ELIOT DEFORCE: 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.
ELIOT DEFORCE
Largest movements
- Cash -€21,868
down €21,868 (-71.8%), from €30,456 to €8,587
mainly Contributions, distributions and other (-€56,250) and Receivables within one year (-€17,562)
- Receivables within one year +€17,562
up €17,562 (+213%), from €8,257 to €25,819
of which Other amounts receivable: +€17,450
- Tangible fixed assets -€6,338
down €6,338 (-47.4%), from €13,360 to €7,022
of which Furniture and vehicles: -€4,091
- Deferred charges and accrued income -€2,277
down €2,277 (-12.2%), from €18,679 to €16,402
- Profit (loss) carried forward -€39,346
down €39,346 (-65.9%), from €59,750 to €20,403
- Other debts +€27,500
up €27,500, from €0 to €27,500
- Current portion of long-term debt -€992
down €992 (-100%), from €992 to €0
- Accrued charges and deferred income -€790
down €790 (-77.9%), from €1,014 to €225
- Gross operating margin -€2,298
down €2,298 (-6.6%), from €34,598 to €32,299
- Financial charges +€1,626
up €1,626 (+93.4%), from €1,741 to €3,367
- Depreciation -€639
down €639 (-9.2%), from €6,977 to €6,338
- Financial income +€573
up €573 (+298%), from €192 to €765
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 | €70,751 | €57,831 | -€12,920 | -18.3% |
| Fixed assets | 21/28 | €13,360 | €7,022 | -€6,338 | -47.4% |
| Tangible fixed assets | 22/27 | €13,360 | €7,022 | -€6,338 | -47.4% |
| Plant, machinery and equipment | 23 | €805 | €224 | -€581 | -72.1% |
| Furniture and vehicles | 24 | €6,387 | €2,296 | -€4,091 | -64.1% |
| Other tangible fixed assets | 26 | €6,168 | €4,502 | -€1,666 | -27.0% |
| Current assets | 29/58 | €57,391 | €50,809 | -€6,583 | -11.5% |
| Amounts receivable within one year | 40/41 | €8,257 | €25,819 | +€17,562 | +213% |
| Trade receivables | 40 | €157 | €270 | +€113 | +71.7% |
| Other amounts receivable | 41 | €8,099 | €25,549 | +€17,450 | +215% |
| Cash at bank and in hand | 54/58 | €30,456 | €8,587 | -€21,868 | -71.8% |
| Deferred charges and accrued income | 490/1 | €18,679 | €16,402 | -€2,277 | -12.2% |
| Total equity and liabilities | 10/49 | €70,751 | €57,831 | -€12,920 | -18.3% |
| Equity | 10/15 | €61,750 | €22,403 | -€39,346 | -63.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,750 | €20,403 | -€39,346 | -65.9% |
| Amounts payable | 17/49 | €9,001 | €35,427 | +€26,426 | +294% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,987 | €35,203 | +€27,216 | +341% |
| Current portion of amounts payable after more than one year | 42 | €992 | €0 | -€992 | -100% |
| Trade debts | 44 | €261 | €968 | +€707 | +271% |
| Suppliers | 440/4 | €261 | €968 | +€707 | +271% |
| Taxes, remuneration and social security | 45 | €6,734 | €6,735 | +€1 | 0.0% |
| Taxes | 450/3 | €6,734 | €6,735 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €0 | €27,500 | +€27,500 | |
| Accrued charges and deferred income | 492/3 | €1,014 | €225 | -€790 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,977 | €6,338 | -€639 | -9.2% |
| Other operating charges | 640/8 | €791 | €618 | -€173 | -21.9% |
| Gross operating margin | 9900 | €34,598 | €32,299 | -€2,298 | -6.6% |
| Operating profit (loss) | 9901 | €26,830 | €25,344 | -€1,486 | -5.5% |
| Financial income | 75/76B | €192 | €765 | +€573 | +298% |
| Recurring financial income | 75 | €192 | €765 | +€573 | +298% |
| Financial charges | 65/66B | €1,741 | €3,367 | +€1,626 | +93.4% |
| Recurring financial charges | 65 | €1,741 | €3,367 | +€1,626 | +93.4% |
| Profit (loss) for the period before taxes | 9903 | €25,280 | €22,742 | -€2,539 | -10.0% |
| Income taxes | 67/77 | €5,815 | €5,838 | +€23 | +0.4% |
| Profit (loss) for the period | 9904 | €19,465 | €16,904 | -€2,562 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,465 | €16,904 | -€2,562 | -13.2% |
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.