ELLE & COUSINE: 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 & COUSINE
Largest movements
- Stocks and contracts +€16,858
up €16,858 (+55.2%), from €30,560 to €47,418
- Receivables within one year -€4,424
down €4,424 (-65.9%), from €6,712 to €2,288
- Tangible fixed assets -€3,528
down €3,528 (-33.2%), from €10,637 to €7,109
of which Other tangible fixed assets: -€2,592
- Trade debts +€8,584
up €8,584 (+117%), from €7,355 to €15,939
- Short-term financial debts -€7,405
no longer reported in 2025 (was €7,405)
- Other debts +€5,214
up €5,214 (+295%), from €1,768 to €6,982
- Reserves +€1,786
new in 2025: €1,786
- Gross operating margin +€4,765
up €4,765 (+12.9%), from €36,810 to €41,575
- Staff costs -€1,846
down €1,846 (-5.7%), from €32,651 to €30,805
- Taxes +€1,639
up €1,639, from -€1,041 to €598
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 | €70,369 | €79,108 | +€8,739 | +12.4% |
| Fixed assets | 21/28 | €10,637 | €7,109 | -€3,528 | -33.2% |
| Tangible fixed assets | 22/27 | €10,637 | €7,109 | -€3,528 | -33.2% |
| Furniture and vehicles | 24 | €2,272 | €1,337 | -€935 | -41.2% |
| Other tangible fixed assets | 26 | €8,365 | €5,772 | -€2,592 | -31.0% |
| Current assets | 29/58 | €59,732 | €71,998 | +€12,266 | +20.5% |
| Stocks and contracts in progress | 3 | €30,560 | €47,418 | +€16,858 | +55.2% |
| Stocks | 30/36 | €30,560 | €47,418 | +€16,858 | +55.2% |
| Amounts receivable within one year | 40/41 | €6,712 | €2,288 | -€4,424 | -65.9% |
| Trade receivables | 40 | €6,712 | €2,288 | -€4,424 | -65.9% |
| Cash at bank and in hand | 54/58 | €22,459 | €22,292 | -€167 | -0.7% |
| Total equity and liabilities | 10/49 | €70,369 | €79,108 | +€8,739 | +12.4% |
| Equity | 10/15 | €43,524 | €45,309 | +€1,786 | +4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €1,786 | +€1,786 | |
| Distributable reserves | 133 | - | €1,786 | +€1,786 | |
| Profit (loss) carried forward | 14 | €23,524 | €23,524 | = | 0.0% |
| Amounts payable | 17/49 | €26,845 | €33,798 | +€6,953 | +25.9% |
| Amounts payable within one year | 42/48 | €26,845 | €33,798 | +€6,953 | +25.9% |
| Financial debts | 43 | €7,405 | - | -€7,405 | |
| Credit institutions | 430/8 | €7,405 | - | -€7,405 | |
| Trade debts | 44 | €7,355 | €15,939 | +€8,584 | +117% |
| Suppliers | 440/4 | €7,355 | €15,939 | +€8,584 | +117% |
| Taxes, remuneration and social security | 45 | €10,318 | €10,878 | +€560 | +5.4% |
| Taxes | 450/3 | €8,980 | €7,752 | -€1,228 | -13.7% |
| Remuneration and social security | 454/9 | €1,338 | €3,126 | +€1,788 | +134% |
| Other amounts payable | 47/48 | €1,768 | €6,982 | +€5,214 | +295% |
| Remuneration, social security and pensions | 62 | €32,651 | €30,805 | -€1,846 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,508 | €3,528 | +€20 | +0.6% |
| Other operating charges | 640/8 | €2,550 | €2,750 | +€199 | +7.8% |
| Gross operating margin | 9900 | €36,810 | €41,575 | +€4,765 | +12.9% |
| Operating profit (loss) | 9901 | -€1,899 | €4,493 | +€6,392 | |
| Financial income | 75/76B | - | €256 | +€256 | |
| Recurring financial income | 75 | - | €256 | +€256 | |
| Financial charges | 65/66B | €2,709 | €2,365 | -€344 | -12.7% |
| Recurring financial charges | 65 | €2,709 | €2,365 | -€344 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,608 | €2,384 | +€6,992 | |
| Income taxes | 67/77 | -€1,041 | €598 | +€1,639 | |
| Profit (loss) for the period | 9904 | -€3,567 | €1,786 | +€5,353 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,567 | €1,786 | +€5,353 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.