B.ELS: what changed
Two fiscal 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.ELS
Largest movements
- Receivables within one year -€17,309
down €17,309 (-78.6%), from €22,020 to €4,712
- Tangible fixed assets -€10,470
down €10,470 (-67.4%), from €15,537 to €5,066
- Cash +€6,608
up €6,608 (+25.3%), from €26,145 to €32,753
mainly Receivables within one year (+€17,309) and Depreciation (+€11,156)
- Debts -€15,952
down €15,952 (-44.2%), from €36,108 to €20,155
- Profit (loss) carried forward -€5,218
new in 2011: -€5,218
- Gross operating margin -€6,481
down €6,481 (-68.9%), from €9,410 to €2,929
- Taxes -€474
down €474 (-20.9%), from €2,270 to €1,796
From the 2010 result to the 2011 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 2010 and 2011 balance sheets and the 2011 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,702 | €43,531 | -€21,170 | -32.7% |
| Fixed assets | 21/28 | €16,537 | €6,066 | -€10,470 | -63.3% |
| Tangible fixed assets | 22/27 | €15,537 | €5,066 | -€10,470 | -67.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €48,165 | €37,465 | -€10,700 | -22.2% |
| Amounts receivable within one year | 40/41 | €22,020 | €4,712 | -€17,309 | -78.6% |
| Cash at bank and in hand | 54/58 | €26,145 | €32,753 | +€6,608 | +25.3% |
| Total equity and liabilities | 10/49 | €64,702 | €43,531 | -€21,170 | -32.7% |
| Equity | 10/15 | €14,594 | €9,376 | -€5,218 | -35.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,194 | €2,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,218 | -€5,218 | |
| Provisions and deferred taxes | 16 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable | 17/49 | €36,108 | €20,155 | -€15,952 | -44.2% |
| Amounts payable after more than one year | 17 | €3,950 | - | -€3,950 | |
| Amounts payable within one year | 42/48 | €20,157 | €14,155 | -€6,002 | -29.8% |
| Trade debts | 44 | €4,483 | €2,967 | -€1,516 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,220 | €11,156 | -€64 | -0.6% |
| Gross operating margin | 9900 | €9,410 | €2,929 | -€6,481 | -68.9% |
| Operating profit (loss) | 9901 | -€2,225 | -€8,978 | -€6,754 | -303.6% |
| Recurring financial income | 75 | €464 | €170 | -€294 | -63.4% |
| Recurring financial charges | 65 | €1,106 | €613 | -€493 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €5,165 | -€3,422 | -€8,587 | |
| Income taxes | 67/77 | €2,270 | €1,796 | -€474 | -20.9% |
| Profit (loss) for the period | 9904 | €2,895 | -€5,218 | -€8,113 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,895 | -€5,218 | -€8,113 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2010 and 30 June 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.