L'EXSELLENT: 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.
What changed
L'EXSELLENT
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€62,256
2024 · €92,642-€30,386
Equity
€222,449
2024 · €160,193+€62,256
Cash
€24,845
2024 · €20,872+€3,972
Balance sheet total
€1.2m
2024 · €736,152+€473,330
Largest movements
Assets
- Receivables within one year +€417,867
up €417,867 (+81.3%), from €513,706 to €931,572
of which Trade receivables: +€417,378
- Stocks and contracts +€31,741
up €31,741 (+24.1%), from €131,926 to €163,667
- Deferred charges and accrued income +€21,279
up €21,279 (+54.3%), from €39,211 to €60,489
Equity and liabilities
- Trade debts +€258,534
up €258,534 (+102.1%), from €253,185 to €511,719
- Accrued charges and deferred income +€86,999
up €86,999 (+129.5%), from €67,173 to €154,172
- Profit (loss) carried forward +€54,807
up €54,807, from -€54,807 to €0
- Short-term financial debts +€49,583
up €49,583 (+43.7%), from €113,388 to €162,971
Income statement
- Gross operating margin -€30,547
down €30,547 (-10.0%), from €305,649 to €275,102
- Staff costs +€12,959
up €12,959 (+9.2%), from €140,830 to €153,789
- Taxes -€9,818
down €9,818 (-25.6%), from €38,352 to €28,534
- Depreciation -€4,508
down €4,508 (-32.0%), from €14,090 to €9,582
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.
Result 2024
€92,642
Gross operating margin
-€30,547
Staff costs
-€12,959
Depreciation
+€4,508
Write-downs
-€1,080
Other operating charges
-€873
Other operating items
+€1,700
Financial income
-€2,391
Financial charges
+€1,438
Taxes
+€9,818
Result 2025
€62,256
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.
From operations
-€42,410
Investment
-€8,053
Financing
+€54,436
Cash 2024
€20,872
From operations (derived)
-€42,410
Net result for the year
+€62,256
Depreciation
+€9,582
Stocks and contracts
-€31,741
Receivables within one year
-€417,867
Deferred charges and accrued income
-€21,279
Trade debts
+€258,534
Tax, wage and social debts
+€11,107
Accrued charges and deferred income
+€86,999
Investment (derived)
-€8,053
Investment in fixed assets (net)
-€8,053
Financing
+€54,436
Debts after one year
+€4,853
Short-term financial debts
+€49,583
Cash 2025
€24,845
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €736,152 | €1,209,483 | +€473,330 | +64.3% |
| Fixed assets | 21/28 | €30,438 | €28,910 | -€1,529 | -5.0% |
| Intangible fixed assets | 21 | €2,115 | €702 | -€1,413 | -66.8% |
| Tangible fixed assets | 22/27 | €23,534 | €23,385 | -€148 | -0.6% |
| Plant, machinery and equipment | 23 | €0 | €2,880 | +€2,880 | |
| Furniture and vehicles | 24 | €17,312 | €16,188 | -€1,124 | -6.5% |
| Other tangible fixed assets | 26 | €6,221 | €4,318 | -€1,904 | -30.6% |
| Financial fixed assets | 28 | €4,790 | €4,822 | +€33 | +0.7% |
| Current assets | 29/58 | €705,714 | €1,180,573 | +€474,859 | +67.3% |
| Stocks and contracts in progress | 3 | €131,926 | €163,667 | +€31,741 | +24.1% |
| Stocks | 30/36 | €131,926 | €163,667 | +€31,741 | +24.1% |
| Amounts receivable within one year | 40/41 | €513,706 | €931,572 | +€417,867 | +81.3% |
| Trade receivables | 40 | €509,540 | €926,918 | +€417,378 | +81.9% |
| Other amounts receivable | 41 | €4,166 | €4,654 | +€489 | +11.7% |
| Cash at bank and in hand | 54/58 | €20,872 | €24,845 | +€3,972 | +19.0% |
| Deferred charges and accrued income | 490/1 | €39,211 | €60,489 | +€21,279 | +54.3% |
| Total equity and liabilities | 10/49 | €736,152 | €1,209,483 | +€473,330 | +64.3% |
| Equity | 10/15 | €160,193 | €222,449 | +€62,256 | +38.9% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | - | €7,449 | +€7,449 | |
| Distributable reserves | 133 | - | €7,449 | +€7,449 | |
| Profit (loss) carried forward | 14 | -€54,807 | €0 | +€54,807 | |
| Amounts payable | 17/49 | €575,959 | €987,034 | +€411,075 | +71.4% |
| Amounts payable after more than one year | 17 | €44,212 | €49,065 | +€4,853 | +11.0% |
| Other amounts payable | 178/9 | €44,212 | €49,065 | +€4,853 | +11.0% |
| Amounts payable within one year | 42/48 | €464,574 | €783,797 | +€319,224 | +68.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €113,388 | €162,971 | +€49,583 | +43.7% |
| Credit institutions | 430/8 | €113,388 | €162,971 | +€49,583 | +43.7% |
| Trade debts | 44 | €253,185 | €511,719 | +€258,534 | +102.1% |
| Suppliers | 440/4 | €253,185 | €511,719 | +€258,534 | +102.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €98,001 | €109,108 | +€11,107 | +11.3% |
| Taxes | 450/3 | €76,080 | €83,943 | +€7,863 | +10.3% |
| Remuneration and social security | 454/9 | €21,921 | €25,164 | +€3,244 | +14.8% |
| Accrued charges and deferred income | 492/3 | €67,173 | €154,172 | +€86,999 | +129.5% |
| Non-recurring operating income | 76A | €0 | €23,755 | +€23,755 | |
| Remuneration, social security and pensions | 62 | €140,830 | €153,789 | +€12,959 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,090 | €9,582 | -€4,508 | -32.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €198 | €1,278 | +€1,080 | +547.1% |
| Other operating charges | 640/8 | €10,119 | €10,992 | +€873 | +8.6% |
| Non-recurring operating charges | 66A | €1,700 | €0 | -€1,700 | -100.0% |
| Gross operating margin | 9900 | €305,649 | €275,102 | -€30,547 | -10.0% |
| Operating profit (loss) | 9901 | €138,712 | €99,461 | -€39,251 | -28.3% |
| Financial income | 75/76B | €6,292 | €3,900 | -€2,391 | -38.0% |
| Recurring financial income | 75 | €6,292 | €3,900 | -€2,391 | -38.0% |
| Financial charges | 65/66B | €14,010 | €12,572 | -€1,438 | -10.3% |
| Recurring financial charges | 65 | €14,010 | €12,572 | -€1,438 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €130,994 | €90,790 | -€40,204 | -30.7% |
| Income taxes | 67/77 | €38,352 | €28,534 | -€9,818 | -25.6% |
| Profit (loss) for the period | 9904 | €92,642 | €62,256 | -€30,386 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,642 | €62,256 | -€30,386 | -32.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.