EXELIS: 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.
EXELIS
Largest movements
- Cash -€89,456
down €89,456 (-57.0%), from €156,897 to €67,441
mainly Other debts (-€92,446) and Net result for the year (-€32,689)
- Tangible fixed assets -€57,260
down €57,260 (-9.1%), from €629,122 to €571,862
of which Land and buildings: -€36,761
- Other debts -€92,446
down €92,446 (-44.1%), from €209,558 to €117,112
- Profit (loss) carried forward -€32,689
down €32,689 (-62.3%), from -€52,484 to -€85,173
- Current portion of long-term debt -€11,650
down €11,650 (-100.0%), from €11,650 to €0
- Debts after one year -€8,880
down €8,880 (-100.0%), from €8,880 to €0
- Gross operating margin +€34,170
up €34,170, from -€3,810 to €30,359
- Financial charges -€12,809
down €12,809 (-97.5%), from €13,136 to €327
of which Financial charges: -€11,845
- Taxes -€10,624
down €10,624 (-100.0%), from €10,624 to €0
- Financial income +€8,059
up €8,059 (+1472.9%), from €547 to €8,607
- Other operating charges -€3,235
down €3,235 (-38.6%), from €8,374 to €5,139
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €796,402 | €648,243 | -€148,159 | -18.6% |
| Fixed assets | 21/28 | €629,122 | €571,862 | -€57,260 | -9.1% |
| Tangible fixed assets | 22/27 | €629,122 | €571,862 | -€57,260 | -9.1% |
| Land and buildings | 22 | €464,213 | €427,452 | -€36,761 | -7.9% |
| Plant, machinery and equipment | 23 | €6,277 | €5,064 | -€1,213 | -19.3% |
| Furniture and vehicles | 24 | €62,082 | €54,061 | -€8,021 | -12.9% |
| Other tangible fixed assets | 26 | €96,549 | €85,284 | -€11,265 | -11.7% |
| Current assets | 29/58 | €167,280 | €76,381 | -€90,899 | -54.3% |
| Stocks and contracts in progress | 3 | €8,350 | €5,350 | -€3,000 | -35.9% |
| Stocks | 30/36 | €8,350 | €5,350 | -€3,000 | -35.9% |
| Amounts receivable within one year | 40/41 | €328 | €1,706 | +€1,378 | +420.8% |
| Trade receivables | 40 | €328 | €74 | -€254 | -77.4% |
| Other amounts receivable | 41 | €0 | €1,632 | +€1,632 | |
| Cash at bank and in hand | 54/58 | €156,897 | €67,441 | -€89,456 | -57.0% |
| Deferred charges and accrued income | 490/1 | €1,705 | €1,884 | +€178 | +10.5% |
| Total equity and liabilities | 10/49 | €796,402 | €648,243 | -€148,159 | -18.6% |
| Equity | 10/15 | €562,445 | €529,756 | -€32,689 | -5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €608,729 | €608,729 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €587,979 | €589,979 | +€2,000 | +0.3% |
| Profit (loss) carried forward | 14 | -€52,484 | -€85,173 | -€32,689 | -62.3% |
| Amounts payable | 17/49 | €233,957 | €118,487 | -€115,470 | -49.4% |
| Amounts payable after more than one year | 17 | €8,880 | €0 | -€8,880 | -100.0% |
| Financial debts | 170/4 | €8,880 | €0 | -€8,880 | -100.0% |
| Amounts payable within one year | 42/48 | €225,077 | €118,487 | -€106,590 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €11,650 | €0 | -€11,650 | -100.0% |
| Trade debts | 44 | €2,841 | €353 | -€2,488 | -87.6% |
| Suppliers | 440/4 | €2,841 | €353 | -€2,488 | -87.6% |
| Advances received on contracts in progress | 46 | - | €460 | +€460 | |
| Taxes, remuneration and social security | 45 | €1,027 | €562 | -€465 | -45.3% |
| Taxes | 450/3 | €1,027 | €562 | -€465 | -45.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €209,558 | €117,112 | -€92,446 | -44.1% |
| Non-recurring operating income | 76A | €37,191 | €28,926 | -€8,265 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,563 | €66,188 | -€375 | -0.6% |
| Other operating charges | 640/8 | €8,374 | €5,139 | -€3,235 | -38.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€3,810 | €30,359 | +€34,170 | |
| Operating profit (loss) | 9901 | -€78,747 | -€40,968 | +€37,779 | +48.0% |
| Financial income | 75/76B | €547 | €8,607 | +€8,059 | +1472.9% |
| Recurring financial income | 75 | €547 | €8,607 | +€8,059 | +1472.9% |
| Financial charges | 65/66B | €13,136 | €327 | -€12,809 | -97.5% |
| Recurring financial charges | 65 | €12,172 | €327 | -€11,845 | -97.3% |
| Non-recurring financial charges | 66B | €964 | €0 | -€964 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€91,336 | -€32,689 | +€58,647 | +64.2% |
| Income taxes | 67/77 | €10,624 | €0 | -€10,624 | -100.0% |
| Profit (loss) for the period | 9904 | -€101,960 | -€32,689 | +€69,271 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,960 | -€32,689 | +€69,271 | +67.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.