Via Excellentia: 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.
What changed
Via Excellentia
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€78,590
2024 · €2.2m-€2.1m
Equity
€2.7m
2024 · €2.7m-€9,551
Cash
€62,110
2024 · €201,240-€139,130
Balance sheet total
€4.1m
2024 · €3.9m+€153,578
Largest movements
Assets
- Receivables after one year +€284,375
up €284,375 (+56.9%), from €500,000 to €784,375
- Cash -€139,130
down €139,130 (-69.1%), from €201,240 to €62,110
mainly Other debts (-€331,621) and Receivables after one year (-€284,375)
Equity and liabilities
- Debts after one year +€459,814
up €459,814 (+94.2%), from €488,259 to €948,074
of which Other amounts payable: +€525,208
- Other debts -€331,621
down €331,621 (-82.0%), from €404,523 to €72,902
Income statement
- Financial income -€2.3m
down €2.3m (-98.7%), from €2.4m to €30,433
- Taxes -€203,933
down €203,933 (-84.0%), from €242,864 to €38,931
- Gross operating margin +€60,341
up €60,341 (+32.7%), from €184,586 to €244,927
- Financial charges +€30,165
up €30,165 (+142%), from €21,206 to €51,371
- Depreciation +€20,354
up €20,354 (+25.5%), from €79,764 to €100,118
From the 2024 result to the 2025 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.
Result 2024
€2.2m
Gross operating margin
+€60,341
Depreciation
-€20,354
Provisions
-€10,700
Other operating charges
-€195
Financial income
-€2.3m
Financial charges
-€30,165
Taxes
+€203,933
Result 2025
€78,590
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€410,883
Investment
-€101,269
Financing
+€373,021
Cash 2024
€201,240
From operations (derived)
-€410,883
Net result for the year
+€78,590
Depreciation
+€100,118
Receivables after one year
-€284,375
Receivables within one year
-€8,470
Deferred charges and accrued income
+€1,288
Trade debts
+€2,769
Tax, wage and social debts
+€30,819
Other debts
-€331,621
Investment (derived)
-€101,269
Investment in fixed assets (net)
-€110,403
Current investments
+€9,135
Financing
+€373,021
Debts after one year
+€459,814
Current portion of long-term debt
+€1,348
Contributions, distributions and other
-€88,141
Cash 2025
€62,110
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,914,646 | €4,068,224 | +€153,578 | +3.9% |
| Fixed assets | 21/28 | €3,025,168 | €3,035,453 | +€10,286 | +0.3% |
| Tangible fixed assets | 22/27 | €775,169 | €785,454 | +€10,286 | +1.3% |
| Land and buildings | 22 | €559,563 | €670,449 | +€110,886 | +19.8% |
| Plant, machinery and equipment | 23 | €62,944 | €68,313 | +€5,369 | +8.5% |
| Furniture and vehicles | 24 | €9,418 | €17,757 | +€8,339 | +88.5% |
| Other tangible fixed assets | 26 | €143,243 | €28,934 | -€114,309 | -79.8% |
| Financial fixed assets | 28 | €2,249,999 | €2,249,999 | = | 0.0% |
| Current assets | 29/58 | €889,478 | €1,032,770 | +€143,292 | +16.1% |
| Amounts receivable after more than one year | 29 | €500,000 | €784,375 | +€284,375 | +56.9% |
| Other amounts receivable | 291 | €500,000 | €784,375 | +€284,375 | +56.9% |
| Amounts receivable within one year | 40/41 | €27,412 | €35,882 | +€8,470 | +30.9% |
| Trade receivables | 40 | €24,197 | €35,882 | +€11,685 | +48.3% |
| Other amounts receivable | 41 | €3,215 | €0 | -€3,215 | -100% |
| Current investments | 50/53 | €156,855 | €147,721 | -€9,135 | -5.8% |
| Cash at bank and in hand | 54/58 | €201,240 | €62,110 | -€139,130 | -69.1% |
| Deferred charges and accrued income | 490/1 | €3,971 | €2,683 | -€1,288 | -32.4% |
| Total equity and liabilities | 10/49 | €3,914,646 | €4,068,224 | +€153,578 | +3.9% |
| Equity | 10/15 | €2,725,142 | €2,715,591 | -€9,551 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,706,542 | €2,696,991 | -€9,551 | -0.4% |
| Distributable reserves | 133 | €2,706,542 | €2,696,991 | -€9,551 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €1,189,504 | €1,352,633 | +€163,129 | +13.7% |
| Amounts payable after more than one year | 17 | €488,259 | €948,074 | +€459,814 | +94.2% |
| Financial debts | 170/4 | €488,259 | €422,866 | -€65,394 | -13.4% |
| Other amounts payable | 178/9 | - | €525,208 | +€525,208 | |
| Amounts payable within one year | 42/48 | €701,245 | €404,559 | -€296,685 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €63,961 | €65,309 | +€1,348 | +2.1% |
| Trade debts | 44 | €7,649 | €10,418 | +€2,769 | +36.2% |
| Suppliers | 440/4 | €7,649 | €10,418 | +€2,769 | +36.2% |
| Taxes, remuneration and social security | 45 | €225,112 | €255,931 | +€30,819 | +13.7% |
| Taxes | 450/3 | €223,122 | €253,917 | +€30,795 | +13.8% |
| Remuneration and social security | 454/9 | €1,989 | €2,014 | +€25 | +1.2% |
| Other amounts payable | 47/48 | €404,523 | €72,902 | -€331,621 | -82.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,764 | €100,118 | +€20,354 | +25.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,700 | €0 | +€10,700 | |
| Other operating charges | 640/8 | €6,156 | €6,351 | +€195 | +3.2% |
| Gross operating margin | 9900 | €184,586 | €244,927 | +€60,341 | +32.7% |
| Operating profit (loss) | 9901 | €109,366 | €138,458 | +€29,093 | +26.6% |
| Financial income | 75/76B | €2,359,918 | €30,433 | -€2.3m | -98.7% |
| Recurring financial income | 75 | €2,359,918 | €30,433 | -€2.3m | -98.7% |
| Financial charges | 65/66B | €21,206 | €51,371 | +€30,165 | +142% |
| Recurring financial charges | 65 | €21,206 | €51,371 | +€30,165 | +142% |
| Profit (loss) for the period before taxes | 9903 | €2,448,077 | €117,520 | -€2.3m | -95.2% |
| Income taxes | 67/77 | €242,864 | €38,931 | -€203,933 | -84.0% |
| Profit (loss) for the period | 9904 | €2,205,214 | €78,590 | -€2.1m | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,205,214 | €78,590 | -€2.1m | -96.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.