Elodie Deceuninck: 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.
Elodie Deceuninck
Largest movements
- Cash -€36,069
down €36,069 (-30.6%), from €117,927 to €81,858
mainly Contributions, distributions and other (-€17,600) and Trade debts (-€12,765)
- Receivables within one year +€7,479
up €7,479 (+52.7%), from €14,189 to €21,668
of which Trade receivables: +€7,479
- Tangible fixed assets -€3,595
down €3,595 (-35.4%), from €10,162 to €6,567
of which Furniture and vehicles: -€3,910
- Stocks and contracts -€3,181
down €3,181 (-44.6%), from €7,126 to €3,945
- Profit (loss) carried forward -€15,410
down €15,410 (-99.7%), from €15,459 to €49
- Trade debts -€12,765
down €12,765 (-25.0%), from €50,974 to €38,210
- Other debts -€3,717
down €3,717 (-5.1%), from €72,309 to €68,591
- Tax, wage and social debts -€1,819
down €1,819 (-27.3%), from €6,674 to €4,855
- Gross operating margin +€1,299
up €1,299 (+16.9%), from €7,704 to €9,003
- Depreciation +€342
up €342 (+7.4%), from €4,613 to €4,954
- Taxes +€284
up €284 (+26.0%), from €1,095 to €1,379
- Other operating charges -€113
down €113 (-22.0%), from €512 to €400
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 | €150,832 | €116,205 | -€34,627 | -23.0% |
| Fixed assets | 21/28 | €10,162 | €7,458 | -€2,704 | -26.6% |
| Intangible fixed assets | 21 | - | €890 | +€890 | |
| Tangible fixed assets | 22/27 | €10,162 | €6,567 | -€3,595 | -35.4% |
| Furniture and vehicles | 24 | €8,518 | €4,608 | -€3,910 | -45.9% |
| Other tangible fixed assets | 26 | €1,644 | €1,959 | +€316 | +19.2% |
| Current assets | 29/58 | €140,670 | €108,747 | -€31,923 | -22.7% |
| Stocks and contracts in progress | 3 | €7,126 | €3,945 | -€3,181 | -44.6% |
| Contracts in progress | 37 | €7,126 | €3,945 | -€3,181 | -44.6% |
| Amounts receivable within one year | 40/41 | €14,189 | €21,668 | +€7,479 | +52.7% |
| Trade receivables | 40 | €11,284 | €18,763 | +€7,479 | +66.3% |
| Other amounts receivable | 41 | €2,905 | €2,905 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €117,927 | €81,858 | -€36,069 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,276 | -€152 | -10.6% |
| Total equity and liabilities | 10/49 | €150,832 | €116,205 | -€34,627 | -23.0% |
| Equity | 10/15 | €18,459 | €3,049 | -€15,410 | -83.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,459 | €49 | -€15,410 | -99.7% |
| Amounts payable | 17/49 | €132,373 | €113,156 | -€19,217 | -14.5% |
| Amounts payable within one year | 42/48 | €132,373 | €113,156 | -€19,217 | -14.5% |
| Financial debts | 43 | €2,415 | €1,499 | -€916 | -37.9% |
| Other loans | 439 | €2,415 | €1,499 | -€916 | -37.9% |
| Trade debts | 44 | €50,974 | €38,210 | -€12,765 | -25.0% |
| Suppliers | 440/4 | €50,974 | €38,210 | -€12,765 | -25.0% |
| Taxes, remuneration and social security | 45 | €6,674 | €4,855 | -€1,819 | -27.3% |
| Taxes | 450/3 | €6,674 | €4,855 | -€1,819 | -27.3% |
| Other amounts payable | 47/48 | €72,309 | €68,591 | -€3,717 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,613 | €4,954 | +€342 | +7.4% |
| Other operating charges | 640/8 | €512 | €400 | -€113 | -22.0% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €7,704 | €9,003 | +€1,299 | +16.9% |
| Operating profit (loss) | 9901 | €2,578 | €3,649 | +€1,071 | +41.6% |
| Financial income | 75/76B | €49 | €80 | +€30 | +61.3% |
| Recurring financial income | 75 | €49 | €80 | +€30 | +61.3% |
| Financial charges | 65/66B | €138 | €160 | +€22 | +15.8% |
| Recurring financial charges | 65 | €138 | €160 | +€22 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €2,489 | €3,569 | +€1,080 | +43.4% |
| Income taxes | 67/77 | €1,095 | €1,379 | +€284 | +26.0% |
| Profit (loss) for the period | 9904 | €1,394 | €2,190 | +€796 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,394 | €2,190 | +€796 | +57.1% |
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 24 October 2026 via checked.be.