EXCEL INTERIM: 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.
EXCEL INTERIM
Largest movements
- Cash -€118,151
down €118,151 (-72.1%), from €163,792 to €45,641
mainly Trade debts (-€255,188) and Investment in fixed assets (net) (-€78,000)
- Financial fixed assets +€78,000
up €78,000 (+76470.6%), from €102 to €78,102
- Deferred charges and accrued income +€58,075
up €58,075 (+13.5%), from €430,454 to €488,529
- Receivables within one year -€28,649
down €28,649 (-3.6%), from €802,540 to €773,890
of which Other amounts receivable: -€80,500
- Trade debts -€255,188
down €255,188 (-53.3%), from €478,582 to €223,393
- Profit (loss) carried forward +€229,246
up €229,246 (+55.2%), from -€414,968 to -€185,722
- Tax, wage and social debts +€57,295
up €57,295 (+14.3%), from €401,397 to €458,692
of which Remuneration and social security: +€183,350
- Other debts -€34,659
down €34,659 (-4.0%), from €856,258 to €821,600
- Turnover -€916,907
no longer reported in 2025 (was €916,907)
- Gross operating margin +€703,335
new in 2025: €703,335
- Taxes -€219,313
new in 2025: -€219,313
- Services and other goods -€154,543
no longer reported in 2025 (was €154,543)
- Staff costs -€117,764
down €117,764 (-13.7%), from €856,866 to €739,102
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.
Cash bridge derived
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 | €1,396,888 | €1,386,163 | -€10,725 | -0.8% |
| Fixed assets | 21/28 | €102 | €78,102 | +€78,000 | +76470.6% |
| Financial fixed assets | 28 | €102 | €78,102 | +€78,000 | +76470.6% |
| Other financial fixed assets | 284/8 | €102 | - | -€102 | |
| Amounts receivable and cash guarantees | 285/8 | €102 | - | -€102 | |
| Current assets | 29/58 | €1,396,786 | €1,308,061 | -€88,725 | -6.4% |
| Amounts receivable within one year | 40/41 | €802,540 | €773,890 | -€28,649 | -3.6% |
| Trade receivables | 40 | €105,995 | €157,846 | +€51,851 | +48.9% |
| Other amounts receivable | 41 | €696,544 | €616,044 | -€80,500 | -11.6% |
| Cash at bank and in hand | 54/58 | €163,792 | €45,641 | -€118,151 | -72.1% |
| Deferred charges and accrued income | 490/1 | €430,454 | €488,529 | +€58,075 | +13.5% |
| Total equity and liabilities | 10/49 | €1,396,888 | €1,386,163 | -€10,725 | -0.8% |
| Equity | 10/15 | -€346,768 | -€117,522 | +€229,246 | +66.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,968 | -€185,722 | +€229,246 | +55.2% |
| Amounts payable | 17/49 | €1,743,655 | €1,503,685 | -€239,971 | -13.8% |
| Amounts payable within one year | 42/48 | €1,740,900 | €1,503,685 | -€237,215 | -13.6% |
| Financial debts | 43 | €4,663 | - | -€4,663 | |
| Credit institutions | 430/8 | €4,663 | - | -€4,663 | |
| Trade debts | 44 | €478,582 | €223,393 | -€255,188 | -53.3% |
| Suppliers | 440/4 | €478,582 | €223,393 | -€255,188 | -53.3% |
| Taxes, remuneration and social security | 45 | €401,397 | €458,692 | +€57,295 | +14.3% |
| Taxes | 450/3 | €352,862 | €226,807 | -€126,055 | -35.7% |
| Remuneration and social security | 454/9 | €48,535 | €231,885 | +€183,350 | +377.8% |
| Other amounts payable | 47/48 | €856,258 | €821,600 | -€34,659 | -4.0% |
| Accrued charges and deferred income | 492/3 | €2,756 | - | -€2,756 | |
| Operating income | 70/76A | €916,907 | - | -€916,907 | |
| Turnover | 70 | €916,907 | - | -€916,907 | |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €1,012,308 | - | -€1.0m | |
| Services and other goods | 61 | €154,543 | - | -€154,543 | |
| Remuneration, social security and pensions | 62 | €856,866 | €739,102 | -€117,764 | -13.7% |
| Other operating charges | 640/8 | €898 | €7,602 | +€6,704 | +746.7% |
| Gross operating margin | 9900 | - | €703,335 | +€703,335 | |
| Operating profit (loss) | 9901 | -€95,400 | -€43,369 | +€52,031 | +54.5% |
| Financial income | 75/76B | €36,473 | €59,259 | +€22,786 | +62.5% |
| Recurring financial income | 75 | €36,473 | €59,259 | +€22,786 | +62.5% |
| Income from current assets | 751 | €33,403 | - | -€33,403 | |
| Other financial income | 752/9 | €3,070 | - | -€3,070 | |
| Financial charges | 65/66B | €10,956 | €5,957 | -€4,999 | -45.6% |
| Recurring financial charges | 65 | €10,956 | €5,957 | -€4,999 | -45.6% |
| Debt charges | 650 | €3,814 | - | -€3,814 | |
| Other financial charges | 652/9 | €7,142 | - | -€7,142 | |
| Profit (loss) for the period before taxes | 9903 | -€69,883 | €9,933 | +€79,816 | |
| Income taxes | 67/77 | - | -€219,313 | -€219,313 | |
| Profit (loss) for the period | 9904 | -€69,883 | €229,246 | +€299,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,883 | €229,246 | +€299,129 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.