Excellent Solutions: 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 Solutions
Largest movements
- Receivables within one year +€12,392
up €12,392 (+49.1%), from €25,240 to €37,631
of which Other amounts receivable: +€8,851
- Intangible fixed assets -€11,374
down €11,374 (-26.8%), from €42,443 to €31,069
- Cash -€6,562
down €6,562 (-39.3%), from €16,697 to €10,136
mainly Net result for the year (-€15,991) and Receivables within one year (-€12,392)
- Tangible fixed assets -€5,863
down €5,863 (-47.1%), from €12,438 to €6,575
of which Leasing and similar rights: -€4,959
- Profit (loss) carried forward -€15,991
down €15,991, from €0 to -€15,991
- Debts after one year +€3,192
up €3,192 (+13.6%), from €23,532 to €26,723
- Trade debts +€1,529
up €1,529 (+26.1%), from €5,854 to €7,383
- Gross operating margin -€36,428
down €36,428 (-88.3%), from €41,238 to €4,809
- Taxes -€5,204
down €5,204 (-100%), from €5,204 to €0
- Other operating charges -€478
down €478 (-33.2%), from €1,442 to €963
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,263 | €89,806 | -€11,457 | -11.3% |
| Fixed assets | 21/28 | €54,881 | €37,644 | -€17,237 | -31.4% |
| Intangible fixed assets | 21 | €42,443 | €31,069 | -€11,374 | -26.8% |
| Tangible fixed assets | 22/27 | €12,438 | €6,575 | -€5,863 | -47.1% |
| Plant, machinery and equipment | 23 | €2,697 | €1,793 | -€905 | -33.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €9,741 | €4,782 | -€4,959 | -50.9% |
| Current assets | 29/58 | €46,382 | €52,162 | +€5,780 | +12.5% |
| Amounts receivable within one year | 40/41 | €25,240 | €37,631 | +€12,392 | +49.1% |
| Trade receivables | 40 | €9,952 | €13,493 | +€3,540 | +35.6% |
| Other amounts receivable | 41 | €15,287 | €24,138 | +€8,851 | +57.9% |
| Cash at bank and in hand | 54/58 | €16,697 | €10,136 | -€6,562 | -39.3% |
| Deferred charges and accrued income | 490/1 | €4,445 | €4,395 | -€50 | -1.1% |
| Total equity and liabilities | 10/49 | €101,263 | €89,806 | -€11,457 | -11.3% |
| Equity | 10/15 | €48,752 | €32,761 | -€15,991 | -32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,152 | €30,152 | = | 0.0% |
| Distributable reserves | 133 | €30,152 | €30,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€15,991 | -€15,991 | |
| Amounts payable | 17/49 | €52,511 | €57,045 | +€4,534 | +8.6% |
| Amounts payable after more than one year | 17 | €23,532 | €26,723 | +€3,192 | +13.6% |
| Financial debts | 170/4 | €23,532 | €26,723 | +€3,192 | +13.6% |
| Amounts payable within one year | 42/48 | €28,980 | €29,776 | +€796 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €14,864 | €14,413 | -€450 | -3.0% |
| Financial debts | 43 | €22 | €79 | +€57 | +257% |
| Credit institutions | 430/8 | €22 | €79 | +€57 | +257% |
| Trade debts | 44 | €5,854 | €7,383 | +€1,529 | +26.1% |
| Suppliers | 440/4 | €5,854 | €7,383 | +€1,529 | +26.1% |
| Taxes, remuneration and social security | 45 | €8,240 | €7,901 | -€339 | -4.1% |
| Taxes | 450/3 | €5,211 | €4,481 | -€730 | -14.0% |
| Remuneration and social security | 454/9 | €3,030 | €3,421 | +€391 | +12.9% |
| Accrued charges and deferred income | 492/3 | €0 | €546 | +€546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,959 | €17,237 | +€278 | +1.6% |
| Other operating charges | 640/8 | €1,442 | €963 | -€478 | -33.2% |
| Gross operating margin | 9900 | €41,238 | €4,809 | -€36,428 | -88.3% |
| Operating profit (loss) | 9901 | €22,837 | -€13,392 | -€36,228 | |
| Financial income | 75/76B | €1,282 | €1,161 | -€121 | -9.5% |
| Recurring financial income | 75 | €1,282 | €1,161 | -€121 | -9.5% |
| Financial charges | 65/66B | €3,476 | €3,760 | +€284 | +8.2% |
| Recurring financial charges | 65 | €3,476 | €3,760 | +€284 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €20,642 | -€15,991 | -€36,633 | |
| Income taxes | 67/77 | €5,204 | €0 | -€5,204 | -100% |
| Profit (loss) for the period | 9904 | €15,438 | -€15,991 | -€31,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,438 | -€15,991 | -€31,429 |
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 15 October 2026 via checked.be.