Eleganza 2.0: what changed
What changed
Eleganza 2.0
NACE 47.721, Retail sale of footwear
filed annual accounts (NBB)
Net result for the year
€13,911
2024 · €1,703+€12,209
Equity
€105,002
2024 · €91,091+€13,911
Cash
€255,823
2024 · €294,736-€38,913
Balance sheet total
€1.3m
2024 · €1.4m-€69,475
Largest movements
Assets
- Cash -€38,913
down €38,913 (-13.2%), from €294,736 to €255,823
mainly Tax, wage and social debts (-€39,774) and Current portion of long-term debt (-€35,376)
- Intangible fixed assets -€28,000
down €28,000 (-22.2%), from €126,000 to €98,000
Equity and liabilities
- Tax, wage and social debts -€39,774
down €39,774 (-40.7%), from €97,641 to €57,868
of which Taxes: -€31,808
- Current portion of long-term debt -€35,376
down €35,376 (-42.5%), from €83,172 to €47,797
- Reserves +€13,911
up €13,911 (+19.6%), from €71,091 to €85,002
of which Distributable reserves: +€13,911
- Debts after one year -€13,797
down €13,797 (-28.4%), from €48,585 to €34,788
Income statement
- Staff costs -€27,434
down €27,434 (-15.1%), from €181,644 to €154,210
- Gross operating margin +€27,273
up €27,273 (+12.4%), from €219,668 to €246,941
- Write-downs +€26,334
up €26,334, from -€18,379 to €7,956
- Depreciation +€9,508
up €9,508 (+24.3%), from €39,062 to €48,570
- Taxes +€7,480
up €7,480 (+231%), from €3,232 to €10,712
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
€1,703
Gross operating margin
+€27,273
Staff costs
+€27,434
Depreciation
-€9,508
Write-downs
-€26,334
Other operating charges
+€950
Financial income
-€623
Financial charges
+€499
Taxes
-€7,480
Result 2025
€13,911
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
+€37,527
Investment
-€27,268
Financing
-€49,172
Cash 2024
€294,736
From operations (derived)
+€37,527
Net result for the year
+€13,911
Depreciation
+€48,570
Stocks and contracts
+€9,279
Deferred charges and accrued income
-€19
Trade debts
+€2,045
Tax, wage and social debts
-€39,774
Other debts
+€3,515
Investment (derived)
-€27,268
Investment in fixed assets (net)
-€27,268
Financing
-€49,172
Debts after one year
-€13,797
Current portion of long-term debt
-€35,376
Cash 2025
€255,823
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,368,478 | €1,299,003 | -€69,475 | -5.1% |
| Fixed assets | 21/28 | €195,346 | €174,043 | -€21,302 | -10.9% |
| Intangible fixed assets | 21 | €126,000 | €98,000 | -€28,000 | -22.2% |
| Tangible fixed assets | 22/27 | €69,346 | €76,043 | +€6,698 | +9.7% |
| Furniture and vehicles | 24 | €69,346 | €76,043 | +€6,698 | +9.7% |
| Current assets | 29/58 | €1,173,132 | €1,124,959 | -€48,173 | -4.1% |
| Amounts receivable after more than one year | 29 | €20,400 | €20,400 | = | 0.0% |
| Other amounts receivable | 291 | €20,400 | €20,400 | = | 0.0% |
| Stocks and contracts in progress | 3 | €857,295 | €848,016 | -€9,279 | -1.1% |
| Stocks | 30/36 | €857,295 | €848,016 | -€9,279 | -1.1% |
| Cash at bank and in hand | 54/58 | €294,736 | €255,823 | -€38,913 | -13.2% |
| Deferred charges and accrued income | 490/1 | €701 | €721 | +€19 | +2.8% |
| Total equity and liabilities | 10/49 | €1,368,478 | €1,299,003 | -€69,475 | -5.1% |
| Equity | 10/15 | €91,091 | €105,002 | +€13,911 | +15.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €71,091 | €85,002 | +€13,911 | +19.6% |
| Non-distributable reserves | 130/1 | €1,818 | €1,818 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,818 | €1,818 | = | 0.0% |
| Distributable reserves | 133 | €69,273 | €83,184 | +€13,911 | +20.1% |
| Amounts payable | 17/49 | €1,277,387 | €1,194,000 | -€83,386 | -6.5% |
| Amounts payable after more than one year | 17 | €48,585 | €34,788 | -€13,797 | -28.4% |
| Financial debts | 170/4 | €48,585 | €34,788 | -€13,797 | -28.4% |
| Amounts payable within one year | 42/48 | €1,228,802 | €1,159,212 | -€69,590 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €83,172 | €47,797 | -€35,376 | -42.5% |
| Trade debts | 44 | €45,348 | €47,393 | +€2,045 | +4.5% |
| Suppliers | 440/4 | €45,348 | €47,393 | +€2,045 | +4.5% |
| Taxes, remuneration and social security | 45 | €97,641 | €57,868 | -€39,774 | -40.7% |
| Taxes | 450/3 | €70,734 | €38,926 | -€31,808 | -45.0% |
| Remuneration and social security | 454/9 | €26,908 | €18,942 | -€7,966 | -29.6% |
| Other amounts payable | 47/48 | €1,002,641 | €1,006,155 | +€3,515 | +0.4% |
| Remuneration, social security and pensions | 62 | €181,644 | €154,210 | -€27,434 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,062 | €48,570 | +€9,508 | +24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,379 | €7,956 | +€26,334 | |
| Other operating charges | 640/8 | €6,900 | €5,950 | -€950 | -13.8% |
| Gross operating margin | 9900 | €219,668 | €246,941 | +€27,273 | +12.4% |
| Operating profit (loss) | 9901 | €10,441 | €30,254 | +€19,814 | +190% |
| Financial income | 75/76B | €2,439 | €1,816 | -€623 | -25.6% |
| Recurring financial income | 75 | €2,439 | €1,816 | -€623 | -25.6% |
| Financial charges | 65/66B | €7,946 | €7,447 | -€499 | -6.3% |
| Recurring financial charges | 65 | €7,946 | €7,447 | -€499 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €4,934 | €24,623 | +€19,689 | +399% |
| Income taxes | 67/77 | €3,232 | €10,712 | +€7,480 | +231% |
| Profit (loss) for the period | 9904 | €1,703 | €13,911 | +€12,209 | +717% |
| Profit (loss) for the period to be appropriated | 9905 | €1,703 | €13,911 | +€12,209 | +717% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.