EXCELLENCE IMMO: 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.
EXCELLENCE IMMO
Largest movements
- Cash +€26,471
up €26,471 (+69.7%), from €37,962 to €64,434
mainly Other debts (+€19,473) and Net result for the year (+€11,800)
- Tangible fixed assets -€7,310
down €7,310 (-4.4%), from €166,168 to €158,858
- Other debts +€19,473
up €19,473 (+10.6%), from €183,262 to €202,736
- Profit (loss) carried forward +€11,800
up €11,800 (+27.5%), from -€42,837 to -€31,038
- Tax, wage and social debts -€9,000
no longer reported in 2025 (was €9,000)
- Advances received +€5,893
up €5,893 (+15.3%), from €38,438 to €44,330
- Current portion of long-term debt -€3,807
no longer reported in 2025 (was €3,807)
- Gross operating margin +€25,620
up €25,620, from -€4,549 to €21,071
- Other operating charges +€1,908
up €1,908 (+721.2%), from €265 to €2,172
- Financial income +€523
new in 2025: €523
- Depreciation -€469
down €469 (-6.0%), from €7,779 to €7,310
- Financial charges -€372
down €372 (-54.5%), from €683 to €311
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.
Cash bridge derived
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 | €232,842 | €253,922 | +€21,080 | +9.1% |
| Fixed assets | 21/28 | €166,168 | €158,858 | -€7,310 | -4.4% |
| Tangible fixed assets | 22/27 | €166,168 | €158,858 | -€7,310 | -4.4% |
| Land and buildings | 22 | €166,168 | €158,858 | -€7,310 | -4.4% |
| Current assets | 29/58 | €66,674 | €95,064 | +€28,390 | +42.6% |
| Amounts receivable within one year | 40/41 | €28,712 | €30,630 | +€1,919 | +6.7% |
| Trade receivables | 40 | €8,804 | €12,501 | +€3,698 | +42.0% |
| Other amounts receivable | 41 | €19,908 | €18,129 | -€1,779 | -8.9% |
| Cash at bank and in hand | 54/58 | €37,962 | €64,434 | +€26,471 | +69.7% |
| Total equity and liabilities | 10/49 | €232,842 | €253,922 | +€21,080 | +9.1% |
| Equity | 10/15 | -€34,777 | -€22,978 | +€11,800 | +33.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,837 | -€31,038 | +€11,800 | +27.5% |
| Amounts payable | 17/49 | €267,620 | €276,900 | +€9,280 | +3.5% |
| Amounts payable within one year | 42/48 | €267,620 | €276,900 | +€9,280 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €3,807 | - | -€3,807 | |
| Trade debts | 44 | €33,113 | €29,834 | -€3,278 | -9.9% |
| Suppliers | 440/4 | €33,113 | €29,834 | -€3,278 | -9.9% |
| Advances received on contracts in progress | 46 | €38,438 | €44,330 | +€5,893 | +15.3% |
| Taxes, remuneration and social security | 45 | €9,000 | - | -€9,000 | |
| Remuneration and social security | 454/9 | €9,000 | - | -€9,000 | |
| Other amounts payable | 47/48 | €183,262 | €202,736 | +€19,473 | +10.6% |
| Non-recurring operating income | 76A | - | €21,500 | +€21,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,779 | €7,310 | -€469 | -6.0% |
| Other operating charges | 640/8 | €265 | €2,172 | +€1,908 | +721.2% |
| Gross operating margin | 9900 | -€4,549 | €21,071 | +€25,620 | |
| Operating profit (loss) | 9901 | -€12,593 | €11,588 | +€24,181 | |
| Financial income | 75/76B | - | €523 | +€523 | |
| Recurring financial income | 75 | - | €523 | +€523 | |
| Financial charges | 65/66B | €683 | €311 | -€372 | -54.5% |
| Recurring financial charges | 65 | €683 | €311 | -€372 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,277 | €11,800 | +€25,077 | |
| Profit (loss) for the period | 9904 | -€13,277 | €11,800 | +€25,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,277 | €11,800 | +€25,077 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.