ELO BIJOUX: 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.
ELO BIJOUX
Largest movements
- Stocks and contracts -€60,239
down €60,239 (-78.5%), from €76,709 to €16,471
- Receivables within one year +€55,531
up €55,531 (+101.1%), from €54,941 to €110,472
of which Trade receivables: +€55,282
- Financial fixed assets -€6,115
down €6,115 (-1.3%), from €456,205 to €450,090
- Debts after one year -€50,076
down €50,076 (-12.2%), from €410,120 to €360,044
of which Financial debts: -€50,076
- Profit (loss) carried forward +€25,726
up €25,726, from -€8,036 to €17,690
- Trade debts -€9,966
down €9,966 (-30.4%), from €32,828 to €22,863
- Tax, wage and social debts +€9,370
up €9,370 (+32.6%), from €28,717 to €38,087
of which Taxes: +€12,259
- Short-term financial debts +€7,388
up €7,388 (+56.4%), from €13,107 to €20,494
- Gross operating margin -€59,390
down €59,390 (-47.1%), from €126,004 to €66,615
- Staff costs -€27,270
down €27,270 (-67.4%), from €40,442 to €13,172
- Taxes +€3,416
up €3,416 (+8282.4%), from €41 to €3,457
- Financial charges +€1,417
up €1,417 (+7.0%), from €20,175 to €21,593
- Depreciation -€1,294
down €1,294 (-100.0%), from €1,294 to €0
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 | €598,894 | €580,201 | -€18,693 | -3.1% |
| Fixed assets | 21/28 | €458,196 | €450,090 | -€8,106 | -1.8% |
| Tangible fixed assets | 22/27 | €1,991 | €0 | -€1,991 | -100.0% |
| Other tangible fixed assets | 26 | €1,991 | €0 | -€1,991 | -100.0% |
| Financial fixed assets | 28 | €456,205 | €450,090 | -€6,115 | -1.3% |
| Current assets | 29/58 | €140,698 | €130,111 | -€10,587 | -7.5% |
| Stocks and contracts in progress | 3 | €76,709 | €16,471 | -€60,239 | -78.5% |
| Stocks | 30/36 | €76,709 | €16,471 | -€60,239 | -78.5% |
| Amounts receivable within one year | 40/41 | €54,941 | €110,472 | +€55,531 | +101.1% |
| Trade receivables | 40 | €54,650 | €109,933 | +€55,282 | +101.2% |
| Other amounts receivable | 41 | €291 | €539 | +€248 | +85.4% |
| Cash at bank and in hand | 54/58 | €7,705 | €3,169 | -€4,537 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,342 | €0 | -€1,342 | -100.0% |
| Total equity and liabilities | 10/49 | €598,894 | €580,201 | -€18,693 | -3.1% |
| Equity | 10/15 | €41,964 | €67,690 | +€25,726 | +61.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,036 | €17,690 | +€25,726 | |
| Amounts payable | 17/49 | €556,931 | €512,511 | -€44,419 | -8.0% |
| Amounts payable after more than one year | 17 | €410,120 | €360,044 | -€50,076 | -12.2% |
| Financial debts | 170/4 | €201,120 | €151,044 | -€50,076 | -24.9% |
| Other amounts payable | 178/9 | €209,000 | €209,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,811 | €152,468 | +€5,657 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €52,014 | €52,818 | +€804 | +1.5% |
| Financial debts | 43 | €13,107 | €20,494 | +€7,388 | +56.4% |
| Credit institutions | 430/8 | €13,107 | €20,494 | +€7,388 | +56.4% |
| Trade debts | 44 | €32,828 | €22,863 | -€9,966 | -30.4% |
| Suppliers | 440/4 | €32,828 | €22,863 | -€9,966 | -30.4% |
| Taxes, remuneration and social security | 45 | €28,717 | €38,087 | +€9,370 | +32.6% |
| Taxes | 450/3 | €18,946 | €31,205 | +€12,259 | +64.7% |
| Remuneration and social security | 454/9 | €9,771 | €6,881 | -€2,889 | -29.6% |
| Other amounts payable | 47/48 | €20,145 | €18,205 | -€1,940 | -9.6% |
| Remuneration, social security and pensions | 62 | €40,442 | €13,172 | -€27,270 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,294 | €0 | -€1,294 | -100.0% |
| Other operating charges | 640/8 | €1,702 | €2,667 | +€965 | +56.7% |
| Gross operating margin | 9900 | €126,004 | €66,615 | -€59,390 | -47.1% |
| Operating profit (loss) | 9901 | €82,566 | €50,776 | -€31,790 | -38.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €20,175 | €21,593 | +€1,417 | +7.0% |
| Recurring financial charges | 65 | €20,175 | €21,593 | +€1,417 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €62,391 | €29,183 | -€33,207 | -53.2% |
| Income taxes | 67/77 | €41 | €3,457 | +€3,416 | +8282.4% |
| Profit (loss) for the period | 9904 | €62,349 | €25,726 | -€36,623 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,349 | €25,726 | -€36,623 | -58.7% |
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 9 October 2026 via checked.be.