ELEGANCE: 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.
ELEGANCE
Largest movements
- Cash +€8,643
up €8,643 (+6.3%), from €136,583 to €145,226
mainly Net result for the year (+€11,009) and Other debts (+€9,829)
- Receivables within one year +€2,546
up €2,546 (+265.7%), from €958 to €3,504
of which Other amounts receivable: +€3,500
- Other debts +€9,829
up €9,829 (+15.3%), from €64,050 to €73,880
- Gross operating margin +€4,829
up €4,829 (+39.3%), from €12,299 to €17,127
- Taxes +€1,602
up €1,602 (+45.4%), from €3,532 to €5,134
- Depreciation -€587
down €587 (-61.3%), from €956 to €370
- Financial income +€250
up €250 (+45.3%), from €551 to €801
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 | €143,133 | €153,677 | +€10,544 | +7.4% |
| Fixed assets | 21/28 | €981 | €1,151 | +€170 | +17.4% |
| Tangible fixed assets | 22/27 | €981 | €1,151 | +€170 | +17.4% |
| Furniture and vehicles | 24 | €981 | €1,151 | +€170 | +17.4% |
| Current assets | 29/58 | €142,152 | €152,526 | +€10,374 | +7.3% |
| Stocks and contracts in progress | 3 | €4,611 | €3,796 | -€815 | -17.7% |
| Stocks | 30/36 | €4,611 | €3,796 | -€815 | -17.7% |
| Amounts receivable within one year | 40/41 | €958 | €3,504 | +€2,546 | +265.7% |
| Trade receivables | 40 | €954 | - | -€954 | |
| Other amounts receivable | 41 | €4 | €3,504 | +€3,500 | +94086.0% |
| Cash at bank and in hand | 54/58 | €136,583 | €145,226 | +€8,643 | +6.3% |
| Total equity and liabilities | 10/49 | €143,133 | €153,677 | +€10,544 | +7.4% |
| Equity | 10/15 | €72,659 | €73,509 | +€849 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €54,067 | €54,917 | +€849 | +1.6% |
| Distributable reserves | 133 | €54,067 | €54,917 | +€849 | +1.6% |
| Amounts payable | 17/49 | €70,473 | €80,168 | +€9,695 | +13.8% |
| Amounts payable within one year | 42/48 | €70,403 | €80,168 | +€9,765 | +13.9% |
| Trade debts | 44 | €789 | - | -€789 | |
| Suppliers | 440/4 | €789 | - | -€789 | |
| Taxes, remuneration and social security | 45 | €5,564 | €6,289 | +€724 | +13.0% |
| Taxes | 450/3 | €5,564 | €6,289 | +€724 | +13.0% |
| Other amounts payable | 47/48 | €64,050 | €73,880 | +€9,829 | +15.3% |
| Accrued charges and deferred income | 492/3 | €70 | - | -€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €956 | €370 | -€587 | -61.3% |
| Other operating charges | 640/8 | €268 | €270 | +€2 | +0.7% |
| Gross operating margin | 9900 | €12,299 | €17,127 | +€4,829 | +39.3% |
| Operating profit (loss) | 9901 | €11,074 | €16,488 | +€5,413 | +48.9% |
| Financial income | 75/76B | €551 | €801 | +€250 | +45.3% |
| Recurring financial income | 75 | €551 | €801 | +€250 | +45.3% |
| Financial charges | 65/66B | €1,264 | €1,145 | -€119 | -9.4% |
| Recurring financial charges | 65 | €1,264 | €1,145 | -€119 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €10,362 | €16,144 | +€5,782 | +55.8% |
| Income taxes | 67/77 | €3,532 | €5,134 | +€1,602 | +45.4% |
| Profit (loss) for the period | 9904 | €6,830 | €11,009 | +€4,180 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,830 | €11,009 | +€4,180 | +61.2% |
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 7 October 2026 via checked.be.