ELOISEAU: what changed
ELOISEAU
Largest movements
- Receivables within one year +€7,498
up €7,498 (+66.4%), from €11,283 to €18,781
of which Other amounts receivable: +€6,474
- Cash +€6,537
up €6,537 (+38.3%), from €17,059 to €23,596
mainly Net result for the year (+€10,931) and Tax, wage and social debts (+€3,719)
- Deferred charges and accrued income +€1,015
new in 2026: €1,015
- Reserves +€10,098
up €10,098 (+75.3%), from €13,411 to €23,509
- Tax, wage and social debts +€3,719
up €3,719 (+41.7%), from €8,926 to €12,644
- Trade debts +€1,258
up €1,258 (+855%), from €147 to €1,405
- Depreciation -€3,575
down €3,575 (-100%), from €3,575 to €0
- Taxes +€2,859
up €2,859 (+77.6%), from €3,687 to €6,546
- Gross operating margin -€2,060
down €2,060 (-9.5%), from €21,766 to €19,706
- Financial charges +€1,288
up €1,288 (+3,681%), from €35 to €1,323
- Other operating charges +€929
up €929 (+464%), from €200 to €1,129
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,343 | €43,392 | +€15,049 | +53.1% |
| Current assets | 29/58 | €28,343 | €43,392 | +€15,049 | +53.1% |
| Amounts receivable within one year | 40/41 | €11,283 | €18,781 | +€7,498 | +66.4% |
| Trade receivables | 40 | €10,283 | €11,307 | +€1,024 | +10.0% |
| Other amounts receivable | 41 | €1,000 | €7,474 | +€6,474 | +647% |
| Cash at bank and in hand | 54/58 | €17,059 | €23,596 | +€6,537 | +38.3% |
| Deferred charges and accrued income | 490/1 | - | €1,015 | +€1,015 | |
| Total equity and liabilities | 10/49 | €28,343 | €43,392 | +€15,049 | +53.1% |
| Equity | 10/15 | €18,411 | €28,509 | +€10,098 | +54.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,411 | €23,509 | +€10,098 | +75.3% |
| Distributable reserves | 133 | €13,411 | €23,509 | +€10,098 | +75.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,932 | €14,883 | +€4,951 | +49.8% |
| Amounts payable within one year | 42/48 | €9,932 | €14,883 | +€4,951 | +49.8% |
| Trade debts | 44 | €147 | €1,405 | +€1,258 | +855% |
| Suppliers | 440/4 | €147 | €1,405 | +€1,258 | +855% |
| Taxes, remuneration and social security | 45 | €8,926 | €12,644 | +€3,719 | +41.7% |
| Taxes | 450/3 | €8,926 | €12,644 | +€3,719 | +41.7% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,575 | €0 | -€3,575 | -100% |
| Other operating charges | 640/8 | €200 | €1,129 | +€929 | +464% |
| Gross operating margin | 9900 | €21,766 | €19,706 | -€2,060 | -9.5% |
| Operating profit (loss) | 9901 | €17,991 | €18,578 | +€586 | +3.3% |
| Financial income | 75/76B | - | €223 | +€223 | |
| Recurring financial income | 75 | - | €223 | +€223 | |
| Financial charges | 65/66B | €35 | €1,323 | +€1,288 | +3,681% |
| Recurring financial charges | 65 | €35 | €1,323 | +€1,288 | +3,681% |
| Profit (loss) for the period before taxes | 9903 | €17,956 | €17,478 | -€479 | -2.7% |
| Income taxes | 67/77 | €3,687 | €6,546 | +€2,859 | +77.6% |
| Profit (loss) for the period | 9904 | €14,270 | €10,931 | -€3,338 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,270 | €10,931 | -€3,338 | -23.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.