XCELLYS: 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.
XCELLYS
Largest movements
- Receivables within one year -€25,698
down €25,698 (-45.1%), from €56,988 to €31,290
of which Trade receivables: -€36,361
- Tangible fixed assets -€14,475
down €14,475 (-24.1%), from €59,962 to €45,487
of which Furniture and vehicles: -€13,584
- Cash +€6,703
up €6,703 (+43.7%), from €15,334 to €22,036
mainly Net result for the year (+€35,569) and Receivables within one year (+€25,698)
- Deferred charges and accrued income -€2,437
down €2,437 (-38.0%), from €6,409 to €3,972
- Advances received -€20,000
no longer reported in 2025 (was €20,000)
- Debts after one year -€14,006
no longer reported in 2025 (was €14,006)
- Trade debts -€4,568
down €4,568 (-84.6%), from €5,403 to €835
- Tax, wage and social debts +€1,949
up €1,949 (+22.0%), from €8,865 to €10,815
- Financial charges -€36,827
down €36,827 (-96.5%), from €38,156 to €1,329
- Gross operating margin -€9,962
down €9,962 (-13.1%), from €76,147 to €66,185
- Taxes +€5,219
up €5,219 (+113.0%), from €4,618 to €9,837
- Depreciation +€1,088
up €1,088 (+6.7%), from €16,276 to €17,364
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,693 | €102,786 | -€35,907 | -25.9% |
| Fixed assets | 21/28 | €59,962 | €45,487 | -€14,475 | -24.1% |
| Tangible fixed assets | 22/27 | €59,962 | €45,487 | -€14,475 | -24.1% |
| Plant, machinery and equipment | 23 | €12,816 | €11,207 | -€1,608 | -12.6% |
| Furniture and vehicles | 24 | €42,002 | €28,418 | -€13,584 | -32.3% |
| Other tangible fixed assets | 26 | €5,144 | €5,862 | +€718 | +14.0% |
| Current assets | 29/58 | €78,731 | €57,298 | -€21,432 | -27.2% |
| Amounts receivable within one year | 40/41 | €56,988 | €31,290 | -€25,698 | -45.1% |
| Trade receivables | 40 | €56,988 | €20,627 | -€36,361 | -63.8% |
| Other amounts receivable | 41 | - | €10,663 | +€10,663 | |
| Cash at bank and in hand | 54/58 | €15,334 | €22,036 | +€6,703 | +43.7% |
| Deferred charges and accrued income | 490/1 | €6,409 | €3,972 | -€2,437 | -38.0% |
| Total equity and liabilities | 10/49 | €138,693 | €102,786 | -€35,907 | -25.9% |
| Equity | 10/15 | €3,000 | €3,009 | +€9 | +0.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9 | +€9 | |
| Amounts payable | 17/49 | €135,693 | €99,776 | -€35,916 | -26.5% |
| Amounts payable after more than one year | 17 | €14,006 | - | -€14,006 | |
| Financial debts | 170/4 | €14,006 | - | -€14,006 | |
| Amounts payable within one year | 42/48 | €121,687 | €99,191 | -€22,495 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €14,681 | €14,006 | -€675 | -4.6% |
| Trade debts | 44 | €5,403 | €835 | -€4,568 | -84.6% |
| Suppliers | 440/4 | €5,403 | €835 | -€4,568 | -84.6% |
| Advances received on contracts in progress | 46 | €20,000 | - | -€20,000 | |
| Taxes, remuneration and social security | 45 | €8,865 | €10,815 | +€1,949 | +22.0% |
| Taxes | 450/3 | €8,865 | €10,815 | +€1,949 | +22.0% |
| Other amounts payable | 47/48 | €72,738 | €73,536 | +€798 | +1.1% |
| Accrued charges and deferred income | 492/3 | - | €585 | +€585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,276 | €17,364 | +€1,088 | +6.7% |
| Other operating charges | 640/8 | €1,870 | €2,051 | +€181 | +9.7% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €76,147 | €66,185 | -€9,962 | -13.1% |
| Operating profit (loss) | 9901 | €58,001 | €46,718 | -€11,283 | -19.5% |
| Financial income | 75/76B | €1 | €18 | +€17 | +2736.5% |
| Recurring financial income | 75 | €1 | €18 | +€17 | +2736.5% |
| Financial charges | 65/66B | €38,156 | €1,329 | -€36,827 | -96.5% |
| Recurring financial charges | 65 | €38,156 | €1,329 | -€36,827 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €19,845 | €45,406 | +€25,562 | +128.8% |
| Income taxes | 67/77 | €4,618 | €9,837 | +€5,219 | +113.0% |
| Profit (loss) for the period | 9904 | €15,226 | €35,569 | +€20,343 | +133.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,226 | €35,569 | +€20,343 | +133.6% |
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 11 October 2026 via checked.be.