Elst S: 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.
Elst S
Largest movements
- Cash +€10,394
up €10,394 (+286%), from €3,628 to €14,022
mainly Other debts (+€14,510) and Net result for the year (+€12,842)
- Deferred charges and accrued income -€3,315
down €3,315 (-20.0%), from €16,575 to €13,260
- Receivables within one year -€2,791
down €2,791 (-17.9%), from €15,565 to €12,775
of which Other amounts receivable: -€5,677
- Tangible fixed assets +€2,533
new in 2025: €2,533
of which Furniture and vehicles: +€1,427
- Profit (loss) carried forward -€22,626
down €22,626 (-100%), from €22,626 to €0
- Other debts +€14,510
new in 2025: €14,510
- Tax, wage and social debts +€8,711
up €8,711 (+160%), from €5,442 to €14,153
- Reserves +€8,467
new in 2025: €8,467
- Trade debts -€1,596
down €1,596 (-36.0%), from €4,430 to €2,834
- Gross operating margin -€5,837
down €5,837 (-24.4%), from €23,960 to €18,123
- Taxes -€467
down €467 (-9.1%), from €5,128 to €4,661
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 | €35,768 | €42,589 | +€6,821 | +19.1% |
| Fixed assets | 21/28 | - | €2,533 | +€2,533 | |
| Tangible fixed assets | 22/27 | - | €2,533 | +€2,533 | |
| Plant, machinery and equipment | 23 | - | €1,106 | +€1,106 | |
| Furniture and vehicles | 24 | - | €1,427 | +€1,427 | |
| Current assets | 29/58 | €35,768 | €40,056 | +€4,288 | +12.0% |
| Amounts receivable within one year | 40/41 | €15,565 | €12,775 | -€2,791 | -17.9% |
| Trade receivables | 40 | €7,789 | €10,675 | +€2,886 | +37.1% |
| Other amounts receivable | 41 | €7,776 | €2,100 | -€5,677 | -73.0% |
| Cash at bank and in hand | 54/58 | €3,628 | €14,022 | +€10,394 | +286% |
| Deferred charges and accrued income | 490/1 | €16,575 | €13,260 | -€3,315 | -20.0% |
| Total equity and liabilities | 10/49 | €35,768 | €42,589 | +€6,821 | +19.1% |
| Equity | 10/15 | €24,626 | €10,467 | -€14,158 | -57.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €8,467 | +€8,467 | |
| Distributable reserves | 133 | - | €8,467 | +€8,467 | |
| Profit (loss) carried forward | 14 | €22,626 | €0 | -€22,626 | -100% |
| Amounts payable | 17/49 | €11,143 | €32,122 | +€20,979 | +188% |
| Amounts payable within one year | 42/48 | €9,872 | €31,498 | +€21,625 | +219% |
| Trade debts | 44 | €4,430 | €2,834 | -€1,596 | -36.0% |
| Suppliers | 440/4 | €4,430 | €2,834 | -€1,596 | -36.0% |
| Taxes, remuneration and social security | 45 | €5,442 | €14,153 | +€8,711 | +160% |
| Taxes | 450/3 | €5,442 | €14,153 | +€8,711 | +160% |
| Other amounts payable | 47/48 | - | €14,510 | +€14,510 | |
| Accrued charges and deferred income | 492/3 | €1,270 | €624 | -€646 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €181 | +€181 | |
| Other operating charges | 640/8 | €906 | €715 | -€191 | -21.1% |
| Gross operating margin | 9900 | €23,960 | €18,123 | -€5,837 | -24.4% |
| Operating profit (loss) | 9901 | €23,054 | €17,228 | -€5,827 | -25.3% |
| Financial income | 75/76B | €192 | €394 | +€203 | +106% |
| Recurring financial income | 75 | €192 | €394 | +€203 | +106% |
| Financial charges | 65/66B | €92 | €119 | +€27 | +29.3% |
| Recurring financial charges | 65 | €92 | €119 | +€27 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €23,154 | €17,503 | -€5,651 | -24.4% |
| Income taxes | 67/77 | €5,128 | €4,661 | -€467 | -9.1% |
| Profit (loss) for the period | 9904 | €18,026 | €12,842 | -€5,184 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,026 | €12,842 | -€5,184 | -28.8% |
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 18 October 2026 via checked.be.