HET ELFENNESTJE: what changed
What changed
HET ELFENNESTJE
NACE 88.911, Day nurseries and crèches
filed annual accounts (NBB)
Net result for the year
€15,325
2024 · €61,793-€46,468
Equity
€228,014
2024 · €219,939+€8,075
Cash
€6,237
2024 · €12,739-€6,502
Balance sheet total
€1.2m
2024 · €1.2m-€58,851
Largest movements
Assets
- Tangible fixed assets -€29,935
down €29,935 (-2.6%), from €1.2m to €1.1m
of which Land and buildings: -€26,799
- Receivables within one year -€21,553
down €21,553 (-62.9%), from €34,263 to €12,710
of which Other amounts receivable: -€21,051
Equity and liabilities
- Short-term financial debts -€165,000
no longer reported in 2025 (was €165,000)
- Current portion of long-term debt +€33,174
up €33,174 (+44.7%), from €74,293 to €107,467
- Debts after one year +€27,533
up €27,533 (+5.4%), from €509,817 to €537,350
- Tax, wage and social debts +€16,252
up €16,252 (+20.8%), from €78,184 to €94,436
of which Remuneration and social security: +€14,797
- Other debts +€14,985
up €14,985 (+10.5%), from €142,705 to €157,690
Income statement
- Staff costs +€79,251
up €79,251 (+22.0%), from €360,894 to €440,146
- Taxes -€20,713
down €20,713 (-76.0%), from €27,240 to €6,527
- Financial charges -€7,996
down €7,996 (-22.5%), from €35,492 to €27,497
- Gross operating margin +€5,896
up €5,896 (+1.1%), from €546,214 to €552,110
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.
Result 2024
€61,793
Gross operating margin
+€5,896
Staff costs
-€79,251
Depreciation
-€703
Other operating charges
-€95
Other operating items
-€176
Financial income
-€846
Financial charges
+€7,996
Taxes
+€20,713
Result 2025
€15,325
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€132,697
Investment
-€27,656
Financing
-€111,543
Cash 2024
€12,739
From operations (derived)
+€132,697
Net result for the year
+€15,325
Depreciation
+€57,591
Receivables within one year
+€21,553
Deferred charges and accrued income
+€861
Trade debts
+€7,830
Tax, wage and social debts
+€16,252
Advances received
-€1,700
Other debts
+€14,985
Investment (derived)
-€27,656
Investment in fixed assets (net)
-€27,656
Financing
-€111,543
Debts after one year
+€27,533
Current portion of long-term debt
+€33,174
Short-term financial debts
-€165,000
Contributions, distributions and other
-€7,250
Cash 2025
€6,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,220,301 | €1,161,451 | -€58,851 | -4.8% |
| Fixed assets | 21/28 | €1,170,453 | €1,140,518 | -€29,935 | -2.6% |
| Tangible fixed assets | 22/27 | €1,170,453 | €1,140,518 | -€29,935 | -2.6% |
| Land and buildings | 22 | €1,163,412 | €1,136,612 | -€26,799 | -2.3% |
| Plant, machinery and equipment | 23 | €5,505 | €3,337 | -€2,168 | -39.4% |
| Furniture and vehicles | 24 | €1,537 | €569 | -€968 | -63.0% |
| Current assets | 29/58 | €49,848 | €20,932 | -€28,916 | -58.0% |
| Amounts receivable within one year | 40/41 | €34,263 | €12,710 | -€21,553 | -62.9% |
| Trade receivables | 40 | €7,662 | €7,160 | -€502 | -6.5% |
| Other amounts receivable | 41 | €26,601 | €5,549 | -€21,051 | -79.1% |
| Cash at bank and in hand | 54/58 | €12,739 | €6,237 | -€6,502 | -51.0% |
| Deferred charges and accrued income | 490/1 | €2,846 | €1,985 | -€861 | -30.2% |
| Total equity and liabilities | 10/49 | €1,220,301 | €1,161,451 | -€58,851 | -4.8% |
| Equity | 10/15 | €219,939 | €228,014 | +€8,075 | +3.7% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €161,339 | €169,414 | +€8,075 | +5.0% |
| Distributable reserves | 133 | €161,339 | €169,414 | +€8,075 | +5.0% |
| Amounts payable | 17/49 | €1,000,362 | €933,437 | -€66,926 | -6.7% |
| Amounts payable after more than one year | 17 | €509,817 | €537,350 | +€27,533 | +5.4% |
| Financial debts | 170/4 | €509,817 | €537,350 | +€27,533 | +5.4% |
| Amounts payable within one year | 42/48 | €490,545 | €396,086 | -€94,459 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €74,293 | €107,467 | +€33,174 | +44.7% |
| Financial debts | 43 | €165,000 | - | -€165,000 | |
| Credit institutions | 430/8 | €165,000 | - | -€165,000 | |
| Trade debts | 44 | €10,064 | €17,894 | +€7,830 | +77.8% |
| Suppliers | 440/4 | €10,064 | €17,894 | +€7,830 | +77.8% |
| Advances received on contracts in progress | 46 | €20,300 | €18,600 | -€1,700 | -8.4% |
| Taxes, remuneration and social security | 45 | €78,184 | €94,436 | +€16,252 | +20.8% |
| Taxes | 450/3 | €24,313 | €25,768 | +€1,455 | +6.0% |
| Remuneration and social security | 454/9 | €53,870 | €68,668 | +€14,797 | +27.5% |
| Other amounts payable | 47/48 | €142,705 | €157,690 | +€14,985 | +10.5% |
| Remuneration, social security and pensions | 62 | €360,894 | €440,146 | +€79,251 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,888 | €57,591 | +€703 | +1.2% |
| Other operating charges | 640/8 | €4,757 | €4,853 | +€95 | +2.0% |
| Non-recurring operating charges | 66A | - | €176 | +€176 | |
| Gross operating margin | 9900 | €546,214 | €552,110 | +€5,896 | +1.1% |
| Operating profit (loss) | 9901 | €123,675 | €49,344 | -€74,331 | -60.1% |
| Financial income | 75/76B | €851 | €5 | -€846 | -99.4% |
| Recurring financial income | 75 | €851 | €5 | -€846 | -99.4% |
| Financial charges | 65/66B | €35,492 | €27,497 | -€7,996 | -22.5% |
| Recurring financial charges | 65 | €35,492 | €27,497 | -€7,996 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €89,033 | €21,852 | -€67,181 | -75.5% |
| Income taxes | 67/77 | €27,240 | €6,527 | -€20,713 | -76.0% |
| Profit (loss) for the period | 9904 | €61,793 | €15,325 | -€46,468 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,793 | €15,325 | -€46,468 | -75.2% |
Next steps
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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 4 November 2026 via checked.be.