Elise Verdegem: what changed
Elise Verdegem
Largest movements
- Tangible fixed assets -€4,074
down €4,074 (-35.6%), from €11,433 to €7,359
- Cash +€2,051
up €2,051 (+45.9%), from €4,471 to €6,522
mainly Depreciation (+€6,761) and Stocks and contracts (+€1,420)
- Intangible fixed assets +€1,675
up €1,675 (+51.1%), from €3,278 to €4,953
- Stocks and contracts -€1,420
down €1,420 (-11.6%), from €12,258 to €10,837
- Receivables within one year -€1,351
down €1,351 (-31.5%), from €4,295 to €2,943
of which Other amounts receivable: -€1,939
- Trade debts -€4,766
down €4,766 (-64.4%), from €7,401 to €2,635
- Profit (loss) carried forward +€1,109
up €1,109 (+13.0%), from -€8,523 to -€7,415
- Gross operating margin +€11,491
up €11,491, from -€2,839 to €8,652
- Depreciation +€2,284
up €2,284 (+51.0%), from €4,477 to €6,761
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,888 | €32,615 | -€3,273 | -9.1% |
| Fixed assets | 21/28 | €14,712 | €12,312 | -€2,399 | -16.3% |
| Intangible fixed assets | 21 | €3,278 | €4,953 | +€1,675 | +51.1% |
| Tangible fixed assets | 22/27 | €11,433 | €7,359 | -€4,074 | -35.6% |
| Plant, machinery and equipment | 23 | €11,433 | €7,359 | -€4,074 | -35.6% |
| Current assets | 29/58 | €21,176 | €20,302 | -€874 | -4.1% |
| Stocks and contracts in progress | 3 | €12,258 | €10,837 | -€1,420 | -11.6% |
| Stocks | 30/36 | €12,258 | €10,837 | -€1,420 | -11.6% |
| Amounts receivable within one year | 40/41 | €4,295 | €2,943 | -€1,351 | -31.5% |
| Trade receivables | 40 | €2,356 | €2,943 | +€588 | +24.9% |
| Other amounts receivable | 41 | €1,939 | €0 | -€1,939 | -100% |
| Cash at bank and in hand | 54/58 | €4,471 | €6,522 | +€2,051 | +45.9% |
| Deferred charges and accrued income | 490/1 | €153 | €0 | -€153 | -100% |
| Total equity and liabilities | 10/49 | €35,888 | €32,615 | -€3,273 | -9.1% |
| Equity | 10/15 | -€6,523 | -€5,415 | +€1,109 | +17.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,523 | -€7,415 | +€1,109 | +13.0% |
| Amounts payable | 17/49 | €42,411 | €38,030 | -€4,382 | -10.3% |
| Amounts payable within one year | 42/48 | €42,411 | €38,030 | -€4,382 | -10.3% |
| Trade debts | 44 | €7,401 | €2,635 | -€4,766 | -64.4% |
| Suppliers | 440/4 | €7,401 | €2,635 | -€4,766 | -64.4% |
| Taxes, remuneration and social security | 45 | €2 | €297 | +€294 | +12,270% |
| Taxes | 450/3 | €2 | €297 | +€294 | +12,270% |
| Other amounts payable | 47/48 | €35,008 | €35,098 | +€90 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,477 | €6,761 | +€2,284 | +51.0% |
| Other operating charges | 640/8 | €663 | €613 | -€50 | -7.5% |
| Gross operating margin | 9900 | -€2,839 | €8,652 | +€11,491 | |
| Operating profit (loss) | 9901 | -€7,979 | €1,277 | +€9,257 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €162 | €169 | +€7 | +4.0% |
| Recurring financial charges | 65 | €162 | €169 | +€7 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,142 | €1,109 | +€9,250 | |
| Profit (loss) for the period | 9904 | -€8,142 | €1,109 | +€9,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,142 | €1,109 | +€9,250 |
Next steps
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 7 November 2026 via checked.be.