EXSEL: 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.
EXSEL
Largest movements
- Cash +€75,123
up €75,123 (+347.0%), from €21,652 to €96,775
mainly Net result for the year (+€76,850) and Tax, wage and social debts (+€19,180)
- Receivables within one year +€20,935
up €20,935 (+60.0%), from €34,872 to €55,807
- Profit (loss) carried forward +€76,850
up €76,850 (+259.1%), from €29,657 to €106,506
- Tax, wage and social debts +€19,180
up €19,180 (+88.0%), from €21,806 to €40,986
of which Taxes: +€21,680
- Gross operating margin +€59,922
up €59,922 (+159.8%), from €37,509 to €97,431
- Taxes +€12,380
up €12,380 (+159.0%), from €7,787 to €20,167
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,524 | €153,875 | +€97,351 | +172.2% |
| Fixed assets | 21/28 | - | €1,293 | +€1,293 | |
| Tangible fixed assets | 22/27 | - | €1,293 | +€1,293 | |
| Plant, machinery and equipment | 23 | - | €1,293 | +€1,293 | |
| Current assets | 29/58 | €56,524 | €152,582 | +€96,059 | +169.9% |
| Amounts receivable within one year | 40/41 | €34,872 | €55,807 | +€20,935 | +60.0% |
| Trade receivables | 40 | €34,872 | €55,807 | +€20,935 | +60.0% |
| Cash at bank and in hand | 54/58 | €21,652 | €96,775 | +€75,123 | +347.0% |
| Total equity and liabilities | 10/49 | €56,524 | €153,875 | +€97,351 | +172.2% |
| Equity | 10/15 | €34,657 | €111,506 | +€76,850 | +221.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,657 | €106,506 | +€76,850 | +259.1% |
| Amounts payable | 17/49 | €21,867 | €42,369 | +€20,502 | +93.8% |
| Amounts payable within one year | 42/48 | €21,867 | €42,369 | +€20,502 | +93.8% |
| Trade debts | 44 | €61 | €705 | +€644 | +1053.1% |
| Suppliers | 440/4 | €61 | €705 | +€644 | +1053.1% |
| Taxes, remuneration and social security | 45 | €21,806 | €40,986 | +€19,180 | +88.0% |
| Taxes | 450/3 | €19,306 | €40,986 | +€21,680 | +112.3% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | - | €677 | +€677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €201 | +€201 | |
| Other operating charges | 640/8 | €50 | €118 | +€68 | +136.0% |
| Gross operating margin | 9900 | €37,509 | €97,431 | +€59,922 | +159.8% |
| Operating profit (loss) | 9901 | €37,459 | €97,112 | +€59,653 | +159.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €16 | €95 | +€79 | +512.4% |
| Recurring financial charges | 65 | €16 | €95 | +€79 | +512.4% |
| Profit (loss) for the period before taxes | 9903 | €37,443 | €97,017 | +€59,573 | +159.1% |
| Income taxes | 67/77 | €7,787 | €20,167 | +€12,380 | +159.0% |
| Profit (loss) for the period | 9904 | €29,657 | €76,850 | +€47,193 | +159.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,657 | €76,850 | +€47,193 | +159.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.