Excelsior 79-81: what changed
What changed
Excelsior 79-81
filed annual accounts (NBB)
Net result for the year
€13,408
2023 · -€159,583+€172,991
Equity
-€230,190
2023 · -€243,598+€13,408
Cash
€881
2023 · €2,070-€1,189
Balance sheet total
€2.7m
2023 · €2.5m+€120,502
Largest movements
Assets
- Deferred charges and accrued income +€180,000
new in 2024: €180,000
- Tangible fixed assets -€73,137
down €73,137 (-2.9%), from €2.5m to €2.4m
Equity and liabilities
- Debts after one year +€63,400
up €63,400 (+2.4%), from €2.7m to €2.7m
- Accrued charges and deferred income +€41,243
up €41,243 (+65.8%), from €62,636 to €103,879
Income statement
- Gross operating margin +€179,682
up €179,682, from -€580 to €179,102
- Other operating charges +€4,569
up €4,569 (+9.5%), from €48,150 to €52,719
- Depreciation +€3,786
up €3,786 (+5.5%), from €69,350 to €73,136
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€159,583
Gross operating margin
+€179,682
Depreciation
-€3,786
Other operating charges
-€4,569
Financial charges
+€1,664
Result 2024
€13,408
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€64,590
Investment
+€1
Financing
+€63,400
Cash 2023
€2,070
From operations (derived)
-€64,590
Net result for the year
+€13,408
Depreciation
+€73,136
Receivables after one year
-€14,828
Deferred charges and accrued income
-€180,000
Trade debts
+€2,451
Accrued charges and deferred income
+€41,243
Investment (derived)
+€1
Investment in fixed assets (net)
+€1
Financing
+€63,400
Debts after one year
+€63,400
Cash 2024
€881
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,531,499 | €2,652,001 | +€120,502 | +4.8% |
| Fixed assets | 21/28 | €2,515,865 | €2,442,728 | -€73,137 | -2.9% |
| Tangible fixed assets | 22/27 | €2,515,865 | €2,442,728 | -€73,137 | -2.9% |
| Land and buildings | 22 | €2,515,865 | €2,442,728 | -€73,137 | -2.9% |
| Current assets | 29/58 | €15,634 | €209,273 | +€193,639 | +1,239% |
| Amounts receivable after more than one year | 29 | €13,564 | €28,392 | +€14,828 | +109% |
| Trade receivables | 290 | €13,564 | €28,392 | +€14,828 | +109% |
| Cash at bank and in hand | 54/58 | €2,070 | €881 | -€1,189 | -57.4% |
| Deferred charges and accrued income | 490/1 | - | €180,000 | +€180,000 | |
| Total equity and liabilities | 10/49 | €2,531,499 | €2,652,001 | +€120,502 | +4.8% |
| Equity | 10/15 | -€243,598 | -€230,190 | +€13,408 | +5.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,598 | -€231,190 | +€13,408 | +5.5% |
| Amounts payable | 17/49 | €2,775,097 | €2,882,191 | +€107,094 | +3.9% |
| Amounts payable after more than one year | 17 | €2,664,638 | €2,728,038 | +€63,400 | +2.4% |
| Other amounts payable | 178/9 | €2,664,638 | €2,728,038 | +€63,400 | +2.4% |
| Amounts payable within one year | 42/48 | €47,823 | €50,274 | +€2,451 | +5.1% |
| Trade debts | 44 | €47,823 | €50,274 | +€2,451 | +5.1% |
| Suppliers | 440/4 | €47,823 | €50,274 | +€2,451 | +5.1% |
| Accrued charges and deferred income | 492/3 | €62,636 | €103,879 | +€41,243 | +65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,350 | €73,136 | +€3,786 | +5.5% |
| Other operating charges | 640/8 | €48,150 | €52,719 | +€4,569 | +9.5% |
| Gross operating margin | 9900 | -€580 | €179,102 | +€179,682 | |
| Operating profit (loss) | 9901 | -€118,080 | €53,247 | +€171,327 | |
| Financial charges | 65/66B | €41,503 | €39,839 | -€1,664 | -4.0% |
| Recurring financial charges | 65 | €41,503 | €39,839 | -€1,664 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€159,583 | €13,408 | +€172,991 | |
| Profit (loss) for the period | 9904 | -€159,583 | €13,408 | +€172,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€159,583 | €13,408 | +€172,991 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.