ELITE VIDEO: 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 VIDEO
Largest movements
- Cash +€174,644
up €174,644 (+241%), from €72,570 to €247,214
mainly Current investments (+€125,000) and Net result for the year (+€69,403)
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Tangible fixed assets -€51,579
down €51,579 (-16.3%), from €316,374 to €264,795
of which Land and buildings: -€44,308
- Stocks and contracts +€30,597
up €30,597 (+22.4%), from €136,335 to €166,932
- Receivables within one year +€20,332
up €20,332 (+31.9%), from €63,757 to €84,089
of which Trade receivables: +€14,636
- Reserves +€69,403
up €69,403 (+12.0%), from €577,902 to €647,306
of which Distributable reserves: +€69,403
- Current portion of long-term debt -€20,145
down €20,145 (-78.5%), from €25,652 to €5,507
- Gross operating margin +€26,596
up €26,596 (+14.1%), from €189,178 to €215,773
- Taxes +€9,353
up €9,353 (+52.0%), from €17,978 to €27,330
- Financial income +€5,387
up €5,387 (+557%), from €967 to €6,354
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 | €724,673 | €773,667 | +€48,994 | +6.8% |
| Fixed assets | 21/28 | €317,011 | €265,432 | -€51,579 | -16.3% |
| Tangible fixed assets | 22/27 | €316,374 | €264,795 | -€51,579 | -16.3% |
| Land and buildings | 22 | €266,723 | €222,415 | -€44,308 | -16.6% |
| Plant, machinery and equipment | 23 | €6,154 | €4,058 | -€2,097 | -34.1% |
| Furniture and vehicles | 24 | €43,497 | €38,322 | -€5,175 | -11.9% |
| Financial fixed assets | 28 | €637 | €637 | = | 0.0% |
| Current assets | 29/58 | €407,662 | €508,235 | +€100,573 | +24.7% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €136,335 | €166,932 | +€30,597 | +22.4% |
| Stocks | 30/36 | €136,335 | €166,932 | +€30,597 | +22.4% |
| Amounts receivable within one year | 40/41 | €63,757 | €84,089 | +€20,332 | +31.9% |
| Trade receivables | 40 | €6,322 | €20,958 | +€14,636 | +232% |
| Other amounts receivable | 41 | €57,435 | €63,131 | +€5,696 | +9.9% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €72,570 | €247,214 | +€174,644 | +241% |
| Total equity and liabilities | 10/49 | €724,673 | €773,667 | +€48,994 | +6.8% |
| Equity | 10/15 | €596,502 | €665,906 | +€69,403 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €577,902 | €647,306 | +€69,403 | +12.0% |
| Tax-exempt reserves | 132 | €15,212 | €15,212 | = | 0.0% |
| Distributable reserves | 133 | €562,690 | €632,094 | +€69,403 | +12.3% |
| Amounts payable | 17/49 | €128,171 | €107,761 | -€20,410 | -15.9% |
| Amounts payable after more than one year | 17 | €5,507 | - | -€5,507 | |
| Financial debts | 170/4 | €5,507 | - | -€5,507 | |
| Amounts payable within one year | 42/48 | €122,664 | €107,761 | -€14,903 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €25,652 | €5,507 | -€20,145 | -78.5% |
| Financial debts | 43 | €21 | - | -€21 | |
| Credit institutions | 430/8 | €21 | - | -€21 | |
| Trade debts | 44 | €69,646 | €74,388 | +€4,742 | +6.8% |
| Suppliers | 440/4 | €69,646 | €74,388 | +€4,742 | +6.8% |
| Taxes, remuneration and social security | 45 | €21,807 | €22,328 | +€521 | +2.4% |
| Taxes | 450/3 | €14,208 | €14,588 | +€380 | +2.7% |
| Remuneration and social security | 454/9 | €7,598 | €7,740 | +€142 | +1.9% |
| Other amounts payable | 47/48 | €5,539 | €5,539 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €56,063 | €57,214 | +€1,151 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,486 | €60,955 | -€532 | -0.9% |
| Other operating charges | 640/8 | €5,337 | €5,346 | +€8 | +0.2% |
| Gross operating margin | 9900 | €189,178 | €215,773 | +€26,596 | +14.1% |
| Operating profit (loss) | 9901 | €66,291 | €92,259 | +€25,968 | +39.2% |
| Financial income | 75/76B | €967 | €6,354 | +€5,387 | +557% |
| Recurring financial income | 75 | €967 | €6,354 | +€5,387 | +557% |
| Financial charges | 65/66B | €3,586 | €1,880 | -€1,706 | -47.6% |
| Recurring financial charges | 65 | €3,586 | €1,880 | -€1,706 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €63,672 | €96,734 | +€33,061 | +51.9% |
| Income taxes | 67/77 | €17,978 | €27,330 | +€9,353 | +52.0% |
| Profit (loss) for the period | 9904 | €45,695 | €69,403 | +€23,709 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,695 | €69,403 | +€23,709 | +51.9% |
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 21 October 2026 via checked.be.