XECUTE: 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.
XECUTE
Largest movements
- Cash +€62,345
up €62,345 (+59.7%), from €104,473 to €166,818
mainly Other debts (+€142,400) and Net result for the year (+€58,993)
- Tangible fixed assets +€3,304
up €3,304 (+47.5%), from €6,958 to €10,262
of which Furniture and vehicles: +€3,749
- Other debts +€142,400
up €142,400 (+85767.3%), from €166 to €142,566
- Profit (loss) carried forward -€81,007
down €81,007 (-76.7%), from €105,547 to €24,540
- Tax, wage and social debts +€4,214
up €4,214 (+83.1%), from €5,070 to €9,284
- Gross operating margin +€5,768
up €5,768 (+7.4%), from €77,741 to €83,508
- Taxes +€3,608
up €3,608 (+23.4%), from €15,447 to €19,055
- Depreciation +€1,926
up €1,926 (+67.0%), from €2,875 to €4,801
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 | €133,883 | €200,204 | +€66,321 | +49.5% |
| Fixed assets | 21/28 | €6,958 | €10,262 | +€3,304 | +47.5% |
| Tangible fixed assets | 22/27 | €6,958 | €10,262 | +€3,304 | +47.5% |
| Furniture and vehicles | 24 | €5,600 | €9,348 | +€3,749 | +66.9% |
| Other tangible fixed assets | 26 | €1,359 | €914 | -€445 | -32.8% |
| Current assets | 29/58 | €126,925 | €189,942 | +€63,017 | +49.6% |
| Amounts receivable within one year | 40/41 | €22,186 | €22,630 | +€444 | +2.0% |
| Trade receivables | 40 | €19,424 | €19,989 | +€565 | +2.9% |
| Other amounts receivable | 41 | €2,763 | €2,641 | -€122 | -4.4% |
| Cash at bank and in hand | 54/58 | €104,473 | €166,818 | +€62,345 | +59.7% |
| Deferred charges and accrued income | 490/1 | €265 | €494 | +€229 | +86.3% |
| Total equity and liabilities | 10/49 | €133,883 | €200,204 | +€66,321 | +49.5% |
| Equity | 10/15 | €125,647 | €44,640 | -€81,007 | -64.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,547 | €24,540 | -€81,007 | -76.7% |
| Amounts payable | 17/49 | €8,235 | €155,563 | +€147,328 | +1789.0% |
| Amounts payable within one year | 42/48 | €8,092 | €155,498 | +€147,406 | +1821.6% |
| Financial debts | 43 | €191 | €454 | +€263 | +138.1% |
| Credit institutions | 430/8 | €191 | €454 | +€263 | +138.1% |
| Trade debts | 44 | €2,665 | €3,194 | +€529 | +19.8% |
| Suppliers | 440/4 | €2,665 | €3,194 | +€529 | +19.8% |
| Taxes, remuneration and social security | 45 | €5,070 | €9,284 | +€4,214 | +83.1% |
| Taxes | 450/3 | €5,070 | €9,284 | +€4,214 | +83.1% |
| Other amounts payable | 47/48 | €166 | €142,566 | +€142,400 | +85767.3% |
| Accrued charges and deferred income | 492/3 | €143 | €66 | -€78 | -54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,875 | €4,801 | +€1,926 | +67.0% |
| Other operating charges | 640/8 | €809 | €781 | -€28 | -3.4% |
| Non-recurring operating charges | 66A | - | €472 | +€472 | |
| Gross operating margin | 9900 | €77,741 | €83,508 | +€5,768 | +7.4% |
| Operating profit (loss) | 9901 | €74,057 | €77,455 | +€3,398 | +4.6% |
| Financial income | 75/76B | €269 | €871 | +€603 | +224.3% |
| Recurring financial income | 75 | €269 | €871 | +€603 | +224.3% |
| Financial charges | 65/66B | €324 | €278 | -€45 | -14.0% |
| Recurring financial charges | 65 | €324 | €278 | -€45 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €74,002 | €78,048 | +€4,046 | +5.5% |
| Income taxes | 67/77 | €15,447 | €19,055 | +€3,608 | +23.4% |
| Profit (loss) for the period | 9904 | €58,555 | €58,993 | +€438 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,555 | €58,993 | +€438 | +0.7% |
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 2 October 2026 via checked.be.