EXCEL SHOWER: 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 SHOWER
Largest movements
- Tangible fixed assets -€2,979
no longer reported in 2025 (was €2,979)
- Cash -€1,208
no longer reported in 2025 (was €1,208)
mainly Other debts (-€5,000) and Net result for the year (-€1,580)
- Receivables within one year -€1,123
no longer reported in 2025 (was €1,123)
of which Trade receivables: -€697
- Intangible fixed assets -€801
no longer reported in 2025 (was €801)
- Other debts -€5,000
down €5,000 (-10.0%), from €50,209 to €45,208
- Profit (loss) carried forward -€1,580
down €1,580 (-1.7%), from -€95,692 to -€97,271
- Trade debts +€470
up €470 (+13.1%), from €3,593 to €4,063
- Financial income -€138,922
no longer reported in 2025 (was €138,922)
- Gross operating margin +€40,154
up €40,154 (+99.2%), from -€40,497 to -€343
- Staff costs -€16,756
no longer reported in 2025 (was €16,756)
- Other operating charges -€5,357
down €5,357 (-92.6%), from €5,783 to €426
- Taxes -€2,811
no longer reported in 2025 (was €2,811)
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 | €6,110 | - | -€6,110 | |
| Fixed assets | 21/28 | €3,780 | - | -€3,780 | |
| Intangible fixed assets | 21 | €801 | - | -€801 | |
| Tangible fixed assets | 22/27 | €2,979 | - | -€2,979 | |
| Furniture and vehicles | 24 | €2,979 | - | -€2,979 | |
| Current assets | 29/58 | €2,331 | - | -€2,331 | |
| Amounts receivable within one year | 40/41 | €1,123 | - | -€1,123 | |
| Trade receivables | 40 | €697 | - | -€697 | |
| Other amounts receivable | 41 | €426 | - | -€426 | |
| Cash at bank and in hand | 54/58 | €1,208 | - | -€1,208 | |
| Total equity and liabilities | 10/49 | €6,110 | - | -€6,110 | |
| Equity | 10/15 | -€47,692 | -€49,271 | -€1,580 | -3.3% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,692 | -€97,271 | -€1,580 | -1.7% |
| Amounts payable | 17/49 | €53,802 | €49,271 | -€4,531 | -8.4% |
| Amounts payable within one year | 42/48 | €53,802 | €49,271 | -€4,531 | -8.4% |
| Trade debts | 44 | €3,593 | €4,063 | +€470 | +13.1% |
| Suppliers | 440/4 | €3,593 | €4,063 | +€470 | +13.1% |
| Other amounts payable | 47/48 | €50,209 | €45,208 | -€5,000 | -10.0% |
| Remuneration, social security and pensions | 62 | €16,756 | - | -€16,756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,053 | €801 | -€1,252 | -61.0% |
| Other operating charges | 640/8 | €5,783 | €426 | -€5,357 | -92.6% |
| Gross operating margin | 9900 | -€40,497 | -€343 | +€40,154 | +99.2% |
| Operating profit (loss) | 9901 | -€65,090 | -€1,570 | +€63,520 | +97.6% |
| Financial income | 75/76B | €138,922 | - | -€138,922 | |
| Recurring financial income | 75 | €138,922 | - | -€138,922 | |
| Financial charges | 65/66B | €318 | €10 | -€308 | -96.9% |
| Recurring financial charges | 65 | €318 | €10 | -€308 | -96.9% |
| Non-recurring financial charges | 66B | - | €10 | +€10 | |
| Profit (loss) for the period before taxes | 9903 | €73,515 | -€1,580 | -€75,095 | |
| Income taxes | 67/77 | €2,811 | - | -€2,811 | |
| Profit (loss) for the period | 9904 | €70,705 | -€1,580 | -€72,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,705 | -€1,580 | -€72,284 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.