FinXellence: 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.
FinXellence
Largest movements
- Current investments -€105,000
down €105,000 (-100%), from €105,000 to €0
- Cash +€55,193
up €55,193 (+224%), from €24,686 to €79,879
mainly Current investments (+€105,000) and Depreciation (+€12,690)
- Tangible fixed assets -€12,690
down €12,690 (-3.6%), from €355,251 to €342,561
of which Land and buildings: -€11,436
- Receivables within one year +€5,743
up €5,743 (+192%), from €2,989 to €8,732
of which Trade receivables: +€7,829
- Debts after one year -€29,708
down €29,708 (-100%), from €29,708 to €0
- Profit (loss) carried forward -€20,487
down €20,487 (-25.7%), from -€79,645 to -€100,132
- Current portion of long-term debt -€10,173
down €10,173 (-25.5%), from €39,880 to €29,708
- Tax, wage and social debts +€7,010
up €7,010 (+307%), from €2,286 to €9,295
of which Taxes: +€8,991
- Gross operating margin +€19,520
up €19,520 (+88.3%), from -€22,095 to -€2,576
- Depreciation -€18,600
down €18,600 (-59.4%), from €31,291 to €12,690
- Financial charges -€8,859
down €8,859 (-77.0%), from €11,507 to €2,648
- Other operating charges -€5,952
down €5,952 (-58.3%), from €10,212 to €4,260
- Staff costs -€4,108
down €4,108 (-91.0%), from €4,517 to €409
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 | €492,683 | €436,021 | -€56,662 | -11.5% |
| Fixed assets | 21/28 | €357,481 | €344,791 | -€12,690 | -3.5% |
| Tangible fixed assets | 22/27 | €355,251 | €342,561 | -€12,690 | -3.6% |
| Land and buildings | 22 | €352,754 | €341,318 | -€11,436 | -3.2% |
| Furniture and vehicles | 24 | €1,229 | €130 | -€1,099 | -89.4% |
| Other tangible fixed assets | 26 | €1,268 | €1,113 | -€155 | -12.2% |
| Financial fixed assets | 28 | €2,230 | €2,230 | = | 0.0% |
| Current assets | 29/58 | €135,202 | €91,230 | -€43,971 | -32.5% |
| Amounts receivable within one year | 40/41 | €2,989 | €8,732 | +€5,743 | +192% |
| Trade receivables | 40 | - | €7,829 | +€7,829 | |
| Other amounts receivable | 41 | €2,989 | €904 | -€2,085 | -69.8% |
| Current investments | 50/53 | €105,000 | €0 | -€105,000 | -100% |
| Cash at bank and in hand | 54/58 | €24,686 | €79,879 | +€55,193 | +224% |
| Deferred charges and accrued income | 490/1 | €2,527 | €2,619 | +€93 | +3.7% |
| Total equity and liabilities | 10/49 | €492,683 | €436,021 | -€56,662 | -11.5% |
| Equity | 10/15 | €402,958 | €382,471 | -€20,487 | -5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €476,403 | €476,403 | = | 0.0% |
| Distributable reserves | 133 | €476,403 | €476,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,645 | -€100,132 | -€20,487 | -25.7% |
| Amounts payable | 17/49 | €89,725 | €53,551 | -€36,174 | -40.3% |
| Amounts payable after more than one year | 17 | €29,708 | €0 | -€29,708 | -100% |
| Financial debts | 170/4 | €29,708 | €0 | -€29,708 | -100% |
| Amounts payable within one year | 42/48 | €57,808 | €51,421 | -€6,387 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €39,880 | €29,708 | -€10,173 | -25.5% |
| Financial debts | 43 | €8,021 | €5,371 | -€2,649 | -33.0% |
| Other loans | 439 | €8,021 | €5,371 | -€2,649 | -33.0% |
| Trade debts | 44 | €1,282 | €4,107 | +€2,825 | +220% |
| Suppliers | 440/4 | €1,282 | €4,107 | +€2,825 | +220% |
| Taxes, remuneration and social security | 45 | €2,286 | €9,295 | +€7,010 | +307% |
| Taxes | 450/3 | €304 | €9,295 | +€8,991 | +2,960% |
| Remuneration and social security | 454/9 | €1,982 | €0 | -€1,982 | -100% |
| Other amounts payable | 47/48 | €6,340 | €2,940 | -€3,400 | -53.6% |
| Accrued charges and deferred income | 492/3 | €2,210 | €2,130 | -€80 | -3.6% |
| Remuneration, social security and pensions | 62 | €4,517 | €409 | -€4,108 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,291 | €12,690 | -€18,600 | -59.4% |
| Other operating charges | 640/8 | €10,212 | €4,260 | -€5,952 | -58.3% |
| Gross operating margin | 9900 | -€22,095 | -€2,576 | +€19,520 | +88.3% |
| Operating profit (loss) | 9901 | -€68,115 | -€19,935 | +€48,180 | +70.7% |
| Financial income | 75/76B | €718 | €2,376 | +€1,658 | +231% |
| Recurring financial income | 75 | €718 | €2,376 | +€1,658 | +231% |
| Financial charges | 65/66B | €11,507 | €2,648 | -€8,859 | -77.0% |
| Recurring financial charges | 65 | €11,507 | €2,648 | -€8,859 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | -€78,904 | -€20,207 | +€58,696 | +74.4% |
| Income taxes | 67/77 | €741 | €280 | -€461 | -62.2% |
| Profit (loss) for the period | 9904 | -€79,645 | -€20,487 | +€59,158 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,645 | -€20,487 | +€59,158 | +74.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.