Elite association group: 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 association group
Largest movements
- Receivables within one year +€186,785
up €186,785 (+59.6%), from €313,504 to €500,289
of which Other amounts receivable: +€131,878
- Receivables after one year +€65,693
up €65,693 (+24.9%), from €264,307 to €330,000
- Cash -€28,200
down €28,200 (-11.4%), from €247,181 to €218,981
mainly Receivables within one year (-€186,785) and Receivables after one year (-€65,693)
- Reserves +€142,755
up €142,755 (+15.0%), from €954,717 to €1.1m
of which Distributable reserves: +€142,755
- Trade debts +€78,844
up €78,844 (+9,735%), from €810 to €79,654
- Financial income +€207,596
up €207,596 (+2,929%), from €7,088 to €214,684
- Gross operating margin -€103,649
down €103,649, from €40,919 to -€62,729
- Taxes -€8,159
down €8,159 (-96.3%), from €8,472 to €314
- Financial charges -€1,139
down €1,139 (-19.4%), from €5,877 to €4,737
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 | €985,698 | €1,211,192 | +€225,495 | +22.9% |
| Fixed assets | 21/28 | €160,510 | €161,856 | +€1,346 | +0.8% |
| Intangible fixed assets | 21 | €2,735 | €487 | -€2,248 | -82.2% |
| Tangible fixed assets | 22/27 | €92,775 | €92,775 | = | 0.0% |
| Land and buildings | 22 | €92,775 | €92,775 | = | 0.0% |
| Financial fixed assets | 28 | €65,000 | €68,594 | +€3,594 | +5.5% |
| Current assets | 29/58 | €825,188 | €1,049,337 | +€224,149 | +27.2% |
| Amounts receivable after more than one year | 29 | €264,307 | €330,000 | +€65,693 | +24.9% |
| Other amounts receivable | 291 | €264,307 | €330,000 | +€65,693 | +24.9% |
| Amounts receivable within one year | 40/41 | €313,504 | €500,289 | +€186,785 | +59.6% |
| Trade receivables | 40 | €47,069 | €101,976 | +€54,907 | +117% |
| Other amounts receivable | 41 | €266,435 | €398,313 | +€131,878 | +49.5% |
| Cash at bank and in hand | 54/58 | €247,181 | €218,981 | -€28,200 | -11.4% |
| Deferred charges and accrued income | 490/1 | €196 | €67 | -€129 | -65.9% |
| Total equity and liabilities | 10/49 | €985,698 | €1,211,192 | +€225,495 | +22.9% |
| Equity | 10/15 | €973,317 | €1,116,072 | +€142,755 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €954,717 | €1,097,472 | +€142,755 | +15.0% |
| Non-distributable reserves | 130/1 | €14,830 | €14,830 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,830 | €14,830 | = | 0.0% |
| Distributable reserves | 133 | €939,887 | €1,082,642 | +€142,755 | +15.2% |
| Amounts payable | 17/49 | €12,381 | €95,120 | +€82,740 | +668% |
| Amounts payable within one year | 42/48 | €12,381 | €95,120 | +€82,740 | +668% |
| Financial debts | 43 | - | €1,680 | +€1,680 | |
| Credit institutions | 430/8 | - | €1,680 | +€1,680 | |
| Trade debts | 44 | €810 | €79,654 | +€78,844 | +9,735% |
| Suppliers | 440/4 | €810 | €79,654 | +€78,844 | +9,735% |
| Taxes, remuneration and social security | 45 | €11,571 | €13,786 | +€2,215 | +19.1% |
| Taxes | 450/3 | €11,571 | €13,786 | +€2,215 | +19.1% |
| Non-recurring operating income | 76A | €801 | €0 | -€801 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,248 | €2,248 | = | 0.0% |
| Other operating charges | 640/8 | €2,111 | €1,900 | -€212 | -10.0% |
| Gross operating margin | 9900 | €40,919 | -€62,729 | -€103,649 | |
| Operating profit (loss) | 9901 | €36,560 | -€66,877 | -€103,437 | |
| Financial income | 75/76B | €7,088 | €214,684 | +€207,596 | +2,929% |
| Recurring financial income | 75 | €7,088 | €214,684 | +€207,596 | +2,929% |
| Financial charges | 65/66B | €5,877 | €4,737 | -€1,139 | -19.4% |
| Recurring financial charges | 65 | €5,877 | €4,737 | -€1,139 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €37,771 | €143,069 | +€105,298 | +279% |
| Income taxes | 67/77 | €8,472 | €314 | -€8,159 | -96.3% |
| Profit (loss) for the period | 9904 | €29,298 | €142,755 | +€113,457 | +387% |
| Profit (loss) for the period to be appropriated | 9905 | €29,298 | €142,755 | +€113,457 | +387% |
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 14 October 2026 via checked.be.