eLDéCé: 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.
eLDéCé
Largest movements
- Receivables within one year +€69,541
up €69,541 (+158.7%), from €43,830 to €113,370
of which Other amounts receivable: +€92,920
- Cash +€31,685
up €31,685 (+69.8%), from €45,382 to €77,068
mainly Net result for the year (+€78,345) and Tax, wage and social debts (+€25,846)
- Reserves +€78,345
up €78,345 (+143.3%), from €54,664 to €133,009
- Tax, wage and social debts +€25,846
up €25,846 (+128.8%), from €20,060 to €45,906
- Other debts -€5,330
down €5,330 (-100.0%), from €5,330 to €0
- Gross operating margin +€28,691
up €28,691 (+39.0%), from €73,582 to €102,274
- Taxes +€9,084
up €9,084 (+64.8%), from €14,012 to €23,096
- Financial charges -€3,719
down €3,719 (-97.0%), from €3,835 to €116
of which Non-recurring financial charges: -€3,718
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 | €90,157 | €191,116 | +€100,959 | +112.0% |
| Fixed assets | 21/28 | €945 | €505 | -€441 | -46.6% |
| Tangible fixed assets | 22/27 | €945 | €505 | -€441 | -46.6% |
| Furniture and vehicles | 24 | €945 | €505 | -€441 | -46.6% |
| Current assets | 29/58 | €89,212 | €190,612 | +€101,400 | +113.7% |
| Amounts receivable within one year | 40/41 | €43,830 | €113,370 | +€69,541 | +158.7% |
| Trade receivables | 40 | €43,830 | €20,451 | -€23,379 | -53.3% |
| Other amounts receivable | 41 | - | €92,920 | +€92,920 | |
| Cash at bank and in hand | 54/58 | €45,382 | €77,068 | +€31,685 | +69.8% |
| Deferred charges and accrued income | 490/1 | - | €174 | +€174 | |
| Total equity and liabilities | 10/49 | €90,157 | €191,116 | +€100,959 | +112.0% |
| Equity | 10/15 | €64,664 | €143,009 | +€78,345 | +121.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,664 | €133,009 | +€78,345 | +143.3% |
| Distributable reserves | 133 | €54,664 | €133,009 | +€78,345 | +143.3% |
| Amounts payable | 17/49 | €25,493 | €48,107 | +€22,614 | +88.7% |
| Amounts payable within one year | 42/48 | €25,493 | €48,107 | +€22,614 | +88.7% |
| Financial debts | 43 | - | €1,757 | +€1,757 | |
| Credit institutions | 430/8 | - | €1,757 | +€1,757 | |
| Trade debts | 44 | €103 | €444 | +€341 | +329.3% |
| Suppliers | 440/4 | €103 | €444 | +€341 | +329.3% |
| Taxes, remuneration and social security | 45 | €20,060 | €45,906 | +€25,846 | +128.8% |
| Taxes | 450/3 | €20,060 | €45,906 | +€25,846 | +128.8% |
| Other amounts payable | 47/48 | €5,330 | €0 | -€5,330 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €441 | +€64 | +16.9% |
| Other operating charges | 640/8 | €734 | €640 | -€95 | -12.9% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €73,582 | €102,274 | +€28,691 | +39.0% |
| Operating profit (loss) | 9901 | €72,471 | €101,193 | +€28,722 | +39.6% |
| Financial income | 75/76B | €40 | €365 | +€325 | +807.9% |
| Recurring financial income | 75 | €40 | €365 | +€325 | +807.9% |
| Financial charges | 65/66B | €3,835 | €116 | -€3,719 | -97.0% |
| Recurring financial charges | 65 | €117 | €116 | -€1 | -0.5% |
| Non-recurring financial charges | 66B | €3,718 | - | -€3,718 | |
| Profit (loss) for the period before taxes | 9903 | €68,676 | €101,442 | +€32,765 | +47.7% |
| Income taxes | 67/77 | €14,012 | €23,096 | +€9,084 | +64.8% |
| Profit (loss) for the period | 9904 | €54,664 | €78,345 | +€23,681 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,664 | €78,345 | +€23,681 | +43.3% |
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 3 October 2026 via checked.be.