ELKE ARNAUTS: 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.
ELKE ARNAUTS
Largest movements
- Cash -€13,209
down €13,209 (-22.7%), from €58,290 to €45,081
mainly Contributions, distributions and other (-€26,427) and Receivables within one year (-€5,799)
- Receivables within one year +€5,799
up €5,799 (+1,611%), from €360 to €6,159
of which Other amounts receivable: +€6,159
- Tangible fixed assets +€1,015
up €1,015 (+11.0%), from €9,222 to €10,237
of which Plant, machinery and equipment: +€3,782
- Reserves -€7,260
down €7,260 (-27.5%), from €26,427 to €19,167
- Other debts -€3,302
down €3,302 (-8.6%), from €38,575 to €35,273
- Tax, wage and social debts +€2,539
up €2,539 (+178%), from €1,425 to €3,964
- Accrued charges and deferred income +€1,010
new in 2025: €1,010
- Gross operating margin -€21,095
down €21,095 (-44.4%), from €47,532 to €26,437
- Taxes -€5,571
down €5,571 (-58.0%), from €9,600 to €4,029
- Depreciation +€483
up €483 (+17.2%), from €2,808 to €3,291
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 | €67,872 | €61,477 | -€6,394 | -9.4% |
| Fixed assets | 21/28 | €9,222 | €10,237 | +€1,015 | +11.0% |
| Tangible fixed assets | 22/27 | €9,222 | €10,237 | +€1,015 | +11.0% |
| Plant, machinery and equipment | 23 | - | €3,782 | +€3,782 | |
| Furniture and vehicles | 24 | €9,222 | €6,455 | -€2,767 | -30.0% |
| Current assets | 29/58 | €58,650 | €51,240 | -€7,410 | -12.6% |
| Amounts receivable within one year | 40/41 | €360 | €6,159 | +€5,799 | +1,611% |
| Trade receivables | 40 | €360 | - | -€360 | |
| Other amounts receivable | 41 | - | €6,159 | +€6,159 | |
| Cash at bank and in hand | 54/58 | €58,290 | €45,081 | -€13,209 | -22.7% |
| Total equity and liabilities | 10/49 | €67,872 | €61,477 | -€6,394 | -9.4% |
| Equity | 10/15 | €27,427 | €20,167 | -€7,260 | -26.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €26,427 | €19,167 | -€7,260 | -27.5% |
| Distributable reserves | 133 | €26,427 | €19,167 | -€7,260 | -27.5% |
| Amounts payable | 17/49 | €40,445 | €41,310 | +€866 | +2.1% |
| Amounts payable within one year | 42/48 | €40,445 | €40,300 | -€144 | -0.4% |
| Trade debts | 44 | €446 | €1,063 | +€618 | +139% |
| Suppliers | 440/4 | €446 | €1,063 | +€618 | +139% |
| Taxes, remuneration and social security | 45 | €1,425 | €3,964 | +€2,539 | +178% |
| Taxes | 450/3 | €1,425 | €3,964 | +€2,539 | +178% |
| Other amounts payable | 47/48 | €38,575 | €35,273 | -€3,302 | -8.6% |
| Accrued charges and deferred income | 492/3 | - | €1,010 | +€1,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €3,291 | +€483 | +17.2% |
| Gross operating margin | 9900 | €47,532 | €26,437 | -€21,095 | -44.4% |
| Operating profit (loss) | 9901 | €44,724 | €23,147 | -€21,578 | -48.2% |
| Financial income | 75/76B | €169 | €109 | -€60 | -35.3% |
| Recurring financial income | 75 | €169 | €109 | -€60 | -35.3% |
| Financial charges | 65/66B | €64 | €60 | -€4 | -5.5% |
| Recurring financial charges | 65 | €64 | €60 | -€4 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €44,830 | €23,196 | -€21,634 | -48.3% |
| Income taxes | 67/77 | €9,600 | €4,029 | -€5,571 | -58.0% |
| Profit (loss) for the period | 9904 | €35,230 | €19,167 | -€16,063 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,230 | €19,167 | -€16,063 | -45.6% |
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 17 October 2026 via checked.be.