D'Elvènstroat: 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.
D'Elvènstroat
Largest movements
- Cash +€37,578
up €37,578 (+117%), from €32,077 to €69,656
mainly Net result for the year (+€18,945) and Depreciation (+€14,943)
- Tangible fixed assets -€11,192
down €11,192 (-7.8%), from €143,120 to €131,928
of which Land and buildings: -€10,972
- Receivables after one year +€7,093
up €7,093 (+2.8%), from €254,108 to €261,200
of which Trade receivables: +€261,200
- Reserves +€18,945
up €18,945 (+29.8%), from €63,668 to €82,613
of which Distributable reserves: +€17,908
- Accrued charges and deferred income +€7,920
up €7,920 (+10.7%), from €73,725 to €81,645
- Debts after one year +€6,755
up €6,755 (+3.5%), from €191,446 to €198,201
of which Other amounts payable: +€6,755
- Gross operating margin +€3,842
up €3,842 (+8.8%), from €43,862 to €47,703
- Financial charges -€3,376
down €3,376 (-26.0%), from €13,002 to €9,626
- Financial income -€3,301
down €3,301 (-27.0%), from €12,214 to €8,913
- Taxes +€2,038
up €2,038 (+30.5%), from €6,686 to €8,724
- Depreciation -€978
down €978 (-6.1%), from €15,921 to €14,943
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 | €430,938 | €464,024 | +€33,086 | +7.7% |
| Fixed assets | 21/28 | €143,120 | €131,928 | -€11,192 | -7.8% |
| Tangible fixed assets | 22/27 | €143,120 | €131,928 | -€11,192 | -7.8% |
| Land and buildings | 22 | €142,539 | €131,567 | -€10,972 | -7.7% |
| Plant, machinery and equipment | 23 | €581 | €361 | -€220 | -37.9% |
| Current assets | 29/58 | €287,818 | €332,096 | +€44,278 | +15.4% |
| Amounts receivable after more than one year | 29 | €254,108 | €261,200 | +€7,093 | +2.8% |
| Trade receivables | 290 | - | €261,200 | +€261,200 | |
| Other amounts receivable | 291 | €254,108 | - | -€254,108 | |
| Amounts receivable within one year | 40/41 | €1,151 | €752 | -€399 | -34.7% |
| Trade receivables | 40 | €1,151 | - | -€1,151 | |
| Other amounts receivable | 41 | - | €752 | +€752 | |
| Cash at bank and in hand | 54/58 | €32,077 | €69,656 | +€37,578 | +117% |
| Deferred charges and accrued income | 490/1 | €482 | €488 | +€6 | +1.2% |
| Total equity and liabilities | 10/49 | €430,938 | €464,024 | +€33,086 | +7.7% |
| Equity | 10/15 | €156,628 | €175,573 | +€18,945 | +12.1% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €63,668 | €82,613 | +€18,945 | +29.8% |
| Non-distributable reserves | 130/1 | €3,844 | €4,881 | +€1,037 | +27.0% |
| Legal reserve | 130 | €3,844 | €4,881 | +€1,037 | +27.0% |
| Distributable reserves | 133 | €59,824 | €77,732 | +€17,908 | +29.9% |
| Amounts payable | 17/49 | €274,311 | €288,451 | +€14,141 | +5.2% |
| Amounts payable after more than one year | 17 | €191,446 | €198,201 | +€6,755 | +3.5% |
| Financial debts | 170/4 | €182,564 | €182,564 | = | 0.0% |
| Other amounts payable | 178/9 | €8,882 | €15,637 | +€6,755 | +76.1% |
| Amounts payable within one year | 42/48 | €9,140 | €8,605 | -€534 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €2,996 | - | -€2,996 | |
| Trade debts | 44 | €790 | - | -€790 | |
| Suppliers | 440/4 | €790 | - | -€790 | |
| Taxes, remuneration and social security | 45 | €3,554 | €5,055 | +€1,502 | +42.3% |
| Taxes | 450/3 | €3,554 | €5,055 | +€1,502 | +42.3% |
| Other amounts payable | 47/48 | €1,800 | €3,550 | +€1,750 | +97.2% |
| Accrued charges and deferred income | 492/3 | €73,725 | €81,645 | +€7,920 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,921 | €14,943 | -€978 | -6.1% |
| Other operating charges | 640/8 | €4,253 | €4,378 | +€125 | +2.9% |
| Non-recurring operating charges | 66A | €1,655 | - | -€1,655 | |
| Gross operating margin | 9900 | €43,862 | €47,703 | +€3,842 | +8.8% |
| Operating profit (loss) | 9901 | €22,032 | €28,383 | +€6,351 | +28.8% |
| Financial income | 75/76B | €12,214 | €8,913 | -€3,301 | -27.0% |
| Recurring financial income | 75 | €12,214 | €8,913 | -€3,301 | -27.0% |
| Financial charges | 65/66B | €13,002 | €9,626 | -€3,376 | -26.0% |
| Recurring financial charges | 65 | €13,002 | €9,626 | -€3,376 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €21,243 | €27,669 | +€6,426 | +30.2% |
| Income taxes | 67/77 | €6,686 | €8,724 | +€2,038 | +30.5% |
| Profit (loss) for the period | 9904 | €14,557 | €18,945 | +€4,388 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,557 | €18,945 | +€4,388 | +30.1% |
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 18 October 2026 via checked.be.