EXCELLENTIA: 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.
EXCELLENTIA
Largest movements
- Receivables within one year +€33,591
up €33,591 (+65.5%), from €51,252 to €84,843
of which Trade receivables: +€33,591
- Tangible fixed assets -€12,418
down €12,418 (-21.0%), from €59,081 to €46,663
of which Furniture and vehicles: -€10,045
- Trade debts +€62,400
up €62,400 (+510%), from €12,238 to €74,639
- Profit (loss) carried forward -€36,107
down €36,107 (-26.0%), from -€138,781 to -€174,888
- Debts after one year -€14,149
down €14,149 (-41.6%), from €34,033 to €19,885
- Other debts +€8,112
up €8,112 (+6.1%), from €132,751 to €140,863
- Short-term financial debts +€6,900
up €6,900 (+24.1%), from €28,669 to €35,569
- Gross operating margin +€9,601
up €9,601 (+39.9%), from -€24,048 to -€14,447
- Financial charges +€804
up €804 (+15.5%), from €5,169 to €5,972
- Financial income +€271
up €271 (+541,620%), from €0 to €271
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 | €113,164 | €135,414 | +€22,251 | +19.7% |
| Fixed assets | 21/28 | €61,222 | €47,734 | -€13,488 | -22.0% |
| Intangible fixed assets | 21 | €2,141 | €1,071 | -€1,071 | -50.0% |
| Tangible fixed assets | 22/27 | €59,081 | €46,663 | -€12,418 | -21.0% |
| Land and buildings | 22 | €41,887 | €39,515 | -€2,372 | -5.7% |
| Furniture and vehicles | 24 | €17,194 | €7,148 | -€10,045 | -58.4% |
| Current assets | 29/58 | €51,941 | €87,680 | +€35,739 | +68.8% |
| Amounts receivable within one year | 40/41 | €51,252 | €84,843 | +€33,591 | +65.5% |
| Trade receivables | 40 | €51,252 | €84,843 | +€33,591 | +65.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €405 | €1,571 | +€1,166 | +288% |
| Deferred charges and accrued income | 490/1 | €284 | €1,266 | +€982 | +346% |
| Total equity and liabilities | 10/49 | €113,164 | €135,414 | +€22,251 | +19.7% |
| Equity | 10/15 | -€114,902 | -€151,009 | -€36,107 | -31.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €3,419 | €3,419 | = | 0.0% |
| Distributable reserves | 133 | €3,419 | €3,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,781 | -€174,888 | -€36,107 | -26.0% |
| Amounts payable | 17/49 | €228,065 | €286,423 | +€58,358 | +25.6% |
| Amounts payable after more than one year | 17 | €34,033 | €19,885 | -€14,149 | -41.6% |
| Financial debts | 170/4 | €34,033 | €19,885 | -€14,149 | -41.6% |
| Amounts payable within one year | 42/48 | €193,570 | €265,697 | +€72,127 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €15,959 | €14,149 | -€1,810 | -11.3% |
| Financial debts | 43 | €28,669 | €35,569 | +€6,900 | +24.1% |
| Credit institutions | 430/8 | €28,669 | €35,569 | +€6,900 | +24.1% |
| Trade debts | 44 | €12,238 | €74,639 | +€62,400 | +510% |
| Suppliers | 440/4 | €12,238 | €74,639 | +€62,400 | +510% |
| Taxes, remuneration and social security | 45 | €3,952 | €477 | -€3,476 | -87.9% |
| Taxes | 450/3 | €3,952 | €477 | -€3,476 | -87.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,751 | €140,863 | +€8,112 | +6.1% |
| Accrued charges and deferred income | 492/3 | €462 | €842 | +€380 | +82.2% |
| Non-recurring operating income | 76A | €1,235 | €1,082 | -€153 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,418 | €13,488 | +€70 | +0.5% |
| Other operating charges | 640/8 | €837 | €783 | -€54 | -6.4% |
| Non-recurring operating charges | 66A | €0 | €1,364 | +€1,364 | |
| Gross operating margin | 9900 | -€24,048 | -€14,447 | +€9,601 | +39.9% |
| Operating profit (loss) | 9901 | -€38,303 | -€30,082 | +€8,221 | +21.5% |
| Financial income | 75/76B | €0 | €271 | +€271 | +541,620% |
| Recurring financial income | 75 | €0 | €271 | +€271 | +541,620% |
| Financial charges | 65/66B | €5,169 | €5,972 | +€804 | +15.5% |
| Recurring financial charges | 65 | €5,169 | €5,972 | +€804 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,471 | -€35,783 | +€7,688 | +17.7% |
| Income taxes | 67/77 | €175 | €324 | +€149 | +85.4% |
| Profit (loss) for the period | 9904 | -€43,646 | -€36,107 | +€7,539 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,646 | -€36,107 | +€7,539 | +17.3% |
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 17 October 2026 via checked.be.