ELITE FUND: 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 FUND
Largest movements
- Current investments +€539,371
up €539,371 (+16.0%), from €3.4m to €3.9m
- Cash -€48,079
down €48,079 (-33.9%), from €141,880 to €93,801
mainly Current investments (-€539,371) and Investment in fixed assets (net) (-€43,335)
- Debts after one year +€541,698
up €541,698 (+15.6%), from €3.5m to €4.0m
of which Other amounts payable: +€522,653
- Financial income -€39,153
down €39,153 (-77.7%), from €50,387 to €11,234
- Gross operating margin -€20,744
down €20,744, from €4,844 to -€15,900
- Financial charges -€12,951
down €12,951 (-69.0%), from €18,780 to €5,829
- Depreciation +€10,852
up €10,852 (+578%), from €1,878 to €12,731
- Taxes -€8,133
down €8,133 (-99.2%), from €8,201 to €68
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,543,650 | €4,058,807 | +€515,157 | +14.5% |
| Fixed assets | 21/28 | €10,827 | €41,431 | +€30,604 | +283% |
| Intangible fixed assets | 21 | €10,827 | €19,610 | +€8,783 | +81.1% |
| Tangible fixed assets | 22/27 | - | €21,821 | +€21,821 | |
| Furniture and vehicles | 24 | - | €21,821 | +€21,821 | |
| Current assets | 29/58 | €3,532,824 | €4,017,376 | +€484,552 | +13.7% |
| Amounts receivable within one year | 40/41 | €20,145 | €12,381 | -€7,764 | -38.5% |
| Other amounts receivable | 41 | €20,145 | €12,381 | -€7,764 | -38.5% |
| Current investments | 50/53 | €3,370,799 | €3,910,170 | +€539,371 | +16.0% |
| Cash at bank and in hand | 54/58 | €141,880 | €93,801 | -€48,079 | -33.9% |
| Deferred charges and accrued income | 490/1 | - | €1,024 | +€1,024 | |
| Total equity and liabilities | 10/49 | €3,543,650 | €4,058,807 | +€515,157 | +14.5% |
| Equity | 10/15 | €47,483 | €23,063 | -€24,420 | -51.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €12,000 | -€25,000 | -67.6% |
| Distributable reserves | 133 | €37,000 | €12,000 | -€25,000 | -67.6% |
| Profit (loss) carried forward | 14 | €483 | €1,063 | +€580 | +120% |
| Amounts payable | 17/49 | €3,496,167 | €4,035,744 | +€539,577 | +15.4% |
| Amounts payable after more than one year | 17 | €3,477,357 | €4,019,055 | +€541,698 | +15.6% |
| Financial debts | 170/4 | - | €19,046 | +€19,046 | |
| Other amounts payable | 178/9 | €3,477,357 | €4,000,010 | +€522,653 | +15.0% |
| Amounts payable within one year | 42/48 | €8,711 | €7,654 | -€1,057 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,397 | +€6,397 | |
| Trade debts | 44 | €218 | €1,189 | +€971 | +446% |
| Suppliers | 440/4 | €218 | €1,189 | +€971 | +446% |
| Taxes, remuneration and social security | 45 | €8,201 | €68 | -€8,133 | -99.2% |
| Taxes | 450/3 | €8,201 | €68 | -€8,133 | -99.2% |
| Other amounts payable | 47/48 | €293 | - | -€293 | |
| Accrued charges and deferred income | 492/3 | €10,099 | €9,035 | -€1,064 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,878 | €12,731 | +€10,852 | +578% |
| Other operating charges | 640/8 | €960 | €1,127 | +€166 | +17.3% |
| Gross operating margin | 9900 | €4,844 | -€15,900 | -€20,744 | |
| Operating profit (loss) | 9901 | €2,006 | -€29,757 | -€31,763 | |
| Financial income | 75/76B | €50,387 | €11,234 | -€39,153 | -77.7% |
| Recurring financial income | 75 | €50,387 | €11,234 | -€39,153 | -77.7% |
| Financial charges | 65/66B | €18,780 | €5,829 | -€12,951 | -69.0% |
| Recurring financial charges | 65 | €18,780 | €5,829 | -€12,951 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €33,613 | -€24,352 | -€57,965 | |
| Income taxes | 67/77 | €8,201 | €68 | -€8,133 | -99.2% |
| Profit (loss) for the period | 9904 | €25,412 | -€24,420 | -€49,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,412 | -€24,420 | -€49,832 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.