Elie Management: 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.
Elie Management
Largest movements
- Cash +€9,609
up €9,609 (+28.0%), from €34,379 to €43,989
mainly Net result for the year (+€26,561) and Other debts (+€3,511)
- Receivables within one year +€3,790
up €3,790 (+55.8%), from €6,797 to €10,588
of which Trade receivables: +€10,588
- Tangible fixed assets +€2,783
up €2,783 (+562%), from €496 to €3,279
of which Furniture and vehicles: +€3,279
- Profit (loss) carried forward +€11,561
up €11,561 (+49.5%), from €23,343 to €34,904
- Other debts +€3,511
up €3,511 (+29.0%), from €12,093 to €15,604
- Tax, wage and social debts +€1,522
up €1,522 (+80.6%), from €1,889 to €3,411
- Gross operating margin +€28,049
up €28,049 (+408%), from €6,881 to €34,930
- Taxes +€5,611
up €5,611 (+6,009%), from €93 to €5,705
- Other operating charges +€1,015
up €1,015 (+240%), from €423 to €1,437
- Depreciation +€530
up €530 (+90.5%), from €585 to €1,115
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 | €41,672 | €57,855 | +€16,183 | +38.8% |
| Fixed assets | 21/28 | €496 | €3,279 | +€2,783 | +562% |
| Tangible fixed assets | 22/27 | €496 | €3,279 | +€2,783 | +562% |
| Plant, machinery and equipment | 23 | €496 | - | -€496 | |
| Furniture and vehicles | 24 | - | €3,279 | +€3,279 | |
| Current assets | 29/58 | €41,177 | €54,576 | +€13,399 | +32.5% |
| Amounts receivable within one year | 40/41 | €6,797 | €10,588 | +€3,790 | +55.8% |
| Trade receivables | 40 | - | €10,588 | +€10,588 | |
| Other amounts receivable | 41 | €6,797 | - | -€6,797 | |
| Cash at bank and in hand | 54/58 | €34,379 | €43,989 | +€9,609 | +28.0% |
| Total equity and liabilities | 10/49 | €41,672 | €57,855 | +€16,183 | +38.8% |
| Equity | 10/15 | €26,343 | €37,904 | +€11,561 | +43.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,343 | €34,904 | +€11,561 | +49.5% |
| Amounts payable | 17/49 | €15,329 | €19,951 | +€4,621 | +30.1% |
| Amounts payable within one year | 42/48 | €15,329 | €19,951 | +€4,621 | +30.1% |
| Trade debts | 44 | €1,347 | €936 | -€411 | -30.5% |
| Suppliers | 440/4 | €1,347 | €936 | -€411 | -30.5% |
| Taxes, remuneration and social security | 45 | €1,889 | €3,411 | +€1,522 | +80.6% |
| Taxes | 450/3 | €1,889 | €3,411 | +€1,522 | +80.6% |
| Other amounts payable | 47/48 | €12,093 | €15,604 | +€3,511 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €585 | €1,115 | +€530 | +90.5% |
| Other operating charges | 640/8 | €423 | €1,437 | +€1,015 | +240% |
| Gross operating margin | 9900 | €6,881 | €34,930 | +€28,049 | +408% |
| Operating profit (loss) | 9901 | €5,873 | €32,378 | +€26,504 | +451% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €92 | €112 | +€20 | +21.8% |
| Recurring financial charges | 65 | €92 | €112 | +€20 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €5,782 | €32,266 | +€26,484 | +458% |
| Income taxes | 67/77 | €93 | €5,705 | +€5,611 | +6,009% |
| Profit (loss) for the period | 9904 | €5,689 | €26,561 | +€20,873 | +367% |
| Profit (loss) for the period to be appropriated | 9905 | €5,689 | €26,561 | +€20,873 | +367% |
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 23 October 2026 via checked.be.