EXCELSIOR: 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.
EXCELSIOR
Largest movements
- Cash +€43,282
up €43,282 (+1251.2%), from €3,459 to €46,741
mainly Net result for the year (+€29,713) and Advances received (+€28,000)
- Tangible fixed assets +€2,842
up €2,842 (+124.9%), from €2,274 to €5,116
of which Plant, machinery and equipment: +€3,507
- Receivables within one year -€1,343
down €1,343 (-17.5%), from €7,690 to €6,347
of which Trade receivables: -€2,869
- Profit (loss) carried forward +€29,713
up €29,713 (+52.4%), from -€56,690 to -€26,977
- Advances received +€28,000
new in 2024: €28,000
- Other debts -€26,634
down €26,634 (-61.6%), from €43,266 to €16,632
- Tax, wage and social debts +€17,056
up €17,056 (+1527.6%), from €1,117 to €18,173
- Current portion of long-term debt -€2,433
down €2,433 (-49.7%), from €4,899 to €2,466
- Gross operating margin +€45,844
up €45,844, from -€1,803 to €44,041
- Taxes +€9,047
new in 2024: €9,047
- Depreciation -€1,761
down €1,761 (-53.7%), from €3,279 to €1,519
- Financial charges +€1,666
up €1,666 (+103.7%), from €1,606 to €3,272
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 | €13,513 | €58,294 | +€44,780 | +331.4% |
| Fixed assets | 21/28 | €2,364 | €5,206 | +€2,842 | +120.2% |
| Tangible fixed assets | 22/27 | €2,274 | €5,116 | +€2,842 | +124.9% |
| Plant, machinery and equipment | 23 | €834 | €4,340 | +€3,507 | +420.7% |
| Furniture and vehicles | 24 | €1,441 | €776 | -€665 | -46.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €11,149 | €53,088 | +€41,939 | +376.2% |
| Amounts receivable within one year | 40/41 | €7,690 | €6,347 | -€1,343 | -17.5% |
| Trade receivables | 40 | €2,869 | - | -€2,869 | |
| Other amounts receivable | 41 | €4,821 | €6,347 | +€1,526 | +31.7% |
| Cash at bank and in hand | 54/58 | €3,459 | €46,741 | +€43,282 | +1251.2% |
| Total equity and liabilities | 10/49 | €13,513 | €58,294 | +€44,780 | +331.4% |
| Equity | 10/15 | -€36,690 | -€6,977 | +€29,713 | +81.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,690 | -€26,977 | +€29,713 | +52.4% |
| Amounts payable | 17/49 | €50,203 | €65,270 | +€15,067 | +30.0% |
| Amounts payable within one year | 42/48 | €50,203 | €65,270 | +€15,067 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €4,899 | €2,466 | -€2,433 | -49.7% |
| Trade debts | 44 | €922 | - | -€922 | |
| Suppliers | 440/4 | €922 | - | -€922 | |
| Advances received on contracts in progress | 46 | - | €28,000 | +€28,000 | |
| Taxes, remuneration and social security | 45 | €1,117 | €18,173 | +€17,056 | +1527.6% |
| Taxes | 450/3 | €1,117 | €18,173 | +€17,056 | +1527.6% |
| Other amounts payable | 47/48 | €43,266 | €16,632 | -€26,634 | -61.6% |
| Non-recurring operating income | 76A | €20,454 | - | -€20,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,279 | €1,519 | -€1,761 | -53.7% |
| Other operating charges | 640/8 | €703 | €536 | -€167 | -23.8% |
| Gross operating margin | 9900 | -€1,803 | €44,041 | +€45,844 | |
| Operating profit (loss) | 9901 | -€5,786 | €41,986 | +€47,772 | |
| Financial income | 75/76B | €215 | €45 | -€170 | -79.1% |
| Recurring financial income | 75 | €215 | €45 | -€170 | -79.1% |
| Financial charges | 65/66B | €1,606 | €3,272 | +€1,666 | +103.7% |
| Recurring financial charges | 65 | €1,606 | €3,272 | +€1,666 | +103.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,177 | €38,760 | +€45,936 | |
| Income taxes | 67/77 | - | €9,047 | +€9,047 | |
| Profit (loss) for the period | 9904 | -€7,177 | €29,713 | +€36,890 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,177 | €29,713 | +€36,890 |
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 29 September 2026 via checked.be.