D'ELFINO: 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.
D'ELFINO
Largest movements
- Current investments -€33,379
down €33,379 (-20.0%), from €166,972 to €133,593
- Cash +€21,654
up €21,654 (+11088.6%), from €195 to €21,849
mainly Current investments (+€33,379) and Receivables within one year (+€912)
- Profit (loss) carried forward -€12,637
down €12,637 (-8.5%), from €149,132 to €136,495
- Financial income -€2,551
down €2,551 (-31.6%), from €8,084 to €5,534
- Financial charges -€1,579
down €1,579 (-93.3%), from €1,692 to €114
- Gross operating margin -€214
down €214 (-1.2%), from -€17,723 to -€17,937
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 | €169,592 | €156,955 | -€12,637 | -7.5% |
| Current assets | 29/58 | €169,592 | €156,955 | -€12,637 | -7.5% |
| Amounts receivable within one year | 40/41 | €2,425 | €1,513 | -€912 | -37.6% |
| Other amounts receivable | 41 | €2,425 | €1,513 | -€912 | -37.6% |
| Current investments | 50/53 | €166,972 | €133,593 | -€33,379 | -20.0% |
| Cash at bank and in hand | 54/58 | €195 | €21,849 | +€21,654 | +11088.6% |
| Total equity and liabilities | 10/49 | €169,592 | €156,955 | -€12,637 | -7.5% |
| Equity | 10/15 | €169,592 | €156,955 | -€12,637 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,132 | €136,495 | -€12,637 | -8.5% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€17,723 | -€17,937 | -€214 | -1.2% |
| Operating profit (loss) | 9901 | -€17,723 | -€18,057 | -€334 | -1.9% |
| Financial income | 75/76B | €8,084 | €5,534 | -€2,551 | -31.6% |
| Recurring financial income | 75 | €8,084 | €5,534 | -€2,551 | -31.6% |
| Financial charges | 65/66B | €1,692 | €114 | -€1,579 | -93.3% |
| Recurring financial charges | 65 | €1,692 | €114 | -€1,579 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,331 | -€12,637 | -€1,306 | -11.5% |
| Profit (loss) for the period | 9904 | -€11,331 | -€12,637 | -€1,306 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,331 | -€12,637 | -€1,306 | -11.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.