ELSKENS J.: 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.
ELSKENS J.
Largest movements
- Cash +€911,215
up €911,215 (+615%), from €148,280 to €1.1m
mainly Current investments (+€900,000) and Net result for the year (+€56,562)
- Current investments -€900,000
down €900,000 (-64.3%), from €1.4m to €500,000
- Receivables within one year +€55,606
up €55,606 (+42.5%), from €130,688 to €186,293
of which Other amounts receivable: +€52,451
- Reserves +€56,562
up €56,562 (+20.4%), from €277,138 to €333,700
of which Distributable reserves: +€56,562
- Financial income +€51,391
up €51,391 (+867%), from €5,931 to €57,321
- Gross operating margin +€14,197
up €14,197 (+837%), from €1,696 to €15,893
- Depreciation -€13,637
down €13,637 (-69.7%), from €19,571 to €5,934
- Taxes +€5,656
new in 2025: €5,656
- Other operating charges -€1,262
down €1,262 (-20.5%), from €6,169 to €4,907
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 | €1,943,879 | €2,004,837 | +€60,959 | +3.1% |
| Fixed assets | 21/28 | €262,697 | €256,762 | -€5,934 | -2.3% |
| Tangible fixed assets | 22/27 | €262,697 | €256,762 | -€5,934 | -2.3% |
| Land and buildings | 22 | €262,697 | €256,762 | -€5,934 | -2.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,681,182 | €1,748,075 | +€66,893 | +4.0% |
| Amounts receivable within one year | 40/41 | €130,688 | €186,293 | +€55,606 | +42.5% |
| Trade receivables | 40 | - | €3,155 | +€3,155 | |
| Other amounts receivable | 41 | €130,688 | €183,139 | +€52,451 | +40.1% |
| Current investments | 50/53 | €1,400,000 | €500,000 | -€900,000 | -64.3% |
| Cash at bank and in hand | 54/58 | €148,280 | €1,059,495 | +€911,215 | +615% |
| Deferred charges and accrued income | 490/1 | €2,214 | €2,286 | +€72 | +3.3% |
| Total equity and liabilities | 10/49 | €1,943,879 | €2,004,837 | +€60,959 | +3.1% |
| Equity | 10/15 | €1,938,025 | €1,994,587 | +€56,562 | +2.9% |
| Contributions | 10/11 | €1,660,887 | €1,660,887 | = | 0.0% |
| Capital | 10 | €1,660,887 | €1,660,887 | = | 0.0% |
| Issued capital | 100 | €1,660,887 | €1,660,887 | = | 0.0% |
| Reserves | 13 | €277,138 | €333,700 | +€56,562 | +20.4% |
| Non-distributable reserves | 130/1 | €166,089 | €166,089 | = | 0.0% |
| Legal reserve | 130 | €166,089 | €166,089 | = | 0.0% |
| Distributable reserves | 133 | €111,050 | €167,612 | +€56,562 | +50.9% |
| Amounts payable | 17/49 | €5,854 | €10,250 | +€4,397 | +75.1% |
| Amounts payable within one year | 42/48 | €2,886 | €7,190 | +€4,303 | +149% |
| Trade debts | 44 | €1,873 | €1,533 | -€339 | -18.1% |
| Suppliers | 440/4 | €1,873 | €1,533 | -€339 | -18.1% |
| Taxes, remuneration and social security | 45 | €1,013 | €5,656 | +€4,643 | +458% |
| Taxes | 450/3 | €1,013 | €5,656 | +€4,643 | +458% |
| Accrued charges and deferred income | 492/3 | €2,968 | €3,061 | +€93 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,571 | €5,934 | -€13,637 | -69.7% |
| Other operating charges | 640/8 | €6,169 | €4,907 | -€1,262 | -20.5% |
| Gross operating margin | 9900 | €1,696 | €15,893 | +€14,197 | +837% |
| Operating profit (loss) | 9901 | -€24,045 | €5,051 | +€29,096 | |
| Financial income | 75/76B | €5,931 | €57,321 | +€51,391 | +867% |
| Recurring financial income | 75 | €5,931 | €57,321 | +€51,391 | +867% |
| Financial charges | 65/66B | €104 | €155 | +€50 | +48.0% |
| Recurring financial charges | 65 | €104 | €155 | +€50 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,218 | €62,218 | +€80,437 | |
| Income taxes | 67/77 | - | €5,656 | +€5,656 | |
| Profit (loss) for the period | 9904 | -€18,218 | €56,562 | +€74,780 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,218 | €56,562 | +€74,780 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.