Excel Consult: 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.
Excel Consult
Largest movements
- Cash +€11,826
up €11,826 (+940%), from €1,258 to €13,084
mainly Net result for the year (+€14,444) and Other debts (+€5,545)
- Receivables after one year +€10,051
up €10,051 (+223%), from €4,500 to €14,551
of which Other amounts receivable: +€9,956
- Tangible fixed assets +€2,256
up €2,256 (+49.1%), from €4,597 to €6,853
of which Plant, machinery and equipment: +€2,339
- Reserves +€14,440
new in 2025: €14,440
- Other debts +€5,545
up €5,545 (+293%), from €1,892 to €7,437
- Tax, wage and social debts +€3,806
up €3,806 (+43.7%), from €8,709 to €12,514
- Trade debts -€1,135
no longer reported in 2025 (was €1,135)
- Accrued charges and deferred income +€1,067
new in 2025: €1,067
- Gross operating margin +€13,905
up €13,905 (+124%), from €11,244 to €25,149
- Taxes +€3,844
up €3,844 (+92.3%), from €4,165 to €8,009
- Other operating charges +€905
up €905 (+435%), from €208 to €1,113
- Financial charges -€788
down €788 (-91.6%), from €861 to €73
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 | €34,110 | €57,836 | +€23,726 | +69.6% |
| Fixed assets | 21/28 | €4,597 | €6,943 | +€2,346 | +51.0% |
| Tangible fixed assets | 22/27 | €4,597 | €6,853 | +€2,256 | +49.1% |
| Plant, machinery and equipment | 23 | - | €2,339 | +€2,339 | |
| Furniture and vehicles | 24 | €4,597 | €4,515 | -€82 | -1.8% |
| Financial fixed assets | 28 | - | €90 | +€90 | |
| Current assets | 29/58 | €29,513 | €50,893 | +€21,380 | +72.4% |
| Amounts receivable after more than one year | 29 | €4,500 | €14,551 | +€10,051 | +223% |
| Trade receivables | 290 | - | €95 | +€95 | |
| Other amounts receivable | 291 | €4,500 | €14,456 | +€9,956 | +221% |
| Amounts receivable within one year | 40/41 | €23,755 | €23,258 | -€497 | -2.1% |
| Trade receivables | 40 | €8,755 | €8,258 | -€497 | -5.7% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,258 | €13,084 | +€11,826 | +940% |
| Total equity and liabilities | 10/49 | €34,110 | €57,836 | +€23,726 | +69.6% |
| Equity | 10/15 | €22,374 | €36,818 | +€14,444 | +64.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €14,440 | +€14,440 | |
| Distributable reserves | 133 | - | €14,440 | +€14,440 | |
| Profit (loss) carried forward | 14 | €20,374 | €20,378 | +€4 | 0.0% |
| Amounts payable | 17/49 | €11,736 | €21,018 | +€9,282 | +79.1% |
| Amounts payable within one year | 42/48 | €11,736 | €19,951 | +€8,215 | +70.0% |
| Trade debts | 44 | €1,135 | - | -€1,135 | |
| Suppliers | 440/4 | €1,135 | - | -€1,135 | |
| Taxes, remuneration and social security | 45 | €8,709 | €12,514 | +€3,806 | +43.7% |
| Taxes | 450/3 | €8,709 | €12,514 | +€3,806 | +43.7% |
| Other amounts payable | 47/48 | €1,892 | €7,437 | +€5,545 | +293% |
| Accrued charges and deferred income | 492/3 | - | €1,067 | +€1,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,678 | €1,752 | +€74 | +4.4% |
| Other operating charges | 640/8 | €208 | €1,113 | +€905 | +435% |
| Gross operating margin | 9900 | €11,244 | €25,149 | +€13,905 | +124% |
| Operating profit (loss) | 9901 | €9,357 | €22,284 | +€12,926 | +138% |
| Financial income | 75/76B | €65 | €242 | +€177 | +273% |
| Recurring financial income | 75 | €65 | €242 | +€177 | +273% |
| Financial charges | 65/66B | €861 | €73 | -€788 | -91.6% |
| Recurring financial charges | 65 | €861 | €73 | -€788 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €8,561 | €22,453 | +€13,892 | +162% |
| Income taxes | 67/77 | €4,165 | €8,009 | +€3,844 | +92.3% |
| Profit (loss) for the period | 9904 | €4,396 | €14,444 | +€10,048 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €4,396 | €14,444 | +€10,048 | +229% |
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 24 October 2026 via checked.be.