EXCELL-ASSUR: 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.
EXCELL-ASSUR
Largest movements
- Tangible fixed assets -€14,248
down €14,248 (-34.1%), from €41,743 to €27,495
of which Furniture and vehicles: -€13,675
- Receivables within one year -€13,139
down €13,139 (-53.7%), from €24,467 to €11,328
of which Other amounts receivable: -€16,021
- Cash -€1,426
down €1,426 (-21.1%), from €6,768 to €5,342
mainly Net result for the year (-€17,686) and Debts after one year (-€12,000)
- Profit (loss) carried forward -€17,686
down €17,686, from €13,626 to -€4,060
- Debts after one year -€12,000
down €12,000 (-85.7%), from €14,000 to €2,000
- Trade debts +€1,260
up €1,260 (+8.4%), from €15,041 to €16,301
- Gross operating margin +€30,672
up €30,672 (+34.4%), from €89,087 to €119,759
- Purchases and services -€30,312
down €30,312 (-25.0%), from €121,406 to €91,094
- Staff costs +€18,994
up €18,994 (+20.2%), from €93,926 to €112,920
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 | €74,697 | €45,864 | -€28,833 | -38.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €41,743 | €27,495 | -€14,248 | -34.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €41,743 | €27,495 | -€14,248 | -34.1% |
| Plant, machinery and equipment | 23 | €2,318 | €1,745 | -€573 | -24.7% |
| Furniture and vehicles | 24 | €39,425 | €25,750 | -€13,675 | -34.7% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Current assets | 29/58 | €32,954 | €18,369 | -€14,585 | -44.3% |
| Amounts receivable within one year | 40/41 | €24,467 | €11,328 | -€13,139 | -53.7% |
| Trade receivables | 40 | €396 | €3,278 | +€2,882 | +728% |
| Other amounts receivable | 41 | €24,071 | €8,050 | -€16,021 | -66.6% |
| Cash at bank and in hand | 54/58 | €6,768 | €5,342 | -€1,426 | -21.1% |
| Deferred charges and accrued income | 490/1 | €1,719 | €1,699 | -€20 | -1.2% |
| Total equity and liabilities | 10/49 | €74,697 | €45,864 | -€28,833 | -38.6% |
| Equity | 10/15 | €22,798 | €5,112 | -€17,686 | -77.6% |
| Contributions | 10/11 | €9,172 | €9,172 | = | 0.0% |
| Capital | 10 | €9,172 | €9,172 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €9,420 | €9,420 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €13,626 | -€4,060 | -€17,686 | |
| Amounts payable | 17/49 | €51,899 | €40,752 | -€11,147 | -21.5% |
| Amounts payable after more than one year | 17 | €14,000 | €2,000 | -€12,000 | -85.7% |
| Financial debts | 170/4 | €14,000 | €2,000 | -€12,000 | -85.7% |
| Amounts payable within one year | 42/48 | €37,899 | €38,752 | +€853 | +2.3% |
| Financial debts | 43 | €12,000 | €12,000 | = | 0.0% |
| Credit institutions | 430/8 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €15,041 | €16,301 | +€1,260 | +8.4% |
| Suppliers | 440/4 | €15,041 | €16,301 | +€1,260 | +8.4% |
| Taxes, remuneration and social security | 45 | €10,858 | €10,451 | -€407 | -3.7% |
| Taxes | 450/3 | €8,932 | €10,252 | +€1,320 | +14.8% |
| Remuneration and social security | 454/9 | €1,926 | €199 | -€1,727 | -89.7% |
| Turnover | 70 | €210,493 | €210,853 | +€360 | +0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,406 | €91,094 | -€30,312 | -25.0% |
| Remuneration, social security and pensions | 62 | €93,926 | €112,920 | +€18,994 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,804 | €21,640 | +€1,836 | +9.3% |
| Other operating charges | 640/8 | €2,492 | €1,736 | -€756 | -30.3% |
| Gross operating margin | 9900 | €89,087 | €119,759 | +€30,672 | +34.4% |
| Operating profit (loss) | 9901 | -€27,135 | -€16,537 | +€10,598 | +39.1% |
| Financial income | 75/76B | €64 | €1 | -€63 | -98.4% |
| Recurring financial income | 75 | €64 | €1 | -€63 | -98.4% |
| Financial charges | 65/66B | €1,068 | €1,150 | +€82 | +7.7% |
| Recurring financial charges | 65 | €1,068 | €1,150 | +€82 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,139 | -€17,686 | +€10,453 | +37.1% |
| Profit (loss) for the period | 9904 | -€28,139 | -€17,686 | +€10,453 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,139 | -€17,686 | +€10,453 | +37.1% |
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 21 October 2026 via checked.be.