F&L Elegance: 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.
F&L Elegance
Largest movements
- Cash +€29,735
up €29,735 (+110%), from €27,071 to €56,807
mainly Net result for the year (+€46,883) and Depreciation (+€23,035)
- Tangible fixed assets -€19,035
down €19,035 (-18.7%), from €101,859 to €82,823
- Receivables within one year -€1,967
down €1,967 (-6.4%), from €30,941 to €28,973
of which Trade receivables: -€2,972
- Other debts +€22,394
up €22,394 (+36.2%), from €61,930 to €84,325
- Debts after one year -€17,056
down €17,056 (-24.3%), from €70,069 to €53,013
- Tax, wage and social debts +€5,979
up €5,979 (+145%), from €4,122 to €10,101
- Trade debts -€1,893
down €1,893 (-75.9%), from €2,494 to €601
- Depreciation +€15,993
up €15,993 (+227%), from €7,042 to €23,035
- Taxes -€3,757
down €3,757 (-22.4%), from €16,787 to €13,031
- Financial charges +€3,752
up €3,752 (+810%), from €463 to €4,215
- Gross operating margin +€1,461
up €1,461 (+1.7%), from €86,436 to €87,897
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 | €162,276 | €172,488 | +€10,212 | +6.3% |
| Fixed assets | 21/28 | €101,880 | €82,823 | -€19,057 | -18.7% |
| Intangible fixed assets | 21 | €21 | - | -€21 | |
| Tangible fixed assets | 22/27 | €101,859 | €82,823 | -€19,035 | -18.7% |
| Furniture and vehicles | 24 | €101,859 | €82,823 | -€19,035 | -18.7% |
| Current assets | 29/58 | €60,397 | €89,665 | +€29,268 | +48.5% |
| Stocks and contracts in progress | 3 | €2,339 | €2,339 | = | 0.0% |
| Stocks | 30/36 | €2,339 | €2,339 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,941 | €28,973 | -€1,967 | -6.4% |
| Trade receivables | 40 | €29,724 | €26,751 | -€2,972 | -10.0% |
| Other amounts receivable | 41 | €1,217 | €2,222 | +€1,005 | +82.5% |
| Cash at bank and in hand | 54/58 | €27,071 | €56,807 | +€29,735 | +110% |
| Deferred charges and accrued income | 490/1 | €45 | €1,545 | +€1,500 | +3,327% |
| Total equity and liabilities | 10/49 | €162,276 | €172,488 | +€10,212 | +6.3% |
| Equity | 10/15 | €7,147 | €6,030 | -€1,117 | -15.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,147 | €30 | -€1,117 | -97.4% |
| Amounts payable | 17/49 | €155,129 | €166,458 | +€11,329 | +7.3% |
| Amounts payable after more than one year | 17 | €70,069 | €53,013 | -€17,056 | -24.3% |
| Financial debts | 170/4 | €70,069 | €53,013 | -€17,056 | -24.3% |
| Amounts payable within one year | 42/48 | €85,060 | €112,083 | +€27,022 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €16,514 | €17,056 | +€542 | +3.3% |
| Trade debts | 44 | €2,494 | €601 | -€1,893 | -75.9% |
| Suppliers | 440/4 | €2,494 | €601 | -€1,893 | -75.9% |
| Taxes, remuneration and social security | 45 | €4,122 | €10,101 | +€5,979 | +145% |
| Taxes | 450/3 | €4,122 | €10,101 | +€5,979 | +145% |
| Other amounts payable | 47/48 | €61,930 | €84,325 | +€22,394 | +36.2% |
| Accrued charges and deferred income | 492/3 | - | €1,363 | +€1,363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,042 | €23,035 | +€15,993 | +227% |
| Other operating charges | 640/8 | €709 | €963 | +€255 | +35.9% |
| Non-recurring operating charges | 66A | €941 | - | -€941 | |
| Gross operating margin | 9900 | €86,436 | €87,897 | +€1,461 | +1.7% |
| Operating profit (loss) | 9901 | €77,745 | €63,899 | -€13,845 | -17.8% |
| Financial income | 75/76B | €80 | €230 | +€149 | +185% |
| Recurring financial income | 75 | €80 | €230 | +€149 | +185% |
| Financial charges | 65/66B | €463 | €4,215 | +€3,752 | +810% |
| Recurring financial charges | 65 | €463 | €4,215 | +€3,752 | +810% |
| Profit (loss) for the period before taxes | 9903 | €77,362 | €59,914 | -€17,448 | -22.6% |
| Income taxes | 67/77 | €16,787 | €13,031 | -€3,757 | -22.4% |
| Profit (loss) for the period | 9904 | €60,574 | €46,883 | -€13,691 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,574 | €46,883 | -€13,691 | -22.6% |
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 15 October 2026 via checked.be.