EXECUTXR: 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.
EXECUTXR
Largest movements
- Receivables within one year -€16,925
down €16,925 (-42.1%), from €40,232 to €23,307
of which Trade receivables: -€16,149
- Profit (loss) carried forward -€15,353
down €15,353, from €8,617 to -€6,736
- Short-term financial debts +€3,347
up €3,347 (+69.7%), from €4,802 to €8,148
of which Other loans: +€3,366
- Trade debts -€1,953
down €1,953 (-11.2%), from €17,466 to €15,512
- Other debts -€1,909
down €1,909 (-49.1%), from €3,884 to €1,975
- Tax, wage and social debts -€1,393
down €1,393 (-24.9%), from €5,587 to €4,194
of which Remuneration and social security: -€1,295
- Gross operating margin -€25,701
down €25,701, from €14,740 to -€10,961
- Taxes -€2,690
down €2,690 (-100.0%), from €2,690 to €0
- Staff costs +€2,451
new in 2025: €2,451
- Financial charges +€160
up €160 (+41.9%), from €383 to €543
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,356 | €25,258 | -€17,097 | -40.4% |
| Fixed assets | 21/28 | €1,915 | €1,862 | -€53 | -2.8% |
| Tangible fixed assets | 22/27 | €1,915 | €1,862 | -€53 | -2.8% |
| Plant, machinery and equipment | 23 | €973 | €1,388 | +€415 | +42.6% |
| Furniture and vehicles | 24 | €941 | €473 | -€468 | -49.7% |
| Current assets | 29/58 | €40,441 | €23,397 | -€17,044 | -42.1% |
| Amounts receivable within one year | 40/41 | €40,232 | €23,307 | -€16,925 | -42.1% |
| Trade receivables | 40 | €38,278 | €22,129 | -€16,149 | -42.2% |
| Other amounts receivable | 41 | €1,954 | €1,178 | -€776 | -39.7% |
| Deferred charges and accrued income | 490/1 | €209 | €90 | -€119 | -57.0% |
| Total equity and liabilities | 10/49 | €42,356 | €25,258 | -€17,097 | -40.4% |
| Equity | 10/15 | €10,617 | -€4,736 | -€15,353 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,617 | -€6,736 | -€15,353 | |
| Amounts payable | 17/49 | €31,738 | €29,994 | -€1,744 | -5.5% |
| Amounts payable within one year | 42/48 | €31,738 | €29,830 | -€1,908 | -6.0% |
| Financial debts | 43 | €4,802 | €8,148 | +€3,347 | +69.7% |
| Credit institutions | 430/8 | €4,802 | €4,782 | -€20 | -0.4% |
| Other loans | 439 | - | €3,366 | +€3,366 | |
| Trade debts | 44 | €17,466 | €15,512 | -€1,953 | -11.2% |
| Suppliers | 440/4 | €17,466 | €15,512 | -€1,953 | -11.2% |
| Taxes, remuneration and social security | 45 | €5,587 | €4,194 | -€1,393 | -24.9% |
| Taxes | 450/3 | €3,245 | €3,147 | -€98 | -3.0% |
| Remuneration and social security | 454/9 | €2,342 | €1,047 | -€1,295 | -55.3% |
| Other amounts payable | 47/48 | €3,884 | €1,975 | -€1,909 | -49.1% |
| Accrued charges and deferred income | 492/3 | - | €164 | +€164 | |
| Remuneration, social security and pensions | 62 | - | €2,451 | +€2,451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €843 | €960 | +€118 | +13.9% |
| Other operating charges | 640/8 | €451 | €488 | +€36 | +8.1% |
| Gross operating margin | 9900 | €14,740 | -€10,961 | -€25,701 | |
| Operating profit (loss) | 9901 | €13,446 | -€14,860 | -€28,306 | |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €383 | €543 | +€160 | +41.9% |
| Recurring financial charges | 65 | €383 | €543 | +€160 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €13,063 | -€15,353 | -€28,417 | |
| Income taxes | 67/77 | €2,690 | €0 | -€2,690 | -100.0% |
| Profit (loss) for the period | 9904 | €10,373 | -€15,353 | -€25,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,373 | -€15,353 | -€25,727 |
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 11 October 2026 via checked.be.