Hi, yes, it is possible, you need to publish the data to the Web Service in NAV, then get it in Excel via VB, use Power Query to organize the data, and finally display it as a report.
I'm not an expert in Excel, I've seen an example before, but it seems very complicated and not very efficient, and I personally don't recommend it very much. (Sorry I can't give you the full file.)
I still recommend using RDLC to create reports.

Hope this helps.
Thanks.
ZHU