ELEMENT'OZ: 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.
ELEMENT'OZ
Largest movements
- Receivables within one year -€16,852
down €16,852 (-59.2%), from €28,455 to €11,604
- Intangible fixed assets -€4,250
no longer reported in 2025 (was €4,250)
- Cash -€3,040
down €3,040 (-20.4%), from €14,935 to €11,895
mainly Trade debts (-€19,643) and Tax, wage and social debts (-€5,721)
- Tangible fixed assets -€2,181
down €2,181 (-50.2%), from €4,342 to €2,161
- Trade debts -€19,643
down €19,643 (-90.7%), from €21,654 to €2,010
- Tax, wage and social debts -€5,721
down €5,721 (-42.9%), from €13,345 to €7,625
of which Taxes: -€6,155
- Other debts -€3,377
down €3,377 (-86.5%), from €3,902 to €525
- Profit (loss) carried forward +€1,976
up €1,976 (+15.5%), from €12,716 to €14,692
- Financial charges +€20,337
up €20,337 (+8663.5%), from €235 to €20,572
- Gross operating margin +€11,840
up €11,840 (+62.2%), from €19,044 to €30,884
- Depreciation -€2,072
down €2,072 (-24.4%), from €8,503 to €6,431
- Taxes -€361
down €361 (-18.0%), from €2,009 to €1,648
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 | €53,118 | €26,300 | -€26,818 | -50.5% |
| Fixed assets | 21/28 | €8,592 | €2,161 | -€6,431 | -74.9% |
| Intangible fixed assets | 21 | €4,250 | - | -€4,250 | |
| Tangible fixed assets | 22/27 | €4,342 | €2,161 | -€2,181 | -50.2% |
| Furniture and vehicles | 24 | €4,342 | €2,161 | -€2,181 | -50.2% |
| Current assets | 29/58 | €44,527 | €24,140 | -€20,387 | -45.8% |
| Amounts receivable within one year | 40/41 | €28,455 | €11,604 | -€16,852 | -59.2% |
| Trade receivables | 40 | €28,455 | €11,604 | -€16,852 | -59.2% |
| Cash at bank and in hand | 54/58 | €14,935 | €11,895 | -€3,040 | -20.4% |
| Deferred charges and accrued income | 490/1 | €1,137 | €641 | -€495 | -43.6% |
| Total equity and liabilities | 10/49 | €53,118 | €26,300 | -€26,818 | -50.5% |
| Equity | 10/15 | €13,816 | €15,792 | +€1,976 | +14.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,716 | €14,692 | +€1,976 | +15.5% |
| Amounts payable | 17/49 | €39,302 | €10,508 | -€28,794 | -73.3% |
| Amounts payable within one year | 42/48 | €38,901 | €10,508 | -€28,393 | -73.0% |
| Financial debts | 43 | - | €348 | +€348 | |
| Credit institutions | 430/8 | - | €348 | +€348 | |
| Trade debts | 44 | €21,654 | €2,010 | -€19,643 | -90.7% |
| Suppliers | 440/4 | €21,654 | €2,010 | -€19,643 | -90.7% |
| Taxes, remuneration and social security | 45 | €13,345 | €7,625 | -€5,721 | -42.9% |
| Taxes | 450/3 | €11,080 | €4,925 | -€6,155 | -55.6% |
| Remuneration and social security | 454/9 | €2,266 | €2,700 | +€434 | +19.2% |
| Other amounts payable | 47/48 | €3,902 | €525 | -€3,377 | -86.5% |
| Accrued charges and deferred income | 492/3 | €401 | - | -€401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,503 | €6,431 | -€2,072 | -24.4% |
| Other operating charges | 640/8 | €397 | €387 | -€9 | -2.3% |
| Gross operating margin | 9900 | €19,044 | €30,884 | +€11,840 | +62.2% |
| Operating profit (loss) | 9901 | €10,145 | €24,066 | +€13,921 | +137.2% |
| Financial income | 75/76B | €127 | €130 | +€3 | +2.7% |
| Recurring financial income | 75 | €127 | €130 | +€3 | +2.7% |
| Financial charges | 65/66B | €235 | €20,572 | +€20,337 | +8663.5% |
| Recurring financial charges | 65 | €235 | €20,572 | +€20,337 | +8663.5% |
| Profit (loss) for the period before taxes | 9903 | €10,037 | €3,624 | -€6,413 | -63.9% |
| Income taxes | 67/77 | €2,009 | €1,648 | -€361 | -18.0% |
| Profit (loss) for the period | 9904 | €8,028 | €1,976 | -€6,051 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,028 | €1,976 | -€6,051 | -75.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.