I have a binary excel file that does run a macro on the “worksheet open” event copying a range of cells for a few thousend times and eliminating those rows at the “before worksheet save” event (in order to keep the saved file small). When I compiled this file without the XLSPAD generated password this file has a sixe of 7,5 MB. However when using the XLSPAD generated password the compilation of the file takes a lot more time and the file size goes up to 42,5 MB. Any ideas what is going on ?