B.ELEGANCE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
B.ELEGANCE
Largest movements
- Receivables within one year -€7,140
down €7,140 (-27.5%), from €25,976 to €18,835
of which Trade receivables: -€6,712
- Stocks and contracts -€6,500
down €6,500 (-5.7%), from €113,567 to €107,067
- Tangible fixed assets -€1,921
down €1,921 (-39.0%), from €4,926 to €3,005
of which Furniture and vehicles: -€1,399
- Profit (loss) carried forward -€14,405
down €14,405 (-38.8%), from €37,134 to €22,729
- Trade debts +€3,805
up €3,805 (+78.0%), from €4,877 to €8,682
- Tax, wage and social debts -€2,504
down €2,504 (-71.1%), from €3,521 to €1,017
- Other debts -€1,665
down €1,665 (-3.5%), from €47,295 to €45,630
- Gross operating margin -€15,804
down €15,804, from €4,832 to -€10,972
- Depreciation -€2,893
down €2,893 (-60.1%), from €4,814 to €1,921
- Taxes +€1,004
up €1,004, from -€715 to €289
- Other operating charges +€424
up €424 (+58.2%), from €727 to €1,151
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,125 | €131,356 | -€14,769 | -10.1% |
| Fixed assets | 21/28 | €4,926 | €3,005 | -€1,921 | -39.0% |
| Tangible fixed assets | 22/27 | €4,926 | €3,005 | -€1,921 | -39.0% |
| Plant, machinery and equipment | 23 | €376 | €4 | -€372 | -99.0% |
| Furniture and vehicles | 24 | €3,240 | €1,840 | -€1,399 | -43.2% |
| Other tangible fixed assets | 26 | €1,311 | €1,161 | -€150 | -11.4% |
| Current assets | 29/58 | €141,199 | €128,351 | -€12,848 | -9.1% |
| Stocks and contracts in progress | 3 | €113,567 | €107,067 | -€6,500 | -5.7% |
| Stocks | 30/36 | €113,567 | €107,067 | -€6,500 | -5.7% |
| Amounts receivable within one year | 40/41 | €25,976 | €18,835 | -€7,140 | -27.5% |
| Trade receivables | 40 | €23,098 | €16,386 | -€6,712 | -29.1% |
| Other amounts receivable | 41 | €2,878 | €2,450 | -€428 | -14.9% |
| Cash at bank and in hand | 54/58 | €1,430 | €2,249 | +€819 | +57.2% |
| Deferred charges and accrued income | 490/1 | €226 | €200 | -€26 | -11.5% |
| Total equity and liabilities | 10/49 | €146,125 | €131,356 | -€14,769 | -10.1% |
| Equity | 10/15 | €90,433 | €76,027 | -€14,405 | -15.9% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €16,099 | €16,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €12,379 | €12,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,134 | €22,729 | -€14,405 | -38.8% |
| Amounts payable | 17/49 | €55,693 | €55,329 | -€363 | -0.7% |
| Amounts payable within one year | 42/48 | €55,693 | €55,329 | -€363 | -0.7% |
| Trade debts | 44 | €4,877 | €8,682 | +€3,805 | +78.0% |
| Suppliers | 440/4 | €4,877 | €8,682 | +€3,805 | +78.0% |
| Taxes, remuneration and social security | 45 | €3,521 | €1,017 | -€2,504 | -71.1% |
| Taxes | 450/3 | €3,521 | €1,017 | -€2,504 | -71.1% |
| Other amounts payable | 47/48 | €47,295 | €45,630 | -€1,665 | -3.5% |
| Non-recurring operating income | 76A | €9,050 | €0 | -€9,050 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,814 | €1,921 | -€2,893 | -60.1% |
| Other operating charges | 640/8 | €727 | €1,151 | +€424 | +58.2% |
| Non-recurring operating charges | 66A | €1,574 | €0 | -€1,574 | -100.0% |
| Gross operating margin | 9900 | €4,832 | -€10,972 | -€15,804 | |
| Operating profit (loss) | 9901 | -€2,284 | -€14,044 | -€11,761 | -515.0% |
| Financial income | 75/76B | €45 | €84 | +€39 | +87.2% |
| Recurring financial income | 75 | €45 | €84 | +€39 | +87.2% |
| Financial charges | 65/66B | €235 | €156 | -€80 | -33.8% |
| Recurring financial charges | 65 | €235 | €156 | -€80 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,474 | -€14,116 | -€11,642 | -470.5% |
| Income taxes | 67/77 | -€715 | €289 | +€1,004 | |
| Profit (loss) for the period | 9904 | -€1,759 | -€14,405 | -€12,646 | -718.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,759 | -€14,405 | -€12,646 | -718.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.