EXCELSIOR DML: 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 DML
Largest movements
- Receivables within one year +€7,863
up €7,863 (+1,903%), from €413 to €8,276
of which Trade receivables: +€6,805
- Cash -€6,440
no longer reported in 2024 (was €6,440)
mainly Net result for the year (-€10,797) and Receivables within one year (-€7,863)
- Tangible fixed assets -€3,331
down €3,331 (-16.2%), from €20,541 to €17,210
of which Furniture and vehicles: -€2,214
- Profit (loss) carried forward -€10,797
down €10,797, from €3,463 to -€7,334
- Trade debts +€6,437
up €6,437 (+763%), from €844 to €7,281
- Other debts +€5,500
up €5,500 (+450%), from €1,223 to €6,723
- Debts after one year -€3,900
down €3,900 (-26.9%), from €14,480 to €10,581
- Short-term financial debts +€1,485
new in 2024: €1,485
- Gross operating margin -€23,501
down €23,501, from €21,380 to -€2,122
- Write-downs -€5,012
no longer reported in 2024 (was €5,012)
- Taxes -€2,143
no longer reported in 2024 (was €2,143)
- Depreciation +€1,743
up €1,743 (+31.2%), from €5,588 to €7,331
- Other operating charges -€480
down €480 (-48.7%), from €985 to €505
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 | €28,392 | €26,261 | -€2,131 | -7.5% |
| Fixed assets | 21/28 | €20,541 | €17,210 | -€3,331 | -16.2% |
| Tangible fixed assets | 22/27 | €20,541 | €17,210 | -€3,331 | -16.2% |
| Plant, machinery and equipment | 23 | €1,673 | €556 | -€1,117 | -66.8% |
| Furniture and vehicles | 24 | €18,868 | €16,654 | -€2,214 | -11.7% |
| Current assets | 29/58 | €7,851 | €9,051 | +€1,200 | +15.3% |
| Stocks and contracts in progress | 3 | €998 | €775 | -€223 | -22.3% |
| Stocks | 30/36 | €998 | €775 | -€223 | -22.3% |
| Amounts receivable within one year | 40/41 | €413 | €8,276 | +€7,863 | +1,903% |
| Trade receivables | 40 | €413 | €7,218 | +€6,805 | +1,647% |
| Other amounts receivable | 41 | - | €1,058 | +€1,058 | |
| Cash at bank and in hand | 54/58 | €6,440 | - | -€6,440 | |
| Total equity and liabilities | 10/49 | €28,392 | €26,261 | -€2,131 | -7.5% |
| Equity | 10/15 | €4,963 | -€5,834 | -€10,797 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,463 | -€7,334 | -€10,797 | |
| Amounts payable | 17/49 | €23,429 | €32,095 | +€8,666 | +37.0% |
| Amounts payable after more than one year | 17 | €14,480 | €10,581 | -€3,900 | -26.9% |
| Financial debts | 170/4 | €14,480 | €10,581 | -€3,900 | -26.9% |
| Amounts payable within one year | 42/48 | €8,748 | €21,514 | +€12,765 | +146% |
| Current portion of amounts payable after more than one year | 42 | €4,126 | €3,900 | -€226 | -5.5% |
| Financial debts | 43 | - | €1,485 | +€1,485 | |
| Credit institutions | 430/8 | - | €1,485 | +€1,485 | |
| Trade debts | 44 | €844 | €7,281 | +€6,437 | +763% |
| Suppliers | 440/4 | €844 | €7,281 | +€6,437 | +763% |
| Taxes, remuneration and social security | 45 | €2,556 | €2,125 | -€431 | -16.8% |
| Taxes | 450/3 | €2,556 | €2,125 | -€431 | -16.8% |
| Other amounts payable | 47/48 | €1,223 | €6,723 | +€5,500 | +450% |
| Accrued charges and deferred income | 492/3 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,588 | €7,331 | +€1,743 | +31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,012 | - | -€5,012 | |
| Other operating charges | 640/8 | €985 | €505 | -€480 | -48.7% |
| Non-recurring operating charges | 66A | €746 | - | -€746 | |
| Gross operating margin | 9900 | €21,380 | -€2,122 | -€23,501 | |
| Operating profit (loss) | 9901 | €9,050 | -€9,958 | -€19,008 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +250% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +250% |
| Financial charges | 65/66B | €527 | €839 | +€312 | +59.2% |
| Recurring financial charges | 65 | €527 | €839 | +€312 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €8,523 | -€10,797 | -€19,320 | |
| Income taxes | 67/77 | €2,143 | - | -€2,143 | |
| Profit (loss) for the period | 9904 | €6,380 | -€10,797 | -€17,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,380 | -€10,797 | -€17,176 |
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 27 October 2026 via checked.be.