B-ELEGANT: 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-ELEGANT
Largest movements
- Receivables within one year +€28,528
up €28,528 (+59.4%), from €48,009 to €76,537
of which Other amounts receivable: +€20,704
- Cash -€8,037
down €8,037 (-100.0%), from €8,039 to €2
mainly Receivables within one year (-€28,528) and Tax, wage and social debts (-€8,338)
- Tangible fixed assets -€1,780
down €1,780 (-20.6%), from €8,655 to €6,876
of which Plant, machinery and equipment: -€908
- Trade debts +€28,438
up €28,438 (+129%), from €22,010 to €50,448
- Tax, wage and social debts -€8,338
no longer reported in 2025 (was €8,338)
- Profit (loss) carried forward -€1,388
down €1,388 (-4.2%), from €33,354 to €31,966
- Gross operating margin -€74,973
down €74,973 (-89.6%), from €83,676 to €8,703
- Taxes -€5,567
down €5,567 (-66.8%), from €8,338 to €2,772
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.
Derived cash bridge
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 | €64,703 | €83,414 | +€18,711 | +28.9% |
| Fixed assets | 21/28 | €8,655 | €6,876 | -€1,780 | -20.6% |
| Tangible fixed assets | 22/27 | €8,655 | €6,876 | -€1,780 | -20.6% |
| Plant, machinery and equipment | 23 | €1,787 | €879 | -€908 | -50.8% |
| Furniture and vehicles | 24 | €6,868 | €5,996 | -€872 | -12.7% |
| Current assets | 29/58 | €56,047 | €76,538 | +€20,491 | +36.6% |
| Amounts receivable within one year | 40/41 | €48,009 | €76,537 | +€28,528 | +59.4% |
| Trade receivables | 40 | €42,669 | €50,492 | +€7,824 | +18.3% |
| Other amounts receivable | 41 | €5,340 | €26,045 | +€20,704 | +388% |
| Cash at bank and in hand | 54/58 | €8,039 | €2 | -€8,037 | -100.0% |
| Total equity and liabilities | 10/49 | €64,703 | €83,414 | +€18,711 | +28.9% |
| Equity | 10/15 | €34,354 | €32,966 | -€1,388 | -4.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,354 | €31,966 | -€1,388 | -4.2% |
| Amounts payable | 17/49 | €30,349 | €50,448 | +€20,099 | +66.2% |
| Amounts payable within one year | 42/48 | €30,349 | €50,448 | +€20,099 | +66.2% |
| Trade debts | 44 | €22,010 | €50,448 | +€28,438 | +129% |
| Suppliers | 440/4 | €22,010 | €50,448 | +€28,438 | +129% |
| Taxes, remuneration and social security | 45 | €8,338 | - | -€8,338 | |
| Taxes | 450/3 | €8,338 | - | -€8,338 | |
| Remuneration, social security and pensions | 62 | €449 | - | -€449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,102 | €6,325 | -€777 | -10.9% |
| Other operating charges | 640/8 | €1,256 | €565 | -€691 | -55.0% |
| Non-recurring operating charges | 66A | €32,867 | - | -€32,867 | |
| Gross operating margin | 9900 | €83,676 | €8,703 | -€74,973 | -89.6% |
| Operating profit (loss) | 9901 | €42,002 | €1,813 | -€40,189 | -95.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €310 | €429 | +€120 | +38.6% |
| Recurring financial charges | 65 | €310 | €429 | +€120 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €41,692 | €1,384 | -€40,309 | -96.7% |
| Income taxes | 67/77 | €8,338 | €2,772 | -€5,567 | -66.8% |
| Profit (loss) for the period | 9904 | €33,354 | -€1,388 | -€34,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,354 | -€1,388 | -€34,742 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.