EXELLENCE GROUP: what changed
What changed
EXELLENCE GROUP
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€2,695
2024 · €3,347-€652
Equity
€70,489
2024 · €67,794+€2,695
Cash
€2,650
2024 · €3,700-€1,050
Balance sheet total
€797,545
2024 · €697,274+€100,271
Largest movements
Assets
- Receivables within one year +€101,628
up €101,628 (+56.1%), from €181,267 to €282,895
of which Other amounts receivable: +€51,409
Equity and liabilities
- Other debts +€67,965
up €67,965 (+21.9%), from €310,724 to €378,690
- Trade debts +€39,326
up €39,326 (+18.4%), from €213,254 to €252,580
- Tax, wage and social debts -€13,639
down €13,639 (-77.6%), from €17,586 to €3,947
of which Taxes: -€13,639
Income statement
- Gross operating margin -€22,110
down €22,110 (-73.6%), from €30,047 to €7,937
- Staff costs -€14,358
down €14,358 (-98.3%), from €14,608 to €250
- Depreciation -€6,309
down €6,309 (-96.2%), from €6,555 to €246
- Financial income +€2,927
up €2,927 (+2,377%), from €123 to €3,050
- Other operating charges +€1,621
up €1,621 (+110%), from €1,467 to €3,089
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,347
Gross operating margin
-€22,110
Staff costs
+€14,358
Depreciation
+€6,309
Other operating charges
-€1,621
Financial income
+€2,927
Financial charges
+€474
Taxes
-€989
Result 2025
€2,695
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€5,298
Investment
€0
Financing
+€4,248
Cash 2024
€3,700
From operations (derived)
-€5,298
Net result for the year
+€2,695
Depreciation
+€246
Receivables within one year
-€101,628
Deferred charges and accrued income
+€62
Trade debts
+€39,326
Tax, wage and social debts
-€13,639
Advances received
-€325
Other debts
+€67,965
Financing
+€4,248
Short-term financial debts
+€4,248
Cash 2025
€2,650
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €697,274 | €797,545 | +€100,271 | +14.4% |
| Fixed assets | 21/28 | €390,246 | €390,000 | -€246 | -0.1% |
| Intangible fixed assets | 21 | €246 | €0 | -€246 | -100% |
| Financial fixed assets | 28 | €390,000 | €390,000 | = | 0.0% |
| Current assets | 29/58 | €307,029 | €407,545 | +€100,516 | +32.7% |
| Amounts receivable after more than one year | 29 | €122,000 | €122,000 | = | 0.0% |
| Other amounts receivable | 291 | €122,000 | €122,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €181,267 | €282,895 | +€101,628 | +56.1% |
| Trade receivables | 40 | €160,138 | €210,358 | +€50,220 | +31.4% |
| Other amounts receivable | 41 | €21,129 | €72,537 | +€51,409 | +243% |
| Cash at bank and in hand | 54/58 | €3,700 | €2,650 | -€1,050 | -28.4% |
| Deferred charges and accrued income | 490/1 | €62 | €0 | -€62 | -100% |
| Total equity and liabilities | 10/49 | €697,274 | €797,545 | +€100,271 | +14.4% |
| Equity | 10/15 | €67,794 | €70,489 | +€2,695 | +4.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €5 | €5 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5 | €5 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,212 | -€9,517 | +€2,695 | +22.1% |
| Amounts payable | 17/49 | €629,481 | €727,056 | +€97,576 | +15.5% |
| Amounts payable after more than one year | 17 | €62,345 | €62,345 | = | 0.0% |
| Financial debts | 170/4 | €62,345 | €62,345 | = | 0.0% |
| Amounts payable within one year | 42/48 | €550,107 | €647,682 | +€97,576 | +17.7% |
| Financial debts | 43 | - | €4,248 | +€4,248 | |
| Credit institutions | 430/8 | - | €4,248 | +€4,248 | |
| Trade debts | 44 | €213,254 | €252,580 | +€39,326 | +18.4% |
| Suppliers | 440/4 | €213,254 | €252,580 | +€39,326 | +18.4% |
| Advances received on contracts in progress | 46 | €8,542 | €8,217 | -€325 | -3.8% |
| Taxes, remuneration and social security | 45 | €17,586 | €3,947 | -€13,639 | -77.6% |
| Taxes | 450/3 | €17,586 | €3,947 | -€13,639 | -77.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €310,724 | €378,690 | +€67,965 | +21.9% |
| Accrued charges and deferred income | 492/3 | €17,029 | €17,029 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €14,608 | €250 | -€14,358 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,555 | €246 | -€6,309 | -96.2% |
| Other operating charges | 640/8 | €1,467 | €3,089 | +€1,621 | +110% |
| Gross operating margin | 9900 | €30,047 | €7,937 | -€22,110 | -73.6% |
| Operating profit (loss) | 9901 | €7,417 | €4,353 | -€3,064 | -41.3% |
| Financial income | 75/76B | €123 | €3,050 | +€2,927 | +2,377% |
| Recurring financial income | 75 | €123 | €3,050 | +€2,927 | +2,377% |
| Financial charges | 65/66B | €4,193 | €3,718 | -€474 | -11.3% |
| Recurring financial charges | 65 | €4,193 | €3,718 | -€474 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €3,347 | €3,684 | +€337 | +10.1% |
| Income taxes | 67/77 | - | €989 | +€989 | |
| Profit (loss) for the period | 9904 | €3,347 | €2,695 | -€652 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,347 | €2,695 | -€652 | -19.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.