Elite: 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.
Elite
Largest movements
- Cash -€42,291
down €42,291 (-100.0%), from €42,310 to €19
mainly Investment in fixed assets (net) (-€40,213) and Contributions, distributions and other (-€23,177)
- Tangible fixed assets +€3,973
up €3,973 (+1.2%), from €326,491 to €330,464
of which Furniture and vehicles: +€18,873
- Reserves -€27,003
down €27,003 (-9.6%), from €281,177 to €254,173
of which Tax-exempt reserves: -€25,471
- Provisions -€8,490
down €8,490 (-54.2%), from €15,678 to €7,188
- Other operating charges +€37,241
up €37,241 (+724.2%), from €5,143 to €42,384
- Depreciation +€13,831
up €13,831 (+61.7%), from €22,409 to €36,240
- Gross operating margin +€7,128
up €7,128 (+17.4%), from €41,057 to €48,186
- Taxes -€4,257
down €4,257 (-43.8%), from €9,728 to €5,471
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 | €372,484 | €337,012 | -€35,472 | -9.5% |
| Fixed assets | 21/28 | €326,491 | €330,464 | +€3,973 | +1.2% |
| Tangible fixed assets | 22/27 | €326,491 | €330,464 | +€3,973 | +1.2% |
| Land and buildings | 22 | €233,559 | €219,201 | -€14,358 | -6.1% |
| Plant, machinery and equipment | 23 | €2,355 | €1,814 | -€541 | -23.0% |
| Furniture and vehicles | 24 | €90,577 | €109,449 | +€18,873 | +20.8% |
| Current assets | 29/58 | €45,994 | €6,548 | -€39,446 | -85.8% |
| Amounts receivable within one year | 40/41 | €3,684 | €6,529 | +€2,845 | +77.2% |
| Other amounts receivable | 41 | €3,684 | €6,529 | +€2,845 | +77.2% |
| Cash at bank and in hand | 54/58 | €42,310 | €19 | -€42,291 | -100.0% |
| Total equity and liabilities | 10/49 | €372,484 | €337,012 | -€35,472 | -9.5% |
| Equity | 10/15 | €343,177 | €316,173 | -€27,003 | -7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €281,177 | €254,173 | -€27,003 | -9.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,308 | €30,837 | -€25,471 | -45.2% |
| Distributable reserves | 133 | €218,668 | €217,136 | -€1,532 | -0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €15,678 | €7,188 | -€8,490 | -54.2% |
| Deferred taxes | 168 | €15,678 | €7,188 | -€8,490 | -54.2% |
| Amounts payable | 17/49 | €13,629 | €13,650 | +€21 | +0.2% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,629 | €7,650 | +€21 | +0.3% |
| Trade debts | 44 | €2,381 | €3,080 | +€698 | +29.3% |
| Suppliers | 440/4 | €2,381 | €3,080 | +€698 | +29.3% |
| Taxes, remuneration and social security | 45 | €1,412 | €0 | -€1,412 | -100.0% |
| Taxes | 450/3 | €1,412 | €0 | -€1,412 | -100.0% |
| Other amounts payable | 47/48 | €3,836 | €4,571 | +€735 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,409 | €36,240 | +€13,831 | +61.7% |
| Other operating charges | 640/8 | €5,143 | €42,384 | +€37,241 | +724.2% |
| Gross operating margin | 9900 | €41,057 | €48,186 | +€7,128 | +17.4% |
| Operating profit (loss) | 9901 | €13,506 | -€30,438 | -€43,943 | |
| Financial income | 75/76B | - | €415 | +€415 | |
| Recurring financial income | 75 | - | €415 | +€415 | |
| Financial charges | 65/66B | €149 | €0 | -€149 | -100.0% |
| Recurring financial charges | 65 | €149 | €0 | -€149 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €13,356 | -€30,023 | -€43,379 | |
| Transfer from deferred taxes | 780 | €2,623 | €31,667 | +€29,044 | +1107.2% |
| Income taxes | 67/77 | €9,728 | €5,471 | -€4,257 | -43.8% |
| Profit (loss) for the period | 9904 | €6,251 | -€3,827 | -€10,078 | |
| Transfer from tax-exempt reserves | 789 | €7,869 | €2,294 | -€5,575 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,120 | -€1,532 | -€15,653 |
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 10 October 2026 via checked.be.