ELEGANZA: 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.
ELEGANZA
Largest movements
- Current investments +€1.4m
new in 2025: €1.4m
- Cash -€1.3m
down €1.3m (-65.3%), from €2.0m to €711,221
mainly Current investments (-€1.4m) and Other debts (-€5,779)
- Tangible fixed assets -€48,062
down €48,062 (-8.3%), from €582,203 to €534,142
of which Land and buildings: -€47,793
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€7,966
down €7,966 (-8.5%), from €93,679 to €85,713
- Taxes -€3,702
down €3,702 (-93.7%), from €3,950 to €248
- Financial charges +€2,628
up €2,628 (+894.7%), from €294 to €2,921
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 | €3,715,708 | €3,738,491 | +€22,783 | +0.6% |
| Fixed assets | 21/28 | €583,691 | €535,629 | -€48,062 | -8.2% |
| Tangible fixed assets | 22/27 | €582,203 | €534,142 | -€48,062 | -8.3% |
| Land and buildings | 22 | €581,129 | €533,336 | -€47,793 | -8.2% |
| Furniture and vehicles | 24 | €1,074 | €806 | -€269 | -25.0% |
| Financial fixed assets | 28 | €1,487 | €1,487 | = | 0.0% |
| Current assets | 29/58 | €3,132,017 | €3,202,862 | +€70,845 | +2.3% |
| Amounts receivable within one year | 40/41 | €1,079,175 | €1,062,030 | -€17,145 | -1.6% |
| Other amounts receivable | 41 | €1,079,175 | €1,062,030 | -€17,145 | -1.6% |
| Current investments | 50/53 | - | €1,425,000 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €2,048,369 | €711,221 | -€1.3m | -65.3% |
| Deferred charges and accrued income | 490/1 | €4,473 | €4,611 | +€138 | +3.1% |
| Total equity and liabilities | 10/49 | €3,715,708 | €3,738,491 | +€22,783 | +0.6% |
| Equity | 10/15 | €3,601,728 | €3,629,184 | +€27,456 | +0.8% |
| Contributions | 10/11 | €962,000 | €962,000 | = | 0.0% |
| Capital | 10 | €962,000 | €962,000 | = | 0.0% |
| Issued capital | 100 | €962,000 | €962,000 | = | 0.0% |
| Reserves | 13 | €2,685,458 | €2,685,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,415 | €19,415 | = | 0.0% |
| Legal reserve | 130 | €19,415 | €19,415 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,239 | €93,239 | = | 0.0% |
| Distributable reserves | 133 | €2,572,804 | €2,572,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,731 | -€18,274 | +€27,456 | +60.0% |
| Amounts payable | 17/49 | €113,980 | €109,307 | -€4,673 | -4.1% |
| Amounts payable within one year | 42/48 | €113,980 | €109,307 | -€4,673 | -4.1% |
| Trade debts | 44 | €189 | €952 | +€763 | +404.4% |
| Suppliers | 440/4 | €189 | €952 | +€763 | +404.4% |
| Taxes, remuneration and social security | 45 | €880 | €1,222 | +€342 | +38.9% |
| Taxes | 450/3 | €880 | €1,222 | +€342 | +38.9% |
| Other amounts payable | 47/48 | €112,912 | €107,133 | -€5,779 | -5.1% |
| Non-recurring operating income | 76A | €3,409 | - | -€3,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,850 | €48,062 | +€211 | +0.4% |
| Other operating charges | 640/8 | €19,441 | €20,215 | +€774 | +4.0% |
| Gross operating margin | 9900 | €93,679 | €85,713 | -€7,966 | -8.5% |
| Operating profit (loss) | 9901 | €26,388 | €17,437 | -€8,952 | -33.9% |
| Financial income | 75/76B | €12,319 | €13,189 | +€870 | +7.1% |
| Recurring financial income | 75 | €12,319 | €13,189 | +€870 | +7.1% |
| Financial charges | 65/66B | €294 | €2,921 | +€2,628 | +894.7% |
| Recurring financial charges | 65 | €294 | €2,921 | +€2,628 | +894.7% |
| Profit (loss) for the period before taxes | 9903 | €38,414 | €27,705 | -€10,709 | -27.9% |
| Income taxes | 67/77 | €3,950 | €248 | -€3,702 | -93.7% |
| Profit (loss) for the period | 9904 | €34,464 | €27,456 | -€7,007 | -20.3% |
| Transfer from tax-exempt reserves | 789 | €77,500 | - | -€77,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,964 | €27,456 | -€84,507 | -75.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.