So Elle: 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.
So Elle
Largest movements
- Receivables within one year +€25,392
up €25,392 (+709.9%), from €3,577 to €28,969
of which Other amounts receivable: +€22,312
- Cash +€4,225
up €4,225 (+215.1%), from €1,964 to €6,189
mainly Net result for the year (+€28,758) and Tax, wage and social debts (+€13,423)
- Tangible fixed assets -€1,117
down €1,117 (-8.6%), from €13,054 to €11,937
of which Furniture and vehicles: -€5,160
- Reserves +€13,555
new in 2025: €13,555
- Tax, wage and social debts +€13,423
up €13,423 (+4755.2%), from €282 to €13,706
of which Taxes: +€11,423
- Trade debts +€992
up €992 (+53.6%), from €1,851 to €2,843
- Other debts -€517
down €517 (-3.3%), from €15,517 to €15,000
- Accrued charges and deferred income +€485
new in 2025: €485
- Gross operating margin +€37,440
up €37,440 (+1164.0%), from €3,216 to €40,656
- Taxes +€4,193
up €4,193 (+1485.2%), from €282 to €4,475
- Depreciation +€2,978
up €2,978 (+115.1%), from €2,588 to €5,566
- Other operating charges +€1,374
up €1,374 (+247.9%), from €554 to €1,928
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 | €19,948 | €48,145 | +€28,197 | +141.4% |
| Formation expenses | 20 | €1,352 | €1,049 | -€303 | -22.4% |
| Fixed assets | 21/28 | €13,054 | €11,937 | -€1,117 | -8.6% |
| Tangible fixed assets | 22/27 | €13,054 | €11,937 | -€1,117 | -8.6% |
| Land and buildings | 22 | - | €4,043 | +€4,043 | |
| Furniture and vehicles | 24 | €13,054 | €7,895 | -€5,160 | -39.5% |
| Current assets | 29/58 | €5,541 | €35,158 | +€29,617 | +534.5% |
| Amounts receivable within one year | 40/41 | €3,577 | €28,969 | +€25,392 | +709.9% |
| Trade receivables | 40 | €3,335 | €6,415 | +€3,080 | +92.4% |
| Other amounts receivable | 41 | €242 | €22,554 | +€22,312 | +9218.7% |
| Cash at bank and in hand | 54/58 | €1,964 | €6,189 | +€4,225 | +215.1% |
| Total equity and liabilities | 10/49 | €19,948 | €48,145 | +€28,197 | +141.4% |
| Equity | 10/15 | €2,297 | €16,055 | +€13,758 | +598.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €13,555 | +€13,555 | |
| Distributable reserves | 133 | - | €13,555 | +€13,555 | |
| Profit (loss) carried forward | 14 | -€203 | - | +€203 | |
| Amounts payable | 17/49 | €17,651 | €32,090 | +€14,439 | +81.8% |
| Amounts payable within one year | 42/48 | €17,651 | €31,604 | +€13,954 | +79.1% |
| Financial debts | 43 | - | €56 | +€56 | |
| Credit institutions | 430/8 | - | €56 | +€56 | |
| Trade debts | 44 | €1,851 | €2,843 | +€992 | +53.6% |
| Suppliers | 440/4 | €1,851 | €2,843 | +€992 | +53.6% |
| Taxes, remuneration and social security | 45 | €282 | €13,706 | +€13,423 | +4755.2% |
| Taxes | 450/3 | €282 | €11,706 | +€11,423 | +4046.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €15,517 | €15,000 | -€517 | -3.3% |
| Accrued charges and deferred income | 492/3 | - | €485 | +€485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,588 | €5,566 | +€2,978 | +115.1% |
| Other operating charges | 640/8 | €554 | €1,928 | +€1,374 | +247.9% |
| Gross operating margin | 9900 | €3,216 | €40,656 | +€37,440 | +1164.0% |
| Operating profit (loss) | 9901 | €74 | €33,162 | +€33,088 | +44755.5% |
| Financial income | 75/76B | €6 | €213 | +€208 | +3680.9% |
| Recurring financial income | 75 | €6 | €213 | +€208 | +3680.9% |
| Financial charges | 65/66B | - | €142 | +€142 | |
| Recurring financial charges | 65 | - | €142 | +€142 | |
| Profit (loss) for the period before taxes | 9903 | €80 | €33,233 | +€33,153 | +41665.1% |
| Income taxes | 67/77 | €282 | €4,475 | +€4,193 | +1485.2% |
| Profit (loss) for the period | 9904 | -€203 | €28,758 | +€28,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€203 | €28,758 | +€28,960 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.