Twenty Eleven: 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.
Twenty Eleven
Largest movements
- Cash +€16,470
up €16,470 (+150%), from €11,006 to €27,476
mainly Net result for the year (+€14,581) and Receivables within one year (+€12,521)
- Receivables within one year -€12,521
down €12,521 (-58.1%), from €21,540 to €9,020
of which Other amounts receivable: -€14,335
- Tax, wage and social debts +€6,386
up €6,386 (+64.8%), from €9,860 to €16,246
- Trade debts -€2,435
down €2,435 (-91.6%), from €2,659 to €224
- Gross operating margin +€15,256
up €15,256 (+288%), from €5,289 to €20,545
- Taxes +€3,483
up €3,483 (+207%), from €1,681 to €5,164
- Other operating charges -€632
down €632 (-49.3%), from €1,281 to €649
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 | €33,001 | €36,952 | +€3,951 | +12.0% |
| Current assets | 29/58 | €33,001 | €36,952 | +€3,951 | +12.0% |
| Amounts receivable within one year | 40/41 | €21,540 | €9,020 | -€12,521 | -58.1% |
| Trade receivables | 40 | €415 | €2,229 | +€1,814 | +437% |
| Other amounts receivable | 41 | €21,125 | €6,790 | -€14,335 | -67.9% |
| Cash at bank and in hand | 54/58 | €11,006 | €27,476 | +€16,470 | +150% |
| Deferred charges and accrued income | 490/1 | €455 | €457 | +€2 | +0.5% |
| Total equity and liabilities | 10/49 | €33,001 | €36,952 | +€3,951 | +12.0% |
| Equity | 10/15 | €20,482 | €20,482 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,482 | €17,482 | = | 0.0% |
| Distributable reserves | 133 | €17,482 | €17,482 | = | 0.0% |
| Amounts payable | 17/49 | €12,519 | €16,470 | +€3,951 | +31.6% |
| Amounts payable within one year | 42/48 | €12,519 | €16,470 | +€3,951 | +31.6% |
| Trade debts | 44 | €2,659 | €224 | -€2,435 | -91.6% |
| Suppliers | 440/4 | €2,659 | €224 | -€2,435 | -91.6% |
| Taxes, remuneration and social security | 45 | €9,860 | €16,246 | +€6,386 | +64.8% |
| Taxes | 450/3 | €9,860 | €16,246 | +€6,386 | +64.8% |
| Other operating charges | 640/8 | €1,281 | €649 | -€632 | -49.3% |
| Gross operating margin | 9900 | €5,289 | €20,545 | +€15,256 | +288% |
| Operating profit (loss) | 9901 | €4,008 | €19,896 | +€15,888 | +396% |
| Financial charges | 65/66B | €187 | €151 | -€36 | -19.2% |
| Recurring financial charges | 65 | €187 | €151 | -€36 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €3,821 | €19,745 | +€15,924 | +417% |
| Income taxes | 67/77 | €1,681 | €5,164 | +€3,483 | +207% |
| Profit (loss) for the period | 9904 | €2,140 | €14,581 | +€12,441 | +581% |
| Profit (loss) for the period to be appropriated | 9905 | €2,140 | €14,581 | +€12,441 | +581% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.