Elite Projects: 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 Projects
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+5884.3%), from €18,499 to €1.1m
of which Contracts in progress: +€1.0m
- Cash -€794,915
down €794,915 (-75.4%), from €1.1m to €259,852
mainly Stocks and contracts (-€1.1m) and Other debts (-€503,060)
- Receivables within one year +€125,697
up €125,697 (+10871.1%), from €1,156 to €126,853
of which Trade receivables: +€116,538
- Advances received +€1.2m
up €1.2m, from €0 to €1.2m
- Other debts -€503,060
down €503,060 (-99.9%), from €503,550 to €490
- Trade debts -€165,506
down €165,506 (-81.5%), from €203,119 to €37,612
- Profit (loss) carried forward -€33,531
down €33,531 (-15.4%), from €217,890 to €184,359
- Accrued charges and deferred income -€31,070
down €31,070 (-93.0%), from €33,422 to €2,352
- Gross operating margin -€381,172
down €381,172, from €368,260 to -€12,912
- Taxes -€72,705
down €72,705 (-100.0%), from €72,705 to €0
- Financial charges -€27,449
down €27,449 (-57.8%), from €47,479 to €20,030
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 | €1,076,243 | €1,496,963 | +€420,720 | +39.1% |
| Current assets | 29/58 | €1,076,243 | €1,496,963 | +€420,720 | +39.1% |
| Stocks and contracts in progress | 3 | €18,499 | €1,107,055 | +€1.1m | +5884.3% |
| Stocks | 30/36 | €18,499 | €68,117 | +€49,617 | +268.2% |
| Contracts in progress | 37 | €0 | €1,038,939 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €1,156 | €126,853 | +€125,697 | +10871.1% |
| Trade receivables | 40 | €1,156 | €117,694 | +€116,538 | +10079.0% |
| Other amounts receivable | 41 | - | €9,159 | +€9,159 | |
| Cash at bank and in hand | 54/58 | €1,054,767 | €259,852 | -€794,915 | -75.4% |
| Deferred charges and accrued income | 490/1 | €1,820 | €3,202 | +€1,382 | +75.9% |
| Total equity and liabilities | 10/49 | €1,076,243 | €1,496,963 | +€420,720 | +39.1% |
| Equity | 10/15 | €226,890 | €193,359 | -€33,531 | -14.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,890 | €184,359 | -€33,531 | -15.4% |
| Amounts payable | 17/49 | €849,353 | €1,303,604 | +€454,251 | +53.5% |
| Amounts payable within one year | 42/48 | €815,931 | €1,301,252 | +€485,321 | +59.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €203,119 | €37,612 | -€165,506 | -81.5% |
| Suppliers | 440/4 | €203,119 | €37,612 | -€165,506 | -81.5% |
| Advances received on contracts in progress | 46 | €0 | €1,153,105 | +€1.2m | |
| Taxes, remuneration and social security | 45 | €109,262 | €110,044 | +€782 | +0.7% |
| Taxes | 450/3 | €109,262 | €110,044 | +€782 | +0.7% |
| Other amounts payable | 47/48 | €503,550 | €490 | -€503,060 | -99.9% |
| Accrued charges and deferred income | 492/3 | €33,422 | €2,352 | -€31,070 | -93.0% |
| Other operating charges | 640/8 | €505 | €589 | +€84 | +16.5% |
| Gross operating margin | 9900 | €368,260 | -€12,912 | -€381,172 | |
| Operating profit (loss) | 9901 | €367,755 | -€13,501 | -€381,256 | |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.7% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.7% |
| Financial charges | 65/66B | €47,479 | €20,030 | -€27,449 | -57.8% |
| Recurring financial charges | 65 | €47,479 | €20,030 | -€27,449 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €320,313 | -€33,531 | -€353,844 | |
| Income taxes | 67/77 | €72,705 | €0 | -€72,705 | -100.0% |
| Profit (loss) for the period | 9904 | €247,608 | -€33,531 | -€281,139 | |
| Profit (loss) for the period to be appropriated | 9905 | €247,608 | -€33,531 | -€281,139 |
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.