Elle D: what changed
Two fiscal 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 D
Largest movements
- Cash -€4,179
down €4,179 (-93.6%), from €4,466 to €287
mainly Other debts (-€6,524) and Tax, wage and social debts (-€1,586)
- Tangible fixed assets -€2,256
down €2,256 (-31.8%), from €7,096 to €4,840
of which Land and buildings: -€1,361
- Other debts -€6,524
down €6,524 (-7.3%), from €89,819 to €83,296
- Profit (loss) carried forward +€3,009
up €3,009 (+82.9%), from €3,632 to €6,641
- Tax, wage and social debts -€1,586
down €1,586 (-19.2%), from €8,251 to €6,665
- Trade debts -€1,395
down €1,395 (-44.4%), from €3,140 to €1,745
- Gross operating margin -€9,033
down €9,033 (-47.3%), from €19,110 to €10,077
- Financial income -€3,402
down €3,402 (-100.0%), from €3,402 to €0
- Taxes -€3,177
down €3,177 (-54.6%), from €5,822 to €2,645
- Depreciation -€2,289
down €2,289 (-50.4%), from €4,545 to €2,256
- Other operating charges -€199
down €199 (-9.4%), from €2,115 to €1,917
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.
Cash bridge derived
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 | €110,065 | €103,346 | -€6,719 | -6.1% |
| Fixed assets | 21/28 | €19,596 | €17,340 | -€2,256 | -11.5% |
| Tangible fixed assets | 22/27 | €7,096 | €4,840 | -€2,256 | -31.8% |
| Land and buildings | 22 | €6,201 | €4,840 | -€1,361 | -21.9% |
| Furniture and vehicles | 24 | €894 | €0 | -€894 | -100.0% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €90,469 | €86,006 | -€4,463 | -4.9% |
| Amounts receivable after more than one year | 29 | €75,472 | €75,472 | = | 0.0% |
| Other amounts receivable | 291 | €75,472 | €75,472 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,425 | €8,105 | -€320 | -3.8% |
| Trade receivables | 40 | €7,484 | €7,750 | +€265 | +3.5% |
| Other amounts receivable | 41 | €940 | €355 | -€585 | -62.2% |
| Cash at bank and in hand | 54/58 | €4,466 | €287 | -€4,179 | -93.6% |
| Deferred charges and accrued income | 490/1 | €2,106 | €2,142 | +€36 | +1.7% |
| Total equity and liabilities | 10/49 | €110,065 | €103,346 | -€6,719 | -6.1% |
| Equity | 10/15 | €8,632 | €11,641 | +€3,009 | +34.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,632 | €6,641 | +€3,009 | +82.9% |
| Amounts payable | 17/49 | €101,433 | €91,705 | -€9,728 | -9.6% |
| Amounts payable within one year | 42/48 | €101,209 | €91,705 | -€9,504 | -9.4% |
| Trade debts | 44 | €3,140 | €1,745 | -€1,395 | -44.4% |
| Suppliers | 440/4 | €3,140 | €1,745 | -€1,395 | -44.4% |
| Taxes, remuneration and social security | 45 | €8,251 | €6,665 | -€1,586 | -19.2% |
| Taxes | 450/3 | €8,251 | €6,665 | -€1,586 | -19.2% |
| Other amounts payable | 47/48 | €89,819 | €83,296 | -€6,524 | -7.3% |
| Accrued charges and deferred income | 492/3 | €224 | €0 | -€224 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,545 | €2,256 | -€2,289 | -50.4% |
| Other operating charges | 640/8 | €2,115 | €1,917 | -€199 | -9.4% |
| Gross operating margin | 9900 | €19,110 | €10,077 | -€9,033 | -47.3% |
| Operating profit (loss) | 9901 | €12,450 | €5,905 | -€6,545 | -52.6% |
| Financial income | 75/76B | €3,402 | €0 | -€3,402 | -100.0% |
| Recurring financial income | 75 | €3,402 | €0 | -€3,402 | -100.0% |
| Financial charges | 65/66B | €338 | €251 | -€87 | -25.8% |
| Recurring financial charges | 65 | €338 | €251 | -€87 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €15,514 | €5,654 | -€9,860 | -63.6% |
| Income taxes | 67/77 | €5,822 | €2,645 | -€3,177 | -54.6% |
| Profit (loss) for the period | 9904 | €9,692 | €3,009 | -€6,683 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,692 | €3,009 | -€6,683 | -69.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.