De Elze: 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.
De Elze
Largest movements
- Cash -€22,506
down €22,506 (-92.1%), from €24,426 to €1,920
mainly Other debts (-€63,434) and Net result for the year (-€29,970)
- Tangible fixed assets -€14,173
down €14,173 (-4.7%), from €300,996 to €286,823
of which Land and buildings: -€11,405
- Other debts -€63,434
down €63,434 (-93.9%), from €67,581 to €4,148
- Profit (loss) carried forward -€29,970
down €29,970 (-83.1%), from -€36,082 to -€66,051
- Debts after one year +€28,288
up €28,288 (+12.0%), from €234,824 to €263,112
of which Other amounts payable: +€41,500
- Trade debts +€21,595
up €21,595 (+148%), from €14,572 to €36,167
- Short-term financial debts +€3,757
up €3,757 (+27.9%), from €13,487 to €17,244
of which Credit institutions: +€3,757
- Gross operating margin -€12,860
down €12,860 (-9.1%), from €141,220 to €128,360
- Other operating charges +€11,650
up €11,650 (+3,008%), from €387 to €12,037
- Depreciation -€4,305
down €4,305 (-22.0%), from €19,557 to €15,252
- Financial charges +€3,427
up €3,427 (+105%), from €3,263 to €6,690
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 | €350,222 | €310,949 | -€39,273 | -11.2% |
| Fixed assets | 21/28 | €300,996 | €286,823 | -€14,173 | -4.7% |
| Tangible fixed assets | 22/27 | €300,996 | €286,823 | -€14,173 | -4.7% |
| Land and buildings | 22 | €281,801 | €270,396 | -€11,405 | -4.0% |
| Plant, machinery and equipment | 23 | €18,624 | €16,230 | -€2,394 | -12.9% |
| Furniture and vehicles | 24 | €571 | €197 | -€374 | -65.5% |
| Current assets | 29/58 | €49,226 | €24,126 | -€25,100 | -51.0% |
| Stocks and contracts in progress | 3 | €14,883 | €15,187 | +€304 | +2.0% |
| Stocks | 30/36 | €14,883 | €15,187 | +€304 | +2.0% |
| Amounts receivable within one year | 40/41 | €6,714 | €5,757 | -€957 | -14.2% |
| Trade receivables | 40 | €4,387 | €5,746 | +€1,359 | +31.0% |
| Other amounts receivable | 41 | €2,327 | €12 | -€2,315 | -99.5% |
| Cash at bank and in hand | 54/58 | €24,426 | €1,920 | -€22,506 | -92.1% |
| Deferred charges and accrued income | 490/1 | €3,203 | €1,262 | -€1,941 | -60.6% |
| Total equity and liabilities | 10/49 | €350,222 | €310,949 | -€39,273 | -11.2% |
| Equity | 10/15 | -€17,582 | -€47,551 | -€29,970 | -170% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,082 | -€66,051 | -€29,970 | -83.1% |
| Amounts payable | 17/49 | €367,804 | €358,500 | -€9,304 | -2.5% |
| Amounts payable after more than one year | 17 | €234,824 | €263,112 | +€28,288 | +12.0% |
| Financial debts | 170/4 | €15,158 | €1,946 | -€13,212 | -87.2% |
| Other amounts payable | 178/9 | €219,666 | €261,166 | +€41,500 | +18.9% |
| Amounts payable within one year | 42/48 | €132,980 | €94,989 | -€37,991 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €19,638 | €22,115 | +€2,477 | +12.6% |
| Financial debts | 43 | €13,487 | €17,244 | +€3,757 | +27.9% |
| Credit institutions | 430/8 | €8,487 | €12,244 | +€3,757 | +44.3% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €14,572 | €36,167 | +€21,595 | +148% |
| Suppliers | 440/4 | €14,572 | €36,167 | +€21,595 | +148% |
| Taxes, remuneration and social security | 45 | €17,702 | €15,316 | -€2,386 | -13.5% |
| Taxes | 450/3 | €6,458 | €4,223 | -€2,235 | -34.6% |
| Remuneration and social security | 454/9 | €11,244 | €11,092 | -€152 | -1.3% |
| Other amounts payable | 47/48 | €67,581 | €4,148 | -€63,434 | -93.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €1,246 | +€1,246 | |
| Remuneration, social security and pensions | 62 | €124,082 | €124,935 | +€853 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,557 | €15,252 | -€4,305 | -22.0% |
| Other operating charges | 640/8 | €387 | €12,037 | +€11,650 | +3,008% |
| Gross operating margin | 9900 | €141,220 | €128,360 | -€12,860 | -9.1% |
| Operating profit (loss) | 9901 | -€2,806 | -€23,864 | -€21,058 | -750% |
| Financial income | 75/76B | €387 | €585 | +€198 | +51.0% |
| Recurring financial income | 75 | €387 | €585 | +€198 | +51.0% |
| Financial charges | 65/66B | €3,263 | €6,690 | +€3,427 | +105% |
| Recurring financial charges | 65 | €3,263 | €6,690 | +€3,427 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€5,682 | -€29,970 | -€24,287 | -427% |
| Profit (loss) for the period | 9904 | -€5,682 | -€29,970 | -€24,287 | -427% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,682 | -€29,970 | -€24,287 | -427% |
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.