L'ELEPHANT BLANC: what changed
What changed
L'ELEPHANT BLANC
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€53,344
2024 · €31,204+€22,140
Equity
€169,275
2024 · €115,931+€53,344
Cash
€186,225
2024 · €89,613+€96,612
Balance sheet total
€361,621
2024 · €154,205+€207,415
Largest movements
Assets
- Tangible fixed assets +€116,091
up €116,091 (+223%), from €52,174 to €168,264
of which Assets under construction and advance payments: +€104,711
- Cash +€96,612
up €96,612 (+108%), from €89,613 to €186,225
mainly Other debts (+€138,076) and Net result for the year (+€53,344)
Equity and liabilities
- Other debts +€138,076
up €138,076 (+5,594%), from €2,468 to €140,544
- Reserves +€53,344
up €53,344 (+50.4%), from €105,931 to €159,275
- Trade debts +€10,821
up €10,821 (+168%), from €6,434 to €17,256
- Tax, wage and social debts +€5,175
up €5,175 (+17.6%), from €29,372 to €34,546
of which Remuneration and social security: +€9,037
Income statement
- Gross operating margin +€62,644
up €62,644 (+32.5%), from €192,720 to €255,363
- Staff costs +€34,923
up €34,923 (+27.3%), from €127,979 to €162,901
- Depreciation +€6,414
up €6,414 (+47.5%), from €13,493 to €19,907
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
€31,204
Gross operating margin
+€62,644
Staff costs
-€34,923
Depreciation
-€6,414
Other operating charges
+€86
Other operating items
+€280
Financial income
-€14
Financial charges
+€401
Taxes
+€80
Result 2025
€53,344
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
+€230,942
Investment
-€134,331
Financing
€0
Cash 2024
€89,613
From operations (derived)
+€230,942
Net result for the year
+€53,344
Depreciation
+€19,907
Stocks and contracts
+€2,672
Receivables within one year
+€7
Deferred charges and accrued income
+€941
Trade debts
+€10,821
Tax, wage and social debts
+€5,175
Other debts
+€138,076
Investment (derived)
-€134,331
Investment in fixed assets (net)
-€134,331
Cash 2025
€186,225
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,205 | €361,621 | +€207,415 | +135% |
| Fixed assets | 21/28 | €55,441 | €169,864 | +€114,424 | +206% |
| Intangible fixed assets | 21 | €1,667 | - | -€1,667 | |
| Tangible fixed assets | 22/27 | €52,174 | €168,264 | +€116,091 | +223% |
| Land and buildings | 22 | €11,582 | €16,232 | +€4,650 | +40.1% |
| Plant, machinery and equipment | 23 | €22,054 | €26,867 | +€4,812 | +21.8% |
| Furniture and vehicles | 24 | €7,807 | €14,423 | +€6,616 | +84.7% |
| Other tangible fixed assets | 26 | €10,730 | €6,032 | -€4,698 | -43.8% |
| Assets under construction and advance payments | 27 | - | €104,711 | +€104,711 | |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €98,765 | €191,757 | +€92,992 | +94.2% |
| Stocks and contracts in progress | 3 | €7,542 | €4,870 | -€2,672 | -35.4% |
| Stocks | 30/36 | €7,542 | €4,870 | -€2,672 | -35.4% |
| Amounts receivable within one year | 40/41 | €308 | €301 | -€7 | -2.4% |
| Trade receivables | 40 | €225 | - | -€225 | |
| Other amounts receivable | 41 | €83 | €301 | +€218 | +261% |
| Cash at bank and in hand | 54/58 | €89,613 | €186,225 | +€96,612 | +108% |
| Deferred charges and accrued income | 490/1 | €1,302 | €361 | -€941 | -72.3% |
| Total equity and liabilities | 10/49 | €154,205 | €361,621 | +€207,415 | +135% |
| Equity | 10/15 | €115,931 | €169,275 | +€53,344 | +46.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €105,931 | €159,275 | +€53,344 | +50.4% |
| Distributable reserves | 133 | €105,931 | €159,275 | +€53,344 | +50.4% |
| Amounts payable | 17/49 | €38,274 | €192,346 | +€154,072 | +403% |
| Amounts payable within one year | 42/48 | €38,274 | €192,346 | +€154,072 | +403% |
| Trade debts | 44 | €6,434 | €17,256 | +€10,821 | +168% |
| Suppliers | 440/4 | €6,434 | €17,256 | +€10,821 | +168% |
| Taxes, remuneration and social security | 45 | €29,372 | €34,546 | +€5,175 | +17.6% |
| Taxes | 450/3 | €21,206 | €17,344 | -€3,862 | -18.2% |
| Remuneration and social security | 454/9 | €8,166 | €17,203 | +€9,037 | +111% |
| Other amounts payable | 47/48 | €2,468 | €140,544 | +€138,076 | +5,594% |
| Remuneration, social security and pensions | 62 | €127,979 | €162,901 | +€34,923 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,493 | €19,907 | +€6,414 | +47.5% |
| Other operating charges | 640/8 | €1,605 | €1,519 | -€86 | -5.4% |
| Non-recurring operating charges | 66A | €280 | - | -€280 | |
| Gross operating margin | 9900 | €192,720 | €255,363 | +€62,644 | +32.5% |
| Operating profit (loss) | 9901 | €49,364 | €71,037 | +€21,673 | +43.9% |
| Financial income | 75/76B | €16 | €1 | -€14 | -91.4% |
| Recurring financial income | 75 | €16 | €1 | -€14 | -91.4% |
| Financial charges | 65/66B | €3,808 | €3,407 | -€401 | -10.5% |
| Recurring financial charges | 65 | €3,698 | €3,407 | -€291 | -7.9% |
| Non-recurring financial charges | 66B | €110 | - | -€110 | |
| Profit (loss) for the period before taxes | 9903 | €45,571 | €67,631 | +€22,060 | +48.4% |
| Income taxes | 67/77 | €14,367 | €14,287 | -€80 | -0.6% |
| Profit (loss) for the period | 9904 | €31,204 | €53,344 | +€22,140 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,204 | €53,344 | +€22,140 | +71.0% |
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 2 November 2026 via checked.be.