ELITE & CO: 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 & CO
Largest movements
- Receivables within one year +€146,486
up €146,486 (+404.0%), from €36,260 to €182,746
of which Other amounts receivable: +€142,522
- Cash -€32,914
down €32,914 (-34.3%), from €95,947 to €63,033
mainly Receivables within one year (-€146,486) and Debts after one year (-€11,562)
- Tangible fixed assets -€17,778
down €17,778 (-32.5%), from €54,670 to €36,892
of which Furniture and vehicles: -€17,303
- Reserves +€99,817
up €99,817 (+73.7%), from €135,439 to €235,256
of which Distributable reserves: +€99,817
- Debts after one year -€11,562
down €11,562 (-53.6%), from €21,562 to €10,000
- Tax, wage and social debts +€10,367
up €10,367 (+174.8%), from €5,932 to €16,300
of which Taxes: +€10,367
- Current portion of long-term debt -€3,095
down €3,095 (-21.1%), from €14,657 to €11,562
- Gross operating margin +€49,277
up €49,277 (+44.9%), from €109,675 to €158,952
- Taxes +€10,147
up €10,147 (+30.4%), from €33,405 to €43,552
- Financial income +€4,346
up €4,346 (+757.4%), from €574 to €4,920
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 | €188,928 | €284,799 | +€95,870 | +50.7% |
| Fixed assets | 21/28 | €54,670 | €36,892 | -€17,778 | -32.5% |
| Tangible fixed assets | 22/27 | €54,670 | €36,892 | -€17,778 | -32.5% |
| Plant, machinery and equipment | 23 | €1,988 | €1,513 | -€475 | -23.9% |
| Furniture and vehicles | 24 | €52,681 | €35,379 | -€17,303 | -32.8% |
| Current assets | 29/58 | €134,259 | €247,907 | +€113,648 | +84.6% |
| Amounts receivable within one year | 40/41 | €36,260 | €182,746 | +€146,486 | +404.0% |
| Trade receivables | 40 | €15,740 | €19,703 | +€3,964 | +25.2% |
| Other amounts receivable | 41 | €20,520 | €163,043 | +€142,522 | +694.5% |
| Cash at bank and in hand | 54/58 | €95,947 | €63,033 | -€32,914 | -34.3% |
| Deferred charges and accrued income | 490/1 | €2,052 | €2,128 | +€77 | +3.7% |
| Total equity and liabilities | 10/49 | €188,928 | €284,799 | +€95,870 | +50.7% |
| Equity | 10/15 | €143,656 | €243,473 | +€99,817 | +69.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,439 | €235,256 | +€99,817 | +73.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Distributable reserves | 133 | €135,439 | €235,256 | +€99,817 | +73.7% |
| Profit (loss) carried forward | 14 | €2,017 | €2,017 | = | 0.0% |
| Amounts payable | 17/49 | €45,272 | €41,325 | -€3,947 | -8.7% |
| Amounts payable after more than one year | 17 | €21,562 | €10,000 | -€11,562 | -53.6% |
| Financial debts | 170/4 | €21,562 | €10,000 | -€11,562 | -53.6% |
| Amounts payable within one year | 42/48 | €23,710 | €31,025 | +€7,315 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €14,657 | €11,562 | -€3,095 | -21.1% |
| Trade debts | 44 | €3,121 | €3,163 | +€43 | +1.4% |
| Suppliers | 440/4 | €3,121 | €3,163 | +€43 | +1.4% |
| Taxes, remuneration and social security | 45 | €5,932 | €16,300 | +€10,367 | +174.8% |
| Taxes | 450/3 | €5,932 | €16,300 | +€10,367 | +174.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,421 | €17,778 | +€357 | +2.0% |
| Other operating charges | 640/8 | €878 | €999 | +€121 | +13.7% |
| Gross operating margin | 9900 | €109,675 | €158,952 | +€49,277 | +44.9% |
| Operating profit (loss) | 9901 | €91,376 | €140,176 | +€48,799 | +53.4% |
| Financial income | 75/76B | €574 | €4,920 | +€4,346 | +757.4% |
| Recurring financial income | 75 | €574 | €4,920 | +€4,346 | +757.4% |
| Financial charges | 65/66B | €2,366 | €1,726 | -€640 | -27.0% |
| Recurring financial charges | 65 | €2,366 | €1,726 | -€640 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €89,584 | €143,369 | +€53,785 | +60.0% |
| Income taxes | 67/77 | €33,405 | €43,552 | +€10,147 | +30.4% |
| Profit (loss) for the period | 9904 | €56,179 | €99,817 | +€43,638 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,179 | €99,817 | +€43,638 | +77.7% |
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.