XCELLENCE GROUP: 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.
XCELLENCE GROUP
Largest movements
- Tangible fixed assets -€48,689
down €48,689 (-4.3%), from €1.1m to €1.1m
of which Land and buildings: -€40,689
- Profit (loss) carried forward -€49,596
down €49,596 (-8.3%), from -€598,136 to -€647,733
- Gross operating margin -€21,917
down €21,917 (-87.6%), from €25,018 to €3,101
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,407,170 | €1,348,011 | -€59,159 | -4.2% |
| Fixed assets | 21/28 | €1,125,253 | €1,076,565 | -€48,689 | -4.3% |
| Tangible fixed assets | 22/27 | €1,125,253 | €1,076,565 | -€48,689 | -4.3% |
| Land and buildings | 22 | €1,112,759 | €1,072,070 | -€40,689 | -3.7% |
| Furniture and vehicles | 24 | €12,495 | €4,495 | -€8,000 | -64.0% |
| Current assets | 29/58 | €281,917 | €271,447 | -€10,470 | -3.7% |
| Stocks and contracts in progress | 3 | €268,200 | €268,200 | = | 0.0% |
| Stocks | 30/36 | €268,200 | €268,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,860 | €0 | -€1,860 | -100% |
| Other amounts receivable | 41 | €1,860 | €0 | -€1,860 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,907 | €1,235 | -€8,673 | -87.5% |
| Deferred charges and accrued income | 490/1 | €1,950 | €2,012 | +€62 | +3.2% |
| Total equity and liabilities | 10/49 | €1,407,170 | €1,348,011 | -€59,159 | -4.2% |
| Equity | 10/15 | €401,864 | €352,267 | -€49,596 | -12.3% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€598,136 | -€647,733 | -€49,596 | -8.3% |
| Amounts payable | 17/49 | €1,005,307 | €995,744 | -€9,563 | -1.0% |
| Amounts payable within one year | 42/48 | €1,005,307 | €995,744 | -€9,563 | -1.0% |
| Trade debts | 44 | €3,570 | €4,389 | +€819 | +22.9% |
| Suppliers | 440/4 | €3,570 | €4,389 | +€819 | +22.9% |
| Other amounts payable | 47/48 | €1,001,737 | €991,355 | -€10,382 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,768 | €48,689 | -€79 | -0.2% |
| Other operating charges | 640/8 | €3,881 | €4,009 | +€127 | +3.3% |
| Gross operating margin | 9900 | €25,018 | €3,101 | -€21,917 | -87.6% |
| Operating profit (loss) | 9901 | -€27,631 | -€49,596 | -€21,965 | -79.5% |
| Financial charges | 65/66B | €6 | €0 | -€6 | -92.6% |
| Recurring financial charges | 65 | €6 | €0 | -€6 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,637 | -€49,596 | -€21,959 | -79.5% |
| Profit (loss) for the period | 9904 | -€27,637 | -€49,596 | -€21,959 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,637 | -€49,596 | -€21,959 | -79.5% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.