FinExec: 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.
FinExec
Largest movements
- Receivables within one year -€146,478
down €146,478 (-73.4%), from €199,635 to €53,158
of which Trade receivables: -€133,731
- Cash +€98,265
up €98,265 (+64.2%), from €153,142 to €251,407
mainly Receivables within one year (+€146,478) and Other debts (+€100,000)
- Tangible fixed assets +€76,769
up €76,769 (+288.7%), from €26,593 to €103,362
of which Leasing and similar rights: +€73,224
- Other debts +€100,000
new in 2024: €100,000
- Trade debts -€41,657
down €41,657 (-46.3%), from €90,033 to €48,377
- Profit (loss) carried forward -€34,940
down €34,940 (-20.5%), from €170,026 to €135,087
- Tax, wage and social debts +€5,132
up €5,132 (+8.3%), from €61,860 to €66,992
- Provisions -€32,875
down €32,875 (-100.0%), from €32,875 to €0
- Gross operating margin -€29,222
down €29,222 (-19.5%), from €149,994 to €120,771
- Depreciation +€28,018
up €28,018 (+784.2%), from €3,573 to €31,591
- Taxes -€10,910
down €10,910 (-44.8%), from €24,342 to €13,432
- Other operating charges +€7,352
up €7,352 (+315.1%), from €2,333 to €9,685
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,370 | €408,433 | +€29,064 | +7.7% |
| Fixed assets | 21/28 | €26,593 | €103,362 | +€76,769 | +288.7% |
| Tangible fixed assets | 22/27 | €26,593 | €103,362 | +€76,769 | +288.7% |
| Furniture and vehicles | 24 | €26,593 | €30,138 | +€3,545 | +13.3% |
| Leasing and similar rights | 25 | - | €73,224 | +€73,224 | |
| Current assets | 29/58 | €352,777 | €305,072 | -€47,706 | -13.5% |
| Amounts receivable within one year | 40/41 | €199,635 | €53,158 | -€146,478 | -73.4% |
| Trade receivables | 40 | €167,889 | €34,158 | -€133,731 | -79.7% |
| Other amounts receivable | 41 | €31,747 | €19,000 | -€12,747 | -40.2% |
| Cash at bank and in hand | 54/58 | €153,142 | €251,407 | +€98,265 | +64.2% |
| Deferred charges and accrued income | 490/1 | - | €507 | +€507 | |
| Total equity and liabilities | 10/49 | €379,370 | €408,433 | +€29,064 | +7.7% |
| Equity | 10/15 | €171,526 | €136,587 | -€34,940 | -20.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,026 | €135,087 | -€34,940 | -20.5% |
| Provisions and deferred taxes | 16 | €55,950 | €55,950 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €55,950 | €55,950 | = | 0.0% |
| Other liabilities and charges | 164/5 | €55,950 | €55,950 | = | 0.0% |
| Amounts payable | 17/49 | €151,894 | €215,897 | +€64,003 | +42.1% |
| Amounts payable within one year | 42/48 | €151,894 | €215,369 | +€63,475 | +41.8% |
| Trade debts | 44 | €90,033 | €48,377 | -€41,657 | -46.3% |
| Suppliers | 440/4 | €90,033 | €48,377 | -€41,657 | -46.3% |
| Taxes, remuneration and social security | 45 | €61,860 | €66,992 | +€5,132 | +8.3% |
| Taxes | 450/3 | €61,860 | €66,992 | +€5,132 | +8.3% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | - | €528 | +€528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,573 | €31,591 | +€28,018 | +784.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €32,875 | €0 | -€32,875 | -100.0% |
| Other operating charges | 640/8 | €2,333 | €9,685 | +€7,352 | +315.1% |
| Gross operating margin | 9900 | €149,994 | €120,771 | -€29,222 | -19.5% |
| Operating profit (loss) | 9901 | €111,213 | €79,496 | -€31,717 | -28.5% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.4% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.4% |
| Financial charges | 65/66B | €728 | €1,004 | +€276 | +37.9% |
| Recurring financial charges | 65 | €728 | €726 | -€2 | -0.3% |
| Non-recurring financial charges | 66B | - | €278 | +€278 | |
| Profit (loss) for the period before taxes | 9903 | €110,501 | €78,492 | -€32,009 | -29.0% |
| Income taxes | 67/77 | €24,342 | €13,432 | -€10,910 | -44.8% |
| Profit (loss) for the period | 9904 | €86,160 | €65,060 | -€21,099 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,160 | €65,060 | -€21,099 | -24.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.