It looks like what is happening is the VI was built on a machine that has a different version of Excel than you have.
When you make a change, it updates all the ActiveX calls and that is when and why it is breaking.
If you look at the diagram after it's broken, you'll see several of the ActiveX Invoke Nodes are greyed out. This is what is causing the broken arrow. If you right click on the node and select 'Relink Invoke Node', it will update the ActiveX link to your version of Excel.
There still may be some problems after you take care of the Invoke Nodes. Some of the properties may have changed from version to version and you may need to select a new property for a node if you end up with some broken wires.
Good Luck
Ed

Ed Dickens - Certified LabVIEW Architect
Lockheed Martin Space
Using the Abort button to stop your VI is like using a tree to stop your car. It works, but there may be consequences.