XCELSEVEN: 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.
XCELSEVEN
Largest movements
- Cash -€19,202
down €19,202 (-34.3%), from €56,002 to €36,800
mainly Net result for the year (-€16,089) and Deferred charges and accrued income (-€4,346)
- Deferred charges and accrued income +€4,346
up €4,346 (+1,739%), from €250 to €4,596
- Receivables within one year -€2,432
down €2,432 (-17.8%), from €13,664 to €11,232
of which Trade receivables: -€8,219
- Receivables after one year -€1,090
down €1,090 (-44.4%), from €2,452 to €1,362
- Reserves -€10,000
down €10,000 (-23.9%), from €41,860 to €31,860
- Profit (loss) carried forward -€6,089
down €6,089 (-68.5%), from €8,883 to €2,794
- Tax, wage and social debts -€3,631
down €3,631 (-99.5%), from €3,650 to €19
- Trade debts +€1,136
up €1,136 (+223%), from €509 to €1,645
- Gross operating margin -€48,330
down €48,330, from €33,992 to -€14,338
- Taxes -€2,981
down €2,981 (-99.4%), from €3,000 to €19
- Depreciation +€1,026
up €1,026 (+489%), from €210 to €1,236
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 | €74,678 | €56,566 | -€18,111 | -24.3% |
| Fixed assets | 21/28 | €2,310 | €2,576 | +€266 | +11.5% |
| Tangible fixed assets | 22/27 | €2,310 | €2,576 | +€266 | +11.5% |
| Furniture and vehicles | 24 | €2,310 | €2,576 | +€266 | +11.5% |
| Current assets | 29/58 | €72,368 | €53,990 | -€18,377 | -25.4% |
| Amounts receivable after more than one year | 29 | €2,452 | €1,362 | -€1,090 | -44.4% |
| Trade receivables | 290 | €2,452 | €1,362 | -€1,090 | -44.4% |
| Amounts receivable within one year | 40/41 | €13,664 | €11,232 | -€2,432 | -17.8% |
| Trade receivables | 40 | €11,270 | €3,051 | -€8,219 | -72.9% |
| Other amounts receivable | 41 | €2,394 | €8,180 | +€5,787 | +242% |
| Cash at bank and in hand | 54/58 | €56,002 | €36,800 | -€19,202 | -34.3% |
| Deferred charges and accrued income | 490/1 | €250 | €4,596 | +€4,346 | +1,739% |
| Total equity and liabilities | 10/49 | €74,678 | €56,566 | -€18,111 | -24.3% |
| Equity | 10/15 | €69,343 | €53,254 | -€16,089 | -23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,860 | €31,860 | -€10,000 | -23.9% |
| Distributable reserves | 133 | €41,860 | €31,860 | -€10,000 | -23.9% |
| Profit (loss) carried forward | 14 | €8,883 | €2,794 | -€6,089 | -68.5% |
| Amounts payable | 17/49 | €5,335 | €3,312 | -€2,023 | -37.9% |
| Amounts payable within one year | 42/48 | €5,139 | €3,216 | -€1,923 | -37.4% |
| Trade debts | 44 | €509 | €1,645 | +€1,136 | +223% |
| Suppliers | 440/4 | €509 | €1,645 | +€1,136 | +223% |
| Taxes, remuneration and social security | 45 | €3,650 | €19 | -€3,631 | -99.5% |
| Taxes | 450/3 | €3,650 | €19 | -€3,631 | -99.5% |
| Other amounts payable | 47/48 | €980 | €1,552 | +€572 | +58.3% |
| Accrued charges and deferred income | 492/3 | €196 | €96 | -€100 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €1,236 | +€1,026 | +489% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €33,992 | -€14,338 | -€48,330 | |
| Operating profit (loss) | 9901 | €33,398 | -€15,961 | -€49,359 | |
| Financial income | 75/76B | €133 | €100 | -€33 | -25.1% |
| Recurring financial income | 75 | €133 | €100 | -€33 | -25.1% |
| Financial charges | 65/66B | €90 | €208 | +€118 | +130% |
| Recurring financial charges | 65 | €90 | €208 | +€118 | +130% |
| Profit (loss) for the period before taxes | 9903 | €33,441 | -€16,070 | -€49,511 | |
| Income taxes | 67/77 | €3,000 | €19 | -€2,981 | -99.4% |
| Profit (loss) for the period | 9904 | €30,441 | -€16,089 | -€46,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,441 | -€16,089 | -€46,530 |
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 14 October 2026 via checked.be.