ELITE: what changed
Two fiscal 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
- Receivables within one year -€24,237
down €24,237 (-65.6%), from €36,952 to €12,716
- Cash -€13,965
down €13,965 (-80.5%), from €17,346 to €3,381
mainly Net result for the year (-€28,095) and Trade debts (-€10,106)
- Reserves -€31,000
down €31,000 (-25.6%), from €121,000 to €90,000
- Trade debts -€10,106
down €10,106 (-98.2%), from €10,288 to €182
- Profit (loss) carried forward +€2,905
up €2,905 (+206.1%), from €1,410 to €4,315
- Gross operating margin -€2,936
down €2,936 (-42.6%), from €6,886 to €3,950
- Other operating charges +€1,372
up €1,372 (+4.5%), from €30,386 to €31,758
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 | €242,698 | €204,496 | -€38,201 | -15.7% |
| Fixed assets | 21/28 | €188,399 | €188,399 | = | 0.0% |
| Tangible fixed assets | 22/27 | €188,399 | €188,399 | = | 0.0% |
| Land and buildings | 22 | €188,399 | €188,399 | = | 0.0% |
| Current assets | 29/58 | €54,299 | €16,097 | -€38,201 | -70.4% |
| Amounts receivable within one year | 40/41 | €36,952 | €12,716 | -€24,237 | -65.6% |
| Trade receivables | 40 | €36,952 | €12,716 | -€24,237 | -65.6% |
| Cash at bank and in hand | 54/58 | €17,346 | €3,381 | -€13,965 | -80.5% |
| Total equity and liabilities | 10/49 | €242,698 | €204,496 | -€38,201 | -15.7% |
| Equity | 10/15 | €232,410 | €204,315 | -€28,095 | -12.1% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €121,000 | €90,000 | -€31,000 | -25.6% |
| Distributable reserves | 133 | €121,000 | €90,000 | -€31,000 | -25.6% |
| Profit (loss) carried forward | 14 | €1,410 | €4,315 | +€2,905 | +206.1% |
| Amounts payable | 17/49 | €10,288 | €182 | -€10,106 | -98.2% |
| Amounts payable within one year | 42/48 | €10,288 | €182 | -€10,106 | -98.2% |
| Trade debts | 44 | €10,288 | €182 | -€10,106 | -98.2% |
| Suppliers | 440/4 | €10,288 | €182 | -€10,106 | -98.2% |
| Other operating charges | 640/8 | €30,386 | €31,758 | +€1,372 | +4.5% |
| Gross operating margin | 9900 | €6,886 | €3,950 | -€2,936 | -42.6% |
| Operating profit (loss) | 9901 | -€23,500 | -€27,808 | -€4,308 | -18.3% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €310 | €310 | = | 0.0% |
| Recurring financial charges | 65 | €310 | €310 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,810 | -€28,095 | -€4,285 | -18.0% |
| Profit (loss) for the period | 9904 | -€23,810 | -€28,095 | -€4,285 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,810 | -€28,095 | -€4,285 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.