Excellens: 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.
Excellens
Largest movements
- Cash +€106,193
up €106,193 (+1,194%), from €8,891 to €115,084
mainly Net result for the year (+€127,806) and Tax, wage and social debts (+€53,837)
- Receivables within one year +€59,910
up €59,910 (+10,154%), from €590 to €60,500
of which Trade receivables: +€60,500
- Tangible fixed assets +€14,042
new in 2025: €14,042
of which Land and buildings: +€7,993
- Reserves +€124,888
new in 2025: €124,888
- Tax, wage and social debts +€53,837
new in 2025: €53,837
- Trade debts -€3,367
down €3,367 (-99.0%), from €3,400 to €33
- Profit (loss) carried forward +€2,919
up €2,919, from -€2,919 to €0
- Gross operating margin +€169,821
up €169,821, from -€2,915 to €166,906
- Taxes +€36,129
new in 2025: €36,129
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 | €9,481 | €189,626 | +€180,145 | +1,900% |
| Fixed assets | 21/28 | - | €14,042 | +€14,042 | |
| Tangible fixed assets | 22/27 | - | €14,042 | +€14,042 | |
| Land and buildings | 22 | - | €7,993 | +€7,993 | |
| Furniture and vehicles | 24 | - | €6,049 | +€6,049 | |
| Current assets | 29/58 | €9,481 | €175,584 | +€166,103 | +1,752% |
| Amounts receivable within one year | 40/41 | €590 | €60,500 | +€59,910 | +10,154% |
| Trade receivables | 40 | - | €60,500 | +€60,500 | |
| Other amounts receivable | 41 | €590 | €0 | -€590 | -100% |
| Cash at bank and in hand | 54/58 | €8,891 | €115,084 | +€106,193 | +1,194% |
| Total equity and liabilities | 10/49 | €9,481 | €189,626 | +€180,145 | +1,900% |
| Equity | 10/15 | €1,081 | €128,888 | +€127,806 | +11,820% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €124,888 | +€124,888 | |
| Distributable reserves | 133 | - | €124,888 | +€124,888 | |
| Profit (loss) carried forward | 14 | -€2,919 | €0 | +€2,919 | |
| Amounts payable | 17/49 | €8,400 | €60,739 | +€52,339 | +623% |
| Amounts payable within one year | 42/48 | €8,400 | €60,739 | +€52,339 | +623% |
| Trade debts | 44 | €3,400 | €33 | -€3,367 | -99.0% |
| Suppliers | 440/4 | €3,400 | €33 | -€3,367 | -99.0% |
| Taxes, remuneration and social security | 45 | - | €53,837 | +€53,837 | |
| Taxes | 450/3 | - | €53,837 | +€53,837 | |
| Other amounts payable | 47/48 | €5,000 | €6,869 | +€1,869 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,335 | +€1,335 | |
| Other operating charges | 640/8 | - | €391 | +€391 | |
| Gross operating margin | 9900 | -€2,915 | €166,906 | +€169,821 | |
| Operating profit (loss) | 9901 | -€2,915 | €165,179 | +€168,094 | |
| Financial charges | 65/66B | €4 | €1,244 | +€1,240 | +33,065% |
| Recurring financial charges | 65 | €4 | €1,244 | +€1,240 | +33,065% |
| Profit (loss) for the period before taxes | 9903 | -€2,919 | €163,936 | +€166,854 | |
| Income taxes | 67/77 | - | €36,129 | +€36,129 | |
| Profit (loss) for the period | 9904 | -€2,919 | €127,806 | +€130,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,919 | €127,806 | +€130,725 |
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 17 October 2026 via checked.be.