THE EXCELLENCY: 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.
THE EXCELLENCY
Largest movements
- Receivables within one year +€90,558
up €90,558 (+64.2%), from €141,078 to €231,637
of which Other amounts receivable: +€60,436
- Intangible fixed assets -€3,514
down €3,514 (-68.2%), from €5,152 to €1,638
- Profit (loss) carried forward +€25,496
up €25,496 (+52.6%), from €48,438 to €73,935
- Tax, wage and social debts +€21,403
up €21,403 (+43.7%), from €48,974 to €70,377
- Trade debts +€21,178
up €21,178 (+67.6%), from €31,331 to €52,509
- Other debts +€17,390
up €17,390 (+599%), from €2,901 to €20,291
- Gross operating margin +€24,725
up €24,725 (+52.9%), from €46,778 to €71,503
- Other operating charges +€18,713
up €18,713 (+192%), from €9,771 to €28,484
- Taxes +€2,411
up €2,411 (+25.8%), from €9,363 to €11,774
- Depreciation -€1,486
down €1,486 (-25.7%), from €5,776 to €4,289
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.
Derived cash bridge
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 | €150,245 | €235,995 | +€85,750 | +57.1% |
| Fixed assets | 21/28 | €6,537 | €2,248 | -€4,289 | -65.6% |
| Intangible fixed assets | 21 | €5,152 | €1,638 | -€3,514 | -68.2% |
| Tangible fixed assets | 22/27 | €1,385 | €610 | -€776 | -56.0% |
| Furniture and vehicles | 24 | €1,385 | €610 | -€776 | -56.0% |
| Current assets | 29/58 | €143,708 | €233,747 | +€90,039 | +62.7% |
| Amounts receivable within one year | 40/41 | €141,078 | €231,637 | +€90,558 | +64.2% |
| Trade receivables | 40 | €7,835 | €37,957 | +€30,122 | +384% |
| Other amounts receivable | 41 | €133,243 | €193,680 | +€60,436 | +45.4% |
| Cash at bank and in hand | 54/58 | €2,245 | €1,201 | -€1,044 | -46.5% |
| Deferred charges and accrued income | 490/1 | €384 | €909 | +€525 | +137% |
| Total equity and liabilities | 10/49 | €150,245 | €235,995 | +€85,750 | +57.1% |
| Equity | 10/15 | €67,038 | €92,535 | +€25,496 | +38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,438 | €73,935 | +€25,496 | +52.6% |
| Amounts payable | 17/49 | €83,207 | €143,460 | +€60,254 | +72.4% |
| Amounts payable within one year | 42/48 | €83,207 | €143,460 | +€60,254 | +72.4% |
| Financial debts | 43 | - | €282 | +€282 | |
| Credit institutions | 430/8 | - | €282 | +€282 | |
| Trade debts | 44 | €31,331 | €52,509 | +€21,178 | +67.6% |
| Suppliers | 440/4 | €31,331 | €52,509 | +€21,178 | +67.6% |
| Taxes, remuneration and social security | 45 | €48,974 | €70,377 | +€21,403 | +43.7% |
| Taxes | 450/3 | €48,974 | €70,377 | +€21,403 | +43.7% |
| Other amounts payable | 47/48 | €2,901 | €20,291 | +€17,390 | +599% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,776 | €4,289 | -€1,486 | -25.7% |
| Other operating charges | 640/8 | €9,771 | €28,484 | +€18,713 | +192% |
| Gross operating margin | 9900 | €46,778 | €71,503 | +€24,725 | +52.9% |
| Operating profit (loss) | 9901 | €31,232 | €38,730 | +€7,498 | +24.0% |
| Financial income | 75/76B | €125 | €12 | -€113 | -90.0% |
| Recurring financial income | 75 | €125 | €12 | -€113 | -90.0% |
| Financial charges | 65/66B | €1,547 | €1,472 | -€76 | -4.9% |
| Recurring financial charges | 65 | €1,547 | €1,472 | -€76 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €29,809 | €37,270 | +€7,461 | +25.0% |
| Income taxes | 67/77 | €9,363 | €11,774 | +€2,411 | +25.8% |
| Profit (loss) for the period | 9904 | €20,446 | €25,496 | +€5,050 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,446 | €25,496 | +€5,050 | +24.7% |
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 13 October 2026 via checked.be.