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
- Receivables within one year -€19,915
down €19,915 (-52.8%), from €37,690 to €17,775
of which Trade receivables: -€24,055
- Tangible fixed assets -€11,405
down €11,405 (-9.1%), from €125,452 to €114,048
- Deferred charges and accrued income +€1,770
new in 2025: €1,770
- Advances received -€36,300
down €36,300 (-100%), from €36,300 to €0
- Current portion of long-term debt -€12,069
down €12,069 (-100%), from €12,069 to €0
- Reserves +€10,708
up €10,708 (+30.5%), from €35,162 to €45,869
- Tax, wage and social debts +€9,963
up €9,963 (+329%), from €3,027 to €12,990
- Other debts +€3,046
up €3,046 (+6.2%), from €49,083 to €52,130
- Gross operating margin +€2,895
up €2,895 (+10.7%), from €27,175 to €30,070
- Taxes +€1,300
up €1,300 (+50.0%), from €2,598 to €3,898
- Financial charges -€1,166
down €1,166 (-48.4%), from €2,412 to €1,245
- Other operating charges -€1,011
down €1,011 (-26.4%), from €3,826 to €2,815
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 | €163,399 | €133,909 | -€29,490 | -18.0% |
| Fixed assets | 21/28 | €125,452 | €114,048 | -€11,405 | -9.1% |
| Tangible fixed assets | 22/27 | €125,452 | €114,048 | -€11,405 | -9.1% |
| Land and buildings | 22 | €125,452 | €114,048 | -€11,405 | -9.1% |
| Current assets | 29/58 | €37,946 | €19,861 | -€18,085 | -47.7% |
| Amounts receivable within one year | 40/41 | €37,690 | €17,775 | -€19,915 | -52.8% |
| Trade receivables | 40 | €37,690 | €13,635 | -€24,055 | -63.8% |
| Other amounts receivable | 41 | - | €4,140 | +€4,140 | |
| Cash at bank and in hand | 54/58 | €256 | €316 | +€60 | +23.3% |
| Deferred charges and accrued income | 490/1 | - | €1,770 | +€1,770 | |
| Total equity and liabilities | 10/49 | €163,399 | €133,909 | -€29,490 | -18.0% |
| Equity | 10/15 | €53,762 | €64,469 | +€10,708 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,162 | €45,869 | +€10,708 | +30.5% |
| Distributable reserves | 133 | €35,162 | €45,869 | +€10,708 | +30.5% |
| Amounts payable | 17/49 | €109,637 | €69,440 | -€40,198 | -36.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €109,637 | €69,440 | -€40,198 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €12,069 | €0 | -€12,069 | -100% |
| Financial debts | 43 | €5,655 | €3,782 | -€1,873 | -33.1% |
| Credit institutions | 430/8 | €5,655 | €3,782 | -€1,873 | -33.1% |
| Trade debts | 44 | €3,502 | €538 | -€2,964 | -84.6% |
| Suppliers | 440/4 | €3,502 | €538 | -€2,964 | -84.6% |
| Advances received on contracts in progress | 46 | €36,300 | €0 | -€36,300 | -100% |
| Taxes, remuneration and social security | 45 | €3,027 | €12,990 | +€9,963 | +329% |
| Taxes | 450/3 | €3,027 | €12,990 | +€9,963 | +329% |
| Other amounts payable | 47/48 | €49,083 | €52,130 | +€3,046 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,405 | €11,405 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,826 | €2,815 | -€1,011 | -26.4% |
| Gross operating margin | 9900 | €27,175 | €30,070 | +€2,895 | +10.7% |
| Operating profit (loss) | 9901 | €11,945 | €15,851 | +€3,906 | +32.7% |
| Financial charges | 65/66B | €2,412 | €1,245 | -€1,166 | -48.4% |
| Recurring financial charges | 65 | €2,412 | €1,245 | -€1,166 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €9,533 | €14,605 | +€5,072 | +53.2% |
| Income taxes | 67/77 | €2,598 | €3,898 | +€1,300 | +50.0% |
| Profit (loss) for the period | 9904 | €6,935 | €10,708 | +€3,772 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,935 | €10,708 | +€3,772 | +54.4% |
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 17 October 2026 via checked.be.