Élarzé: 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.
Élarzé
Largest movements
- Cash +€119,732
up €119,732 (+85.2%), from €140,452 to €260,184
mainly Other debts (+€141,571) and Net result for the year (+€100,717)
- Receivables within one year -€12,070
down €12,070 (-15.5%), from €78,010 to €65,939
of which Other amounts receivable: -€33,403
- Other debts +€141,571
up €141,571 (+67305.8%), from €210 to €141,781
- Profit (loss) carried forward -€86,783
down €86,783 (-43.9%), from €197,498 to €110,715
- Tax, wage and social debts +€50,380
up €50,380 (+231.8%), from €21,738 to €72,118
of which Taxes: +€50,380
- Gross operating margin +€28,095
up €28,095 (+27.0%), from €103,901 to €131,996
- Taxes +€7,228
up €7,228 (+34.9%), from €20,726 to €27,954
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 | €222,617 | €328,429 | +€105,812 | +47.5% |
| Fixed assets | 21/28 | €3,430 | €1,466 | -€1,964 | -57.2% |
| Tangible fixed assets | 22/27 | €3,430 | €1,466 | -€1,964 | -57.2% |
| Furniture and vehicles | 24 | €2,756 | €978 | -€1,778 | -64.5% |
| Other tangible fixed assets | 26 | €674 | €488 | -€186 | -27.6% |
| Current assets | 29/58 | €219,187 | €326,962 | +€107,775 | +49.2% |
| Amounts receivable within one year | 40/41 | €78,010 | €65,939 | -€12,070 | -15.5% |
| Trade receivables | 40 | €44,607 | €65,939 | +€21,332 | +47.8% |
| Other amounts receivable | 41 | €33,403 | €0 | -€33,403 | -100.0% |
| Cash at bank and in hand | 54/58 | €140,452 | €260,184 | +€119,732 | +85.2% |
| Deferred charges and accrued income | 490/1 | €725 | €838 | +€114 | +15.7% |
| Total equity and liabilities | 10/49 | €222,617 | €328,429 | +€105,812 | +47.5% |
| Equity | 10/15 | €200,498 | €113,715 | -€86,783 | -43.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,498 | €110,715 | -€86,783 | -43.9% |
| Amounts payable | 17/49 | €22,119 | €214,713 | +€192,595 | +870.7% |
| Amounts payable within one year | 42/48 | €22,119 | €214,713 | +€192,595 | +870.7% |
| Trade debts | 44 | €170 | €814 | +€644 | +378.7% |
| Suppliers | 440/4 | €170 | €814 | +€644 | +378.7% |
| Taxes, remuneration and social security | 45 | €21,738 | €72,118 | +€50,380 | +231.8% |
| Taxes | 450/3 | €21,738 | €72,118 | +€50,380 | +231.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €210 | €141,781 | +€141,571 | +67305.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,964 | €1,964 | = | 0.0% |
| Gross operating margin | 9900 | €103,901 | €131,996 | +€28,095 | +27.0% |
| Operating profit (loss) | 9901 | €101,937 | €130,032 | +€28,095 | +27.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,528 | €1,362 | -€166 | -10.9% |
| Recurring financial charges | 65 | €1,528 | €1,362 | -€166 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €100,409 | €128,671 | +€28,261 | +28.1% |
| Income taxes | 67/77 | €20,726 | €27,954 | +€7,228 | +34.9% |
| Profit (loss) for the period | 9904 | €79,683 | €100,717 | +€21,034 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,683 | €100,717 | +€21,034 | +26.4% |
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 5 October 2026 via checked.be.