ELITIST PROPERTIES: 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.
ELITIST PROPERTIES
Largest movements
- Receivables within one year -€55,466
down €55,466 (-95.3%), from €58,203 to €2,737
- Tangible fixed assets -€51,620
down €51,620 (-2.3%), from €2.2m to €2.2m
of which Land and buildings: -€37,853
- Other debts -€85,538
down €85,538 (-6.2%), from €1.4m to €1.3m
- Tax, wage and social debts -€23,880
down €23,880 (-81.2%), from €29,412 to €5,532
- Gross operating margin +€43,621
up €43,621 (+113%), from €38,490 to €82,111
- Depreciation +€34,644
up €34,644 (+204%), from €16,976 to €51,620
- Financial charges +€18,050
up €18,050 (+192%), from €9,395 to €27,445
- Other operating charges +€9,569
up €9,569 (+80.4%), from €11,902 to €21,472
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 | €2,280,741 | €2,173,501 | -€107,240 | -4.7% |
| Fixed assets | 21/28 | €2,222,384 | €2,170,764 | -€51,620 | -2.3% |
| Tangible fixed assets | 22/27 | €2,222,384 | €2,170,764 | -€51,620 | -2.3% |
| Land and buildings | 22 | €2,112,701 | €2,074,848 | -€37,853 | -1.8% |
| Furniture and vehicles | 24 | €109,683 | €95,916 | -€13,767 | -12.6% |
| Current assets | 29/58 | €58,357 | €2,737 | -€55,620 | -95.3% |
| Amounts receivable within one year | 40/41 | €58,203 | €2,737 | -€55,466 | -95.3% |
| Other amounts receivable | 41 | €58,203 | €2,737 | -€55,466 | -95.3% |
| Cash at bank and in hand | 54/58 | €153 | - | -€153 | |
| Total equity and liabilities | 10/49 | €2,280,741 | €2,173,501 | -€107,240 | -4.7% |
| Equity | 10/15 | €855,884 | €837,315 | -€18,569 | -2.2% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €11,971 | €11,979 | +€8 | +0.1% |
| Non-distributable reserves | 130/1 | €11,971 | €11,979 | +€8 | +0.1% |
| Legal reserve | 130 | €11,971 | €11,979 | +€8 | +0.1% |
| Profit (loss) carried forward | 14 | €100,232 | €81,656 | -€18,577 | -18.5% |
| Amounts payable | 17/49 | €1,424,857 | €1,336,186 | -€88,671 | -6.2% |
| Amounts payable after more than one year | 17 | €27 | €27 | = | 0.0% |
| Financial debts | 170/4 | €27 | €27 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,424,830 | €1,336,159 | -€88,671 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €9,395 | €27,172 | +€17,777 | +189% |
| Trade debts | 44 | - | €2,970 | +€2,970 | |
| Suppliers | 440/4 | - | €2,970 | +€2,970 | |
| Taxes, remuneration and social security | 45 | €29,412 | €5,532 | -€23,880 | -81.2% |
| Taxes | 450/3 | €29,412 | €5,532 | -€23,880 | -81.2% |
| Other amounts payable | 47/48 | €1,386,023 | €1,300,485 | -€85,538 | -6.2% |
| Non-recurring operating income | 76A | €6,425 | - | -€6,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,976 | €51,620 | +€34,644 | +204% |
| Other operating charges | 640/8 | €11,902 | €21,472 | +€9,569 | +80.4% |
| Gross operating margin | 9900 | €38,490 | €82,111 | +€43,621 | +113% |
| Operating profit (loss) | 9901 | €9,612 | €9,020 | -€592 | -6.2% |
| Financial charges | 65/66B | €9,395 | €27,445 | +€18,050 | +192% |
| Recurring financial charges | 65 | €9,395 | €27,445 | +€18,050 | +192% |
| Profit (loss) for the period before taxes | 9903 | €217 | -€18,425 | -€18,642 | |
| Income taxes | 67/77 | €62 | €144 | +€81 | +130% |
| Profit (loss) for the period | 9904 | €154 | -€18,569 | -€18,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €154 | -€18,569 | -€18,723 |
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 14 October 2026 via checked.be.