EXELENTIA: 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.
EXELENTIA
Largest movements
- Cash +€24,084
up €24,084 (+122%), from €19,663 to €43,747
mainly Net result for the year (+€26,167) and Tax, wage and social debts (+€9,760)
- Receivables within one year +€6,523
up €6,523 (+49.2%), from €13,260 to €19,783
- Tangible fixed assets -€3,839
down €3,839 (-35.1%), from €10,943 to €7,104
- Profit (loss) carried forward +€26,167
up €26,167 (+165%), from €15,818 to €41,985
- Tax, wage and social debts +€9,760
up €9,760 (+70.5%), from €13,841 to €23,601
- Other debts -€8,097
down €8,097 (-88.4%), from €9,158 to €1,061
- Trade debts -€955
down €955 (-59.1%), from €1,616 to €661
- Gross operating margin +€37,633
up €37,633 (+746%), from €5,043 to €42,676
- Turnover +€35,680
up €35,680 (+25.9%), from €138,010 to €173,690
- Taxes +€7,489
up €7,489 (+352%), from €2,126 to €9,615
- Purchases and services -€1,953
down €1,953 (-1.5%), from €132,967 to €131,014
- Depreciation +€1,938
up €1,938 (+62.0%), from €3,127 to €5,065
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 | €48,493 | €75,368 | +€26,875 | +55.4% |
| Fixed assets | 21/28 | €10,943 | €7,104 | -€3,839 | -35.1% |
| Tangible fixed assets | 22/27 | €10,943 | €7,104 | -€3,839 | -35.1% |
| Furniture and vehicles | 24 | €10,943 | €7,104 | -€3,839 | -35.1% |
| Current assets | 29/58 | €37,550 | €68,264 | +€30,714 | +81.8% |
| Amounts receivable within one year | 40/41 | €13,260 | €19,783 | +€6,523 | +49.2% |
| Trade receivables | 40 | €13,260 | €19,783 | +€6,523 | +49.2% |
| Cash at bank and in hand | 54/58 | €19,663 | €43,747 | +€24,084 | +122% |
| Deferred charges and accrued income | 490/1 | €4,627 | €4,733 | +€106 | +2.3% |
| Total equity and liabilities | 10/49 | €48,493 | €75,368 | +€26,875 | +55.4% |
| Equity | 10/15 | €23,878 | €50,045 | +€26,167 | +110% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,818 | €41,985 | +€26,167 | +165% |
| Amounts payable | 17/49 | €24,616 | €25,323 | +€707 | +2.9% |
| Amounts payable within one year | 42/48 | €24,616 | €25,323 | +€707 | +2.9% |
| Trade debts | 44 | €1,616 | €661 | -€955 | -59.1% |
| Suppliers | 440/4 | €1,616 | €661 | -€955 | -59.1% |
| Taxes, remuneration and social security | 45 | €13,841 | €23,601 | +€9,760 | +70.5% |
| Taxes | 450/3 | €13,841 | €23,601 | +€9,760 | +70.5% |
| Other amounts payable | 47/48 | €9,158 | €1,061 | -€8,097 | -88.4% |
| Turnover | 70 | €138,010 | €173,690 | +€35,680 | +25.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €132,967 | €131,014 | -€1,953 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,127 | €5,065 | +€1,938 | +62.0% |
| Other operating charges | 640/8 | €1,484 | €1,594 | +€110 | +7.4% |
| Gross operating margin | 9900 | €5,043 | €42,676 | +€37,633 | +746% |
| Operating profit (loss) | 9901 | €433 | €36,018 | +€35,585 | +8,221% |
| Financial charges | 65/66B | €318 | €235 | -€82 | -25.9% |
| Recurring financial charges | 65 | €318 | €235 | -€82 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €115 | €35,782 | +€35,667 | +30,939% |
| Income taxes | 67/77 | €2,126 | €9,615 | +€7,489 | +352% |
| Profit (loss) for the period | 9904 | -€2,011 | €26,167 | +€28,178 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,011 | €26,167 | +€28,178 |
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 20 October 2026 via checked.be.