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
- Receivables within one year -€6,267
down €6,267 (-16.8%), from €37,388 to €31,121
of which Trade receivables: -€16,259
- Trade debts -€24,637
down €24,637 (-98.5%), from €25,018 to €381
- Profit (loss) carried forward +€18,278
up €18,278 (+220.9%), from €8,275 to €26,553
- Tax, wage and social debts +€3,952
up €3,952 (+763.9%), from €517 to €4,470
- Short-term financial debts -€3,026
no longer reported in 2025 (was €3,026)
- Other debts -€551
no longer reported in 2025 (was €551)
- Gross operating margin +€37,659
up €37,659 (+41.4%), from €90,932 to €128,591
- Staff costs +€16,416
up €16,416 (+18.6%), from €88,238 to €104,655
- Other operating charges +€3,739
new in 2025: €3,739
- Taxes +€1,293
new in 2025: €1,293
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 | €37,388 | €31,405 | -€5,984 | -16.0% |
| Current assets | 29/58 | €37,388 | €31,405 | -€5,984 | -16.0% |
| Amounts receivable within one year | 40/41 | €37,388 | €31,121 | -€6,267 | -16.8% |
| Trade receivables | 40 | €36,567 | €20,308 | -€16,259 | -44.5% |
| Other amounts receivable | 41 | €822 | €10,813 | +€9,992 | +1216.1% |
| Cash at bank and in hand | 54/58 | - | €283 | +€283 | |
| Total equity and liabilities | 10/49 | €37,388 | €31,405 | -€5,984 | -16.0% |
| Equity | 10/15 | €8,276 | €26,554 | +€18,278 | +220.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,275 | €26,553 | +€18,278 | +220.9% |
| Amounts payable | 17/49 | €29,113 | €4,851 | -€24,262 | -83.3% |
| Amounts payable within one year | 42/48 | €29,113 | €4,851 | -€24,262 | -83.3% |
| Financial debts | 43 | €3,026 | - | -€3,026 | |
| Credit institutions | 430/8 | €3,026 | - | -€3,026 | |
| Trade debts | 44 | €25,018 | €381 | -€24,637 | -98.5% |
| Suppliers | 440/4 | €25,018 | €381 | -€24,637 | -98.5% |
| Taxes, remuneration and social security | 45 | €517 | €4,470 | +€3,952 | +763.9% |
| Remuneration and social security | 454/9 | €517 | €4,470 | +€3,952 | +763.9% |
| Other amounts payable | 47/48 | €551 | - | -€551 | |
| Remuneration, social security and pensions | 62 | €88,238 | €104,655 | +€16,416 | +18.6% |
| Other operating charges | 640/8 | - | €3,739 | +€3,739 | |
| Gross operating margin | 9900 | €90,932 | €128,591 | +€37,659 | +41.4% |
| Operating profit (loss) | 9901 | €2,693 | €20,198 | +€17,504 | +649.9% |
| Financial charges | 65/66B | €1,109 | €626 | -€483 | -43.5% |
| Recurring financial charges | 65 | €1,109 | €626 | -€483 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €1,585 | €19,572 | +€17,987 | +1135.0% |
| Income taxes | 67/77 | - | €1,293 | +€1,293 | |
| Profit (loss) for the period | 9904 | €1,585 | €18,278 | +€16,694 | +1053.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,585 | €18,278 | +€16,694 | +1053.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.