Excelsior 27: 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.
Excelsior 27
Largest movements
- Deferred charges and accrued income +€34,560
up €34,560 (+1,770%), from €1,953 to €36,513
- Tangible fixed assets -€18,947
down €18,947 (-2.7%), from €704,522 to €685,575
- Receivables after one year +€15,688
up €15,688 (+648%), from €2,420 to €18,108
of which Other amounts receivable: +€13,923
- Debts after one year +€16,500
up €16,500 (+2.2%), from €747,592 to €764,092
- Trade debts +€10,729
up €10,729 (+109%), from €9,867 to €20,596
- Gross operating margin +€26,519
up €26,519 (+332%), from €7,989 to €34,508
- Financial charges -€10,396
down €10,396 (-63.1%), from €16,480 to €6,084
- Depreciation +€729
up €729 (+4.0%), from €18,218 to €18,947
- Other operating charges +€598
up €598 (+6.1%), from €9,828 to €10,426
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 | €710,650 | €742,687 | +€32,037 | +4.5% |
| Fixed assets | 21/28 | €704,522 | €685,575 | -€18,947 | -2.7% |
| Tangible fixed assets | 22/27 | €704,522 | €685,575 | -€18,947 | -2.7% |
| Land and buildings | 22 | €704,522 | €685,575 | -€18,947 | -2.7% |
| Current assets | 29/58 | €6,128 | €57,112 | +€50,984 | +832% |
| Amounts receivable after more than one year | 29 | €2,420 | €18,108 | +€15,688 | +648% |
| Trade receivables | 290 | €2,420 | €4,185 | +€1,765 | +72.9% |
| Other amounts receivable | 291 | - | €13,923 | +€13,923 | |
| Cash at bank and in hand | 54/58 | €1,755 | €2,491 | +€736 | +41.9% |
| Deferred charges and accrued income | 490/1 | €1,953 | €36,513 | +€34,560 | +1,770% |
| Total equity and liabilities | 10/49 | €710,650 | €742,687 | +€32,037 | +4.5% |
| Equity | 10/15 | -€68,320 | -€69,269 | -€949 | -1.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,320 | -€70,269 | -€949 | -1.4% |
| Amounts payable | 17/49 | €778,970 | €811,956 | +€32,986 | +4.2% |
| Amounts payable after more than one year | 17 | €747,592 | €764,092 | +€16,500 | +2.2% |
| Other amounts payable | 178/9 | €747,592 | €764,092 | +€16,500 | +2.2% |
| Amounts payable within one year | 42/48 | €9,867 | €20,596 | +€10,729 | +109% |
| Trade debts | 44 | €9,867 | €20,596 | +€10,729 | +109% |
| Suppliers | 440/4 | €9,867 | €20,596 | +€10,729 | +109% |
| Accrued charges and deferred income | 492/3 | €21,511 | €27,268 | +€5,757 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,218 | €18,947 | +€729 | +4.0% |
| Other operating charges | 640/8 | €9,828 | €10,426 | +€598 | +6.1% |
| Gross operating margin | 9900 | €7,989 | €34,508 | +€26,519 | +332% |
| Operating profit (loss) | 9901 | -€20,057 | €5,135 | +€25,192 | |
| Financial charges | 65/66B | €16,480 | €6,084 | -€10,396 | -63.1% |
| Recurring financial charges | 65 | €16,480 | €6,084 | -€10,396 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,537 | -€949 | +€35,588 | +97.4% |
| Profit (loss) for the period | 9904 | -€36,537 | -€949 | +€35,588 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,537 | -€949 | +€35,588 | +97.4% |
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 19 October 2026 via checked.be.