 | €54,820 | -€9,365 | -14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,325 | €52,960 | -€9,365 | -15.0% |
| Profit (loss) carried forward | 14 | €19,536 | €12,921 | -€6,615 | -33.9% |
| Amounts payable | 17/49 | €36,951 | €58,220 | +€21,269 | +57.6% |
| Amounts payable within one year | 42/48 | €36,936 | €58,205 | +€21,269 | +57.6% |
| Trade debts | 44 | €24,640 | €43,195 | +€18,555 | +75.3% |
| Suppliers | 440/4 | €24,640 | €43,195 | +€18,555 | +75.3% |
| Taxes, remuneration and social security | 45 | €8,767 | €2,645 | -€6,122 | -69.8% |
| Taxes | 450/3 | €8,767 | €2,645 | -€6,122 | -69.8% |
| Other amounts payable | 47/48 | €3,529 | €12,365 | +€8,836 | +250% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | = | 0.0% |
| Turnover | 70 | €454 | €85,454 | +€85,000 | +18,704% |
| Goods, raw materials, services and sundry goods | 60/61 | €92,247 | €86,176 | -€6,071 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,476 | €2,597 | +€121 | +4.9% |
| Other operating charges | 640/8 | €392 | €400 | +€7 | +1.9% |
| Non-recurring operating charges | 66A | - | €2,249 | +€2,249 | |
| Gross operating margin | 9900 | €50,042 | -€722 | -€50,764 | |
| Operating profit (loss) | 9901 | €47,173 | -€5,968 | -€53,141 | |
| Financial income | 75/76B | €583 | €209 | -€374 | -64.2% |
| Recurring financial income | 75 | €583 | €209 | -€374 | -64.2% |
| Financial charges | 65/66B | €6,165 | €226 | -€5,940 | -96.3% |
| Recurring financial charges | 65 | €426 | €226 | -€201 | -47.0% |
| Non-recurring financial charges | 66B | €5,739 | - | -€5,739 | |
| Profit (loss) for the period before taxes | 9903 | €41,591 | -€5,985 | -€47,576 | |
| Income taxes | 67/77 | €8,767 | €630 | -€8,137 | -92.8% |
| Profit (loss) for the period | 9904 | €32,823 | -€6,615 | -€39,439 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,823 | -€6,615 | -€39,439 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.