EXCALIBUR CONSULTING: 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 CONSULTING
Largest movements
- Cash +€72,370
up €72,370 (+1,604%), from €4,513 to €76,882
mainly Net result for the year (+€39,405) and Current investments (+€36,723)
- Current investments -€36,723
no longer reported in 2025 (was €36,723)
- Reserves +€39,405
up €39,405 (+14.3%), from €274,733 to €314,138
- Tax, wage and social debts -€7,823
down €7,823 (-48.8%), from €16,025 to €8,202
- Depreciation +€3,316
up €3,316 (+13.9%), from €23,821 to €27,138
- Taxes -€1,309
down €1,309 (-7.7%), from €17,070 to €15,761
- Gross operating margin -€1,272
down €1,272 (-1.5%), from €86,716 to €85,445
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,461 | €532,567 | +€31,106 | +6.2% |
| Fixed assets | 21/28 | €423,962 | €422,937 | -€1,025 | -0.2% |
| Tangible fixed assets | 22/27 | €423,943 | €422,918 | -€1,025 | -0.2% |
| Land and buildings | 22 | €420,153 | €420,271 | +€118 | 0.0% |
| Plant, machinery and equipment | 23 | €3,700 | €2,647 | -€1,054 | -28.5% |
| Furniture and vehicles | 24 | €90 | €0 | -€90 | -100% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €77,499 | €109,630 | +€32,131 | +41.5% |
| Amounts receivable within one year | 40/41 | €35,472 | €31,922 | -€3,550 | -10.0% |
| Trade receivables | 40 | €24,369 | €27,753 | +€3,384 | +13.9% |
| Other amounts receivable | 41 | €11,103 | €4,169 | -€6,934 | -62.4% |
| Current investments | 50/53 | €36,723 | - | -€36,723 | |
| Cash at bank and in hand | 54/58 | €4,513 | €76,882 | +€72,370 | +1,604% |
| Deferred charges and accrued income | 490/1 | €792 | €826 | +€34 | +4.3% |
| Total equity and liabilities | 10/49 | €501,461 | €532,567 | +€31,106 | +6.2% |
| Equity | 10/15 | €482,338 | €521,744 | +€39,405 | +8.2% |
| Contributions | 10/11 | €207,605 | €207,605 | = | 0.0% |
| Reserves | 13 | €274,733 | €314,138 | +€39,405 | +14.3% |
| Distributable reserves | 133 | €274,733 | €314,138 | +€39,405 | +14.3% |
| Amounts payable | 17/49 | €19,123 | €10,823 | -€8,299 | -43.4% |
| Amounts payable within one year | 42/48 | €19,123 | €10,823 | -€8,299 | -43.4% |
| Trade debts | 44 | €3,045 | €1,556 | -€1,489 | -48.9% |
| Suppliers | 440/4 | €3,045 | €1,556 | -€1,489 | -48.9% |
| Taxes, remuneration and social security | 45 | €16,025 | €8,202 | -€7,823 | -48.8% |
| Taxes | 450/3 | €16,025 | €8,202 | -€7,823 | -48.8% |
| Other amounts payable | 47/48 | €52 | €1,065 | +€1,013 | +1,944% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,821 | €27,138 | +€3,316 | +13.9% |
| Other operating charges | 640/8 | €2,586 | €3,112 | +€525 | +20.3% |
| Gross operating margin | 9900 | €86,716 | €85,445 | -€1,272 | -1.5% |
| Operating profit (loss) | 9901 | €60,309 | €55,195 | -€5,114 | -8.5% |
| Financial income | 75/76B | €89 | €41 | -€47 | -53.3% |
| Recurring financial income | 75 | €89 | €41 | -€47 | -53.3% |
| Financial charges | 65/66B | €100 | €70 | -€29 | -29.3% |
| Recurring financial charges | 65 | €100 | €70 | -€29 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €60,298 | €55,166 | -€5,132 | -8.5% |
| Income taxes | 67/77 | €17,070 | €15,761 | -€1,309 | -7.7% |
| Profit (loss) for the period | 9904 | €43,228 | €39,405 | -€3,822 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,228 | €39,405 | -€3,822 | -8.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.