Excel calls itself organic carbon. Both Excel and Easycarbo are a liquid source of carbon. People sometimes call them 'liquid CO2' because they serve as an alternative for adding pressurized CO2 gas, but it's a misnomer as neither actually contains carbon dioxide.
Carbon is the nutrient that plants need to grow. After all, they're carbon-based life forms, like pretty much everything on Earth. They prefer to obtain carbon from CO2 gas and can do so very efficiently, whether they be emersed plants breathing air or submersed plants using CO2 gas dissolved in the water.
Excel & EasyCarbo contain a chemical compound called glutaraldehyde which plants can process into carbon, though not as efficiently as they can with CO2.
Plants use a different internal mechanism to process liquid carbon rather than CO2. A plant will tend to optimise its chemical processes according to whatever sources are available and this is why a plant will usually take a couple of weeks to adapt when being put underwater after growing in an emersed (air) environment, or when liquid carbon is suddenly available. It costs the plant energy to alter its internal processes in response to environmental changes. This is another reason why I don't recommend swapping between Excel and EasyCarbo unnecessarily. Your plants are currently optimised for Excel and although EasyCarbo is very similar I'd stick to what they're used to.