Excelsior 9: 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 9
Largest movements
- Deferred charges and accrued income +€23,040
new in 2024: €23,040
- Tangible fixed assets -€18,947
down €18,947 (-2.7%), from €704,522 to €685,575
- Receivables after one year +€8,614
up €8,614 (+231%), from €3,721 to €12,335
- Profit (loss) carried forward -€17,598
down €17,598 (-27.8%), from -€63,231 to -€80,829
- Debts after one year +€16,000
up €16,000 (+2.1%), from €746,395 to €762,395
- Accrued charges and deferred income +€11,033
up €11,033 (+68.5%), from €16,112 to €27,145
- Gross operating margin +€23,646
up €23,646, from -€581 to €23,065
- Other operating charges +€447
up €447 (+4.5%), from €9,910 to €10,357
- Financial charges +€283
up €283 (+2.6%), from €11,076 to €11,359
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 | €710,034 | €722,238 | +€12,204 | +1.7% |
| 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 | €5,512 | €36,663 | +€31,151 | +565% |
| Amounts receivable after more than one year | 29 | €3,721 | €12,335 | +€8,614 | +231% |
| Trade receivables | 290 | €3,721 | €12,335 | +€8,614 | +231% |
| Cash at bank and in hand | 54/58 | €1,791 | €1,288 | -€503 | -28.1% |
| Deferred charges and accrued income | 490/1 | - | €23,040 | +€23,040 | |
| Total equity and liabilities | 10/49 | €710,034 | €722,238 | +€12,204 | +1.7% |
| Equity | 10/15 | -€62,231 | -€79,829 | -€17,598 | -28.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,231 | -€80,829 | -€17,598 | -27.8% |
| Amounts payable | 17/49 | €772,265 | €802,067 | +€29,802 | +3.9% |
| Amounts payable after more than one year | 17 | €746,395 | €762,395 | +€16,000 | +2.1% |
| Other amounts payable | 178/9 | €746,395 | €762,395 | +€16,000 | +2.1% |
| Amounts payable within one year | 42/48 | €9,758 | €12,527 | +€2,769 | +28.4% |
| Trade debts | 44 | €9,758 | €12,527 | +€2,769 | +28.4% |
| Suppliers | 440/4 | €9,758 | €12,527 | +€2,769 | +28.4% |
| Accrued charges and deferred income | 492/3 | €16,112 | €27,145 | +€11,033 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,037 | €18,947 | -€90 | -0.5% |
| Other operating charges | 640/8 | €9,910 | €10,357 | +€447 | +4.5% |
| Gross operating margin | 9900 | -€581 | €23,065 | +€23,646 | |
| Operating profit (loss) | 9901 | -€29,528 | -€6,239 | +€23,289 | +78.9% |
| Financial charges | 65/66B | €11,076 | €11,359 | +€283 | +2.6% |
| Recurring financial charges | 65 | €11,076 | €11,359 | +€283 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€40,604 | -€17,598 | +€23,006 | +56.7% |
| Profit (loss) for the period | 9904 | -€40,604 | -€17,598 | +€23,006 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,604 | -€17,598 | +€23,006 | +56.7% |
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.