Taxcellence: 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.
Taxcellence
Largest movements
- Receivables within one year -€156,520
down €156,520 (-82.5%), from €189,642 to €33,122
of which Other amounts receivable: -€157,879
- Tangible fixed assets -€21,229
down €21,229 (-24.4%), from €86,874 to €65,644
- Current investments -€15,845
down €15,845 (-26.4%), from €60,006 to €44,161
- Profit (loss) carried forward -€200,250
down €200,250 (-69.3%), from €288,821 to €88,570
- Other debts +€22,906
new in 2025: €22,906
- Current portion of long-term debt -€17,177
down €17,177 (-23.1%), from €74,398 to €57,222
- Taxes -€11,802
down €11,802 (-61.7%), from €19,130 to €7,328
- Gross operating margin +€10,214
up €10,214 (+9.3%), from €109,474 to €119,688
- Financial income -€5,342
down €5,342 (-81.3%), from €6,568 to €1,226
- Other operating charges -€4,718
down €4,718 (-79.3%), from €5,949 to €1,230
- Depreciation +€2,041
up €2,041 (+10.6%), from €19,188 to €21,229
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 | €373,779 | €182,934 | -€190,845 | -51.1% |
| Fixed assets | 21/28 | €86,874 | €65,644 | -€21,229 | -24.4% |
| Tangible fixed assets | 22/27 | €86,874 | €65,644 | -€21,229 | -24.4% |
| Furniture and vehicles | 24 | €86,874 | €65,644 | -€21,229 | -24.4% |
| Current assets | 29/58 | €286,905 | €117,289 | -€169,616 | -59.1% |
| Amounts receivable within one year | 40/41 | €189,642 | €33,122 | -€156,520 | -82.5% |
| Trade receivables | 40 | €23,963 | €25,322 | +€1,360 | +5.7% |
| Other amounts receivable | 41 | €165,679 | €7,800 | -€157,879 | -95.3% |
| Current investments | 50/53 | €60,006 | €44,161 | -€15,845 | -26.4% |
| Cash at bank and in hand | 54/58 | €37,258 | €38,826 | +€1,568 | +4.2% |
| Deferred charges and accrued income | 490/1 | - | €1,180 | +€1,180 | |
| Total equity and liabilities | 10/49 | €373,779 | €182,934 | -€190,845 | -51.1% |
| Equity | 10/15 | €290,821 | €90,570 | -€200,250 | -68.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €288,821 | €88,570 | -€200,250 | -69.3% |
| Amounts payable | 17/49 | €82,958 | €92,363 | +€9,405 | +11.3% |
| Amounts payable within one year | 42/48 | €82,958 | €92,363 | +€9,405 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €74,398 | €57,222 | -€17,177 | -23.1% |
| Trade debts | 44 | €66 | €473 | +€407 | +615% |
| Suppliers | 440/4 | €66 | €473 | +€407 | +615% |
| Taxes, remuneration and social security | 45 | €8,494 | €11,762 | +€3,269 | +38.5% |
| Taxes | 450/3 | €8,494 | €11,762 | +€3,269 | +38.5% |
| Other amounts payable | 47/48 | - | €22,906 | +€22,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,188 | €21,229 | +€2,041 | +10.6% |
| Other operating charges | 640/8 | €5,949 | €1,230 | -€4,718 | -79.3% |
| Gross operating margin | 9900 | €109,474 | €119,688 | +€10,214 | +9.3% |
| Operating profit (loss) | 9901 | €84,337 | €97,228 | +€12,891 | +15.3% |
| Financial income | 75/76B | €6,568 | €1,226 | -€5,342 | -81.3% |
| Recurring financial income | 75 | €6,568 | €1,226 | -€5,342 | -81.3% |
| Financial charges | 65/66B | €3,245 | €2,556 | -€689 | -21.2% |
| Recurring financial charges | 65 | €3,245 | €2,556 | -€689 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €87,661 | €95,899 | +€8,238 | +9.4% |
| Income taxes | 67/77 | €19,130 | €7,328 | -€11,802 | -61.7% |
| Profit (loss) for the period | 9904 | €68,531 | €88,570 | +€20,040 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,531 | €88,570 | +€20,040 | +29.2% |
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 14 October 2026 via checked.be.