PRODUCT ELIXIR: 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.
PRODUCT ELIXIR
Largest movements
- Tangible fixed assets +€50,644
up €50,644 (+749.5%), from €6,757 to €57,401
of which Furniture and vehicles: +€49,336
- Receivables within one year +€13,813
up €13,813 (+435.5%), from €3,172 to €16,985
of which Trade receivables: +€16,598
- Cash +€9,889
up €9,889 (+131.2%), from €7,538 to €17,427
mainly Debts after one year (+€49,889) and Net result for the year (+€31,047)
- Deferred charges and accrued income -€2,690
down €2,690 (-45.8%), from €5,870 to €3,180
- Debts after one year +€49,889
new in 2025: €49,889
of which Other amounts payable: +€27,000
- Other debts +€24,144
up €24,144 (+23215.3%), from €104 to €24,248
- Profit (loss) carried forward -€16,007
down €16,007 (-68.8%), from €23,265 to €7,258
- Current portion of long-term debt +€7,111
new in 2025: €7,111
- Tax, wage and social debts +€5,829
up €5,829 (+115.7%), from €5,039 to €10,868
- Gross operating margin +€42,816
up €42,816 (+1317.4%), from €3,250 to €46,066
- Taxes +€8,330
up €8,330 (+2695.9%), from €309 to €8,639
- Depreciation +€1,839
up €1,839 (+106.2%), from €1,731 to €3,570
- Other operating charges +€534
up €534 (+138.0%), from €387 to €921
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,792 | €104,448 | +€71,656 | +218.5% |
| Fixed assets | 21/28 | €6,757 | €57,401 | +€50,644 | +749.5% |
| Tangible fixed assets | 22/27 | €6,757 | €57,401 | +€50,644 | +749.5% |
| Plant, machinery and equipment | 23 | - | €1,308 | +€1,308 | |
| Furniture and vehicles | 24 | €6,757 | €56,093 | +€49,336 | +730.2% |
| Current assets | 29/58 | €26,035 | €47,047 | +€21,012 | +80.7% |
| Amounts receivable within one year | 40/41 | €3,172 | €16,985 | +€13,813 | +435.5% |
| Trade receivables | 40 | €387 | €16,985 | +€16,598 | +4289.0% |
| Other amounts receivable | 41 | €2,785 | - | -€2,785 | |
| Current investments | 50/53 | €9,455 | €9,455 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €7,538 | €17,427 | +€9,889 | +131.2% |
| Deferred charges and accrued income | 490/1 | €5,870 | €3,180 | -€2,690 | -45.8% |
| Total equity and liabilities | 10/49 | €32,792 | €104,448 | +€71,656 | +218.5% |
| Equity | 10/15 | €27,265 | €11,258 | -€16,007 | -58.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,265 | €7,258 | -€16,007 | -68.8% |
| Amounts payable | 17/49 | €5,527 | €93,190 | +€87,663 | +1586.1% |
| Amounts payable after more than one year | 17 | - | €49,889 | +€49,889 | |
| Financial debts | 170/4 | - | €22,889 | +€22,889 | |
| Other amounts payable | 178/9 | - | €27,000 | +€27,000 | |
| Amounts payable within one year | 42/48 | €5,527 | €43,301 | +€37,774 | +683.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,111 | +€7,111 | |
| Trade debts | 44 | €384 | €1,074 | +€690 | +179.8% |
| Suppliers | 440/4 | €384 | €1,074 | +€690 | +179.8% |
| Taxes, remuneration and social security | 45 | €5,039 | €10,868 | +€5,829 | +115.7% |
| Taxes | 450/3 | €5,039 | €10,868 | +€5,829 | +115.7% |
| Other amounts payable | 47/48 | €104 | €24,248 | +€24,144 | +23215.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,731 | €3,570 | +€1,839 | +106.2% |
| Other operating charges | 640/8 | €387 | €921 | +€534 | +138.0% |
| Gross operating margin | 9900 | €3,250 | €46,066 | +€42,816 | +1317.4% |
| Operating profit (loss) | 9901 | €1,132 | €41,575 | +€40,443 | +3572.7% |
| Financial income | 75/76B | €61 | €193 | +€132 | +217.0% |
| Recurring financial income | 75 | €61 | €193 | +€132 | +217.0% |
| Financial charges | 65/66B | €2,244 | €2,082 | -€162 | -7.2% |
| Recurring financial charges | 65 | €2,244 | €2,082 | -€162 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,051 | €39,687 | +€40,738 | |
| Income taxes | 67/77 | €309 | €8,639 | +€8,330 | +2695.9% |
| Profit (loss) for the period | 9904 | -€1,360 | €31,047 | +€32,407 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,360 | €31,047 | +€32,407 |
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 1 October 2026 via checked.be.