Doc Excelsior: 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.
Doc Excelsior
Largest movements
- Deferred charges and accrued income +€156,001
up €156,001 (+566%), from €27,538 to €183,539
- Tangible fixed assets -€86,468
down €86,468 (-4.5%), from €1.9m to €1.8m
of which Land and buildings: -€64,233
- Receivables after one year +€32,254
up €32,254 (+708%), from €4,554 to €36,808
- Trade debts +€55,842
up €55,842 (+956%), from €5,839 to €61,681
- Accrued charges and deferred income +€37,437
up €37,437 (+27.0%), from €138,705 to €176,142
- Debts after one year +€22,000
up €22,000 (+0.9%), from €2.6m to €2.6m
- Gross operating margin +€138,067
up €138,067 (+459%), from €30,065 to €168,132
- Financial charges +€49,861
up €49,861, from -€12,380 to €37,481
- Other operating charges +€3,490
up €3,490 (+6.5%), from €53,456 to €56,946
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.
Derived cash bridge
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 | €1,973,341 | €2,075,858 | +€102,517 | +5.2% |
| Fixed assets | 21/28 | €1,932,994 | €1,846,526 | -€86,468 | -4.5% |
| Tangible fixed assets | 22/27 | €1,932,994 | €1,846,526 | -€86,468 | -4.5% |
| Land and buildings | 22 | €1,900,664 | €1,836,431 | -€64,233 | -3.4% |
| Plant, machinery and equipment | 23 | €28,603 | €9,205 | -€19,398 | -67.8% |
| Furniture and vehicles | 24 | €3,727 | €890 | -€2,837 | -76.1% |
| Current assets | 29/58 | €40,347 | €229,332 | +€188,985 | +468% |
| Amounts receivable after more than one year | 29 | €4,554 | €36,808 | +€32,254 | +708% |
| Trade receivables | 290 | €4,554 | €36,808 | +€32,254 | +708% |
| Amounts receivable within one year | 40/41 | €6,190 | €7,266 | +€1,076 | +17.4% |
| Trade receivables | 40 | €5,267 | €4,867 | -€400 | -7.6% |
| Other amounts receivable | 41 | €923 | €2,399 | +€1,476 | +160% |
| Cash at bank and in hand | 54/58 | €2,065 | €1,719 | -€346 | -16.8% |
| Deferred charges and accrued income | 490/1 | €27,538 | €183,539 | +€156,001 | +566% |
| Total equity and liabilities | 10/49 | €1,973,341 | €2,075,858 | +€102,517 | +5.2% |
| Equity | 10/15 | -€871,969 | -€884,732 | -€12,763 | -1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€891,969 | -€904,732 | -€12,763 | -1.4% |
| Amounts payable | 17/49 | €2,845,310 | €2,960,590 | +€115,280 | +4.1% |
| Amounts payable after more than one year | 17 | €2,569,602 | €2,591,602 | +€22,000 | +0.9% |
| Other amounts payable | 178/9 | €2,569,602 | €2,591,602 | +€22,000 | +0.9% |
| Amounts payable within one year | 42/48 | €137,003 | €192,846 | +€55,843 | +40.8% |
| Trade debts | 44 | €5,839 | €61,681 | +€55,842 | +956% |
| Suppliers | 440/4 | €5,839 | €61,681 | +€55,842 | +956% |
| Taxes, remuneration and social security | 45 | €273 | €273 | = | 0.0% |
| Taxes | 450/3 | €273 | €273 | = | 0.0% |
| Other amounts payable | 47/48 | €130,891 | €130,892 | +€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €138,705 | €176,142 | +€37,437 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,468 | €86,468 | = | 0.0% |
| Other operating charges | 640/8 | €53,456 | €56,946 | +€3,490 | +6.5% |
| Gross operating margin | 9900 | €30,065 | €168,132 | +€138,067 | +459% |
| Operating profit (loss) | 9901 | -€109,859 | €24,718 | +€134,577 | |
| Financial charges | 65/66B | -€12,380 | €37,481 | +€49,861 | |
| Recurring financial charges | 65 | -€12,380 | €37,481 | +€49,861 | |
| Profit (loss) for the period before taxes | 9903 | -€97,479 | -€12,763 | +€84,716 | +86.9% |
| Profit (loss) for the period | 9904 | -€97,479 | -€12,763 | +€84,716 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,479 | -€12,763 | +€84,716 | +86.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.