ELEGANCE BRUSSELS: what changed
Two financial 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 BRUSSELS
Largest movements
- Stocks and contracts -€3,400
down €3,400 (-17.3%), from €19,629 to €16,229
- Cash +€644
up €644 (+32.2%), from €2,000 to €2,644
mainly Trade debts (+€20,561) and Stocks and contracts (+€3,400)
- Receivables within one year +€539
up €539 (+13.0%), from €4,129 to €4,668
- Trade debts +€20,561
up €20,561 (+16.0%), from €128,816 to €149,377
- Profit (loss) carried forward -€19,476
down €19,476 (-11.6%), from -€167,920 to -€187,396
- Tax, wage and social debts -€2,157
down €2,157 (-40.2%), from €5,361 to €3,204
- Short-term financial debts -€1,002
no longer reported in 2025 (was €1,002)
- Gross operating margin -€16,664
down €16,664 (-9,000%), from -€185 to -€16,850
- Other operating charges -€9,128
down €9,128 (-82.9%), from €11,013 to €1,885
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.
Derived cash bridge
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 | €30,834 | €28,617 | -€2,217 | -7.2% |
| Fixed assets | 21/28 | €5,075 | €5,075 | = | 0.0% |
| Financial fixed assets | 28 | €5,075 | €5,075 | = | 0.0% |
| Current assets | 29/58 | €25,759 | €23,542 | -€2,217 | -8.6% |
| Stocks and contracts in progress | 3 | €19,629 | €16,229 | -€3,400 | -17.3% |
| Stocks | 30/36 | €19,629 | €16,229 | -€3,400 | -17.3% |
| Amounts receivable within one year | 40/41 | €4,129 | €4,668 | +€539 | +13.0% |
| Trade receivables | 40 | €4,129 | €4,668 | +€539 | +13.0% |
| Cash at bank and in hand | 54/58 | €2,000 | €2,644 | +€644 | +32.2% |
| Total equity and liabilities | 10/49 | €30,834 | €28,617 | -€2,217 | -7.2% |
| Equity | 10/15 | -€145,820 | -€165,296 | -€19,476 | -13.4% |
| Contributions | 10/11 | €22,100 | €22,100 | = | 0.0% |
| Capital | 10 | €22,100 | - | -€22,100 | |
| Issued capital | 100 | €22,100 | - | -€22,100 | |
| Contributions outside capital | 11 | - | €22,100 | +€22,100 | |
| Share premium | 1100/10 | - | €22,100 | +€22,100 | |
| Profit (loss) carried forward | 14 | -€167,920 | -€187,396 | -€19,476 | -11.6% |
| Amounts payable | 17/49 | €176,654 | €193,913 | +€17,259 | +9.8% |
| Amounts payable within one year | 42/48 | €176,654 | €193,913 | +€17,259 | +9.8% |
| Financial debts | 43 | €1,002 | - | -€1,002 | |
| Credit institutions | 430/8 | €1,002 | - | -€1,002 | |
| Trade debts | 44 | €128,816 | €149,377 | +€20,561 | +16.0% |
| Suppliers | 440/4 | €128,816 | €149,377 | +€20,561 | +16.0% |
| Taxes, remuneration and social security | 45 | €5,361 | €3,204 | -€2,157 | -40.2% |
| Taxes | 450/3 | €5,361 | €3,204 | -€2,157 | -40.2% |
| Other amounts payable | 47/48 | €41,475 | €41,331 | -€144 | -0.3% |
| Other operating charges | 640/8 | €11,013 | €1,885 | -€9,128 | -82.9% |
| Gross operating margin | 9900 | -€185 | -€16,850 | -€16,664 | -9,000% |
| Operating profit (loss) | 9901 | -€11,198 | -€18,734 | -€7,536 | -67.3% |
| Financial charges | 65/66B | €726 | €741 | +€15 | +2.1% |
| Recurring financial charges | 65 | €726 | €741 | +€15 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,924 | -€19,476 | -€7,551 | -63.3% |
| Profit (loss) for the period | 9904 | -€11,924 | -€19,476 | -€7,551 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,924 | -€19,476 | -€7,551 | -63.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.