EXCELLENCE & CO: 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.
EXCELLENCE & CO
Largest movements
- Cash +€3,484
up €3,484 (+76.0%), from €4,586 to €8,070
mainly Net result for the year (+€5,847)
- Stocks and contracts +€1,102
up €1,102 (+12.3%), from €8,934 to €10,036
- Profit (loss) carried forward +€5,847
up €5,847 (+77.8%), from €7,519 to €13,366
- Tax, wage and social debts -€888
no longer reported in 2024 (was €888)
of which Remuneration and social security: -€574
- Trade debts -€301
down €301 (-30.1%), from €1,001 to €700
- Turnover +€15,453
up €15,453 (+21.7%), from €71,171 to €86,624
- Purchases and services +€11,995
up €11,995 (+17.6%), from €68,294 to €80,290
- Gross operating margin +€3,458
up €3,458 (+120%), from €2,877 to €6,334
- Taxes -€1,127
no longer reported in 2024 (was €1,127)
- Financial charges -€979
down €979 (-77.7%), from €1,260 to €280
of which Non-recurring financial charges: -€1,086
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 | €17,108 | €21,766 | +€4,658 | +27.2% |
| Fixed assets | 21/28 | €2,725 | €2,725 | = | 0.0% |
| Financial fixed assets | 28 | €2,725 | €2,725 | = | 0.0% |
| Current assets | 29/58 | €14,383 | €19,041 | +€4,658 | +32.4% |
| Stocks and contracts in progress | 3 | €8,934 | €10,036 | +€1,102 | +12.3% |
| Stocks | 30/36 | €8,934 | €10,036 | +€1,102 | +12.3% |
| Amounts receivable within one year | 40/41 | €863 | €935 | +€73 | +8.4% |
| Trade receivables | 40 | €369 | €117 | -€252 | -68.3% |
| Other amounts receivable | 41 | €494 | €818 | +€325 | +65.8% |
| Cash at bank and in hand | 54/58 | €4,586 | €8,070 | +€3,484 | +76.0% |
| Total equity and liabilities | 10/49 | €17,108 | €21,766 | +€4,658 | +27.2% |
| Equity | 10/15 | €15,219 | €21,066 | +€5,847 | +38.4% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Contributions outside capital | 11 | €7,700 | €7,700 | = | 0.0% |
| Share premium | 1100/10 | €7,700 | €7,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,519 | €13,366 | +€5,847 | +77.8% |
| Amounts payable | 17/49 | €1,889 | €700 | -€1,189 | -62.9% |
| Amounts payable within one year | 42/48 | €1,889 | €700 | -€1,189 | -62.9% |
| Trade debts | 44 | €1,001 | €700 | -€301 | -30.1% |
| Suppliers | 440/4 | €1,001 | €700 | -€301 | -30.1% |
| Taxes, remuneration and social security | 45 | €888 | - | -€888 | |
| Taxes | 450/3 | €315 | - | -€315 | |
| Remuneration and social security | 454/9 | €574 | - | -€574 | |
| Turnover | 70 | €71,171 | €86,624 | +€15,453 | +21.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,294 | €80,290 | +€11,995 | +17.6% |
| Other operating charges | 640/8 | €226 | €207 | -€19 | -8.3% |
| Gross operating margin | 9900 | €2,877 | €6,334 | +€3,458 | +120% |
| Operating profit (loss) | 9901 | €2,651 | €6,127 | +€3,477 | +131% |
| Financial charges | 65/66B | €1,260 | €280 | -€979 | -77.7% |
| Recurring financial charges | 65 | €156 | €263 | +€107 | +68.8% |
| Non-recurring financial charges | 66B | €1,104 | €18 | -€1,086 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €1,391 | €5,847 | +€4,456 | +320% |
| Income taxes | 67/77 | €1,127 | - | -€1,127 | |
| Profit (loss) for the period | 9904 | €264 | €5,847 | +€5,583 | +2,112% |
| Profit (loss) for the period to be appropriated | 9905 | €264 | €5,847 | +€5,583 | +2,112% |
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 23 October 2026 via checked.be.