Elke Van Camp: 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 Van Camp
Largest movements
- Cash +€89,026
up €89,026 (+61.4%), from €144,893 to €233,919
mainly Net result for the year (+€89,349) and Other debts (+€12,654)
- Deferred charges and accrued income +€2,469
new in 2025: €2,469
- Reserves +€89,349
up €89,349 (+110%), from €81,573 to €170,922
- Accrued charges and deferred income -€15,571
down €15,571 (-100%), from €15,571 to €0
- Other debts +€12,654
up €12,654 (+47.9%), from €26,435 to €39,089
- Tax, wage and social debts +€2,852
up €2,852 (+13.6%), from €21,003 to €23,854
- Gross operating margin +€10,168
up €10,168 (+9.7%), from €105,329 to €115,497
- Taxes +€2,852
up €2,852 (+13.6%), from €21,003 to €23,854
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 | €147,581 | €237,508 | +€89,927 | +60.9% |
| Fixed assets | 21/28 | €2,689 | €1,120 | -€1,569 | -58.3% |
| Tangible fixed assets | 22/27 | €2,689 | €1,120 | -€1,569 | -58.3% |
| Plant, machinery and equipment | 23 | €2,689 | €1,120 | -€1,569 | -58.3% |
| Current assets | 29/58 | €144,893 | €236,388 | +€91,495 | +63.1% |
| Cash at bank and in hand | 54/58 | €144,893 | €233,919 | +€89,026 | +61.4% |
| Deferred charges and accrued income | 490/1 | - | €2,469 | +€2,469 | |
| Total equity and liabilities | 10/49 | €147,581 | €237,508 | +€89,927 | +60.9% |
| Equity | 10/15 | €84,573 | €173,922 | +€89,349 | +106% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,573 | €170,922 | +€89,349 | +110% |
| Distributable reserves | 133 | €81,573 | €170,922 | +€89,349 | +110% |
| Amounts payable | 17/49 | €63,008 | €63,586 | +€578 | +0.9% |
| Amounts payable within one year | 42/48 | €47,438 | €63,586 | +€16,149 | +34.0% |
| Trade debts | 44 | - | €643 | +€643 | |
| Suppliers | 440/4 | - | €643 | +€643 | |
| Taxes, remuneration and social security | 45 | €21,003 | €23,854 | +€2,852 | +13.6% |
| Taxes | 450/3 | €21,003 | €23,854 | +€2,852 | +13.6% |
| Other amounts payable | 47/48 | €26,435 | €39,089 | +€12,654 | +47.9% |
| Accrued charges and deferred income | 492/3 | €15,571 | €0 | -€15,571 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,017 | €1,569 | -€448 | -22.2% |
| Other operating charges | 640/8 | €640 | €654 | +€14 | +2.2% |
| Gross operating margin | 9900 | €105,329 | €115,497 | +€10,168 | +9.7% |
| Operating profit (loss) | 9901 | €102,672 | €113,274 | +€10,602 | +10.3% |
| Financial income | 75/76B | €1 | €15 | +€14 | +1,534% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1,534% |
| Financial charges | 65/66B | €98 | €86 | -€12 | -11.8% |
| Recurring financial charges | 65 | €98 | €86 | -€12 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €102,576 | €113,203 | +€10,627 | +10.4% |
| Income taxes | 67/77 | €21,003 | €23,854 | +€2,852 | +13.6% |
| Profit (loss) for the period | 9904 | €81,573 | €89,349 | +€7,776 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,573 | €89,349 | +€7,776 | +9.5% |
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 23 October 2026 via checked.be.