Elite-International: 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-International
Largest movements
- Receivables within one year -€250,365
down €250,365 (-69.0%), from €362,605 to €112,240
of which Trade receivables: -€177,407
- Cash +€144,613
up €144,613 (+15.6%), from €924,277 to €1.1m
mainly Net result for the year (+€576,084) and Tax, wage and social debts (+€284,940)
- Tangible fixed assets +€121,494
up €121,494 (+636%), from €19,117 to €140,611
of which Furniture and vehicles: +€75,800
- Intangible fixed assets +€57,642
up €57,642 (+805%), from €7,159 to €64,800
- Trade debts -€573,859
down €573,859 (-59.0%), from €971,906 to €398,048
- Tax, wage and social debts +€284,940
up €284,940 (+176%), from €161,574 to €446,514
of which Taxes: +€248,202
- Reserves +€179,025
up €179,025 (+36.0%), from €497,554 to €676,579
- Other debts +€167,926
new in 2025: €167,926
- Gross operating margin +€290,609
up €290,609 (+41.4%), from €702,527 to €993,136
- Staff costs +€130,880
up €130,880 (+548%), from €23,867 to €154,747
- Taxes +€48,309
up €48,309 (+30.5%), from €158,400 to €206,710
- Depreciation +€37,960
up €37,960 (+3,986%), from €952 to €38,912
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 | €1,637,233 | €1,694,706 | +€57,472 | +3.5% |
| Fixed assets | 21/28 | €26,276 | €205,411 | +€179,136 | +682% |
| Intangible fixed assets | 21 | €7,159 | €64,800 | +€57,642 | +805% |
| Tangible fixed assets | 22/27 | €19,117 | €140,611 | +€121,494 | +636% |
| Plant, machinery and equipment | 23 | - | €6,049 | +€6,049 | |
| Furniture and vehicles | 24 | €2,117 | €77,917 | +€75,800 | +3,580% |
| Other tangible fixed assets | 26 | €17,000 | €56,645 | +€39,645 | +233% |
| Current assets | 29/58 | €1,610,958 | €1,489,294 | -€121,663 | -7.6% |
| Amounts receivable within one year | 40/41 | €362,605 | €112,240 | -€250,365 | -69.0% |
| Trade receivables | 40 | €287,849 | €110,442 | -€177,407 | -61.6% |
| Other amounts receivable | 41 | €74,756 | €1,798 | -€72,958 | -97.6% |
| Cash at bank and in hand | 54/58 | €924,277 | €1,068,891 | +€144,613 | +15.6% |
| Deferred charges and accrued income | 490/1 | €324,075 | €308,164 | -€15,911 | -4.9% |
| Total equity and liabilities | 10/49 | €1,637,233 | €1,694,706 | +€57,472 | +3.5% |
| Equity | 10/15 | €501,554 | €680,579 | +€179,025 | +35.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €497,554 | €676,579 | +€179,025 | +36.0% |
| Distributable reserves | 133 | €497,554 | €676,579 | +€179,025 | +36.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,135,679 | €1,014,127 | -€121,552 | -10.7% |
| Amounts payable within one year | 42/48 | €1,134,690 | €1,014,127 | -€120,563 | -10.6% |
| Financial debts | 43 | €1,210 | €0 | -€1,210 | -100% |
| Credit institutions | 430/8 | €1,210 | €0 | -€1,210 | -100% |
| Trade debts | 44 | €971,906 | €398,048 | -€573,859 | -59.0% |
| Suppliers | 440/4 | €971,906 | €398,048 | -€573,859 | -59.0% |
| Advances received on contracts in progress | 46 | - | €1,639 | +€1,639 | |
| Taxes, remuneration and social security | 45 | €161,574 | €446,514 | +€284,940 | +176% |
| Taxes | 450/3 | €158,418 | €406,619 | +€248,202 | +157% |
| Remuneration and social security | 454/9 | €3,156 | €39,895 | +€36,739 | +1,164% |
| Other amounts payable | 47/48 | - | €167,926 | +€167,926 | |
| Accrued charges and deferred income | 492/3 | €989 | €0 | -€989 | -100% |
| Remuneration, social security and pensions | 62 | €23,867 | €154,747 | +€130,880 | +548% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €38,912 | +€37,960 | +3,986% |
| Other operating charges | 640/8 | €2,497 | €1,976 | -€521 | -20.9% |
| Gross operating margin | 9900 | €702,527 | €993,136 | +€290,609 | +41.4% |
| Operating profit (loss) | 9901 | €675,210 | €797,501 | +€122,291 | +18.1% |
| Financial income | 75/76B | €774 | €0 | -€774 | -100% |
| Recurring financial income | 75 | €774 | €0 | -€774 | -100% |
| Financial charges | 65/66B | €22,468 | €14,708 | -€7,760 | -34.5% |
| Recurring financial charges | 65 | €22,468 | €14,708 | -€7,760 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €653,517 | €782,794 | +€129,277 | +19.8% |
| Income taxes | 67/77 | €158,400 | €206,710 | +€48,309 | +30.5% |
| Profit (loss) for the period | 9904 | €495,116 | €576,084 | +€80,967 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €495,116 | €576,084 | +€80,967 | +16.4% |
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 26 October 2026 via checked.be.