EXCELLENT MULTISERVICES: 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.
EXCELLENT MULTISERVICES
Largest movements
- Tangible fixed assets -€12,659
no longer reported in 2025 (was €12,659)
- Cash -€2,820
down €2,820 (-5.3%), from €52,911 to €50,091
mainly Trade debts (-€33,888) and Receivables within one year (-€1,329)
- Receivables within one year +€1,329
up €1,329 (+3.9%), from €34,155 to €35,484
of which Trade receivables: +€6,414
- Trade debts -€33,888
down €33,888 (-98.0%), from €34,588 to €700
- Profit (loss) carried forward +€10,498
up €10,498 (+46.4%), from €22,623 to €33,120
- Tax, wage and social debts +€9,240
up €9,240 (+38.4%), from €24,084 to €33,325
of which Remuneration and social security: +€4,900
- Other operating charges -€9,680
down €9,680 (-100%), from €9,680 to €0
- Gross operating margin -€6,470
down €6,470 (-28.8%), from €22,496 to €16,026
- Staff costs +€1,668
new in 2025: €1,668
- Depreciation -€397
down €397 (-29.3%), from €1,356 to €959
- Taxes -€281
down €281 (-9.0%), from €3,131 to €2,851
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 | €100,526 | €86,376 | -€14,150 | -14.1% |
| Fixed assets | 21/28 | €12,659 | - | -€12,659 | |
| Tangible fixed assets | 22/27 | €12,659 | - | -€12,659 | |
| Furniture and vehicles | 24 | €12,659 | - | -€12,659 | |
| Current assets | 29/58 | €87,867 | €86,376 | -€1,491 | -1.7% |
| Amounts receivable within one year | 40/41 | €34,155 | €35,484 | +€1,329 | +3.9% |
| Trade receivables | 40 | €16,975 | €23,389 | +€6,414 | +37.8% |
| Other amounts receivable | 41 | €17,180 | €12,095 | -€5,085 | -29.6% |
| Cash at bank and in hand | 54/58 | €52,911 | €50,091 | -€2,820 | -5.3% |
| Deferred charges and accrued income | 490/1 | €801 | €801 | = | 0.0% |
| Total equity and liabilities | 10/49 | €100,526 | €86,376 | -€14,150 | -14.1% |
| Equity | 10/15 | €41,854 | €52,351 | +€10,498 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €631 | €631 | = | 0.0% |
| Non-distributable reserves | 130/1 | €631 | €631 | = | 0.0% |
| Legal reserve | 130 | - | €631 | +€631 | |
| Reserves not available under the articles | 1311 | €631 | - | -€631 | |
| Profit (loss) carried forward | 14 | €22,623 | €33,120 | +€10,498 | +46.4% |
| Amounts payable | 17/49 | €58,672 | €34,025 | -€24,648 | -42.0% |
| Amounts payable within one year | 42/48 | €58,672 | €34,025 | -€24,648 | -42.0% |
| Trade debts | 44 | €34,588 | €700 | -€33,888 | -98.0% |
| Suppliers | 440/4 | €34,588 | €700 | -€33,888 | -98.0% |
| Taxes, remuneration and social security | 45 | €24,084 | €33,325 | +€9,240 | +38.4% |
| Taxes | 450/3 | €4,476 | €8,817 | +€4,340 | +97.0% |
| Remuneration and social security | 454/9 | €19,608 | €24,508 | +€4,900 | +25.0% |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Remuneration, social security and pensions | 62 | - | €1,668 | +€1,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,356 | €959 | -€397 | -29.3% |
| Other operating charges | 640/8 | €9,680 | €0 | -€9,680 | -100% |
| Gross operating margin | 9900 | €22,496 | €16,026 | -€6,470 | -28.8% |
| Operating profit (loss) | 9901 | €11,460 | €13,399 | +€1,939 | +16.9% |
| Financial charges | 65/66B | €65 | €51 | -€14 | -21.3% |
| Recurring financial charges | 65 | €65 | €51 | -€14 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €11,395 | €13,348 | +€1,953 | +17.1% |
| Income taxes | 67/77 | €3,131 | €2,851 | -€281 | -9.0% |
| Profit (loss) for the period | 9904 | €8,264 | €10,498 | +€2,234 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,264 | €10,498 | +€2,234 | +27.0% |
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 14 October 2026 via checked.be.