EXCELLENTIS: 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.
EXCELLENTIS
Largest movements
- Cash +€17,795
up €17,795 (+156.4%), from €11,381 to €29,176
mainly Net result for the year (+€35,196) and Tax, wage and social debts (+€9,290)
- Receivables within one year +€9,222
up €9,222 (+71.1%), from €12,971 to €22,194
of which Trade receivables: +€13,799
- Tangible fixed assets +€1,705
new in 2025: €1,705
- Reserves +€30,404
up €30,404 (+1617.6%), from €1,880 to €32,283
of which Distributable reserves: +€30,404
- Trade debts -€15,764
down €15,764 (-97.1%), from €16,238 to €475
- Tax, wage and social debts +€9,290
up €9,290 (+203.0%), from €4,576 to €13,866
of which Remuneration and social security: +€10,397
- Profit (loss) carried forward +€4,792
up €4,792, from -€4,541 to €251
- Gross operating margin +€70,274
up €70,274 (+112.2%), from €62,616 to €132,890
- Staff costs +€34,739
up €34,739 (+56.5%), from €61,477 to €96,216
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 | €24,352 | €53,074 | +€28,722 | +117.9% |
| Fixed assets | 21/28 | - | €1,705 | +€1,705 | |
| Tangible fixed assets | 22/27 | - | €1,705 | +€1,705 | |
| Plant, machinery and equipment | 23 | - | €1,705 | +€1,705 | |
| Current assets | 29/58 | €24,352 | €51,369 | +€27,017 | +110.9% |
| Amounts receivable within one year | 40/41 | €12,971 | €22,194 | +€9,222 | +71.1% |
| Trade receivables | 40 | €5,665 | €19,464 | +€13,799 | +243.6% |
| Other amounts receivable | 41 | €7,306 | €2,730 | -€4,577 | -62.6% |
| Cash at bank and in hand | 54/58 | €11,381 | €29,176 | +€17,795 | +156.4% |
| Total equity and liabilities | 10/49 | €24,352 | €53,074 | +€28,722 | +117.9% |
| Equity | 10/15 | €3,538 | €38,734 | +€35,196 | +994.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,880 | €32,283 | +€30,404 | +1617.6% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Legal reserve | 130 | €1,880 | €1,880 | = | 0.0% |
| Distributable reserves | 133 | - | €30,404 | +€30,404 | |
| Profit (loss) carried forward | 14 | -€4,541 | €251 | +€4,792 | |
| Amounts payable | 17/49 | €20,814 | €14,340 | -€6,474 | -31.1% |
| Amounts payable within one year | 42/48 | €20,814 | €14,340 | -€6,474 | -31.1% |
| Trade debts | 44 | €16,238 | €475 | -€15,764 | -97.1% |
| Suppliers | 440/4 | €16,238 | €475 | -€15,764 | -97.1% |
| Taxes, remuneration and social security | 45 | €4,576 | €13,866 | +€9,290 | +203.0% |
| Taxes | 450/3 | €1,107 | - | -€1,107 | |
| Remuneration and social security | 454/9 | €3,469 | €13,866 | +€10,397 | +299.7% |
| Remuneration, social security and pensions | 62 | €61,477 | €96,216 | +€34,739 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €852 | +€852 | |
| Other operating charges | 640/8 | €451 | €535 | +€84 | +18.5% |
| Gross operating margin | 9900 | €62,616 | €132,890 | +€70,274 | +112.2% |
| Operating profit (loss) | 9901 | €687 | €35,286 | +€34,599 | +5034.9% |
| Financial charges | 65/66B | €69 | €72 | +€3 | +4.8% |
| Recurring financial charges | 65 | €69 | €72 | +€3 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €618 | €35,214 | +€34,595 | +5594.9% |
| Income taxes | 67/77 | €635 | €18 | -€618 | -97.2% |
| Profit (loss) for the period | 9904 | -€17 | €35,196 | +€35,213 | |
| Transfer to tax-exempt reserves | 689 | - | €30,404 | +€30,404 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17 | €4,792 | +€4,809 |
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 11 October 2026 via checked.be.