B-Elek: 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-Elek
Largest movements
- Cash +€39,555
up €39,555 (+90.9%), from €43,529 to €83,084
mainly Net result for the year (+€28,562) and Receivables within one year (+€27,741)
- Receivables within one year -€27,741
down €27,741 (-73.7%), from €37,662 to €9,921
of which Trade receivables: -€17,395
- Tangible fixed assets -€9,319
down €9,319 (-49.2%), from €18,931 to €9,612
of which Furniture and vehicles: -€6,320
- Stocks and contracts +€1,483
new in 2025: €1,483
- Reserves +€28,562
up €28,562 (+68.1%), from €41,963 to €70,524
- Other debts -€19,419
down €19,419 (-100.0%), from €19,419 to €0
- Trade debts -€3,385
down €3,385 (-24.8%), from €13,667 to €10,282
- Advances received -€1,282
down €1,282 (-100.0%), from €1,282 to €0
- Gross operating margin -€45,976
down €45,976 (-50.3%), from €91,455 to €45,478
- Taxes -€13,110
down €13,110 (-63.1%), from €20,788 to €7,678
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 | €102,234 | €106,595 | +€4,360 | +4.3% |
| Fixed assets | 21/28 | €18,931 | €9,612 | -€9,319 | -49.2% |
| Tangible fixed assets | 22/27 | €18,931 | €9,612 | -€9,319 | -49.2% |
| Plant, machinery and equipment | 23 | €6,437 | €3,438 | -€2,999 | -46.6% |
| Furniture and vehicles | 24 | €12,494 | €6,174 | -€6,320 | -50.6% |
| Current assets | 29/58 | €83,303 | €96,982 | +€13,679 | +16.4% |
| Stocks and contracts in progress | 3 | - | €1,483 | +€1,483 | |
| Stocks | 30/36 | - | €1,483 | +€1,483 | |
| Amounts receivable within one year | 40/41 | €37,662 | €9,921 | -€27,741 | -73.7% |
| Trade receivables | 40 | €20,926 | €3,531 | -€17,395 | -83.1% |
| Other amounts receivable | 41 | €16,736 | €6,390 | -€10,346 | -61.8% |
| Cash at bank and in hand | 54/58 | €43,529 | €83,084 | +€39,555 | +90.9% |
| Deferred charges and accrued income | 490/1 | €2,113 | €2,494 | +€382 | +18.1% |
| Total equity and liabilities | 10/49 | €102,234 | €106,595 | +€4,360 | +4.3% |
| Equity | 10/15 | €46,963 | €75,524 | +€28,562 | +60.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,963 | €70,524 | +€28,562 | +68.1% |
| Distributable reserves | 133 | €41,963 | €70,524 | +€28,562 | +68.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,272 | €31,070 | -€24,202 | -43.8% |
| Amounts payable within one year | 42/48 | €55,272 | €31,070 | -€24,202 | -43.8% |
| Trade debts | 44 | €13,667 | €10,282 | -€3,385 | -24.8% |
| Suppliers | 440/4 | €13,667 | €10,282 | -€3,385 | -24.8% |
| Advances received on contracts in progress | 46 | €1,282 | €0 | -€1,282 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,903 | €20,788 | -€115 | -0.6% |
| Taxes | 450/3 | €20,903 | €20,788 | -€115 | -0.6% |
| Other amounts payable | 47/48 | €19,419 | €0 | -€19,419 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,153 | €9,319 | -€834 | -8.2% |
| Other operating charges | 640/8 | €1,049 | €932 | -€117 | -11.1% |
| Gross operating margin | 9900 | €91,455 | €45,478 | -€45,976 | -50.3% |
| Operating profit (loss) | 9901 | €80,253 | €35,228 | -€45,026 | -56.1% |
| Financial income | 75/76B | €2,016 | €1,185 | -€831 | -41.2% |
| Recurring financial income | 75 | €2,016 | €1,185 | -€831 | -41.2% |
| Financial charges | 65/66B | €100 | €172 | +€72 | +72.5% |
| Recurring financial charges | 65 | €100 | €172 | +€72 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €82,170 | €36,240 | -€45,929 | -55.9% |
| Income taxes | 67/77 | €20,788 | €7,678 | -€13,110 | -63.1% |
| Profit (loss) for the period | 9904 | €61,382 | €28,562 | -€32,820 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,382 | €28,562 | -€32,820 | -53.5% |
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 11 October 2026 via checked.be.