EXCALIBUR: 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.
EXCALIBUR
Largest movements
- Tangible fixed assets -€12,285
down €12,285 (-28.5%), from €43,134 to €30,849
of which Plant, machinery and equipment: -€7,632
- Cash -€3,295
down €3,295 (-33.4%), from €9,871 to €6,576
mainly Net result for the year (-€13,105) and Debts after one year (-€6,009)
- Receivables within one year -€1,748
down €1,748 (-3.0%), from €58,545 to €56,796
of which Other amounts receivable: -€1,792
- Deferred charges and accrued income -€1,351
no longer reported in 2024 (was €1,351)
- Profit (loss) carried forward -€13,105
down €13,105 (-37.5%), from €34,937 to €21,832
- Debts after one year -€6,009
down €6,009 (-48.8%), from €12,313 to €6,304
- Tax, wage and social debts +€2,155
up €2,155 (+40.0%), from €5,388 to €7,543
of which Remuneration and social security: +€2,250
- Trade debts -€1,898
down €1,898 (-32.0%), from €5,937 to €4,039
- Gross operating margin -€4,951
down €4,951 (-11.6%), from €42,791 to €37,840
- Staff costs +€2,498
up €2,498 (+7.2%), from €34,866 to €37,364
- Depreciation -€1,053
down €1,053 (-7.9%), from €13,338 to €12,285
- Other operating charges -€751
down €751 (-54.8%), from €1,369 to €619
- Financial income +€463
up €463 (+12.1%), from €3,812 to €4,274
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 | €114,607 | €95,812 | -€18,795 | -16.4% |
| Fixed assets | 21/28 | €43,224 | €30,939 | -€12,285 | -28.4% |
| Tangible fixed assets | 22/27 | €43,134 | €30,849 | -€12,285 | -28.5% |
| Land and buildings | 22 | €14,677 | €10,510 | -€4,167 | -28.4% |
| Plant, machinery and equipment | 23 | €27,971 | €20,340 | -€7,632 | -27.3% |
| Furniture and vehicles | 24 | €486 | - | -€486 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €71,383 | €64,873 | -€6,510 | -9.1% |
| Stocks and contracts in progress | 3 | €1,616 | €1,501 | -€115 | -7.1% |
| Stocks | 30/36 | €1,616 | €1,501 | -€115 | -7.1% |
| Amounts receivable within one year | 40/41 | €58,545 | €56,796 | -€1,748 | -3.0% |
| Trade receivables | 40 | €198 | €242 | +€44 | +22.0% |
| Other amounts receivable | 41 | €58,346 | €56,554 | -€1,792 | -3.1% |
| Cash at bank and in hand | 54/58 | €9,871 | €6,576 | -€3,295 | -33.4% |
| Deferred charges and accrued income | 490/1 | €1,351 | - | -€1,351 | |
| Total equity and liabilities | 10/49 | €114,607 | €95,812 | -€18,795 | -16.4% |
| Equity | 10/15 | €72,804 | €59,699 | -€13,105 | -18.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €31,669 | €31,669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,542 | €2,542 | = | 0.0% |
| Distributable reserves | 133 | €27,268 | €27,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,937 | €21,832 | -€13,105 | -37.5% |
| Amounts payable | 17/49 | €41,803 | €36,113 | -€5,690 | -13.6% |
| Amounts payable after more than one year | 17 | €12,313 | €6,304 | -€6,009 | -48.8% |
| Financial debts | 170/4 | €12,313 | €6,304 | -€6,009 | -48.8% |
| Amounts payable within one year | 42/48 | €29,489 | €29,809 | +€319 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €5,726 | €6,009 | +€283 | +4.9% |
| Financial debts | 43 | €12,230 | €12,009 | -€221 | -1.8% |
| Credit institutions | 430/8 | €12,230 | €12,009 | -€221 | -1.8% |
| Trade debts | 44 | €5,937 | €4,039 | -€1,898 | -32.0% |
| Suppliers | 440/4 | €5,937 | €4,039 | -€1,898 | -32.0% |
| Taxes, remuneration and social security | 45 | €5,388 | €7,543 | +€2,155 | +40.0% |
| Taxes | 450/3 | €920 | €824 | -€95 | -10.4% |
| Remuneration and social security | 454/9 | €4,469 | €6,719 | +€2,250 | +50.4% |
| Other amounts payable | 47/48 | €209 | €209 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €34,866 | €37,364 | +€2,498 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,338 | €12,285 | -€1,053 | -7.9% |
| Other operating charges | 640/8 | €1,369 | €619 | -€751 | -54.8% |
| Non-recurring operating charges | 66A | - | €317 | +€317 | |
| Gross operating margin | 9900 | €42,791 | €37,840 | -€4,951 | -11.6% |
| Operating profit (loss) | 9901 | -€6,782 | -€12,744 | -€5,962 | -87.9% |
| Financial income | 75/76B | €3,812 | €4,274 | +€463 | +12.1% |
| Recurring financial income | 75 | €3,812 | €4,274 | +€463 | +12.1% |
| Financial charges | 65/66B | €4,490 | €4,576 | +€86 | +1.9% |
| Recurring financial charges | 65 | €4,490 | €4,576 | +€86 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,461 | -€13,046 | -€5,585 | -74.9% |
| Income taxes | 67/77 | €56 | €59 | +€3 | +6.1% |
| Profit (loss) for the period | 9904 | -€7,516 | -€13,105 | -€5,589 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,516 | -€13,105 | -€5,589 | -74.4% |
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 16 October 2026 via checked.be.