Les Elfes: what changed
Two fiscal 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.
What changed
Les Elfes
NACE 87.304, Residential care activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€186,367
2024 · €153,470+€32,896
Equity
€3.8m
2024 · €3.6m+€128,887
Cash
€627,677
2024 · €1.6m-€946,278
Balance sheet total
€5.1m
2024 · €5.1m-€46,184
Largest movements
Assets
- Current investments +€1.1m
up €1.1m, from €0 to €1.1m
- Cash -€946,278
down €946,278 (-60.1%), from €1.6m to €627,677
mainly Current investments (-€1.1m) and Provisions (-€150,000)
- Tangible fixed assets -€120,030
down €120,030 (-3.8%), from €3.1m to €3.0m
of which Land and buildings: -€115,761
- Deferred charges and accrued income -€83,940
down €83,940 (-82.9%), from €101,272 to €17,332
Equity and liabilities
- Profit (loss) carried forward +€187,483
up €187,483 (+16.0%), from €1.2m to €1.4m
- Provisions -€150,000
down €150,000 (-100.0%), from €150,000 to €0
of which Provisions for liabilities and charges: -€150,000
Income statement
- Turnover -€4.0m
down €4.0m (-100.0%), from €4.0m to €0
- Other operating charges +€189,815
up €189,815 (+29.9%), from €635,717 to €825,532
- Gross operating margin +€128,759
up €128,759 (+3.5%), from €3.7m to €3.8m
- Staff costs +€88,410
up €88,410 (+3.2%), from €2.7m to €2.8m
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.
Result 2024
€153,470
Gross operating margin
+€128,759
Staff costs
-€88,410
Depreciation
-€984
Other operating charges
-€189,815
Other operating items
+€149,900
Financial income
+€33,158
Financial charges
+€289
Result 2025
€186,367
Cash bridge derived
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.
From operations
+€305,417
Investment
-€1.2m
Financing
-€90,305
Cash 2024
€1.6m
From operations (derived)
+€305,417
Net result for the year
+€186,367
Depreciation
+€181,420
Receivables within one year
-€4,064
Deferred charges and accrued income
+€83,940
Provisions
-€150,000
Debts within one year
+€7,754
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€61,390
Current investments
-€1.1m
Financing
-€90,305
Debts after one year
-€32,826
Contributions, distributions and other
-€57,479
Cash 2025
€627,677
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,125,806 | €5,079,622 | -€46,184 | -0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,147,887 | €3,027,857 | -€120,030 | -3.8% |
| Tangible fixed assets | 22/27 | €3,147,887 | €3,027,857 | -€120,030 | -3.8% |
| Land and buildings | 22 | €3,088,982 | €2,973,221 | -€115,761 | -3.7% |
| Plant, machinery and equipment | 23 | €45,866 | €43,072 | -€2,794 | -6.1% |
| Furniture and vehicles | 24 | €13,039 | €11,564 | -€1,475 | -11.3% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €1,977,919 | €2,051,765 | +€73,846 | +3.7% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €302,692 | €306,756 | +€4,064 | +1.3% |
| Trade receivables | 40 | €91,261 | €134,939 | +€43,677 | +47.9% |
| Other amounts receivable | 41 | €211,430 | €171,817 | -€39,613 | -18.7% |
| Current investments | 50/53 | €0 | €1,100,000 | +€1.1m | |
| Cash at bank and in hand | 54/58 | €1,573,955 | €627,677 | -€946,278 | -60.1% |
| Deferred charges and accrued income | 490/1 | €101,272 | €17,332 | -€83,940 | -82.9% |
| Total equity and liabilities | 10/49 | €5,125,806 | €5,079,622 | -€46,184 | -0.9% |
| Equity | 10/15 | €3,638,023 | €3,766,911 | +€128,887 | +3.5% |
| Contributions | 10/11 | €630,135 | €630,135 | = | 0.0% |
| Capital | 10 | €630,135 | €630,135 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €856,131 | €818,673 | -€37,458 | -4.4% |
| Profit (loss) carried forward | 14 | €1,168,754 | €1,356,237 | +€187,483 | +16.0% |
| Investment grants | 15 | €983,003 | €961,866 | -€21,137 | -2.2% |
| Provisions and deferred taxes | 16 | €150,000 | €0 | -€150,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €150,000 | €0 | -€150,000 | -100.0% |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €150,000 | €0 | -€150,000 | -100.0% |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,337,782 | €1,312,711 | -€25,071 | -1.9% |
| Amounts payable after more than one year | 17 | €332,130 | €299,305 | -€32,826 | -9.9% |
| Financial debts | 170/4 | €332,130 | €299,305 | -€32,826 | -9.9% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €1,005,652 | €1,013,406 | +€7,754 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €32,551 | €32,826 | +€275 | +0.8% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €305,017 | €39,551 | -€265,466 | -87.0% |
| Suppliers | 440/4 | €305,017 | €39,551 | -€265,466 | -87.0% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €287,829 | €549,714 | +€261,885 | +91.0% |
| Taxes | 450/3 | €0 | €49,546 | +€49,546 | |
| Remuneration and social security | 454/9 | €287,829 | €500,168 | +€212,339 | +73.8% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €3,981,509 | €0 | -€4.0m | -100.0% |
| Non-recurring operating income | 76A | €4,973 | €48 | -€4,925 | -99.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €335,038 | €367,768 | +€32,730 | +9.8% |
| Remuneration, social security and pensions | 62 | €2,748,161 | €2,836,571 | +€88,410 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,436 | €181,420 | +€984 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €635,717 | €825,532 | +€189,815 | +29.9% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €0 | €100 | +€100 | |
| Gross operating margin | 9900 | €3,651,444 | €3,780,203 | +€128,759 | +3.5% |
| Operating profit (loss) | 9901 | €87,130 | €86,580 | -€551 | -0.6% |
| Financial income | 75/76B | €69,735 | €102,893 | +€33,158 | +47.5% |
| Recurring financial income | 75 | €69,735 | €102,893 | +€33,158 | +47.5% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €3,395 | €3,106 | -€289 | -8.5% |
| Recurring financial charges | 65 | €3,395 | €3,106 | -€289 | -8.5% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €153,470 | €186,367 | +€32,896 | +21.4% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €153,470 | €186,367 | +€32,896 | +21.4% |
| Transfer from tax-exempt reserves | 789 | €0 | €0 | = | |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €153,470 | €186,367 | +€32,896 | +21.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.