Elle Chocolates: 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 Chocolates
Largest movements
- Cash -€30,859
down €30,859 (-59.8%), from €51,603 to €20,744
mainly Net result for the year (-€27,223) and Investment in fixed assets (net) (-€7,979)
- Tangible fixed assets -€6,731
down €6,731 (-14.3%), from €47,204 to €40,473
of which Plant, machinery and equipment: -€6,797
- Receivables within one year +€6,095
up €6,095 (+64.5%), from €9,444 to €15,539
of which Trade receivables: +€6,904
- Stocks and contracts +€2,531
up €2,531 (+23.2%), from €10,891 to €13,422
- Deferred charges and accrued income +€1,778
new in 2025: €1,778
- Reserves -€27,223
down €27,223 (-61.5%), from €44,248 to €17,025
- Debts after one year -€5,840
down €5,840 (-20.6%), from €28,300 to €22,460
- Current portion of long-term debt +€4,877
up €4,877 (+78.5%), from €6,213 to €11,090
- Trade debts +€3,522
up €3,522 (+13.5%), from €26,182 to €29,704
- Tax, wage and social debts -€2,522
down €2,522 (-33.6%), from €7,499 to €4,977
of which Taxes: -€4,946
- Staff costs +€34,297
up €34,297 (+1,166%), from €2,942 to €37,239
- Gross operating margin -€8,474
down €8,474 (-19.1%), from €44,479 to €36,005
- Taxes -€4,938
down €4,938 (-99.8%), from €4,947 to €9
- Financial charges +€3,404
up €3,404 (+59.8%), from €5,694 to €9,098
- Depreciation +€1,681
up €1,681 (+12.9%), from €13,029 to €14,710
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 | €119,142 | €91,956 | -€27,186 | -22.8% |
| Fixed assets | 21/28 | €47,204 | €40,473 | -€6,731 | -14.3% |
| Tangible fixed assets | 22/27 | €47,204 | €40,473 | -€6,731 | -14.3% |
| Plant, machinery and equipment | 23 | €42,078 | €35,281 | -€6,797 | -16.2% |
| Furniture and vehicles | 24 | €331 | €281 | -€50 | -15.1% |
| Other tangible fixed assets | 26 | €4,796 | €4,911 | +€115 | +2.4% |
| Current assets | 29/58 | €71,937 | €51,483 | -€20,454 | -28.4% |
| Stocks and contracts in progress | 3 | €10,891 | €13,422 | +€2,531 | +23.2% |
| Stocks | 30/36 | €10,891 | €13,422 | +€2,531 | +23.2% |
| Amounts receivable within one year | 40/41 | €9,444 | €15,539 | +€6,095 | +64.5% |
| Trade receivables | 40 | €7,565 | €14,469 | +€6,904 | +91.3% |
| Other amounts receivable | 41 | €1,878 | €1,070 | -€808 | -43.0% |
| Cash at bank and in hand | 54/58 | €51,603 | €20,744 | -€30,859 | -59.8% |
| Deferred charges and accrued income | 490/1 | - | €1,778 | +€1,778 | |
| Total equity and liabilities | 10/49 | €119,142 | €91,956 | -€27,186 | -22.8% |
| Equity | 10/15 | €50,948 | €23,725 | -€27,223 | -53.4% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €44,248 | €17,025 | -€27,223 | -61.5% |
| Distributable reserves | 133 | €44,248 | €17,025 | -€27,223 | -61.5% |
| Amounts payable | 17/49 | €68,194 | €68,231 | +€37 | +0.1% |
| Amounts payable after more than one year | 17 | €28,300 | €22,460 | -€5,840 | -20.6% |
| Financial debts | 170/4 | €28,300 | €22,460 | -€5,840 | -20.6% |
| Amounts payable within one year | 42/48 | €39,894 | €45,771 | +€5,877 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €6,213 | €11,090 | +€4,877 | +78.5% |
| Trade debts | 44 | €26,182 | €29,704 | +€3,522 | +13.5% |
| Suppliers | 440/4 | €26,182 | €29,704 | +€3,522 | +13.5% |
| Taxes, remuneration and social security | 45 | €7,499 | €4,977 | -€2,522 | -33.6% |
| Taxes | 450/3 | €4,946 | €0 | -€4,946 | -100% |
| Remuneration and social security | 454/9 | €2,553 | €4,977 | +€2,424 | +95.0% |
| Remuneration, social security and pensions | 62 | €2,942 | €37,239 | +€34,297 | +1,166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,029 | €14,710 | +€1,681 | +12.9% |
| Other operating charges | 640/8 | €653 | €2,108 | +€1,455 | +223% |
| Non-recurring operating charges | 66A | - | €99 | +€99 | |
| Gross operating margin | 9900 | €44,479 | €36,005 | -€8,474 | -19.1% |
| Operating profit (loss) | 9901 | €27,854 | -€18,151 | -€46,005 | |
| Financial income | 75/76B | €12 | €35 | +€23 | +191% |
| Recurring financial income | 75 | €12 | €35 | +€23 | +191% |
| Financial charges | 65/66B | €5,694 | €9,098 | +€3,404 | +59.8% |
| Recurring financial charges | 65 | €5,694 | €9,098 | +€3,404 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €22,172 | -€27,214 | -€49,386 | |
| Income taxes | 67/77 | €4,947 | €9 | -€4,938 | -99.8% |
| Profit (loss) for the period | 9904 | €17,225 | -€27,223 | -€44,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,225 | -€27,223 | -€44,448 |
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 16 October 2026 via checked.be.