ELEGADO: 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.
ELEGADO
Largest movements
- Cash +€60,662
up €60,662 (+108.3%), from €55,998 to €116,660
mainly Net result for the year (+€49,721) and Tax, wage and social debts (+€13,364)
- Receivables within one year +€3,533
up €3,533 (+78.1%), from €4,525 to €8,059
- Reserves +€49,721
up €49,721 (+106.6%), from €46,662 to €96,383
- Tax, wage and social debts +€13,364
up €13,364 (+81.4%), from €16,417 to €29,782
of which Taxes: +€13,364
- Gross operating margin +€2,681
up €2,681 (+4.4%), from €61,113 to €63,794
- Financial income +€1,087
up €1,087 (+1087250.0%), from €0 to €1,087
- Taxes +€821
up €821 (+6.7%), from €12,299 to €13,120
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 | €64,796 | €128,319 | +€63,523 | +98.0% |
| Fixed assets | 21/28 | €3,351 | €2,593 | -€758 | -22.6% |
| Tangible fixed assets | 22/27 | €3,351 | €2,593 | -€758 | -22.6% |
| Furniture and vehicles | 24 | €3,351 | €2,593 | -€758 | -22.6% |
| Current assets | 29/58 | €61,445 | €125,726 | +€64,281 | +104.6% |
| Amounts receivable within one year | 40/41 | €4,525 | €8,059 | +€3,533 | +78.1% |
| Trade receivables | 40 | €4,525 | €8,059 | +€3,533 | +78.1% |
| Cash at bank and in hand | 54/58 | €55,998 | €116,660 | +€60,662 | +108.3% |
| Deferred charges and accrued income | 490/1 | €921 | €1,007 | +€86 | +9.3% |
| Total equity and liabilities | 10/49 | €64,796 | €128,319 | +€63,523 | +98.0% |
| Equity | 10/15 | €47,662 | €97,383 | +€49,721 | +104.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,662 | €96,383 | +€49,721 | +106.6% |
| Distributable reserves | 133 | €46,662 | €96,383 | +€49,721 | +106.6% |
| Amounts payable | 17/49 | €17,133 | €30,936 | +€13,802 | +80.6% |
| Amounts payable within one year | 42/48 | €17,133 | €30,936 | +€13,802 | +80.6% |
| Trade debts | 44 | €716 | €864 | +€148 | +20.7% |
| Suppliers | 440/4 | €716 | €864 | +€148 | +20.7% |
| Taxes, remuneration and social security | 45 | €16,417 | €29,782 | +€13,364 | +81.4% |
| Taxes | 450/3 | €15,917 | €29,282 | +€13,364 | +84.0% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €290 | +€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €1,501 | -€264 | -15.0% |
| Other operating charges | 640/8 | €387 | €525 | +€137 | +35.4% |
| Gross operating margin | 9900 | €61,113 | €63,794 | +€2,681 | +4.4% |
| Operating profit (loss) | 9901 | €58,961 | €61,769 | +€2,808 | +4.8% |
| Financial income | 75/76B | €0 | €1,087 | +€1,087 | +1087250.0% |
| Recurring financial income | 75 | €0 | €1,087 | +€1,087 | +1087250.0% |
| Financial charges | 65/66B | - | €16 | +€16 | |
| Recurring financial charges | 65 | - | €16 | +€16 | |
| Profit (loss) for the period before taxes | 9903 | €58,961 | €62,841 | +€3,879 | +6.6% |
| Income taxes | 67/77 | €12,299 | €13,120 | +€821 | +6.7% |
| Profit (loss) for the period | 9904 | €46,662 | €49,721 | +€3,059 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,662 | €49,721 | +€3,059 | +6.6% |
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 6 October 2026 via checked.be.