Exell Immo: what changed
Two fiscal 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.
Exell Immo
Largest movements
- Tangible fixed assets -€22,761
down €22,761 (-2.5%), from €893,378 to €870,616
- Debts after one year -€42,791
down €42,791 (-7.3%), from €589,251 to €546,460
- Other debts -€39,872
down €39,872 (-18.5%), from €214,998 to €175,126
- Reserves +€39,271
new in 2024: €39,271
- Tax, wage and social debts +€12,516
new in 2024: €12,516
- Gross operating margin +€34,030
up €34,030 (+53.9%), from €63,175 to €97,205
- Taxes +€12,516
new in 2024: €12,516
- Financial charges +€9,292
up €9,292 (+85.4%), from €10,881 to €20,173
- Other operating charges -€1,628
down €1,628 (-39.5%), from €4,121 to €2,493
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.
Cash bridge derived
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 | €897,972 | €871,843 | -€26,129 | -2.9% |
| Fixed assets | 21/28 | €893,378 | €870,616 | -€22,761 | -2.5% |
| Tangible fixed assets | 22/27 | €893,378 | €870,616 | -€22,761 | -2.5% |
| Land and buildings | 22 | €893,378 | €870,616 | -€22,761 | -2.5% |
| Current assets | 29/58 | €4,595 | €1,227 | -€3,368 | -73.3% |
| Amounts receivable within one year | 40/41 | - | €400 | +€400 | |
| Other amounts receivable | 41 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €4,595 | €827 | -€3,768 | -82.0% |
| Total equity and liabilities | 10/49 | €897,972 | €871,843 | -€26,129 | -2.9% |
| Equity | 10/15 | €41,232 | €80,503 | +€39,271 | +95.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €39,271 | +€39,271 | |
| Distributable reserves | 133 | - | €39,271 | +€39,271 | |
| Profit (loss) carried forward | 14 | -€20,268 | -€20,268 | = | 0.0% |
| Amounts payable | 17/49 | €856,741 | €791,341 | -€65,400 | -7.6% |
| Amounts payable after more than one year | 17 | €589,251 | €546,460 | -€42,791 | -7.3% |
| Financial debts | 170/4 | €589,251 | €546,460 | -€42,791 | -7.3% |
| Amounts payable within one year | 42/48 | €267,490 | €244,881 | -€22,609 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €42,141 | €42,791 | +€650 | +1.5% |
| Financial debts | 43 | €7,405 | €7,405 | = | 0.0% |
| Other loans | 439 | €7,405 | €7,405 | = | 0.0% |
| Trade debts | 44 | €2,945 | €7,042 | +€4,097 | +139.1% |
| Suppliers | 440/4 | €2,945 | €7,042 | +€4,097 | +139.1% |
| Taxes, remuneration and social security | 45 | - | €12,516 | +€12,516 | |
| Taxes | 450/3 | - | €12,516 | +€12,516 | |
| Other amounts payable | 47/48 | €214,998 | €175,126 | -€39,872 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,761 | €22,761 | = | 0.0% |
| Other operating charges | 640/8 | €4,121 | €2,493 | -€1,628 | -39.5% |
| Gross operating margin | 9900 | €63,175 | €97,205 | +€34,030 | +53.9% |
| Operating profit (loss) | 9901 | €36,292 | €71,950 | +€35,658 | +98.3% |
| Financial income | 75/76B | €0 | €10 | +€10 | +50400.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +50400.0% |
| Financial charges | 65/66B | €10,881 | €20,173 | +€9,292 | +85.4% |
| Recurring financial charges | 65 | €10,881 | €20,173 | +€9,292 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €25,412 | €51,787 | +€26,376 | +103.8% |
| Income taxes | 67/77 | - | €12,516 | +€12,516 | |
| Profit (loss) for the period | 9904 | €25,412 | €39,271 | +€13,860 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,412 | €39,271 | +€13,860 | +54.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.