EXCALIBUR: 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.
EXCALIBUR
Largest movements
- Cash +€50,372
up €50,372 (+74.4%), from €67,717 to €118,088
mainly Other debts (+€54,337) and Net result for the year (+€37,735)
- Other debts +€54,337
up €54,337 (+1473.9%), from €3,687 to €58,024
- Profit (loss) carried forward -€40,346
down €40,346 (-100.0%), from €40,346 to €0
- Tax, wage and social debts +€37,557
up €37,557 (+1190.3%), from €3,155 to €40,712
of which Taxes: +€39,098
- Taxes +€16,767
up €16,767 (+1568.6%), from €1,069 to €17,836
- Gross operating margin +€15,651
up €15,651 (+29.2%), from €53,532 to €69,183
- Depreciation -€6,335
down €6,335 (-100.0%), from €6,335 to €0
- Staff costs +€1,434
up €1,434 (+27.7%), from €5,173 to €6,607
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 | €73,216 | €124,838 | +€51,623 | +70.5% |
| Fixed assets | 21/28 | €25 | €25 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €73,191 | €124,813 | +€51,623 | +70.5% |
| Stocks and contracts in progress | 3 | €2,600 | €3,706 | +€1,106 | +42.5% |
| Stocks | 30/36 | €2,600 | €3,706 | +€1,106 | +42.5% |
| Amounts receivable within one year | 40/41 | €413 | €1,183 | +€770 | +186.6% |
| Trade receivables | 40 | - | €770 | +€770 | |
| Other amounts receivable | 41 | €413 | €413 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,717 | €118,088 | +€50,372 | +74.4% |
| Deferred charges and accrued income | 490/1 | €2,461 | €1,836 | -€625 | -25.4% |
| Total equity and liabilities | 10/49 | €73,216 | €124,838 | +€51,623 | +70.5% |
| Equity | 10/15 | €62,472 | €22,126 | -€40,346 | -64.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,534 | €3,534 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,534 | €1,859 | -€1,675 | -47.4% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,675 | - | -€1,675 | |
| Tax-exempt reserves | 132 | - | €1,675 | +€1,675 | |
| Profit (loss) carried forward | 14 | €40,346 | €0 | -€40,346 | -100.0% |
| Amounts payable | 17/49 | €10,743 | €102,712 | +€91,969 | +856.1% |
| Amounts payable within one year | 42/48 | €10,743 | €102,712 | +€91,969 | +856.1% |
| Trade debts | 44 | €3,901 | €3,976 | +€75 | +1.9% |
| Suppliers | 440/4 | €3,901 | €3,976 | +€75 | +1.9% |
| Taxes, remuneration and social security | 45 | €3,155 | €40,712 | +€37,557 | +1190.3% |
| Taxes | 450/3 | €1,614 | €40,712 | +€39,098 | +2422.8% |
| Remuneration and social security | 454/9 | €1,541 | €0 | -€1,541 | -100.0% |
| Other amounts payable | 47/48 | €3,687 | €58,024 | +€54,337 | +1473.9% |
| Remuneration, social security and pensions | 62 | €5,173 | €6,607 | +€1,434 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,335 | €0 | -€6,335 | -100.0% |
| Other operating charges | 640/8 | €4,439 | €4,607 | +€168 | +3.8% |
| Gross operating margin | 9900 | €53,532 | €69,183 | +€15,651 | +29.2% |
| Operating profit (loss) | 9901 | €37,586 | €57,969 | +€20,384 | +54.2% |
| Financial charges | 65/66B | €2,075 | €2,398 | +€323 | +15.6% |
| Recurring financial charges | 65 | €2,075 | €2,398 | +€323 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €35,511 | €55,571 | +€20,061 | +56.5% |
| Income taxes | 67/77 | €1,069 | €17,836 | +€16,767 | +1568.6% |
| Profit (loss) for the period | 9904 | €34,442 | €37,735 | +€3,294 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,442 | €37,735 | +€3,294 | +9.6% |
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 5 October 2026 via checked.be.