ELENA CHUTROVA: what changed
ELENA CHUTROVA
Largest movements
- Receivables within one year -€28,542
down €28,542 (-48.7%), from €58,613 to €30,071
- Cash -€9,918
down €9,918 (-11.7%), from €84,814 to €74,895
mainly Other debts (-€87,978) and Contributions, distributions and other (-€70,588)
- Tangible fixed assets -€7,544
down €7,544 (-28.6%), from €26,410 to €18,866
- Deferred charges and accrued income -€3,676
down €3,676 (-60.2%), from €6,108 to €2,432
- Other debts -€87,978
down €87,978 (-100%), from €87,978 to €0
- Profit (loss) carried forward +€31,308
up €31,308 (+122%), from €25,723 to €57,032
- Tax, wage and social debts +€6,811
up €6,811 (+31.5%), from €21,621 to €28,432
of which Taxes: +€9,309
- Gross operating margin -€6,122
down €6,122 (-4.2%), from €146,635 to €140,513
- Financial income -€3,637
down €3,637 (-59.4%), from €6,119 to €2,482
- Taxes -€2,203
down €2,203 (-6.6%), from €33,189 to €30,986
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,969 | €126,289 | -€49,680 | -28.2% |
| Fixed assets | 21/28 | €26,435 | €18,891 | -€7,544 | -28.5% |
| Tangible fixed assets | 22/27 | €26,410 | €18,866 | -€7,544 | -28.6% |
| Furniture and vehicles | 24 | €26,410 | €18,866 | -€7,544 | -28.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €149,534 | €107,398 | -€42,136 | -28.2% |
| Amounts receivable within one year | 40/41 | €58,613 | €30,071 | -€28,542 | -48.7% |
| Other amounts receivable | 41 | €58,613 | €30,071 | -€28,542 | -48.7% |
| Cash at bank and in hand | 54/58 | €84,814 | €74,895 | -€9,918 | -11.7% |
| Deferred charges and accrued income | 490/1 | €6,108 | €2,432 | -€3,676 | -60.2% |
| Total equity and liabilities | 10/49 | €175,969 | €126,289 | -€49,680 | -28.2% |
| Equity | 10/15 | €63,668 | €94,977 | +€31,308 | +49.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,345 | €19,345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,345 | €19,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,723 | €57,032 | +€31,308 | +122% |
| Amounts payable | 17/49 | €112,301 | €31,312 | -€80,988 | -72.1% |
| Amounts payable within one year | 42/48 | €112,301 | €31,312 | -€80,988 | -72.1% |
| Financial debts | 43 | €399 | €1,728 | +€1,330 | +334% |
| Credit institutions | 430/8 | €399 | €1,728 | +€1,330 | +334% |
| Trade debts | 44 | €2,303 | €1,153 | -€1,150 | -49.9% |
| Suppliers | 440/4 | €2,303 | €1,153 | -€1,150 | -49.9% |
| Taxes, remuneration and social security | 45 | €21,621 | €28,432 | +€6,811 | +31.5% |
| Taxes | 450/3 | €19,123 | €28,432 | +€9,309 | +48.7% |
| Remuneration and social security | 454/9 | €2,498 | €0 | -€2,498 | -100% |
| Other amounts payable | 47/48 | €87,978 | €0 | -€87,978 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,556 | €8,587 | +€31 | +0.4% |
| Other operating charges | 640/8 | €821 | €773 | -€48 | -5.9% |
| Gross operating margin | 9900 | €146,635 | €140,513 | -€6,122 | -4.2% |
| Operating profit (loss) | 9901 | €137,258 | €131,153 | -€6,105 | -4.4% |
| Financial income | 75/76B | €6,119 | €2,482 | -€3,637 | -59.4% |
| Recurring financial income | 75 | €6,119 | €2,482 | -€3,637 | -59.4% |
| Financial charges | 65/66B | €697 | €753 | +€55 | +8.0% |
| Recurring financial charges | 65 | €697 | €753 | +€55 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €142,680 | €132,882 | -€9,798 | -6.9% |
| Income taxes | 67/77 | €33,189 | €30,986 | -€2,203 | -6.6% |
| Profit (loss) for the period | 9904 | €109,491 | €101,897 | -€7,595 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,491 | €101,897 | -€7,595 | -6.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.