Elite 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 Group
Largest movements
- Tangible fixed assets -€22,995
down €22,995 (-99.6%), from €23,089 to €94
- Receivables within one year +€15,252
up €15,252 (+119%), from €12,866 to €28,118
of which Trade receivables: +€13,777
- Debts after one year +€295,183
new in 2024: €295,183
- Other debts -€284,844
down €284,844 (-96.0%), from €296,826 to €11,982
- Profit (loss) carried forward -€33,453
down €33,453 (-13.5%), from -€247,952 to -€281,405
- Trade debts +€15,614
up €15,614 (+981%), from €1,592 to €17,206
- Gross operating margin -€12,396
down €12,396 (-128%), from -€9,667 to -€22,063
- Other operating charges +€9,547
up €9,547 (+4,468%), from €214 to €9,760
- Depreciation -€5,998
down €5,998 (-84.0%), from €7,137 to €1,139
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 | €53,566 | €46,033 | -€7,532 | -14.1% |
| Fixed assets | 21/28 | €23,089 | €94 | -€22,995 | -99.6% |
| Tangible fixed assets | 22/27 | €23,089 | €94 | -€22,995 | -99.6% |
| Furniture and vehicles | 24 | €23,089 | €94 | -€22,995 | -99.6% |
| Current assets | 29/58 | €30,477 | €45,939 | +€15,463 | +50.7% |
| Amounts receivable within one year | 40/41 | €12,866 | €28,118 | +€15,252 | +119% |
| Trade receivables | 40 | €5,869 | €19,645 | +€13,777 | +235% |
| Other amounts receivable | 41 | €6,998 | €8,473 | +€1,475 | +21.1% |
| Cash at bank and in hand | 54/58 | €17,611 | €17,611 | +€1 | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €210 | +€210 | |
| Total equity and liabilities | 10/49 | €53,566 | €46,033 | -€7,532 | -14.1% |
| Equity | 10/15 | -€244,952 | -€278,405 | -€33,453 | -13.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,952 | -€281,405 | -€33,453 | -13.5% |
| Amounts payable | 17/49 | €298,518 | €324,438 | +€25,921 | +8.7% |
| Amounts payable after more than one year | 17 | - | €295,183 | +€295,183 | |
| Other amounts payable | 178/9 | - | €295,183 | +€295,183 | |
| Amounts payable within one year | 42/48 | €298,518 | €29,255 | -€269,262 | -90.2% |
| Trade debts | 44 | €1,592 | €17,206 | +€15,614 | +981% |
| Suppliers | 440/4 | €1,592 | €17,206 | +€15,614 | +981% |
| Taxes, remuneration and social security | 45 | €100 | €68 | -€32 | -31.9% |
| Taxes | 450/3 | €100 | €68 | -€32 | -31.9% |
| Other amounts payable | 47/48 | €296,826 | €11,982 | -€284,844 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,137 | €1,139 | -€5,998 | -84.0% |
| Other operating charges | 640/8 | €214 | €9,760 | +€9,547 | +4,468% |
| Gross operating margin | 9900 | -€9,667 | -€22,063 | -€12,396 | -128% |
| Operating profit (loss) | 9901 | -€17,018 | -€32,962 | -€15,945 | -93.7% |
| Financial charges | 65/66B | €490 | €423 | -€67 | -13.7% |
| Recurring financial charges | 65 | €490 | €423 | -€67 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,508 | -€33,385 | -€15,877 | -90.7% |
| Income taxes | 67/77 | €100 | €68 | -€32 | -31.9% |
| Profit (loss) for the period | 9904 | -€17,608 | -€33,453 | -€15,845 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,608 | -€33,453 | -€15,845 | -90.0% |
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 17 October 2026 via checked.be.