Elegant Design: what changed
What changed
Elegant Design
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€1,093
2024 · €7,621-€8,714
Equity
€171,752
2024 · €172,845-€1,093
Cash
€135,653
2024 · €122,147+€13,506
Balance sheet total
€175,475
2024 · €180,502-€5,027
Largest movements
Assets
- Tangible fixed assets -€13,727
down €13,727 (-39.6%), from €34,634 to €20,907
of which Furniture and vehicles: -€8,677
- Cash +€13,506
up €13,506 (+11.1%), from €122,147 to €135,653
mainly Depreciation (+€13,727) and Stocks and contracts (+€4,285)
- Stocks and contracts -€4,285
down €4,285 (-19.4%), from €22,031 to €17,746
Equity and liabilities
- Current portion of long-term debt -€4,718
down €4,718 (-91.6%), from €5,150 to €433
- Tax, wage and social debts +€2,651
up €2,651 (+1,528%), from €174 to €2,825
Income statement
- Gross operating margin -€11,872
down €11,872 (-48.2%), from €24,654 to €12,781
- Taxes -€3,005
down €3,005 (-95.8%), from €3,137 to €132
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,621
Gross operating margin
-€11,872
Depreciation
-€0
Other operating charges
-€37
Financial income
+€103
Financial charges
+€87
Taxes
+€3,005
Result 2025
-€1,093
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€18,656
Investment
€0
Financing
-€5,150
Cash 2024
€122,147
From operations (derived)
+€18,656
Net result for the year
-€1,093
Depreciation
+€13,727
Stocks and contracts
+€4,285
Receivables within one year
+€40
Deferred charges and accrued income
+€480
Trade debts
-€154
Tax, wage and social debts
+€2,651
Other debts
-€1,280
Financing
-€5,150
Debts after one year
-€433
Current portion of long-term debt
-€4,718
Cash 2025
€135,653
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,502 | €175,475 | -€5,027 | -2.8% |
| Fixed assets | 21/28 | €34,634 | €20,907 | -€13,727 | -39.6% |
| Tangible fixed assets | 22/27 | €34,634 | €20,907 | -€13,727 | -39.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €935 | €547 | -€387 | -41.4% |
| Furniture and vehicles | 24 | €10,927 | €2,250 | -€8,677 | -79.4% |
| Other tangible fixed assets | 26 | €22,772 | €18,110 | -€4,662 | -20.5% |
| Current assets | 29/58 | €145,868 | €154,569 | +€8,700 | +6.0% |
| Stocks and contracts in progress | 3 | €22,031 | €17,746 | -€4,285 | -19.4% |
| Stocks | 30/36 | €22,031 | €17,746 | -€4,285 | -19.4% |
| Amounts receivable within one year | 40/41 | €1,210 | €1,170 | -€40 | -3.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,210 | €1,170 | -€40 | -3.3% |
| Cash at bank and in hand | 54/58 | €122,147 | €135,653 | +€13,506 | +11.1% |
| Deferred charges and accrued income | 490/1 | €480 | €0 | -€480 | -100% |
| Total equity and liabilities | 10/49 | €180,502 | €175,475 | -€5,027 | -2.8% |
| Equity | 10/15 | €172,845 | €171,752 | -€1,093 | -0.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €148,056 | €146,962 | -€1,093 | -0.7% |
| Distributable reserves | 133 | €148,056 | €146,962 | -€1,093 | -0.7% |
| Amounts payable | 17/49 | €7,657 | €3,724 | -€3,933 | -51.4% |
| Amounts payable after more than one year | 17 | €433 | €0 | -€433 | -100% |
| Financial debts | 170/4 | €433 | €0 | -€433 | -100% |
| Amounts payable within one year | 42/48 | €7,224 | €3,724 | -€3,501 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €5,150 | €433 | -€4,718 | -91.6% |
| Trade debts | 44 | €154 | €0 | -€154 | -100% |
| Suppliers | 440/4 | €154 | €0 | -€154 | -100% |
| Taxes, remuneration and social security | 45 | €174 | €2,825 | +€2,651 | +1,528% |
| Taxes | 450/3 | €174 | €2,825 | +€2,651 | +1,528% |
| Other amounts payable | 47/48 | €1,746 | €466 | -€1,280 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,727 | €13,727 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,184 | €1,220 | +€37 | +3.1% |
| Gross operating margin | 9900 | €24,654 | €12,781 | -€11,872 | -48.2% |
| Operating profit (loss) | 9901 | €9,743 | -€2,166 | -€11,909 | |
| Financial income | 75/76B | €1,249 | €1,352 | +€103 | +8.2% |
| Recurring financial income | 75 | €1,249 | €1,352 | +€103 | +8.2% |
| Financial charges | 65/66B | €234 | €148 | -€87 | -37.0% |
| Recurring financial charges | 65 | €234 | €148 | -€87 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €10,758 | -€961 | -€11,719 | |
| Income taxes | 67/77 | €3,137 | €132 | -€3,005 | -95.8% |
| Profit (loss) for the period | 9904 | €7,621 | -€1,093 | -€8,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,621 | -€1,093 | -€8,714 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.