Elle & Bo: 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.
Elle & Bo
Largest movements
- Cash -€12,538
down €12,538 (-18.9%), from €66,513 to €53,975
mainly Tax, wage and social debts (-€19,996) and Net result for the year (-€7,773)
- Receivables within one year -€3,423
down €3,423 (-17.1%), from €20,069 to €16,645
of which Trade receivables: -€3,997
- Tangible fixed assets -€2,045
down €2,045 (-39.6%), from €5,167 to €3,122
- Tax, wage and social debts -€19,996
down €19,996 (-65.0%), from €30,765 to €10,769
of which Taxes: -€17,496
- Trade debts +€10,045
up €10,045 (+182%), from €5,505 to €15,551
- Profit (loss) carried forward -€7,773
down €7,773 (-15.0%), from €51,800 to €44,027
- Gross operating margin -€50,111
down €50,111, from €47,406 to -€2,705
- Taxes -€10,658
down €10,658 (-98.6%), from €10,807 to €149
- Financial charges +€1,389
up €1,389 (+127%), from €1,096 to €2,485
- Depreciation +€482
up €482 (+30.8%), from €1,563 to €2,045
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 | €91,751 | €73,810 | -€17,941 | -19.6% |
| Fixed assets | 21/28 | €5,167 | €3,122 | -€2,045 | -39.6% |
| Tangible fixed assets | 22/27 | €5,167 | €3,122 | -€2,045 | -39.6% |
| Furniture and vehicles | 24 | €5,167 | €3,122 | -€2,045 | -39.6% |
| Current assets | 29/58 | €86,584 | €70,688 | -€15,896 | -18.4% |
| Amounts receivable within one year | 40/41 | €20,069 | €16,645 | -€3,423 | -17.1% |
| Trade receivables | 40 | €20,069 | €16,072 | -€3,997 | -19.9% |
| Other amounts receivable | 41 | - | €574 | +€574 | |
| Cash at bank and in hand | 54/58 | €66,513 | €53,975 | -€12,538 | -18.9% |
| Deferred charges and accrued income | 490/1 | €2 | €68 | +€66 | +3,222% |
| Total equity and liabilities | 10/49 | €91,751 | €73,810 | -€17,941 | -19.6% |
| Equity | 10/15 | €54,800 | €47,027 | -€7,773 | -14.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,800 | €44,027 | -€7,773 | -15.0% |
| Amounts payable | 17/49 | €36,951 | €26,783 | -€10,168 | -27.5% |
| Amounts payable within one year | 42/48 | €36,601 | €26,783 | -€9,818 | -26.8% |
| Trade debts | 44 | €5,505 | €15,551 | +€10,045 | +182% |
| Suppliers | 440/4 | €5,505 | €15,551 | +€10,045 | +182% |
| Taxes, remuneration and social security | 45 | €30,765 | €10,769 | -€19,996 | -65.0% |
| Taxes | 450/3 | €28,265 | €10,769 | -€17,496 | -61.9% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €331 | €463 | +€132 | +40.0% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,563 | €2,045 | +€482 | +30.8% |
| Other operating charges | 640/8 | €140 | €389 | +€249 | +178% |
| Gross operating margin | 9900 | €47,406 | -€2,705 | -€50,111 | |
| Operating profit (loss) | 9901 | €45,702 | -€5,139 | -€50,842 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.6% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.6% |
| Financial charges | 65/66B | €1,096 | €2,485 | +€1,389 | +127% |
| Recurring financial charges | 65 | €1,096 | €2,485 | +€1,389 | +127% |
| Profit (loss) for the period before taxes | 9903 | €44,615 | -€7,624 | -€52,239 | |
| Income taxes | 67/77 | €10,807 | €149 | -€10,658 | -98.6% |
| Profit (loss) for the period | 9904 | €33,808 | -€7,773 | -€41,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,808 | -€7,773 | -€41,581 |
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 27 October 2026 via checked.be.