ELEN DIDIER: 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.
ELEN DIDIER
Largest movements
- Cash -€49,745
down €49,745 (-33.7%), from €147,568 to €97,823
mainly Receivables within one year (-€34,663) and Tax, wage and social debts (-€14,370)
- Receivables within one year +€34,663
up €34,663 (+179%), from €19,396 to €54,059
of which Trade receivables: +€31,478
- Tax, wage and social debts -€14,370
down €14,370 (-100%), from €14,370 to €0
- Gross operating margin -€16,787
down €16,787, from €16,446 to -€341
- Taxes -€5,269
down €5,269 (-100%), from €5,269 to €0
- Financial income -€754
down €754 (-59.5%), from €1,267 to €513
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 | €168,022 | €152,547 | -€15,475 | -9.2% |
| Fixed assets | 21/28 | €1,058 | €666 | -€393 | -37.1% |
| Tangible fixed assets | 22/27 | €1,058 | €666 | -€393 | -37.1% |
| Plant, machinery and equipment | 23 | €1,058 | €666 | -€393 | -37.1% |
| Current assets | 29/58 | €166,964 | €151,882 | -€15,082 | -9.0% |
| Amounts receivable within one year | 40/41 | €19,396 | €54,059 | +€34,663 | +179% |
| Trade receivables | 40 | €9,540 | €41,018 | +€31,478 | +330% |
| Other amounts receivable | 41 | €9,856 | €13,042 | +€3,186 | +32.3% |
| Cash at bank and in hand | 54/58 | €147,568 | €97,823 | -€49,745 | -33.7% |
| Total equity and liabilities | 10/49 | €168,022 | €152,547 | -€15,475 | -9.2% |
| Equity | 10/15 | €153,495 | €152,418 | -€1,077 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,895 | €133,818 | -€1,077 | -0.8% |
| Distributable reserves | 133 | €134,895 | €133,818 | -€1,077 | -0.8% |
| Amounts payable | 17/49 | €14,527 | €129 | -€14,398 | -99.1% |
| Amounts payable within one year | 42/48 | €14,527 | €129 | -€14,398 | -99.1% |
| Trade debts | 44 | €157 | €129 | -€28 | -17.9% |
| Suppliers | 440/4 | €157 | €129 | -€28 | -17.9% |
| Taxes, remuneration and social security | 45 | €14,370 | €0 | -€14,370 | -100% |
| Taxes | 450/3 | €14,370 | €0 | -€14,370 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524 | €393 | -€131 | -25.0% |
| Other operating charges | 640/8 | €728 | €801 | +€73 | +10.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €16,446 | -€341 | -€16,787 | |
| Operating profit (loss) | 9901 | €15,194 | -€1,534 | -€16,729 | |
| Financial income | 75/76B | €1,267 | €513 | -€754 | -59.5% |
| Recurring financial income | 75 | €1,267 | €513 | -€754 | -59.5% |
| Financial charges | 65/66B | €41 | €55 | +€15 | +36.3% |
| Recurring financial charges | 65 | €41 | €55 | +€15 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €16,421 | -€1,077 | -€17,497 | |
| Income taxes | 67/77 | €5,269 | €0 | -€5,269 | -100% |
| Profit (loss) for the period | 9904 | €11,152 | -€1,077 | -€12,229 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,152 | -€1,077 | -€12,229 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.