Excellentia IT: 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.
Excellentia IT
Largest movements
- Cash -€68,224
down €68,224 (-50.9%), from €134,079 to €65,856
mainly Contributions, distributions and other (-€140,000) and Current investments (-€49,033)
- Current investments +€49,033
new in 2025: €49,033
- Tangible fixed assets +€26,574
up €26,574 (+1,026%), from €2,590 to €29,164
of which Land and buildings: +€22,618
- Reserves -€44,479
down €44,479 (-99.2%), from €44,825 to €347
- Other debts +€40,378
up €40,378 (+39.1%), from €103,369 to €143,747
- Tax, wage and social debts +€10,567
up €10,567 (+544%), from €1,944 to €12,511
- Gross operating margin +€9,047
up €9,047 (+7.0%), from €128,958 to €138,005
- Taxes +€5,202
up €5,202 (+18.6%), from €27,996 to €33,198
- Financial income -€5,092
down €5,092 (-94.6%), from €5,383 to €291
- Depreciation +€3,607
up €3,607 (+89.3%), from €4,039 to €7,646
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 | €160,478 | €167,284 | +€6,806 | +4.2% |
| Fixed assets | 21/28 | €2,590 | €29,164 | +€26,574 | +1,026% |
| Tangible fixed assets | 22/27 | €2,590 | €29,164 | +€26,574 | +1,026% |
| Land and buildings | 22 | - | €22,618 | +€22,618 | |
| Furniture and vehicles | 24 | €2,590 | €6,546 | +€3,956 | +153% |
| Current assets | 29/58 | €157,888 | €138,120 | -€19,768 | -12.5% |
| Amounts receivable within one year | 40/41 | €19,349 | €18,919 | -€430 | -2.2% |
| Trade receivables | 40 | €15,086 | €16,915 | +€1,829 | +12.1% |
| Other amounts receivable | 41 | €4,263 | €2,004 | -€2,259 | -53.0% |
| Current investments | 50/53 | - | €49,033 | +€49,033 | |
| Cash at bank and in hand | 54/58 | €134,079 | €65,856 | -€68,224 | -50.9% |
| Deferred charges and accrued income | 490/1 | €4,460 | €4,311 | -€148 | -3.3% |
| Total equity and liabilities | 10/49 | €160,478 | €167,284 | +€6,806 | +4.2% |
| Equity | 10/15 | €49,825 | €5,347 | -€44,479 | -89.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,825 | €347 | -€44,479 | -99.2% |
| Distributable reserves | 133 | €44,825 | €347 | -€44,479 | -99.2% |
| Amounts payable | 17/49 | €110,653 | €161,937 | +€51,284 | +46.3% |
| Amounts payable within one year | 42/48 | €110,368 | €161,267 | +€50,898 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €921 | - | -€921 | |
| Financial debts | 43 | €7 | €14 | +€7 | +110% |
| Credit institutions | 430/8 | €7 | €14 | +€7 | +110% |
| Trade debts | 44 | €4,128 | €4,994 | +€867 | +21.0% |
| Suppliers | 440/4 | €4,128 | €4,994 | +€867 | +21.0% |
| Taxes, remuneration and social security | 45 | €1,944 | €12,511 | +€10,567 | +544% |
| Taxes | 450/3 | €1,944 | €12,511 | +€10,567 | +544% |
| Other amounts payable | 47/48 | €103,369 | €143,747 | +€40,378 | +39.1% |
| Accrued charges and deferred income | 492/3 | €284 | €670 | +€386 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,039 | €7,646 | +€3,607 | +89.3% |
| Other operating charges | 640/8 | €1,016 | €967 | -€49 | -4.9% |
| Gross operating margin | 9900 | €128,958 | €138,005 | +€9,047 | +7.0% |
| Operating profit (loss) | 9901 | €123,903 | €129,393 | +€5,490 | +4.4% |
| Financial income | 75/76B | €5,383 | €291 | -€5,092 | -94.6% |
| Recurring financial income | 75 | €5,383 | €291 | -€5,092 | -94.6% |
| Financial charges | 65/66B | €1,479 | €964 | -€515 | -34.8% |
| Recurring financial charges | 65 | €1,479 | €964 | -€515 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €127,807 | €128,720 | +€912 | +0.7% |
| Income taxes | 67/77 | €27,996 | €33,198 | +€5,202 | +18.6% |
| Profit (loss) for the period | 9904 | €99,811 | €95,521 | -€4,290 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,811 | €95,521 | -€4,290 | -4.3% |
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 30 October 2026 via checked.be.