exeKute: 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.
exeKute
Largest movements
- Tangible fixed assets +€12,280
up €12,280 (+929%), from €1,322 to €13,602
of which Furniture and vehicles: +€12,407
- Cash +€11,106
up €11,106 (+16.6%), from €66,997 to €78,103
mainly Other debts (+€156,249) and Net result for the year (+€43,635)
- Receivables within one year -€8,218
down €8,218 (-24.1%), from €34,167 to €25,949
of which Trade receivables: -€8,364
- Other debts +€156,249
up €156,249 (+488,278%), from €32 to €156,281
- Reserves -€138,766
down €138,766 (-91.3%), from €151,960 to €13,194
- Tax, wage and social debts -€14,627
down €14,627 (-68.3%), from €21,405 to €6,778
- Trade debts +€12,838
up €12,838 (+784%), from €1,637 to €14,475
- Gross operating margin -€6,318
down €6,318 (-9.1%), from €69,203 to €62,885
- Depreciation +€2,314
up €2,314 (+59.2%), from €3,906 to €6,220
- Taxes -€1,782
down €1,782 (-13.1%), from €13,636 to €11,855
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 | €178,034 | €193,728 | +€15,694 | +8.8% |
| Fixed assets | 21/28 | €2,022 | €14,302 | +€12,280 | +607% |
| Tangible fixed assets | 22/27 | €1,322 | €13,602 | +€12,280 | +929% |
| Plant, machinery and equipment | 23 | €233 | €107 | -€126 | -54.3% |
| Furniture and vehicles | 24 | €1,089 | €13,495 | +€12,407 | +1,140% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €176,012 | €179,426 | +€3,413 | +1.9% |
| Amounts receivable within one year | 40/41 | €34,167 | €25,949 | -€8,218 | -24.1% |
| Trade receivables | 40 | €34,167 | €25,803 | -€8,364 | -24.5% |
| Other amounts receivable | 41 | - | €145 | +€145 | |
| Current investments | 50/53 | €73,578 | €73,578 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,997 | €78,103 | +€11,106 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,271 | €1,796 | +€526 | +41.4% |
| Total equity and liabilities | 10/49 | €178,034 | €193,728 | +€15,694 | +8.8% |
| Equity | 10/15 | €154,960 | €16,194 | -€138,766 | -89.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €151,960 | €13,194 | -€138,766 | -91.3% |
| Distributable reserves | 133 | €151,960 | €13,194 | -€138,766 | -91.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,074 | €177,534 | +€154,460 | +669% |
| Amounts payable within one year | 42/48 | €23,074 | €177,534 | +€154,460 | +669% |
| Trade debts | 44 | €1,637 | €14,475 | +€12,838 | +784% |
| Suppliers | 440/4 | €1,637 | €14,475 | +€12,838 | +784% |
| Taxes, remuneration and social security | 45 | €21,405 | €6,778 | -€14,627 | -68.3% |
| Taxes | 450/3 | €21,405 | €6,778 | -€14,627 | -68.3% |
| Other amounts payable | 47/48 | €32 | €156,281 | +€156,249 | +488,278% |
| Non-recurring operating income | 76A | - | €2,893 | +€2,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,906 | €6,220 | +€2,314 | +59.2% |
| Other operating charges | 640/8 | €630 | €984 | +€354 | +56.1% |
| Gross operating margin | 9900 | €69,203 | €62,885 | -€6,318 | -9.1% |
| Operating profit (loss) | 9901 | €64,667 | €55,682 | -€8,985 | -13.9% |
| Financial charges | 65/66B | €221 | €192 | -€28 | -12.7% |
| Recurring financial charges | 65 | €221 | €192 | -€28 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €64,446 | €55,489 | -€8,957 | -13.9% |
| Income taxes | 67/77 | €13,636 | €11,855 | -€1,782 | -13.1% |
| Profit (loss) for the period | 9904 | €50,810 | €43,635 | -€7,176 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,810 | €43,635 | -€7,176 | -14.1% |
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 26 October 2026 via checked.be.