E.L.: 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.
E.L.
Largest movements
- Receivables within one year -€30,493
down €30,493 (-99.7%), from €30,590 to €97
of which Other amounts receivable: -€25,350
- Cash +€21,894
up €21,894 (+301.4%), from €7,264 to €29,157
mainly Receivables within one year (+€30,493) and Depreciation (+€975)
- Tangible fixed assets +€975
up €975 (+243.7%), from €400 to €1,375
of which Plant, machinery and equipment: +€975
- Trade debts -€7,778
no longer reported in 2025 (was €7,778)
- Purchases and services -€61,394
no longer reported in 2025 (was €61,394)
- Turnover -€55,302
no longer reported in 2025 (was €55,302)
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 | €38,254 | €30,629 | -€7,625 | -19.9% |
| Fixed assets | 21/28 | €400 | €1,375 | +€975 | +243.7% |
| Tangible fixed assets | 22/27 | €400 | €1,375 | +€975 | +243.7% |
| Plant, machinery and equipment | 23 | - | €975 | +€975 | |
| Furniture and vehicles | 24 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €37,854 | €29,255 | -€8,599 | -22.7% |
| Amounts receivable within one year | 40/41 | €30,590 | €97 | -€30,493 | -99.7% |
| Trade receivables | 40 | €5,143 | - | -€5,143 | |
| Other amounts receivable | 41 | €25,447 | €97 | -€25,350 | -99.6% |
| Cash at bank and in hand | 54/58 | €7,264 | €29,157 | +€21,894 | +301.4% |
| Total equity and liabilities | 10/49 | €38,254 | €30,629 | -€7,625 | -19.9% |
| Equity | 10/15 | €30,476 | €30,547 | +€71 | +0.2% |
| Contributions | 10/11 | €693 | €693 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,924 | €27,994 | +€71 | +0.3% |
| Amounts payable | 17/49 | €7,778 | €83 | -€7,695 | -98.9% |
| Amounts payable within one year | 42/48 | €7,778 | €83 | -€7,695 | -98.9% |
| Trade debts | 44 | €7,778 | - | -€7,778 | |
| Suppliers | 440/4 | €7,778 | - | -€7,778 | |
| Other amounts payable | 47/48 | - | €83 | +€83 | |
| Turnover | 70 | €55,302 | - | -€55,302 | |
| Goods, raw materials, services and sundry goods | 60/61 | €61,394 | - | -€61,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,252 | €975 | -€277 | -22.2% |
| Other operating charges | 640/8 | €614 | €614 | = | 0.0% |
| Gross operating margin | 9900 | €1,998 | €1,750 | -€248 | -12.4% |
| Operating profit (loss) | 9901 | €131 | €161 | +€30 | +22.6% |
| Financial charges | 65/66B | €80 | €91 | +€11 | +13.3% |
| Recurring financial charges | 65 | €80 | €91 | +€11 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €51 | €71 | +€19 | +37.2% |
| Profit (loss) for the period | 9904 | €51 | €71 | +€19 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51 | €71 | +€19 | +37.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.