EXELLCO: 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.
EXELLCO
Largest movements
- Tangible fixed assets -€23,984
down €23,984 (-21.5%), from €111,545 to €87,560
of which Other tangible fixed assets: -€13,458
- Stocks and contracts -€16,542
down €16,542 (-14.1%), from €117,336 to €100,794
- Receivables within one year +€7,547
up €7,547 (+233.3%), from €3,234 to €10,781
of which Trade receivables: +€7,547
- Profit (loss) carried forward -€77,650
down €77,650 (-46.6%), from -€166,779 to -€244,429
- Other debts +€54,789
up €54,789 (+16.3%), from €337,139 to €391,928
- Debts after one year -€15,137
down €15,137 (-56.6%), from €26,746 to €11,609
- Trade debts +€4,765
up €4,765 (+149.6%), from €3,184 to €7,949
- Gross operating margin +€4,762
up €4,762 (+10.1%), from -€47,370 to -€42,608
- Other operating charges +€1,804
up €1,804 (+41.0%), from €4,399 to €6,202
- Depreciation -€1,578
down €1,578 (-5.7%), from €27,890 to €26,312
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 | €241,909 | €210,994 | -€30,914 | -12.8% |
| Fixed assets | 21/28 | €111,545 | €87,560 | -€23,984 | -21.5% |
| Tangible fixed assets | 22/27 | €111,545 | €87,560 | -€23,984 | -21.5% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €247 | €93 | -€154 | -62.3% |
| Furniture and vehicles | 24 | €334 | €1,845 | +€1,511 | +452.1% |
| Leasing and similar rights | 25 | €45,354 | €33,470 | -€11,884 | -26.2% |
| Other tangible fixed assets | 26 | €65,610 | €52,152 | -€13,458 | -20.5% |
| Current assets | 29/58 | €130,364 | €123,434 | -€6,930 | -5.3% |
| Stocks and contracts in progress | 3 | €117,336 | €100,794 | -€16,542 | -14.1% |
| Stocks | 30/36 | €117,336 | €100,794 | -€16,542 | -14.1% |
| Amounts receivable within one year | 40/41 | €3,234 | €10,781 | +€7,547 | +233.3% |
| Trade receivables | 40 | €3,211 | €10,758 | +€7,547 | +235.0% |
| Other amounts receivable | 41 | €23 | €23 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,374 | €5,459 | +€1,086 | +24.8% |
| Deferred charges and accrued income | 490/1 | €5,420 | €6,399 | +€980 | +18.1% |
| Total equity and liabilities | 10/49 | €241,909 | €210,994 | -€30,914 | -12.8% |
| Equity | 10/15 | -€141,779 | -€219,429 | -€77,650 | -54.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,779 | -€244,429 | -€77,650 | -46.6% |
| Amounts payable | 17/49 | €383,688 | €430,424 | +€46,736 | +12.2% |
| Amounts payable after more than one year | 17 | €26,746 | €11,609 | -€15,137 | -56.6% |
| Financial debts | 170/4 | €26,746 | €11,609 | -€15,137 | -56.6% |
| Amounts payable within one year | 42/48 | €356,942 | €418,814 | +€61,873 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €14,754 | €15,137 | +€382 | +2.6% |
| Trade debts | 44 | €3,184 | €7,949 | +€4,765 | +149.6% |
| Suppliers | 440/4 | €3,184 | €7,949 | +€4,765 | +149.6% |
| Taxes, remuneration and social security | 45 | €1,865 | €3,801 | +€1,936 | +103.8% |
| Taxes | 450/3 | €1,865 | €3,801 | +€1,936 | +103.8% |
| Other amounts payable | 47/48 | €337,139 | €391,928 | +€54,789 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,890 | €26,312 | -€1,578 | -5.7% |
| Other operating charges | 640/8 | €4,399 | €6,202 | +€1,804 | +41.0% |
| Gross operating margin | 9900 | -€47,370 | -€42,608 | +€4,762 | +10.1% |
| Operating profit (loss) | 9901 | -€79,659 | -€75,123 | +€4,536 | +5.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.7% |
| Financial charges | 65/66B | €2,613 | €2,315 | -€298 | -11.4% |
| Recurring financial charges | 65 | €2,613 | €2,315 | -€298 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€82,271 | -€77,438 | +€4,833 | +5.9% |
| Income taxes | 67/77 | €231 | €212 | -€19 | -8.0% |
| Profit (loss) for the period | 9904 | -€82,502 | -€77,650 | +€4,852 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,502 | -€77,650 | +€4,852 | +5.9% |
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 3 October 2026 via checked.be.