TEN ELZAS: what changed
Two financial 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.
TEN ELZAS
Largest movements
- Cash +€1,138
up €1,138 (+90.7%), from €1,255 to €2,393
mainly Other debts (+€2,236)
- Other debts +€2,236
up €2,236 (+3.4%), from €65,060 to €67,297
- Profit (loss) carried forward -€983
down €983 (-39.6%), from -€2,482 to -€3,465
- Gross operating margin +€90
up €90 (+139%), from €64 to €154
- Other operating charges +€35
up €35 (+3.4%), from €1,040 to €1,075
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.
Derived cash bridge
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 | €82,150 | €83,289 | +€1,138 | +1.4% |
| Fixed assets | 21/28 | €80,896 | €80,896 | = | 0.0% |
| Tangible fixed assets | 22/27 | €80,896 | €80,896 | = | 0.0% |
| Land and buildings | 22 | €80,896 | €80,896 | = | 0.0% |
| Current assets | 29/58 | €1,255 | €2,393 | +€1,138 | +90.7% |
| Cash at bank and in hand | 54/58 | €1,255 | €2,393 | +€1,138 | +90.7% |
| Total equity and liabilities | 10/49 | €82,150 | €83,289 | +€1,138 | +1.4% |
| Equity | 10/15 | €16,110 | €15,127 | -€983 | -6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,482 | -€3,465 | -€983 | -39.6% |
| Amounts payable | 17/49 | €66,040 | €68,162 | +€2,122 | +3.2% |
| Amounts payable within one year | 42/48 | €66,040 | €68,162 | +€2,122 | +3.2% |
| Trade debts | 44 | €980 | €865 | -€115 | -11.7% |
| Suppliers | 440/4 | €980 | €865 | -€115 | -11.7% |
| Other amounts payable | 47/48 | €65,060 | €67,297 | +€2,236 | +3.4% |
| Other operating charges | 640/8 | €1,040 | €1,075 | +€35 | +3.4% |
| Gross operating margin | 9900 | €64 | €154 | +€90 | +139% |
| Operating profit (loss) | 9901 | -€976 | -€921 | +€55 | +5.6% |
| Financial charges | 65/66B | €62 | €62 | +€1 | +0.8% |
| Recurring financial charges | 65 | €62 | €62 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,037 | -€983 | +€54 | +5.2% |
| Profit (loss) for the period | 9904 | -€1,037 | -€983 | +€54 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,037 | -€983 | +€54 | +5.2% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.