EXCELLENT: 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.
EXCELLENT
Largest movements
- Receivables within one year +€1,478
up €1,478, from €0 to €1,478
of which Other amounts receivable: +€1,413
- Tangible fixed assets -€1,132
down €1,132 (-29.8%), from €3,797 to €2,665
of which Furniture and vehicles: -€1,132
- Cash -€94
down €94 (-45.5%), from €206 to €112
mainly Net result for the year (-€5,761) and Trade debts (-€4,573)
- Other debts +€10,586
up €10,586 (+12.0%), from €87,981 to €98,567
- Profit (loss) carried forward -€5,761
down €5,761 (-2.8%), from -€206,869 to -€212,630
- Trade debts -€4,573
down €4,573 (-57.9%), from €7,892 to €3,319
- Other operating charges -€4,089
down €4,089 (-87.2%), from €4,689 to €600
- Gross operating margin +€3,383
up €3,383 (+46.1%), from -€7,338 to -€3,955
- Depreciation +€583
up €583 (+106.2%), from €549 to €1,132
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 | €4,004 | €4,256 | +€252 | +6.3% |
| Fixed assets | 21/28 | €3,797 | €2,665 | -€1,132 | -29.8% |
| Tangible fixed assets | 22/27 | €3,797 | €2,665 | -€1,132 | -29.8% |
| Furniture and vehicles | 24 | €3,797 | €2,665 | -€1,132 | -29.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €206 | €1,591 | +€1,384 | +670.5% |
| Amounts receivable within one year | 40/41 | €0 | €1,478 | +€1,478 | |
| Trade receivables | 40 | - | €66 | +€66 | |
| Other amounts receivable | 41 | €0 | €1,413 | +€1,413 | |
| Cash at bank and in hand | 54/58 | €206 | €112 | -€94 | -45.5% |
| Total equity and liabilities | 10/49 | €4,004 | €4,256 | +€252 | +6.3% |
| Equity | 10/15 | -€91,869 | -€97,630 | -€5,761 | -6.3% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,869 | -€212,630 | -€5,761 | -2.8% |
| Amounts payable | 17/49 | €95,873 | €101,886 | +€6,013 | +6.3% |
| Amounts payable within one year | 42/48 | €95,873 | €101,886 | +€6,013 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,892 | €3,319 | -€4,573 | -57.9% |
| Suppliers | 440/4 | €7,892 | €3,319 | -€4,573 | -57.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €87,981 | €98,567 | +€10,586 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €1,132 | +€583 | +106.2% |
| Other operating charges | 640/8 | €4,689 | €600 | -€4,089 | -87.2% |
| Gross operating margin | 9900 | -€7,338 | -€3,955 | +€3,383 | +46.1% |
| Operating profit (loss) | 9901 | -€12,576 | -€5,687 | +€6,889 | +54.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €71 | €74 | +€3 | +4.1% |
| Recurring financial charges | 65 | €71 | €74 | +€3 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,647 | -€5,761 | +€6,886 | +54.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€12,647 | -€5,761 | +€6,886 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,647 | -€5,761 | +€6,886 | +54.4% |
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 6 October 2026 via checked.be.