Hi Felix,
The cells in the 'Valuation Type' column are not actually empty but they are blank (i.e. empty strings).
If you look at the output of the Excel File node they are reported as blanks in the statistics info. Depending on your screen resolution you may need to scroll down in the dialog or zoom out to see all the stats.

The default setting for the Data Profiler node is to consider empty strings as Null values:

If you also look at the Excel Node output and examine the values in the 'Special Stock' field you will see that the fourth record is being reported as being Null.
Save the Excel File in Excel with a new file name and (after unhiding the 'Valuation Type' property) select all ten cells. Then use Right-click -> Clear contents and save the file. When this file is then imported into Analyze the values are reported as Null:

Returning to the 'Special Stock' field, if you add a filter node and then specify a condition in the Advanced tab of the Filter Criteria to match an empty string the records with the empty string values are output and the record with the Null value is not output.
