EXCELIS: 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.
EXCELIS
Largest movements
- Receivables within one year +€115,102
up €115,102 (+86.2%), from €133,534 to €248,636
- Financial fixed assets +€6,546
new in 2025: €6,546
- Tangible fixed assets +€4,388
new in 2025: €4,388
- Intangible fixed assets -€3,333
down €3,333 (-33.5%), from €9,945 to €6,612
- Trade debts +€78,181
up €78,181 (+154%), from €50,786 to €128,967
of which Suppliers: +€80,306
- Other debts +€31,823
up €31,823 (+40.7%), from €78,177 to €110,000
- Profit (loss) carried forward +€14,778
up €14,778 (+87.2%), from €16,951 to €31,729
- Gross operating margin +€36,104
up €36,104 (+30.3%), from €119,067 to €155,171
- Staff costs +€19,993
new in 2025: €19,993
- Depreciation +€3,442
up €3,442 (+6,258%), from €55 to €3,497
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 | €161,929 | €288,160 | +€126,231 | +78.0% |
| Fixed assets | 21/28 | €9,945 | €17,546 | +€7,601 | +76.4% |
| Intangible fixed assets | 21 | €9,945 | €6,612 | -€3,333 | -33.5% |
| Tangible fixed assets | 22/27 | - | €4,388 | +€4,388 | |
| Furniture and vehicles | 24 | - | €4,388 | +€4,388 | |
| Financial fixed assets | 28 | - | €6,546 | +€6,546 | |
| Current assets | 29/58 | €151,984 | €270,614 | +€118,630 | +78.1% |
| Amounts receivable within one year | 40/41 | €133,534 | €248,636 | +€115,102 | +86.2% |
| Trade receivables | 40 | €133,534 | €248,636 | +€115,102 | +86.2% |
| Cash at bank and in hand | 54/58 | €18,158 | €20,592 | +€2,434 | +13.4% |
| Deferred charges and accrued income | 490/1 | €292 | €1,386 | +€1,094 | +375% |
| Total equity and liabilities | 10/49 | €161,929 | €288,160 | +€126,231 | +78.0% |
| Equity | 10/15 | €18,951 | €33,729 | +€14,778 | +78.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,951 | €31,729 | +€14,778 | +87.2% |
| Amounts payable | 17/49 | €142,978 | €254,431 | +€111,453 | +78.0% |
| Amounts payable within one year | 42/48 | €142,687 | €254,431 | +€111,744 | +78.3% |
| Trade debts | 44 | €50,786 | €128,967 | +€78,181 | +154% |
| Suppliers | 440/4 | €48,661 | €128,967 | +€80,306 | +165% |
| Bills of exchange payable | 441 | €2,125 | €0 | -€2,125 | -100% |
| Taxes, remuneration and social security | 45 | €13,724 | €15,464 | +€1,740 | +12.7% |
| Taxes | 450/3 | €13,724 | €11,979 | -€1,745 | -12.7% |
| Remuneration and social security | 454/9 | - | €3,485 | +€3,485 | |
| Other amounts payable | 47/48 | €78,177 | €110,000 | +€31,823 | +40.7% |
| Accrued charges and deferred income | 492/3 | €291 | €0 | -€291 | -100% |
| Remuneration, social security and pensions | 62 | - | €19,993 | +€19,993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55 | €3,497 | +€3,442 | +6,258% |
| Other operating charges | 640/8 | €1,765 | €2,443 | +€678 | +38.4% |
| Gross operating margin | 9900 | €119,067 | €155,171 | +€36,104 | +30.3% |
| Operating profit (loss) | 9901 | €117,247 | €129,238 | +€11,991 | +10.2% |
| Financial income | 75/76B | €198 | €3 | -€195 | -98.5% |
| Recurring financial income | 75 | €198 | €3 | -€195 | -98.5% |
| Financial charges | 65/66B | €70 | €227 | +€157 | +224% |
| Recurring financial charges | 65 | €70 | €227 | +€157 | +224% |
| Profit (loss) for the period before taxes | 9903 | €117,375 | €129,014 | +€11,639 | +9.9% |
| Income taxes | 67/77 | €4,438 | €4,236 | -€202 | -4.6% |
| Profit (loss) for the period | 9904 | €112,937 | €124,778 | +€11,841 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,937 | €124,778 | +€11,841 | +10.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.