Ellements: what changed
Ellements
Largest movements
- Cash +€27,421
up €27,421 (+154%), from €17,848 to €45,269
mainly Net result for the year (+€54,300) and Depreciation (+€10,024)
- Tangible fixed assets -€10,024
down €10,024 (-21.9%), from €45,683 to €35,660
- Receivables within one year +€4,931
up €4,931 (+42.9%), from €11,500 to €16,431
of which Trade receivables: +€3,020
- Reserves +€55,000
up €55,000 (+229%), from €24,000 to €79,000
- Other debts -€35,050
no longer reported in 2025 (was €35,050)
- Tax, wage and social debts +€5,736
up €5,736 (+55.7%), from €10,303 to €16,040
- Trade debts -€2,802
down €2,802 (-74.5%), from €3,761 to €959
- Gross operating margin +€43,754
up €43,754 (+123%), from €35,502 to €79,256
- Taxes +€7,796
up €7,796 (+118%), from €6,622 to €14,418
- Depreciation +€6,475
up €6,475 (+182%), from €3,549 to €10,024
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 | €76,009 | €98,193 | +€22,184 | +29.2% |
| Fixed assets | 21/28 | €45,683 | €35,660 | -€10,024 | -21.9% |
| Tangible fixed assets | 22/27 | €45,683 | €35,660 | -€10,024 | -21.9% |
| Furniture and vehicles | 24 | €45,683 | €35,660 | -€10,024 | -21.9% |
| Current assets | 29/58 | €30,326 | €62,534 | +€32,208 | +106% |
| Amounts receivable within one year | 40/41 | €11,500 | €16,431 | +€4,931 | +42.9% |
| Trade receivables | 40 | €11,500 | €14,520 | +€3,020 | +26.3% |
| Other amounts receivable | 41 | - | €1,911 | +€1,911 | |
| Cash at bank and in hand | 54/58 | €17,848 | €45,269 | +€27,421 | +154% |
| Deferred charges and accrued income | 490/1 | €978 | €834 | -€144 | -14.8% |
| Total equity and liabilities | 10/49 | €76,009 | €98,193 | +€22,184 | +29.2% |
| Equity | 10/15 | €26,894 | €81,194 | +€54,300 | +202% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €79,000 | +€55,000 | +229% |
| Distributable reserves | 133 | €24,000 | €79,000 | +€55,000 | +229% |
| Profit (loss) carried forward | 14 | €894 | €194 | -€700 | -78.3% |
| Amounts payable | 17/49 | €49,115 | €16,999 | -€32,116 | -65.4% |
| Amounts payable within one year | 42/48 | €49,115 | €16,999 | -€32,116 | -65.4% |
| Trade debts | 44 | €3,761 | €959 | -€2,802 | -74.5% |
| Suppliers | 440/4 | €3,761 | €959 | -€2,802 | -74.5% |
| Taxes, remuneration and social security | 45 | €10,303 | €16,040 | +€5,736 | +55.7% |
| Taxes | 450/3 | €10,303 | €16,040 | +€5,736 | +55.7% |
| Other amounts payable | 47/48 | €35,050 | - | -€35,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,549 | €10,024 | +€6,475 | +182% |
| Other operating charges | 640/8 | €437 | €520 | +€82 | +18.8% |
| Gross operating margin | 9900 | €35,502 | €79,256 | +€43,754 | +123% |
| Operating profit (loss) | 9901 | €31,516 | €68,712 | +€37,196 | +118% |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | - | €46 | +€46 | |
| Recurring financial charges | 65 | - | €46 | +€46 | |
| Profit (loss) for the period before taxes | 9903 | €31,516 | €68,718 | +€37,202 | +118% |
| Income taxes | 67/77 | €6,622 | €14,418 | +€7,796 | +118% |
| Profit (loss) for the period | 9904 | €24,894 | €54,300 | +€29,406 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €24,894 | €54,300 | +€29,406 | +118% |
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 3 November 2026 via checked.be.