ELIETTE: 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.
ELIETTE
Largest movements
- Receivables within one year +€2,130
up €2,130 (+11.4%), from €18,674 to €20,804
- Stocks and contracts +€1,779
up €1,779 (+57.1%), from €3,115 to €4,893
- Cash +€1,623
up €1,623 (+4.6%), from €35,247 to €36,870
mainly Tax, wage and social debts (+€1,427) and Deferred charges and accrued income (+€1,328)
- Deferred charges and accrued income -€1,328
down €1,328 (-80.0%), from €1,659 to €332
- Tangible fixed assets -€707
down €707 (-54.8%), from €1,291 to €584
of which Furniture and vehicles: -€576
- Tax, wage and social debts +€1,427
up €1,427 (+17.5%), from €8,137 to €9,563
of which Remuneration and social security: +€4,766
- Profit (loss) carried forward +€1,117
up €1,117 (+3.7%), from €29,912 to €31,030
- Trade debts +€953
up €953 (+9.2%), from €10,352 to €11,305
- Gross operating margin -€17,977
down €17,977 (-66.9%), from €26,867 to €8,891
- Taxes -€3,637
down €3,637 (-77.9%), from €4,667 to €1,029
- Staff costs -€1,180
down €1,180 (-20.1%), from €5,857 to €4,677
- Other operating charges -€622
down €622 (-73.9%), from €842 to €220
- Financial income +€336
new in 2025: €336
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 | €62,923 | €66,420 | +€3,497 | +5.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,111 | €2,404 | -€707 | -22.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,291 | €584 | -€707 | -54.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €897 | €321 | -€576 | -64.2% |
| Other tangible fixed assets | 26 | €394 | €263 | -€131 | -33.3% |
| Financial fixed assets | 28 | €1,820 | €1,820 | = | 0.0% |
| Current assets | 29/58 | €59,812 | €64,016 | +€4,204 | +7.0% |
| Amounts receivable after more than one year | 29 | €1,117 | €1,117 | = | 0.0% |
| Trade receivables | 290 | €1,117 | €1,117 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,115 | €4,893 | +€1,779 | +57.1% |
| Stocks | 30/36 | €3,115 | €4,893 | +€1,779 | +57.1% |
| Amounts receivable within one year | 40/41 | €18,674 | €20,804 | +€2,130 | +11.4% |
| Other amounts receivable | 41 | €18,674 | €20,804 | +€2,130 | +11.4% |
| Cash at bank and in hand | 54/58 | €35,247 | €36,870 | +€1,623 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,659 | €332 | -€1,328 | -80.0% |
| Total equity and liabilities | 10/49 | €62,923 | €66,420 | +€3,497 | +5.6% |
| Equity | 10/15 | €44,434 | €45,552 | +€1,117 | +2.5% |
| Contributions | 10/11 | €8,587 | €8,587 | = | 0.0% |
| Reserves | 13 | €5,935 | €5,935 | = | 0.0% |
| Distributable reserves | 133 | €5,935 | €5,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,912 | €31,030 | +€1,117 | +3.7% |
| Amounts payable | 17/49 | €18,489 | €20,868 | +€2,379 | +12.9% |
| Amounts payable within one year | 42/48 | €18,489 | €20,868 | +€2,379 | +12.9% |
| Trade debts | 44 | €10,352 | €11,305 | +€953 | +9.2% |
| Suppliers | 440/4 | €10,352 | €11,305 | +€953 | +9.2% |
| Taxes, remuneration and social security | 45 | €8,137 | €9,563 | +€1,427 | +17.5% |
| Taxes | 450/3 | €8,137 | €4,798 | -€3,339 | -41.0% |
| Remuneration and social security | 454/9 | - | €4,766 | +€4,766 | |
| Remuneration, social security and pensions | 62 | €5,857 | €4,677 | -€1,180 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €877 | €707 | -€170 | -19.4% |
| Other operating charges | 640/8 | €842 | €220 | -€622 | -73.9% |
| Gross operating margin | 9900 | €26,867 | €8,891 | -€17,977 | -66.9% |
| Operating profit (loss) | 9901 | €19,291 | €3,287 | -€16,005 | -83.0% |
| Financial income | 75/76B | - | €336 | +€336 | |
| Recurring financial income | 75 | - | €336 | +€336 | |
| Financial charges | 65/66B | €1,335 | €1,476 | +€141 | +10.6% |
| Recurring financial charges | 65 | €1,335 | €1,476 | +€141 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €17,956 | €2,147 | -€15,810 | -88.0% |
| Income taxes | 67/77 | €4,667 | €1,029 | -€3,637 | -77.9% |
| Profit (loss) for the period | 9904 | €13,290 | €1,117 | -€12,173 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,290 | €1,117 | -€12,173 | -91.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.