Executives' Global Network Belgium: 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.
Executives' Global Network Belgium
Largest movements
- Receivables within one year -€4.9m
down €4.9m (-89.6%), from €5.5m to €573,906
of which Other amounts receivable: -€5.0m
- Cash +€375,991
new in 2025: €375,991
mainly Receivables within one year (+€4.9m) and Trade debts (+€637,341)
- Short-term financial debts -€4.8m
down €4.8m (-90.1%), from €5.3m to €527,865
- Trade debts +€637,341
up €637,341 (+524%), from €121,674 to €759,016
- Profit (loss) carried forward -€418,695
down €418,695 (-23.7%), from -€1.8m to -€2.2m
- Other debts +€265,020
new in 2025: €265,020
- Tax, wage and social debts -€154,291
down €154,291 (-47.8%), from €322,929 to €168,639
of which Taxes: -€86,085
- Staff costs -€331,196
down €331,196 (-27.2%), from €1.2m to €884,888
- Financial income -€323,843
down €323,843 (-100%), from €323,843 to €0
- Provisions +€29,020
new in 2025: €29,020
- Write-downs +€28,273
up €28,273 (+45.3%), from €62,468 to €90,740
- Gross operating margin +€22,141
up €22,141 (+3.9%), from €570,808 to €592,949
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 | €5,531,486 | €1,003,598 | -€4.5m | -81.9% |
| Fixed assets | 21/28 | €26,235 | €30,643 | +€4,408 | +16.8% |
| Tangible fixed assets | 22/27 | €9,545 | €30,643 | +€21,098 | +221% |
| Furniture and vehicles | 24 | - | €14,960 | +€14,960 | |
| Other tangible fixed assets | 26 | €9,545 | €15,683 | +€6,138 | +64.3% |
| Financial fixed assets | 28 | €16,690 | €0 | -€16,690 | -100% |
| Current assets | 29/58 | €5,505,251 | €972,954 | -€4.5m | -82.3% |
| Amounts receivable within one year | 40/41 | €5,493,229 | €573,906 | -€4.9m | -89.6% |
| Trade receivables | 40 | €507,541 | €573,906 | +€66,365 | +13.1% |
| Other amounts receivable | 41 | €4,985,687 | €0 | -€5.0m | -100% |
| Cash at bank and in hand | 54/58 | - | €375,991 | +€375,991 | |
| Deferred charges and accrued income | 490/1 | €12,022 | €23,057 | +€11,035 | +91.8% |
| Total equity and liabilities | 10/49 | €5,531,486 | €1,003,598 | -€4.5m | -81.9% |
| Equity | 10/15 | -€1,749,557 | -€2,168,253 | -€418,695 | -23.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,768,107 | -€2,186,803 | -€418,695 | -23.7% |
| Amounts payable | 17/49 | €7,281,043 | €3,171,850 | -€4.1m | -56.4% |
| Amounts payable within one year | 42/48 | €5,776,517 | €1,720,539 | -€4.1m | -70.2% |
| Financial debts | 43 | €5,331,913 | €527,865 | -€4.8m | -90.1% |
| Credit institutions | 430/8 | €5,331,913 | €527,865 | -€4.8m | -90.1% |
| Trade debts | 44 | €121,674 | €759,016 | +€637,341 | +524% |
| Suppliers | 440/4 | €121,674 | €759,016 | +€637,341 | +524% |
| Taxes, remuneration and social security | 45 | €322,929 | €168,639 | -€154,291 | -47.8% |
| Taxes | 450/3 | €117,223 | €31,138 | -€86,085 | -73.4% |
| Remuneration and social security | 454/9 | €205,707 | €137,501 | -€68,206 | -33.2% |
| Other amounts payable | 47/48 | - | €265,020 | +€265,020 | |
| Accrued charges and deferred income | 492/3 | €1,504,526 | €1,451,311 | -€53,215 | -3.5% |
| Non-recurring operating income | 76A | €354 | €0 | -€354 | -100% |
| Remuneration, social security and pensions | 62 | €1,216,083 | €884,888 | -€331,196 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329 | €2,976 | +€2,647 | +804% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €62,468 | €90,740 | +€28,273 | +45.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €29,020 | +€29,020 | |
| Other operating charges | 640/8 | €960 | €0 | -€960 | -100% |
| Non-recurring operating charges | 66A | €5,542 | €0 | -€5,542 | -100% |
| Gross operating margin | 9900 | €570,808 | €592,949 | +€22,141 | +3.9% |
| Operating profit (loss) | 9901 | -€714,575 | -€414,675 | +€299,900 | +42.0% |
| Financial income | 75/76B | €323,843 | €0 | -€323,843 | -100% |
| Recurring financial income | 75 | €323,843 | €0 | -€323,843 | -100% |
| Financial charges | 65/66B | €3,622 | €4,020 | +€398 | +11.0% |
| Recurring financial charges | 65 | €3,622 | €4,020 | +€398 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€394,354 | -€418,695 | -€24,341 | -6.2% |
| Income taxes | 67/77 | €2,187 | €0 | -€2,187 | -100% |
| Profit (loss) for the period | 9904 | -€396,541 | -€418,695 | -€22,154 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€396,541 | -€418,695 | -€22,154 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.