ELITE DECO: 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 DECO
Largest movements
- Current investments +€75,000
up €75,000 (+37.5%), from €200,106 to €275,106
- Tangible fixed assets -€38,206
down €38,206 (-14.1%), from €271,401 to €233,195
- Receivables within one year +€19,123
up €19,123 (+201%), from €9,508 to €28,631
- Cash +€10,208
up €10,208 (+23.1%), from €44,131 to €54,339
mainly Net result for the year (+€47,038) and Depreciation (+€44,806)
- Reserves +€46,000
up €46,000 (+10.1%), from €457,000 to €503,000
- Tax, wage and social debts +€15,115
up €15,115 (+417%), from €3,625 to €18,740
of which Remuneration and social security: +€13,140
- Trade debts +€14,749
up €14,749 (+5,761%), from €256 to €15,005
- Debts after one year -€12,323
down €12,323 (-30.6%), from €40,300 to €27,977
- Gross operating margin -€36,554
down €36,554 (-25.3%), from €144,400 to €107,845
- Taxes -€8,032
down €8,032 (-27.7%), from €28,995 to €20,963
- Financial income -€3,757
down €3,757 (-41.5%), from €9,058 to €5,302
of which Non-recurring financial income: -€4,959
- Depreciation +€3,273
up €3,273 (+7.9%), from €41,533 to €44,806
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 | €526,693 | €591,271 | +€64,578 | +12.3% |
| Fixed assets | 21/28 | €271,401 | €233,195 | -€38,206 | -14.1% |
| Tangible fixed assets | 22/27 | €271,401 | €233,195 | -€38,206 | -14.1% |
| Land and buildings | 22 | €96,400 | €87,425 | -€8,975 | -9.3% |
| Plant, machinery and equipment | 23 | - | €6,490 | +€6,490 | |
| Furniture and vehicles | 24 | €55,545 | €38,518 | -€17,026 | -30.7% |
| Other tangible fixed assets | 26 | €119,456 | €100,761 | -€18,694 | -15.6% |
| Current assets | 29/58 | €255,293 | €358,076 | +€102,784 | +40.3% |
| Amounts receivable within one year | 40/41 | €9,508 | €28,631 | +€19,123 | +201% |
| Other amounts receivable | 41 | €9,508 | €28,631 | +€19,123 | +201% |
| Current investments | 50/53 | €200,106 | €275,106 | +€75,000 | +37.5% |
| Cash at bank and in hand | 54/58 | €44,131 | €54,339 | +€10,208 | +23.1% |
| Deferred charges and accrued income | 490/1 | €1,547 | - | -€1,547 | |
| Total equity and liabilities | 10/49 | €526,693 | €591,271 | +€64,578 | +12.3% |
| Equity | 10/15 | €482,512 | €529,550 | +€47,038 | +9.7% |
| Contributions | 10/11 | €20,625 | €20,625 | = | 0.0% |
| Reserves | 13 | €457,000 | €503,000 | +€46,000 | +10.1% |
| Distributable reserves | 133 | €457,000 | €503,000 | +€46,000 | +10.1% |
| Profit (loss) carried forward | 14 | €4,887 | €5,925 | +€1,038 | +21.2% |
| Amounts payable | 17/49 | €44,181 | €61,721 | +€17,540 | +39.7% |
| Amounts payable after more than one year | 17 | €40,300 | €27,977 | -€12,323 | -30.6% |
| Other amounts payable | 178/9 | €40,300 | €27,977 | -€12,323 | -30.6% |
| Amounts payable within one year | 42/48 | €3,881 | €33,745 | +€29,864 | +769% |
| Trade debts | 44 | €256 | €15,005 | +€14,749 | +5,761% |
| Suppliers | 440/4 | €256 | €15,005 | +€14,749 | +5,761% |
| Taxes, remuneration and social security | 45 | €3,625 | €18,740 | +€15,115 | +417% |
| Taxes | 450/3 | €3,625 | €5,600 | +€1,975 | +54.5% |
| Remuneration and social security | 454/9 | - | €13,140 | +€13,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,533 | €44,806 | +€3,273 | +7.9% |
| Other operating charges | 640/8 | €821 | €280 | -€541 | -65.9% |
| Gross operating margin | 9900 | €144,400 | €107,845 | -€36,554 | -25.3% |
| Operating profit (loss) | 9901 | €102,046 | €62,760 | -€39,286 | -38.5% |
| Financial income | 75/76B | €9,058 | €5,302 | -€3,757 | -41.5% |
| Recurring financial income | 75 | €4,100 | €5,302 | +€1,202 | +29.3% |
| Non-recurring financial income | 76B | €4,959 | - | -€4,959 | |
| Financial charges | 65/66B | €0 | €60 | +€60 | +23,004% |
| Recurring financial charges | 65 | €0 | €60 | +€60 | +23,004% |
| Profit (loss) for the period before taxes | 9903 | €111,104 | €68,001 | -€43,103 | -38.8% |
| Income taxes | 67/77 | €28,995 | €20,963 | -€8,032 | -27.7% |
| Profit (loss) for the period | 9904 | €82,109 | €47,038 | -€35,071 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,109 | €47,038 | -€35,071 | -42.7% |
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 20 October 2026 via checked.be.