Elyse Vandevelde: what changed
Elyse Vandevelde
Largest movements
- Cash -€61,098
down €61,098 (-59.2%), from €103,135 to €42,037
mainly Contributions, distributions and other (-€109,332) and Tax, wage and social debts (-€7,015)
- Receivables within one year -€2,510
down €2,510 (-25.3%), from €9,911 to €7,400
of which Trade receivables: -€3,784
- Reserves -€82,262
down €82,262 (-100%), from €82,262 to €0
- Other debts +€25,082
up €25,082 (+604%), from €4,150 to €29,232
- Tax, wage and social debts -€7,015
down €7,015 (-30.0%), from €23,412 to €16,396
of which Taxes: -€9,240
- Gross operating margin -€1,226
down €1,226 (-3.4%), from €36,101 to €34,875
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,046 | €49,437 | -€63,608 | -56.3% |
| Current assets | 29/58 | €113,046 | €49,437 | -€63,608 | -56.3% |
| Amounts receivable within one year | 40/41 | €9,911 | €7,400 | -€2,510 | -25.3% |
| Trade receivables | 40 | €9,911 | €6,126 | -€3,784 | -38.2% |
| Other amounts receivable | 41 | - | €1,274 | +€1,274 | |
| Cash at bank and in hand | 54/58 | €103,135 | €42,037 | -€61,098 | -59.2% |
| Total equity and liabilities | 10/49 | €113,046 | €49,437 | -€63,608 | -56.3% |
| Equity | 10/15 | €85,262 | €3,000 | -€82,262 | -96.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €82,262 | €0 | -€82,262 | -100% |
| Distributable reserves | 133 | €82,262 | €0 | -€82,262 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,783 | €46,437 | +€18,654 | +67.1% |
| Amounts payable within one year | 42/48 | €27,783 | €45,628 | +€17,845 | +64.2% |
| Trade debts | 44 | €222 | €0 | -€222 | -100% |
| Suppliers | 440/4 | €222 | €0 | -€222 | -100% |
| Taxes, remuneration and social security | 45 | €23,412 | €16,396 | -€7,015 | -30.0% |
| Taxes | 450/3 | €23,412 | €14,171 | -€9,240 | -39.5% |
| Remuneration and social security | 454/9 | €0 | €2,225 | +€2,225 | |
| Other amounts payable | 47/48 | €4,150 | €29,232 | +€25,082 | +604% |
| Accrued charges and deferred income | 492/3 | - | €809 | +€809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €36,101 | €34,875 | -€1,226 | -3.4% |
| Operating profit (loss) | 9901 | €35,596 | €34,356 | -€1,240 | -3.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €73 | €59 | -€13 | -18.5% |
| Recurring financial charges | 65 | €73 | €59 | -€13 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €35,523 | €34,296 | -€1,227 | -3.5% |
| Income taxes | 67/77 | €7,384 | €7,226 | -€158 | -2.1% |
| Profit (loss) for the period | 9904 | €28,139 | €27,070 | -€1,069 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,139 | €27,070 | -€1,069 | -3.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.