Belgian Elite: 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.
Belgian Elite
Largest movements
- Cash +€36,978
up €36,978 (+93,924%), from €39 to €37,017
mainly Trade debts (+€31,890) and Net result for the year (+€14,552)
- Receivables within one year +€14,147
up €14,147 (+371%), from €3,817 to €17,964
of which Other amounts receivable: +€12,592
- Stocks and contracts -€12,000
no longer reported in 2025 (was €12,000)
- Trade debts +€31,890
up €31,890 (+1,514%), from €2,107 to €33,997
- Profit (loss) carried forward +€14,552
up €14,552 (+368%), from €3,953 to €18,505
- Other debts -€6,433
down €6,433 (-97.1%), from €6,628 to €195
- Tax, wage and social debts -€884
down €884 (-75.6%), from €1,168 to €285
of which Taxes: -€1,015
- Gross operating margin +€16,939
up €16,939 (+906%), from €1,869 to €18,808
- Taxes +€3,693
up €3,693 (+1,537%), from €240 to €3,933
- Financial income -€276
down €276 (-69.8%), from €396 to €119
- Financial charges -€275
down €275 (-46.5%), from €592 to €317
- Other operating charges -€227
down €227 (-64.3%), from €353 to €126
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 | €15,856 | €54,981 | +€39,125 | +247% |
| Current assets | 29/58 | €15,856 | €54,981 | +€39,125 | +247% |
| Stocks and contracts in progress | 3 | €12,000 | - | -€12,000 | |
| Stocks | 30/36 | €12,000 | - | -€12,000 | |
| Amounts receivable within one year | 40/41 | €3,817 | €17,964 | +€14,147 | +371% |
| Trade receivables | 40 | - | €1,555 | +€1,555 | |
| Other amounts receivable | 41 | €3,817 | €16,409 | +€12,592 | +330% |
| Cash at bank and in hand | 54/58 | €39 | €37,017 | +€36,978 | +93,924% |
| Total equity and liabilities | 10/49 | €15,856 | €54,981 | +€39,125 | +247% |
| Equity | 10/15 | €5,953 | €20,505 | +€14,552 | +244% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,953 | €18,505 | +€14,552 | +368% |
| Amounts payable | 17/49 | €9,903 | €34,476 | +€24,573 | +248% |
| Amounts payable within one year | 42/48 | €9,903 | €34,476 | +€24,573 | +248% |
| Trade debts | 44 | €2,107 | €33,997 | +€31,890 | +1,514% |
| Suppliers | 440/4 | €2,107 | €33,997 | +€31,890 | +1,514% |
| Taxes, remuneration and social security | 45 | €1,168 | €285 | -€884 | -75.6% |
| Taxes | 450/3 | €1,168 | €153 | -€1,015 | -86.9% |
| Remuneration and social security | 454/9 | - | €132 | +€132 | |
| Other amounts payable | 47/48 | €6,628 | €195 | -€6,433 | -97.1% |
| Other operating charges | 640/8 | €353 | €126 | -€227 | -64.3% |
| Non-recurring operating charges | 66A | €424 | - | -€424 | |
| Gross operating margin | 9900 | €1,869 | €18,808 | +€16,939 | +906% |
| Operating profit (loss) | 9901 | €1,093 | €18,682 | +€17,589 | +1,609% |
| Financial income | 75/76B | €396 | €119 | -€276 | -69.8% |
| Recurring financial income | 75 | €396 | €119 | -€276 | -69.8% |
| Financial charges | 65/66B | €592 | €317 | -€275 | -46.5% |
| Recurring financial charges | 65 | €592 | €317 | -€275 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €897 | €18,485 | +€17,588 | +1,962% |
| Income taxes | 67/77 | €240 | €3,933 | +€3,693 | +1,537% |
| Profit (loss) for the period | 9904 | €656 | €14,552 | +€13,895 | +2,117% |
| Profit (loss) for the period to be appropriated | 9905 | €656 | €14,552 | +€13,895 | +2,117% |
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 13 October 2026 via checked.be.