EXCELLIA: 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.
EXCELLIA
Largest movements
- Cash +€74,352
up €74,352 (+50.8%), from €146,484 to €220,836
mainly Other debts (+€81,715) and Net result for the year (+€77,007)
- Receivables after one year -€8,316
down €8,316 (-9.4%), from €88,004 to €79,688
- Receivables within one year +€5,051
up €5,051 (+26.9%), from €18,759 to €23,810
of which Other amounts receivable: +€4,924
- Other debts +€81,715
up €81,715 (+436.4%), from €18,725 to €100,440
- Reserves -€15,015
down €15,015 (-5.9%), from €253,588 to €238,573
No income-statement line moved by more than 1% of the activity.
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 | €291,692 | €357,689 | +€65,997 | +22.6% |
| Fixed assets | 21/28 | €24,793 | €22,873 | -€1,919 | -7.7% |
| Tangible fixed assets | 22/27 | €24,673 | €22,753 | -€1,919 | -7.8% |
| Plant, machinery and equipment | 23 | €18,230 | €15,519 | -€2,710 | -14.9% |
| Furniture and vehicles | 24 | €6,443 | €7,234 | +€791 | +12.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €266,899 | €334,816 | +€67,916 | +25.4% |
| Amounts receivable after more than one year | 29 | €88,004 | €79,688 | -€8,316 | -9.4% |
| Trade receivables | 290 | €88,004 | €79,688 | -€8,316 | -9.4% |
| Amounts receivable within one year | 40/41 | €18,759 | €23,810 | +€5,051 | +26.9% |
| Trade receivables | 40 | €18,634 | €18,760 | +€126 | +0.7% |
| Other amounts receivable | 41 | €125 | €5,049 | +€4,924 | +3933.7% |
| Cash at bank and in hand | 54/58 | €146,484 | €220,836 | +€74,352 | +50.8% |
| Deferred charges and accrued income | 490/1 | €13,652 | €10,482 | -€3,170 | -23.2% |
| Total equity and liabilities | 10/49 | €291,692 | €357,689 | +€65,997 | +22.6% |
| Equity | 10/15 | €253,588 | €238,573 | -€15,015 | -5.9% |
| Reserves | 13 | €253,588 | €238,573 | -€15,015 | -5.9% |
| Distributable reserves | 133 | €253,588 | €238,573 | -€15,015 | -5.9% |
| Amounts payable | 17/49 | €38,104 | €119,116 | +€81,012 | +212.6% |
| Amounts payable within one year | 42/48 | €38,104 | €119,116 | +€81,012 | +212.6% |
| Trade debts | 44 | €392 | €1,157 | +€765 | +195.4% |
| Suppliers | 440/4 | €392 | €1,157 | +€765 | +195.4% |
| Taxes, remuneration and social security | 45 | €18,987 | €17,519 | -€1,468 | -7.7% |
| Taxes | 450/3 | €18,987 | €17,519 | -€1,468 | -7.7% |
| Other amounts payable | 47/48 | €18,725 | €100,440 | +€81,715 | +436.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,735 | €5,555 | +€820 | +17.3% |
| Other operating charges | 640/8 | €780 | €638 | -€142 | -18.2% |
| Gross operating margin | 9900 | €110,826 | €111,515 | +€689 | +0.6% |
| Operating profit (loss) | 9901 | €105,311 | €105,322 | +€12 | 0.0% |
| Financial income | 75/76B | €4,244 | €3,873 | -€371 | -8.7% |
| Recurring financial income | 75 | €4,244 | €3,873 | -€371 | -8.7% |
| Financial charges | 65/66B | €2,455 | €2,537 | +€82 | +3.3% |
| Recurring financial charges | 65 | €2,455 | €2,537 | +€82 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €107,099 | €106,658 | -€441 | -0.4% |
| Income taxes | 67/77 | €29,624 | €29,651 | +€27 | +0.1% |
| Profit (loss) for the period | 9904 | €77,475 | €77,007 | -€468 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,475 | €77,007 | -€468 | -0.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.