ELLE ET LUI: what changed
ELLE ET LUI
Largest movements
- Receivables within one year +€15,221
up €15,221 (+70.2%), from €21,680 to €36,901
of which Trade receivables: +€11,538
- Tangible fixed assets -€6,127
down €6,127 (-41.5%), from €14,775 to €8,647
of which Other tangible fixed assets: -€6,118
- Current investments +€4,944
new in 2025: €4,944
- Cash -€3,677
down €3,677 (-19.1%), from €19,296 to €15,619
mainly Contributions, distributions and other (-€19,414) and Receivables within one year (-€15,221)
- Other debts +€19,414
up €19,414 (+64,714%), from €30 to €19,444
- Reserves -€12,910
down €12,910 (-28.5%), from €45,297 to €32,387
- Current portion of long-term debt +€1,158
up €1,158 (+133%), from €869 to €2,027
- Tax, wage and social debts +€1,057
up €1,057 (+237%), from €446 to €1,503
- Accrued charges and deferred income +€845
new in 2025: €845
- Gross operating margin -€1,517
down €1,517 (-6.8%), from €22,414 to €20,896
- Financial charges +€840
up €840 (+76.2%), from €1,103 to €1,943
- Taxes -€714
down €714 (-12.2%), from €5,860 to €5,146
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,021 | €66,112 | +€10,091 | +18.0% |
| Fixed assets | 21/28 | €14,775 | €8,647 | -€6,127 | -41.5% |
| Tangible fixed assets | 22/27 | €14,775 | €8,647 | -€6,127 | -41.5% |
| Plant, machinery and equipment | 23 | €2,456 | €2,525 | +€68 | +2.8% |
| Furniture and vehicles | 24 | €83 | €5 | -€78 | -94.1% |
| Other tangible fixed assets | 26 | €12,236 | €6,118 | -€6,118 | -50.0% |
| Current assets | 29/58 | €41,246 | €57,464 | +€16,218 | +39.3% |
| Amounts receivable within one year | 40/41 | €21,680 | €36,901 | +€15,221 | +70.2% |
| Trade receivables | 40 | €13,633 | €25,171 | +€11,538 | +84.6% |
| Other amounts receivable | 41 | €8,048 | €11,730 | +€3,682 | +45.8% |
| Current investments | 50/53 | - | €4,944 | +€4,944 | |
| Cash at bank and in hand | 54/58 | €19,296 | €15,619 | -€3,677 | -19.1% |
| Deferred charges and accrued income | 490/1 | €270 | - | -€270 | |
| Total equity and liabilities | 10/49 | €56,021 | €66,112 | +€10,091 | +18.0% |
| Equity | 10/15 | €51,497 | €38,587 | -€12,910 | -25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,297 | €32,387 | -€12,910 | -28.5% |
| Distributable reserves | 133 | €45,297 | €32,387 | -€12,910 | -28.5% |
| Amounts payable | 17/49 | €4,524 | €27,525 | +€23,001 | +508% |
| Amounts payable within one year | 42/48 | €4,524 | €26,680 | +€22,156 | +490% |
| Current portion of amounts payable after more than one year | 42 | €869 | €2,027 | +€1,158 | +133% |
| Trade debts | 44 | €3,178 | €3,705 | +€527 | +16.6% |
| Suppliers | 440/4 | €3,178 | €3,705 | +€527 | +16.6% |
| Taxes, remuneration and social security | 45 | €446 | €1,503 | +€1,057 | +237% |
| Taxes | 450/3 | €446 | €1,503 | +€1,057 | +237% |
| Other amounts payable | 47/48 | €30 | €19,444 | +€19,414 | +64,714% |
| Accrued charges and deferred income | 492/3 | - | €845 | +€845 | |
| Non-recurring operating income | 76A | €3,620 | - | -€3,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,698 | €6,771 | +€73 | +1.1% |
| Other operating charges | 640/8 | €141 | €228 | +€88 | +62.3% |
| Non-recurring operating charges | 66A | - | €306 | +€306 | |
| Gross operating margin | 9900 | €22,414 | €20,896 | -€1,517 | -6.8% |
| Operating profit (loss) | 9901 | €15,575 | €13,591 | -€1,985 | -12.7% |
| Financial income | 75/76B | €12 | €2 | -€10 | -83.1% |
| Recurring financial income | 75 | €12 | €2 | -€10 | -83.1% |
| Financial charges | 65/66B | €1,103 | €1,943 | +€840 | +76.2% |
| Recurring financial charges | 65 | €1,103 | €1,943 | +€840 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | €14,485 | €11,650 | -€2,835 | -19.6% |
| Income taxes | 67/77 | €5,860 | €5,146 | -€714 | -12.2% |
| Profit (loss) for the period | 9904 | €8,625 | €6,504 | -€2,120 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,625 | €6,504 | -€2,120 | -24.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.