Exellia Coatings: 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.
Exellia Coatings
Largest movements
- Stocks and contracts +€405,720
up €405,720 (+27.3%), from €1.5m to €1.9m
- Receivables within one year +€378,401
up €378,401 (+33.6%), from €1.1m to €1.5m
of which Trade receivables: +€374,319
- Trade debts +€645,719
up €645,719 (+82.0%), from €787,619 to €1.4m
- Reserves +€333,150
up €333,150 (+33.3%), from €1.0m to €1.3m
of which Distributable reserves: +€270,000
- Short-term financial debts -€144,607
down €144,607 (-37.9%), from €381,479 to €236,872
- Current portion of long-term debt -€93,522
down €93,522 (-79.0%), from €118,327 to €24,805
- Tax, wage and social debts +€52,543
up €52,543 (+39.6%), from €132,817 to €185,360
of which Taxes: +€38,623
- Gross operating margin -€69,221
down €69,221 (-6.2%), from €1.1m to €1.0m
- Staff costs +€29,928
up €29,928 (+7.8%), from €384,968 to €414,896
- Financial charges +€20,097
up €20,097 (+81.5%), from €24,661 to €44,758
- Taxes -€11,415
down €11,415 (-6.1%), from €186,426 to €175,011
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 | €2,731,386 | €3,495,296 | +€763,910 | +28.0% |
| Fixed assets | 21/28 | €110,492 | €85,213 | -€25,279 | -22.9% |
| Intangible fixed assets | 21 | €28,846 | €16,243 | -€12,603 | -43.7% |
| Tangible fixed assets | 22/27 | €64,746 | €52,070 | -€12,676 | -19.6% |
| Plant, machinery and equipment | 23 | €31,611 | €19,315 | -€12,295 | -38.9% |
| Furniture and vehicles | 24 | €3,893 | €1,452 | -€2,440 | -62.7% |
| Other tangible fixed assets | 26 | €29,242 | €31,302 | +€2,060 | +7.0% |
| Financial fixed assets | 28 | €16,900 | €16,900 | = | 0.0% |
| Current assets | 29/58 | €2,620,894 | €3,410,083 | +€789,189 | +30.1% |
| Stocks and contracts in progress | 3 | €1,484,682 | €1,890,402 | +€405,720 | +27.3% |
| Stocks | 30/36 | €1,484,682 | €1,890,402 | +€405,720 | +27.3% |
| Amounts receivable within one year | 40/41 | €1,126,531 | €1,504,932 | +€378,401 | +33.6% |
| Trade receivables | 40 | €1,039,946 | €1,414,265 | +€374,319 | +36.0% |
| Other amounts receivable | 41 | €86,585 | €90,667 | +€4,082 | +4.7% |
| Cash at bank and in hand | 54/58 | €5,352 | €8,041 | +€2,689 | +50.2% |
| Deferred charges and accrued income | 490/1 | €4,329 | €6,708 | +€2,379 | +55.0% |
| Total equity and liabilities | 10/49 | €2,731,386 | €3,495,296 | +€763,910 | +28.0% |
| Equity | 10/15 | €1,240,909 | €1,577,439 | +€336,530 | +27.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €1,000,656 | €1,333,806 | +€333,150 | +33.3% |
| Tax-exempt reserves | 132 | €147,350 | €210,500 | +€63,150 | +42.9% |
| Distributable reserves | 133 | €853,306 | €1,123,306 | +€270,000 | +31.6% |
| Profit (loss) carried forward | 14 | €205,253 | €208,633 | +€3,380 | +1.6% |
| Amounts payable | 17/49 | €1,490,477 | €1,917,857 | +€427,380 | +28.7% |
| Amounts payable after more than one year | 17 | €5,235 | €4,489 | -€746 | -14.2% |
| Financial debts | 170/4 | €5,235 | €4,489 | -€746 | -14.2% |
| Amounts payable within one year | 42/48 | €1,485,242 | €1,913,368 | +€428,126 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €118,327 | €24,805 | -€93,522 | -79.0% |
| Financial debts | 43 | €381,479 | €236,872 | -€144,607 | -37.9% |
| Credit institutions | 430/8 | €381,479 | €236,872 | -€144,607 | -37.9% |
| Trade debts | 44 | €787,619 | €1,433,338 | +€645,719 | +82.0% |
| Suppliers | 440/4 | €787,619 | €1,433,338 | +€645,719 | +82.0% |
| Taxes, remuneration and social security | 45 | €132,817 | €185,360 | +€52,543 | +39.6% |
| Taxes | 450/3 | €79,692 | €118,314 | +€38,623 | +48.5% |
| Remuneration and social security | 454/9 | €53,125 | €67,046 | +€13,921 | +26.2% |
| Other amounts payable | 47/48 | €65,000 | €32,992 | -€32,008 | -49.2% |
| Remuneration, social security and pensions | 62 | €384,968 | €414,896 | +€29,928 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,173 | €38,009 | -€163 | -0.4% |
| Other operating charges | 640/8 | €3,328 | €5,378 | +€2,050 | +61.6% |
| Non-recurring operating charges | 66A | €1,647 | - | -€1,647 | |
| Gross operating margin | 9900 | €1,113,804 | €1,044,583 | -€69,221 | -6.2% |
| Operating profit (loss) | 9901 | €685,688 | €586,299 | -€99,389 | -14.5% |
| Financial income | 75/76B | €564 | - | -€564 | |
| Recurring financial income | 75 | €564 | - | -€564 | |
| Financial charges | 65/66B | €24,661 | €44,758 | +€20,097 | +81.5% |
| Recurring financial charges | 65 | €24,661 | €44,758 | +€20,097 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €661,592 | €541,541 | -€120,050 | -18.1% |
| Income taxes | 67/77 | €186,426 | €175,011 | -€11,415 | -6.1% |
| Profit (loss) for the period | 9904 | €475,166 | €366,530 | -€108,636 | -22.9% |
| Transfer to tax-exempt reserves | 689 | €147,350 | €63,150 | -€84,200 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €327,816 | €303,380 | -€24,436 | -7.5% |
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 28 September 2026 via checked.be.