EXCELSIOR CONSULTING: 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.
What changed
EXCELSIOR CONSULTING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€314,252
2024 · €210,061+€104,191
Equity
€1.8m
2024 · €1.5m+€314,252
Cash
€46,896
2024 · €38,800+€8,097
Balance sheet total
€3.0m
2024 · €2.7m+€326,727
Largest movements
Assets
- Receivables after one year +€306,215
up €306,215 (+22.7%), from €1.3m to €1.7m
- Receivables within one year +€38,111
up €38,111 (+86.8%), from €43,928 to €82,039
of which Trade receivables: +€64,978
Equity and liabilities
- Profit (loss) carried forward +€314,252
up €314,252 (+21.4%), from €1.5m to €1.8m
- Debts after one year -€127,378
down €127,378 (-12.6%), from €1.0m to €880,356
- Current portion of long-term debt +€64,782
new in 2025: €64,782
- Tax, wage and social debts +€63,036
up €63,036 (+46.1%), from €136,635 to €199,671
Income statement
- Gross operating margin +€130,225
up €130,225 (+40.5%), from €321,188 to €451,413
- Taxes +€34,460
up €34,460 (+44.9%), from €76,827 to €111,287
- Financial income +€8,077
up €8,077 (+21.8%), from €36,995 to €45,071
From the 2024 result to the 2025 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.
Result 2024
€210,061
Gross operating margin
+€130,225
Depreciation
+€334
Other operating charges
+€1,817
Financial income
+€8,077
Financial charges
-€1,802
Taxes
-€34,460
Result 2025
€314,252
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€72,132
Investment
-€1,439
Financing
-€62,596
Cash 2024
€38,800
From operations (derived)
+€72,132
Net result for the year
+€314,252
Depreciation
+€27,135
Receivables after one year
-€306,215
Receivables within one year
-€38,111
Trade debts
+€14,590
Tax, wage and social debts
+€63,036
Other debts
+€4,445
Accrued charges and deferred income
-€7,000
Investment (derived)
-€1,439
Investment in fixed assets (net)
-€1,439
Financing
-€62,596
Debts after one year
-€127,378
Current portion of long-term debt
+€64,782
Cash 2025
€46,896
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,678,455 | €3,005,182 | +€326,727 | +12.2% |
| Fixed assets | 21/28 | €1,038,409 | €1,012,714 | -€25,696 | -2.5% |
| Tangible fixed assets | 22/27 | €1,038,253 | €1,012,557 | -€25,696 | -2.5% |
| Land and buildings | 22 | €853,631 | €829,498 | -€24,133 | -2.8% |
| Furniture and vehicles | 24 | €11,888 | €10,325 | -€1,562 | -13.1% |
| Assets under construction and advance payments | 27 | €172,734 | €172,734 | = | 0.0% |
| Financial fixed assets | 28 | €156 | €156 | = | 0.0% |
| Current assets | 29/58 | €1,640,045 | €1,992,468 | +€352,423 | +21.5% |
| Amounts receivable after more than one year | 29 | €1,347,661 | €1,653,876 | +€306,215 | +22.7% |
| Other amounts receivable | 291 | €1,347,661 | €1,653,876 | +€306,215 | +22.7% |
| Stocks and contracts in progress | 3 | €42,371 | €42,371 | = | 0.0% |
| Stocks | 30/36 | €42,371 | €42,371 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,928 | €82,039 | +€38,111 | +86.8% |
| Trade receivables | 40 | €13,729 | €78,707 | +€64,978 | +473% |
| Other amounts receivable | 41 | €30,199 | €3,332 | -€26,867 | -89.0% |
| Current investments | 50/53 | €167,286 | €167,286 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,800 | €46,896 | +€8,097 | +20.9% |
| Total equity and liabilities | 10/49 | €2,678,455 | €3,005,182 | +€326,727 | +12.2% |
| Equity | 10/15 | €1,476,908 | €1,791,160 | +€314,252 | +21.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,466,908 | €1,781,160 | +€314,252 | +21.4% |
| Amounts payable | 17/49 | €1,201,547 | €1,214,022 | +€12,475 | +1.0% |
| Amounts payable after more than one year | 17 | €1,007,734 | €880,356 | -€127,378 | -12.6% |
| Financial debts | 170/4 | €1,007,734 | €880,356 | -€127,378 | -12.6% |
| Amounts payable within one year | 42/48 | €186,813 | €333,666 | +€146,853 | +78.6% |
| Current portion of amounts payable after more than one year | 42 | - | €64,782 | +€64,782 | |
| Trade debts | 44 | €47,599 | €62,189 | +€14,590 | +30.7% |
| Suppliers | 440/4 | €47,599 | €62,189 | +€14,590 | +30.7% |
| Taxes, remuneration and social security | 45 | €136,635 | €199,671 | +€63,036 | +46.1% |
| Taxes | 450/3 | €136,635 | €199,671 | +€63,036 | +46.1% |
| Other amounts payable | 47/48 | €2,580 | €7,025 | +€4,445 | +172% |
| Accrued charges and deferred income | 492/3 | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,469 | €27,135 | -€334 | -1.2% |
| Other operating charges | 640/8 | €8,987 | €7,170 | -€1,817 | -20.2% |
| Gross operating margin | 9900 | €321,188 | €451,413 | +€130,225 | +40.5% |
| Operating profit (loss) | 9901 | €284,732 | €417,109 | +€132,377 | +46.5% |
| Financial income | 75/76B | €36,995 | €45,071 | +€8,077 | +21.8% |
| Recurring financial income | 75 | €36,995 | €45,071 | +€8,077 | +21.8% |
| Financial charges | 65/66B | €34,839 | €36,641 | +€1,802 | +5.2% |
| Recurring financial charges | 65 | €34,839 | €36,641 | +€1,802 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €286,888 | €425,539 | +€138,651 | +48.3% |
| Income taxes | 67/77 | €76,827 | €111,287 | +€34,460 | +44.9% |
| Profit (loss) for the period | 9904 | €210,061 | €314,252 | +€104,191 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €210,061 | €314,252 | +€104,191 | +49.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.