ELITE TOLGA: what changed
ELITE TOLGA
Largest movements
- Tangible fixed assets +€30,309
up €30,309 (+10,886%), from €278 to €30,587
- Cash +€17,435
up €17,435 (+68.5%), from €25,459 to €42,895
mainly Net result for the year (+€56,540) and Depreciation (+€15,485)
- Receivables within one year +€9,293
up €9,293 (+19.9%), from €46,748 to €56,041
of which Trade receivables: +€6,570
- Intangible fixed assets -€6,000
no longer reported in 2025 (was €6,000)
- Deferred charges and accrued income -€3,842
down €3,842 (-53.6%), from €7,171 to €3,329
- Profit (loss) carried forward +€56,540
up €56,540 (+73.9%), from €76,476 to €133,017
- Trade debts -€20,478
down €20,478 (-34.1%), from €60,119 to €39,641
- Tax, wage and social debts +€13,764
up €13,764 (+62.4%), from €22,062 to €35,826
of which Taxes: +€10,475
- Gross operating margin +€56,959
up €56,959 (+94.3%), from €60,391 to €117,351
- Staff costs +€15,945
up €15,945 (+371%), from €4,300 to €20,245
- Depreciation +€8,289
up €8,289 (+115%), from €7,196 to €15,485
- Taxes +€7,342
up €7,342 (+55.2%), from €13,309 to €20,651
- Other operating charges +€3,499
up €3,499 (+120%), from €2,917 to €6,417
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,352 | €222,233 | +€49,881 | +28.9% |
| Fixed assets | 21/28 | €6,641 | €30,950 | +€24,309 | +366% |
| Intangible fixed assets | 21 | €6,000 | - | -€6,000 | |
| Tangible fixed assets | 22/27 | €278 | €30,587 | +€30,309 | +10,886% |
| Furniture and vehicles | 24 | €278 | €30,587 | +€30,309 | +10,886% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €165,711 | €191,283 | +€25,572 | +15.4% |
| Stocks and contracts in progress | 3 | €86,332 | €89,018 | +€2,686 | +3.1% |
| Stocks | 30/36 | €86,332 | €89,018 | +€2,686 | +3.1% |
| Amounts receivable within one year | 40/41 | €46,748 | €56,041 | +€9,293 | +19.9% |
| Trade receivables | 40 | €11,403 | €17,974 | +€6,570 | +57.6% |
| Other amounts receivable | 41 | €35,345 | €38,068 | +€2,723 | +7.7% |
| Cash at bank and in hand | 54/58 | €25,459 | €42,895 | +€17,435 | +68.5% |
| Deferred charges and accrued income | 490/1 | €7,171 | €3,329 | -€3,842 | -53.6% |
| Total equity and liabilities | 10/49 | €172,352 | €222,233 | +€49,881 | +28.9% |
| Equity | 10/15 | €86,476 | €143,017 | +€56,540 | +65.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,476 | €133,017 | +€56,540 | +73.9% |
| Amounts payable | 17/49 | €85,876 | €79,216 | -€6,659 | -7.8% |
| Amounts payable within one year | 42/48 | €85,876 | €79,216 | -€6,659 | -7.8% |
| Financial debts | 43 | €3,695 | €3,750 | +€55 | +1.5% |
| Credit institutions | 430/8 | €3,695 | €3,750 | +€55 | +1.5% |
| Trade debts | 44 | €60,119 | €39,641 | -€20,478 | -34.1% |
| Suppliers | 440/4 | €60,119 | €39,641 | -€20,478 | -34.1% |
| Taxes, remuneration and social security | 45 | €22,062 | €35,826 | +€13,764 | +62.4% |
| Taxes | 450/3 | €19,636 | €30,112 | +€10,475 | +53.3% |
| Remuneration and social security | 454/9 | €2,425 | €5,714 | +€3,289 | +136% |
| Remuneration, social security and pensions | 62 | €4,300 | €20,245 | +€15,945 | +371% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,196 | €15,485 | +€8,289 | +115% |
| Other operating charges | 640/8 | €2,917 | €6,417 | +€3,499 | +120% |
| Gross operating margin | 9900 | €60,391 | €117,351 | +€56,959 | +94.3% |
| Operating profit (loss) | 9901 | €45,978 | €75,205 | +€29,226 | +63.6% |
| Financial income | 75/76B | €3,866 | €5,924 | +€2,058 | +53.2% |
| Recurring financial income | 75 | €3,866 | €5,924 | +€2,058 | +53.2% |
| Financial charges | 65/66B | €3,974 | €3,937 | -€37 | -0.9% |
| Recurring financial charges | 65 | €3,974 | €3,937 | -€37 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €45,870 | €77,192 | +€31,321 | +68.3% |
| Income taxes | 67/77 | €13,309 | €20,651 | +€7,342 | +55.2% |
| Profit (loss) for the period | 9904 | €32,561 | €56,540 | +€23,979 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,561 | €56,540 | +€23,979 | +73.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.