ELISE LAEREMANS: what changed
What changed
ELISE LAEREMANS
filed annual accounts (NBB)
Net result for the year
-€14,842
2024 · -€1,831-€13,011
Equity
€258,806
2024 · €273,647-€14,842
Cash
€175,833
2024 · €178,735-€2,902
Balance sheet total
€361,613
2024 · €399,342-€37,729
Largest movements
Assets
- Tangible fixed assets -€27,004
down €27,004 (-18.7%), from €144,076 to €117,072
of which Land and buildings: -€26,587
- Receivables within one year -€7,880
down €7,880 (-51.5%), from €15,292 to €7,412
of which Other amounts receivable: -€7,982
Equity and liabilities
- Debts after one year -€21,451
down €21,451 (-22.4%), from €95,748 to €74,296
- Profit (loss) carried forward -€14,842
down €14,842, from €378 to -€14,464
- Tax, wage and social debts -€4,527
no longer reported in 2025 (was €4,527)
Income statement
- Gross operating margin -€17,069
down €17,069 (-50.0%), from €34,167 to €17,098
- Depreciation -€2,245
down €2,245 (-7.7%), from €29,249 to €27,004
- Financial charges -€1,392
down €1,392 (-18.4%), from €7,568 to €6,176
- Other operating charges -€1,363
down €1,363 (-49.8%), from €2,737 to €1,374
- Financial income -€1,017
down €1,017 (-26.6%), from €3,820 to €2,803
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,831
Gross operating margin
-€17,069
Depreciation
+€2,245
Other operating charges
+€1,363
Financial income
-€1,017
Financial charges
+€1,392
Taxes
+€76
Result 2025
-€14,842
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,595
Investment
€0
Financing
-€23,498
Cash 2024
€178,735
From operations (derived)
+€20,595
Net result for the year
-€14,842
Depreciation
+€27,004
Receivables within one year
+€7,880
Deferred charges and accrued income
-€58
Trade debts
+€2,054
Tax, wage and social debts
-€4,527
Other debts
+€3,083
Financing
-€23,498
Debts after one year
-€21,451
Current portion of long-term debt
-€2,046
Cash 2025
€175,833
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,342 | €361,613 | -€37,729 | -9.4% |
| Fixed assets | 21/28 | €144,076 | €117,072 | -€27,004 | -18.7% |
| Tangible fixed assets | 22/27 | €144,076 | €117,072 | -€27,004 | -18.7% |
| Land and buildings | 22 | €140,981 | €114,394 | -€26,587 | -18.9% |
| Plant, machinery and equipment | 23 | €2,104 | €1,854 | -€250 | -11.9% |
| Furniture and vehicles | 24 | €991 | €824 | -€168 | -16.9% |
| Current assets | 29/58 | €255,266 | €244,541 | -€10,724 | -4.2% |
| Amounts receivable within one year | 40/41 | €15,292 | €7,412 | -€7,880 | -51.5% |
| Trade receivables | 40 | €3,225 | €3,327 | +€102 | +3.2% |
| Other amounts receivable | 41 | €12,067 | €4,085 | -€7,982 | -66.1% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €178,735 | €175,833 | -€2,902 | -1.6% |
| Deferred charges and accrued income | 490/1 | €1,238 | €1,296 | +€58 | +4.7% |
| Total equity and liabilities | 10/49 | €399,342 | €361,613 | -€37,729 | -9.4% |
| Equity | 10/15 | €273,647 | €258,806 | -€14,842 | -5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €260,869 | €260,869 | = | 0.0% |
| Distributable reserves | 133 | €260,869 | €260,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | €378 | -€14,464 | -€14,842 | |
| Amounts payable | 17/49 | €125,694 | €102,808 | -€22,887 | -18.2% |
| Amounts payable after more than one year | 17 | €95,748 | €74,296 | -€21,451 | -22.4% |
| Financial debts | 170/4 | €95,748 | €74,296 | -€21,451 | -22.4% |
| Amounts payable within one year | 42/48 | €29,946 | €28,511 | -€1,435 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €25,267 | €23,221 | -€2,046 | -8.1% |
| Trade debts | 44 | €149 | €2,203 | +€2,054 | +1,378% |
| Suppliers | 440/4 | €149 | €2,203 | +€2,054 | +1,378% |
| Taxes, remuneration and social security | 45 | €4,527 | - | -€4,527 | |
| Taxes | 450/3 | €4,527 | - | -€4,527 | |
| Other amounts payable | 47/48 | €3 | €3,087 | +€3,083 | +89,372% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,249 | €27,004 | -€2,245 | -7.7% |
| Other operating charges | 640/8 | €2,737 | €1,374 | -€1,363 | -49.8% |
| Gross operating margin | 9900 | €34,167 | €17,098 | -€17,069 | -50.0% |
| Operating profit (loss) | 9901 | €2,181 | -€11,280 | -€13,461 | |
| Financial income | 75/76B | €3,820 | €2,803 | -€1,017 | -26.6% |
| Recurring financial income | 75 | €3,820 | €2,803 | -€1,017 | -26.6% |
| Financial charges | 65/66B | €7,568 | €6,176 | -€1,392 | -18.4% |
| Recurring financial charges | 65 | €7,568 | €6,176 | -€1,392 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,567 | -€14,653 | -€13,087 | -835% |
| Income taxes | 67/77 | €265 | €189 | -€76 | -28.7% |
| Profit (loss) for the period | 9904 | -€1,831 | -€14,842 | -€13,011 | -710% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,831 | -€14,842 | -€13,011 | -710% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.