ELISE REGNIER: 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.
ELISE REGNIER
Largest movements
- Cash +€11,093
up €11,093 (+20.3%), from €54,538 to €65,630
mainly Net result for the year (+€18,182) and Other debts (+€16,624)
- Tangible fixed assets -€6,706
down €6,706 (-25.6%), from €26,151 to €19,445
of which Furniture and vehicles: -€6,514
- Other debts +€16,624
up €16,624 (+105%), from €15,762 to €32,385
- Debts after one year -€10,277
down €10,277 (-85.5%), from €12,026 to €1,749
- Tax, wage and social debts -€2,242
down €2,242 (-39.3%), from €5,702 to €3,460
- Other operating charges -€4,520
down €4,520 (-85.3%), from €5,301 to €781
- Gross operating margin +€3,825
up €3,825 (+13.3%), from €28,848 to €32,672
- Depreciation +€461
up €461 (+7.1%), from €6,495 to €6,956
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 | €82,353 | €86,814 | +€4,461 | +5.4% |
| Formation expenses | 20 | €501 | €250 | -€250 | -50.0% |
| Fixed assets | 21/28 | €26,151 | €19,445 | -€6,706 | -25.6% |
| Tangible fixed assets | 22/27 | €26,151 | €19,445 | -€6,706 | -25.6% |
| Plant, machinery and equipment | 23 | €530 | €338 | -€192 | -36.2% |
| Furniture and vehicles | 24 | €25,621 | €19,107 | -€6,514 | -25.4% |
| Current assets | 29/58 | €55,702 | €67,119 | +€11,417 | +20.5% |
| Cash at bank and in hand | 54/58 | €54,538 | €65,630 | +€11,093 | +20.3% |
| Deferred charges and accrued income | 490/1 | €1,164 | €1,489 | +€325 | +27.9% |
| Total equity and liabilities | 10/49 | €82,353 | €86,814 | +€4,461 | +5.4% |
| Equity | 10/15 | €38,943 | €38,943 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,943 | €33,943 | = | 0.0% |
| Distributable reserves | 133 | €33,943 | €33,943 | = | 0.0% |
| Amounts payable | 17/49 | €43,410 | €47,871 | +€4,461 | +10.3% |
| Amounts payable after more than one year | 17 | €12,026 | €1,749 | -€10,277 | -85.5% |
| Financial debts | 170/4 | €12,026 | €1,749 | -€10,277 | -85.5% |
| Amounts payable within one year | 42/48 | €31,384 | €46,123 | +€14,739 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €9,921 | €10,277 | +€357 | +3.6% |
| Taxes, remuneration and social security | 45 | €5,702 | €3,460 | -€2,242 | -39.3% |
| Taxes | 450/3 | €5,702 | €3,460 | -€2,242 | -39.3% |
| Other amounts payable | 47/48 | €15,762 | €32,385 | +€16,624 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,495 | €6,956 | +€461 | +7.1% |
| Other operating charges | 640/8 | €5,301 | €781 | -€4,520 | -85.3% |
| Gross operating margin | 9900 | €28,848 | €32,672 | +€3,825 | +13.3% |
| Operating profit (loss) | 9901 | €17,052 | €24,935 | +€7,883 | +46.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.6% |
| Financial charges | 65/66B | €951 | €794 | -€157 | -16.5% |
| Recurring financial charges | 65 | €951 | €794 | -€157 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €16,102 | €24,142 | +€8,040 | +49.9% |
| Income taxes | 67/77 | €5,859 | €5,960 | +€101 | +1.7% |
| Profit (loss) for the period | 9904 | €10,243 | €18,182 | +€7,939 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,243 | €18,182 | +€7,939 | +77.5% |
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.