ELEMENTARY: 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.
ELEMENTARY
Largest movements
- Cash +€28,467
up €28,467 (+7.9%), from €361,761 to €390,228
mainly Net result for the year (+€81,093) and Receivables after one year (+€3,117)
- Profit (loss) carried forward +€44,693
up €44,693 (+29.6%), from €150,774 to €195,467
- Tax, wage and social debts -€19,472
down €19,472 (-59.5%), from €32,713 to €13,241
- Trade debts -€6,226
down €6,226 (-44.4%), from €14,033 to €7,807
- Gross operating margin +€15,827
up €15,827 (+16.1%), from €98,151 to €113,978
- Taxes +€6,654
up €6,654 (+28.9%), from €23,024 to €29,678
- Other operating charges -€2,724
down €2,724 (-77.6%), from €3,510 to €786
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 | €426,558 | €447,718 | +€21,160 | +5.0% |
| Fixed assets | 21/28 | €12,418 | €9,951 | -€2,467 | -19.9% |
| Tangible fixed assets | 22/27 | €12,418 | €9,951 | -€2,467 | -19.9% |
| Furniture and vehicles | 24 | €11,272 | €9,126 | -€2,146 | -19.0% |
| Other tangible fixed assets | 26 | €1,145 | €825 | -€321 | -28.0% |
| Current assets | 29/58 | €414,140 | €437,768 | +€23,628 | +5.7% |
| Amounts receivable after more than one year | 29 | €21,532 | €18,415 | -€3,117 | -14.5% |
| Other amounts receivable | 291 | €21,532 | €18,415 | -€3,117 | -14.5% |
| Amounts receivable within one year | 40/41 | €26,009 | €26,455 | +€446 | +1.7% |
| Trade receivables | 40 | €20,892 | €21,338 | +€446 | +2.1% |
| Other amounts receivable | 41 | €5,117 | €5,117 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €361,761 | €390,228 | +€28,467 | +7.9% |
| Deferred charges and accrued income | 490/1 | €4,838 | €2,669 | -€2,169 | -44.8% |
| Total equity and liabilities | 10/49 | €426,558 | €447,718 | +€21,160 | +5.0% |
| Equity | 10/15 | €379,246 | €423,939 | +€44,693 | +11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €208,473 | €208,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €206,473 | €206,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,774 | €195,467 | +€44,693 | +29.6% |
| Amounts payable | 17/49 | €47,311 | €23,779 | -€23,533 | -49.7% |
| Amounts payable within one year | 42/48 | €47,311 | €23,779 | -€23,533 | -49.7% |
| Trade debts | 44 | €14,033 | €7,807 | -€6,226 | -44.4% |
| Suppliers | 440/4 | €14,033 | €7,807 | -€6,226 | -44.4% |
| Taxes, remuneration and social security | 45 | €32,713 | €13,241 | -€19,472 | -59.5% |
| Taxes | 450/3 | €32,713 | €13,241 | -€19,472 | -59.5% |
| Other amounts payable | 47/48 | €565 | €2,731 | +€2,165 | +383% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,467 | €2,467 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,510 | €786 | -€2,724 | -77.6% |
| Non-recurring operating charges | 66A | €631 | €174 | -€457 | -72.4% |
| Gross operating margin | 9900 | €98,151 | €113,978 | +€15,827 | +16.1% |
| Operating profit (loss) | 9901 | €91,543 | €110,551 | +€19,008 | +20.8% |
| Financial income | 75/76B | €355 | €316 | -€40 | -11.2% |
| Recurring financial income | 75 | €355 | €316 | -€40 | -11.2% |
| Financial charges | 65/66B | €273 | €96 | -€177 | -64.9% |
| Recurring financial charges | 65 | €273 | €96 | -€177 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €91,625 | €110,771 | +€19,145 | +20.9% |
| Income taxes | 67/77 | €23,024 | €29,678 | +€6,654 | +28.9% |
| Profit (loss) for the period | 9904 | €68,602 | €81,093 | +€12,491 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,602 | €81,093 | +€12,491 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.