ELEVENT: 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.
ELEVENT
Largest movements
- Cash +€15,781
up €15,781 (+58.2%), from €27,093 to €42,874
mainly Net result for the year (+€18,432) and Depreciation (+€8,871)
- Tangible fixed assets -€7,285
down €7,285 (-61.3%), from €11,875 to €4,590
- Receivables within one year +€2,733
up €2,733 (+204.6%), from €1,336 to €4,069
of which Trade receivables: +€3,900
- Profit (loss) carried forward +€18,432
new in 2025: €18,432
- Trade debts -€7,438
down €7,438 (-84.7%), from €8,777 to €1,339
- Tax, wage and social debts +€1,109
up €1,109 (+15.2%), from €7,307 to €8,416
of which Taxes: +€1,266
- Other debts -€534
down €534 (-33.1%), from €1,611 to €1,077
- Gross operating margin +€6,998
up €6,998 (+23.7%), from €29,468 to €36,466
- Taxes +€1,267
up €1,267 (+17.7%), from €7,140 to €8,407
- Depreciation +€785
up €785 (+9.7%), from €8,086 to €8,871
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 | €40,304 | €51,873 | +€11,569 | +28.7% |
| Fixed assets | 21/28 | €11,875 | €4,590 | -€7,285 | -61.3% |
| Tangible fixed assets | 22/27 | €11,875 | €4,590 | -€7,285 | -61.3% |
| Furniture and vehicles | 24 | €11,875 | €4,590 | -€7,285 | -61.3% |
| Current assets | 29/58 | €28,429 | €47,283 | +€18,854 | +66.3% |
| Amounts receivable within one year | 40/41 | €1,336 | €4,069 | +€2,733 | +204.6% |
| Trade receivables | 40 | - | €3,900 | +€3,900 | |
| Other amounts receivable | 41 | €1,336 | €169 | -€1,167 | -87.4% |
| Cash at bank and in hand | 54/58 | €27,093 | €42,874 | +€15,781 | +58.2% |
| Deferred charges and accrued income | 490/1 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €40,304 | €51,873 | +€11,569 | +28.7% |
| Equity | 10/15 | €22,609 | €41,041 | +€18,432 | +81.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,609 | €17,609 | = | 0.0% |
| Distributable reserves | 133 | €17,609 | €17,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €18,432 | +€18,432 | |
| Amounts payable | 17/49 | €17,695 | €10,832 | -€6,863 | -38.8% |
| Amounts payable within one year | 42/48 | €17,695 | €10,832 | -€6,863 | -38.8% |
| Trade debts | 44 | €8,777 | €1,339 | -€7,438 | -84.7% |
| Suppliers | 440/4 | €8,777 | €1,339 | -€7,438 | -84.7% |
| Taxes, remuneration and social security | 45 | €7,307 | €8,416 | +€1,109 | +15.2% |
| Taxes | 450/3 | €7,150 | €8,416 | +€1,266 | +17.7% |
| Remuneration and social security | 454/9 | €157 | - | -€157 | |
| Other amounts payable | 47/48 | €1,611 | €1,077 | -€534 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,086 | €8,871 | +€785 | +9.7% |
| Other operating charges | 640/8 | €924 | €660 | -€264 | -28.6% |
| Gross operating margin | 9900 | €29,468 | €36,466 | +€6,998 | +23.7% |
| Operating profit (loss) | 9901 | €20,458 | €26,935 | +€6,477 | +31.7% |
| Financial charges | 65/66B | €88 | €96 | +€8 | +9.1% |
| Recurring financial charges | 65 | €88 | €96 | +€8 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €20,370 | €26,839 | +€6,469 | +31.8% |
| Income taxes | 67/77 | €7,140 | €8,407 | +€1,267 | +17.7% |
| Profit (loss) for the period | 9904 | €13,230 | €18,432 | +€5,202 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,230 | €18,432 | +€5,202 | +39.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.