ELENS PETER: 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.
ELENS PETER
Largest movements
- Receivables within one year -€8,569
down €8,569 (-4.3%), from €198,096 to €189,528
of which Trade receivables: -€16,590
- Profit (loss) carried forward -€12,954
down €12,954 (-39.2%), from €33,075 to €20,121
- Trade debts +€12,031
up €12,031 (+48.3%), from €24,895 to €36,926
- Tax, wage and social debts -€8,805
no longer reported in 2025 (was €8,805)
of which Taxes: -€8,091
- Staff costs +€10,967
up €10,967 (+49.4%), from €22,195 to €33,163
- Financial charges -€10,917
down €10,917 (-79.4%), from €13,743 to €2,827
- Gross operating margin -€9,276
down €9,276 (-25.4%), from €36,581 to €27,305
- Taxes -€2,281
down €2,281 (-37.4%), from €6,099 to €3,819
- Other operating charges -€567
down €567 (-90.0%), from €630 to €63
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,483 | €189,528 | -€8,956 | -4.5% |
| Fixed assets | 21/28 | €387 | - | -€387 | |
| Tangible fixed assets | 22/27 | €387 | - | -€387 | |
| Plant, machinery and equipment | 23 | €387 | - | -€387 | |
| Current assets | 29/58 | €198,096 | €189,528 | -€8,569 | -4.3% |
| Amounts receivable within one year | 40/41 | €198,096 | €189,528 | -€8,569 | -4.3% |
| Trade receivables | 40 | €24,457 | €7,867 | -€16,590 | -67.8% |
| Other amounts receivable | 41 | €173,639 | €181,660 | +€8,021 | +4.6% |
| Total equity and liabilities | 10/49 | €198,483 | €189,528 | -€8,956 | -4.5% |
| Equity | 10/15 | €160,482 | €147,529 | -€12,954 | -8.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €108,407 | €108,407 | = | 0.0% |
| Distributable reserves | 133 | €108,407 | €108,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,075 | €20,121 | -€12,954 | -39.2% |
| Amounts payable | 17/49 | €38,001 | €41,999 | +€3,998 | +10.5% |
| Amounts payable within one year | 42/48 | €38,001 | €41,999 | +€3,998 | +10.5% |
| Financial debts | 43 | €4,300 | €5,073 | +€773 | +18.0% |
| Credit institutions | 430/8 | €4,300 | €5,073 | +€773 | +18.0% |
| Trade debts | 44 | €24,895 | €36,926 | +€12,031 | +48.3% |
| Suppliers | 440/4 | €24,895 | €36,926 | +€12,031 | +48.3% |
| Taxes, remuneration and social security | 45 | €8,805 | - | -€8,805 | |
| Taxes | 450/3 | €8,091 | - | -€8,091 | |
| Remuneration and social security | 454/9 | €714 | - | -€714 | |
| Remuneration, social security and pensions | 62 | €22,195 | €33,163 | +€10,967 | +49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €697 | €387 | -€310 | -44.5% |
| Other operating charges | 640/8 | €630 | €63 | -€567 | -90.0% |
| Gross operating margin | 9900 | €36,581 | €27,305 | -€9,276 | -25.4% |
| Operating profit (loss) | 9901 | €13,058 | -€6,308 | -€19,367 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €13,743 | €2,827 | -€10,917 | -79.4% |
| Recurring financial charges | 65 | €13,743 | €2,827 | -€10,917 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | -€685 | -€9,135 | -€8,450 | -1233.3% |
| Income taxes | 67/77 | €6,099 | €3,819 | -€2,281 | -37.4% |
| Profit (loss) for the period | 9904 | -€6,784 | -€12,954 | -€6,169 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,784 | -€12,954 | -€6,169 | -90.9% |
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 11 October 2026 via checked.be.