Excwell: 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.
Excwell
Largest movements
- Cash +€94,503
up €94,503 (+259%), from €36,553 to €131,056
mainly Other debts (+€104,745) and Net result for the year (+€77,824)
- Receivables within one year -€19,711
down €19,711 (-42.2%), from €46,712 to €27,001
of which Trade receivables: -€19,480
- Tangible fixed assets -€14,128
down €14,128 (-19.2%), from €73,617 to €59,489
of which Furniture and vehicles: -€14,876
- Other debts +€104,745
up €104,745 (+3,263%), from €3,210 to €107,955
- Reserves -€44,330
down €44,330 (-35.7%), from €124,014 to €79,684
of which Distributable reserves: -€42,470
- Gross operating margin -€36,337
down €36,337 (-23.7%), from €153,409 to €117,072
- Taxes -€9,769
down €9,769 (-32.7%), from €29,881 to €20,112
- Depreciation +€8,264
up €8,264 (+91.9%), from €8,990 to €17,254
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 | €158,066 | €218,655 | +€60,590 | +38.3% |
| Fixed assets | 21/28 | €73,617 | €59,489 | -€14,128 | -19.2% |
| Tangible fixed assets | 22/27 | €73,617 | €59,489 | -€14,128 | -19.2% |
| Plant, machinery and equipment | 23 | - | €1,634 | +€1,634 | |
| Furniture and vehicles | 24 | €70,958 | €56,083 | -€14,876 | -21.0% |
| Other tangible fixed assets | 26 | €2,659 | €1,773 | -€886 | -33.3% |
| Current assets | 29/58 | €84,448 | €159,166 | +€74,718 | +88.5% |
| Amounts receivable within one year | 40/41 | €46,712 | €27,001 | -€19,711 | -42.2% |
| Trade receivables | 40 | €41,593 | €22,113 | -€19,480 | -46.8% |
| Other amounts receivable | 41 | €5,119 | €4,888 | -€231 | -4.5% |
| Cash at bank and in hand | 54/58 | €36,553 | €131,056 | +€94,503 | +259% |
| Deferred charges and accrued income | 490/1 | €1,184 | €1,110 | -€74 | -6.3% |
| Total equity and liabilities | 10/49 | €158,066 | €218,655 | +€60,590 | +38.3% |
| Equity | 10/15 | €142,564 | €98,234 | -€44,330 | -31.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €124,014 | €79,684 | -€44,330 | -35.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €122,154 | €79,684 | -€42,470 | -34.8% |
| Amounts payable | 17/49 | €15,502 | €120,421 | +€104,920 | +677% |
| Amounts payable within one year | 42/48 | €15,502 | €120,421 | +€104,920 | +677% |
| Trade debts | 44 | €2,112 | €3,647 | +€1,535 | +72.7% |
| Suppliers | 440/4 | €2,112 | €3,647 | +€1,535 | +72.7% |
| Taxes, remuneration and social security | 45 | €10,180 | €8,819 | -€1,361 | -13.4% |
| Taxes | 450/3 | €10,180 | €8,819 | -€1,361 | -13.4% |
| Other amounts payable | 47/48 | €3,210 | €107,955 | +€104,745 | +3,263% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,990 | €17,254 | +€8,264 | +91.9% |
| Other operating charges | 640/8 | €1,073 | €853 | -€221 | -20.6% |
| Gross operating margin | 9900 | €153,409 | €117,072 | -€36,337 | -23.7% |
| Operating profit (loss) | 9901 | €143,346 | €98,965 | -€44,381 | -31.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +11,600% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +11,600% |
| Financial charges | 65/66B | €156 | €1,030 | +€874 | +561% |
| Recurring financial charges | 65 | €156 | €1,030 | +€874 | +561% |
| Profit (loss) for the period before taxes | 9903 | €143,190 | €97,936 | -€45,254 | -31.6% |
| Income taxes | 67/77 | €29,881 | €20,112 | -€9,769 | -32.7% |
| Profit (loss) for the period | 9904 | €113,309 | €77,824 | -€35,485 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,309 | €77,824 | -€35,485 | -31.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.