EXCELSIOR 40: 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 40
Largest movements
- Cash -€55,745
down €55,745 (-50.8%), from €109,742 to €53,997
mainly Debts after one year (-€151,182)
- Tangible fixed assets -€23,854
down €23,854 (-2.8%), from €856,369 to €832,515
- Debts after one year -€151,182
down €151,182 (-16.0%), from €941,994 to €790,812
- Profit (loss) carried forward +€45,093
up €45,093 (+903%), from €4,995 to €50,088
- Tax, wage and social debts +€13,366
up €13,366 (+803%), from €1,665 to €15,031
- Gross operating margin +€15,087
up €15,087 (+18.1%), from €83,222 to €98,309
- Taxes +€13,366
up €13,366 (+803%), from €1,665 to €15,031
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 | €966,111 | €886,512 | -€79,599 | -8.2% |
| Fixed assets | 21/28 | €856,369 | €832,515 | -€23,854 | -2.8% |
| Tangible fixed assets | 22/27 | €856,369 | €832,515 | -€23,854 | -2.8% |
| Land and buildings | 22 | €856,369 | €832,515 | -€23,854 | -2.8% |
| Current assets | 29/58 | €109,742 | €53,997 | -€55,745 | -50.8% |
| Cash at bank and in hand | 54/58 | €109,742 | €53,997 | -€55,745 | -50.8% |
| Total equity and liabilities | 10/49 | €966,111 | €886,512 | -€79,599 | -8.2% |
| Equity | 10/15 | €5,995 | €51,088 | +€45,093 | +752% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,995 | €50,088 | +€45,093 | +903% |
| Amounts payable | 17/49 | €960,116 | €835,424 | -€124,692 | -13.0% |
| Amounts payable after more than one year | 17 | €941,994 | €790,812 | -€151,182 | -16.0% |
| Financial debts | 170/4 | €941,994 | €790,812 | -€151,182 | -16.0% |
| Amounts payable within one year | 42/48 | €7,737 | €30,248 | +€22,511 | +291% |
| Trade debts | 44 | €6,072 | €15,217 | +€9,145 | +151% |
| Suppliers | 440/4 | €6,072 | €15,217 | +€9,145 | +151% |
| Taxes, remuneration and social security | 45 | €1,665 | €15,031 | +€13,366 | +803% |
| Taxes | 450/3 | €1,665 | €15,031 | +€13,366 | +803% |
| Accrued charges and deferred income | 492/3 | €10,385 | €14,364 | +€3,979 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,854 | €23,854 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €968 | +€584 | +152% |
| Gross operating margin | 9900 | €83,222 | €98,309 | +€15,087 | +18.1% |
| Operating profit (loss) | 9901 | €58,984 | €73,487 | +€14,503 | +24.6% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €14,314 | €13,403 | -€911 | -6.4% |
| Recurring financial charges | 65 | €14,314 | €13,403 | -€911 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €44,670 | €60,124 | +€15,454 | +34.6% |
| Income taxes | 67/77 | €1,665 | €15,031 | +€13,366 | +803% |
| Profit (loss) for the period | 9904 | €43,005 | €45,093 | +€2,088 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,005 | €45,093 | +€2,088 | +4.9% |
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 16 October 2026 via checked.be.