ELITE: what changed
ELITE
Largest movements
- Receivables within one year -€24,237
down €24,237 (-65.6%), from €36,952 to €12,716
- Cash -€13,965
down €13,965 (-80.5%), from €17,346 to €3,381
mainly Net result for the year (-€28,095) and Trade debts (-€10,106)
- Reserves -€31,000
down €31,000 (-25.6%), from €121,000 to €90,000
- Trade debts -€10,106
down €10,106 (-98.2%), from €10,288 to €182
- Profit (loss) carried forward +€2,905
up €2,905 (+206%), from €1,410 to €4,315
- Gross operating margin -€2,936
down €2,936 (-42.6%), from €6,886 to €3,950
- Other operating charges +€1,372
up €1,372 (+4.5%), from €30,386 to €31,758
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,698 | €204,496 | -€38,201 | -15.7% |
| Fixed assets | 21/28 | €188,399 | €188,399 | = | 0.0% |
| Tangible fixed assets | 22/27 | €188,399 | €188,399 | = | 0.0% |
| Land and buildings | 22 | €188,399 | €188,399 | = | 0.0% |
| Current assets | 29/58 | €54,299 | €16,097 | -€38,201 | -70.4% |
| Amounts receivable within one year | 40/41 | €36,952 | €12,716 | -€24,237 | -65.6% |
| Trade receivables | 40 | €36,952 | €12,716 | -€24,237 | -65.6% |
| Cash at bank and in hand | 54/58 | €17,346 | €3,381 | -€13,965 | -80.5% |
| Total equity and liabilities | 10/49 | €242,698 | €204,496 | -€38,201 | -15.7% |
| Equity | 10/15 | €232,410 | €204,315 | -€28,095 | -12.1% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €121,000 | €90,000 | -€31,000 | -25.6% |
| Distributable reserves | 133 | €121,000 | €90,000 | -€31,000 | -25.6% |
| Profit (loss) carried forward | 14 | €1,410 | €4,315 | +€2,905 | +206% |
| Amounts payable | 17/49 | €10,288 | €182 | -€10,106 | -98.2% |
| Amounts payable within one year | 42/48 | €10,288 | €182 | -€10,106 | -98.2% |
| Trade debts | 44 | €10,288 | €182 | -€10,106 | -98.2% |
| Suppliers | 440/4 | €10,288 | €182 | -€10,106 | -98.2% |
| Other operating charges | 640/8 | €30,386 | €31,758 | +€1,372 | +4.5% |
| Gross operating margin | 9900 | €6,886 | €3,950 | -€2,936 | -42.6% |
| Operating profit (loss) | 9901 | -€23,500 | -€27,808 | -€4,308 | -18.3% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €310 | €310 | = | 0.0% |
| Recurring financial charges | 65 | €310 | €310 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,810 | -€28,095 | -€4,285 | -18.0% |
| Profit (loss) for the period | 9904 | -€23,810 | -€28,095 | -€4,285 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,810 | -€28,095 | -€4,285 | -18.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.