Mexcellence: 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.
Mexcellence
Largest movements
- Cash +€45,032
up €45,032 (+47.8%), from €94,170 to €139,202
mainly Other debts (+€84,208) and Net result for the year (+€53,724)
- Receivables within one year +€5,164
up €5,164 (+14.1%), from €36,672 to €41,836
of which Other amounts receivable: +€10,758
- Intangible fixed assets -€4,417
down €4,417 (-43.1%), from €10,249 to €5,832
- Tangible fixed assets -€3,114
down €3,114 (-20.8%), from €14,991 to €11,877
of which Furniture and vehicles: -€4,088
- Other debts +€84,208
up €84,208 (+9,150%), from €920 to €85,128
- Reserves -€46,276
down €46,276 (-40.6%), from €114,001 to €67,725
of which Distributable reserves: -€46,276
- Tax, wage and social debts +€4,487
up €4,487 (+94.7%), from €4,739 to €9,226
- Trade debts +€3,442
up €3,442 (+28.8%), from €11,937 to €15,379
- Debts after one year -€3,128
down €3,128 (-35.0%), from €8,948 to €5,820
- Gross operating margin -€50,313
down €50,313 (-38.4%), from €130,929 to €80,616
- Taxes -€16,888
down €16,888 (-53.1%), from €31,784 to €14,896
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 | €162,138 | €205,294 | +€43,156 | +26.6% |
| Fixed assets | 21/28 | €26,679 | €19,148 | -€7,531 | -28.2% |
| Intangible fixed assets | 21 | €10,249 | €5,832 | -€4,417 | -43.1% |
| Tangible fixed assets | 22/27 | €14,991 | €11,877 | -€3,114 | -20.8% |
| Plant, machinery and equipment | 23 | €0 | €974 | +€974 | |
| Furniture and vehicles | 24 | €14,991 | €10,902 | -€4,088 | -27.3% |
| Financial fixed assets | 28 | €1,440 | €1,440 | = | 0.0% |
| Current assets | 29/58 | €135,458 | €186,146 | +€50,688 | +37.4% |
| Amounts receivable within one year | 40/41 | €36,672 | €41,836 | +€5,164 | +14.1% |
| Trade receivables | 40 | €22,624 | €17,030 | -€5,594 | -24.7% |
| Other amounts receivable | 41 | €14,048 | €24,806 | +€10,758 | +76.6% |
| Cash at bank and in hand | 54/58 | €94,170 | €139,202 | +€45,032 | +47.8% |
| Deferred charges and accrued income | 490/1 | €4,616 | €5,107 | +€492 | +10.7% |
| Total equity and liabilities | 10/49 | €162,138 | €205,294 | +€43,156 | +26.6% |
| Equity | 10/15 | €132,601 | €86,325 | -€46,276 | -34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,001 | €67,725 | -€46,276 | -40.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €112,141 | €65,865 | -€46,276 | -41.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,537 | €118,969 | +€89,432 | +303% |
| Amounts payable after more than one year | 17 | €8,948 | €5,820 | -€3,128 | -35.0% |
| Financial debts | 170/4 | €8,948 | €5,820 | -€3,128 | -35.0% |
| Amounts payable within one year | 42/48 | €20,589 | €112,861 | +€92,272 | +448% |
| Current portion of amounts payable after more than one year | 42 | €2,993 | €3,128 | +€136 | +4.5% |
| Trade debts | 44 | €11,937 | €15,379 | +€3,442 | +28.8% |
| Suppliers | 440/4 | €11,937 | €15,379 | +€3,442 | +28.8% |
| Taxes, remuneration and social security | 45 | €4,739 | €9,226 | +€4,487 | +94.7% |
| Taxes | 450/3 | €4,739 | €9,226 | +€4,487 | +94.7% |
| Other amounts payable | 47/48 | €920 | €85,128 | +€84,208 | +9,150% |
| Accrued charges and deferred income | 492/3 | - | €289 | +€289 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,425 | €8,716 | -€709 | -7.5% |
| Other operating charges | 640/8 | €1,325 | €1,352 | +€27 | +2.1% |
| Gross operating margin | 9900 | €130,929 | €80,616 | -€50,313 | -38.4% |
| Operating profit (loss) | 9901 | €120,179 | €70,547 | -€49,632 | -41.3% |
| Financial income | 75/76B | €372 | €530 | +€158 | +42.5% |
| Recurring financial income | 75 | €372 | €530 | +€158 | +42.5% |
| Financial charges | 65/66B | €1,683 | €2,457 | +€775 | +46.0% |
| Recurring financial charges | 65 | €1,683 | €2,457 | +€775 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €118,869 | €68,620 | -€50,249 | -42.3% |
| Income taxes | 67/77 | €31,784 | €14,896 | -€16,888 | -53.1% |
| Profit (loss) for the period | 9904 | €87,085 | €53,724 | -€33,361 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,085 | €53,724 | -€33,361 | -38.3% |
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 27 October 2026 via checked.be.