E.L.I.C.: 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.
E.L.I.C.
Largest movements
- Cash +€156,827
up €156,827 (+89.2%), from €175,789 to €332,616
mainly Receivables after one year (+€112,535) and Net result for the year (+€65,863)
- Receivables after one year -€112,535
down €112,535 (-58.1%), from €193,535 to €81,000
- Receivables within one year +€17,337
up €17,337 (+65.6%), from €26,438 to €43,774
of which Other amounts receivable: +€11,094
- Reserves +€45,087
up €45,087 (+11.7%), from €384,383 to €429,470
of which Distributable reserves: +€45,087
- Tax, wage and social debts +€20,932
up €20,932 (+358%), from €5,845 to €26,777
- Gross operating margin +€27,512
up €27,512 (+43.7%), from €62,944 to €90,456
- Taxes +€7,081
up €7,081 (+36.5%), from €19,382 to €26,463
- Financial income -€2,055
down €2,055 (-24.6%), from €8,343 to €6,288
- Depreciation +€1,142
up €1,142 (+68.4%), from €1,669 to €2,811
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 | €404,782 | €469,384 | +€64,602 | +16.0% |
| Fixed assets | 21/28 | €7,698 | €10,569 | +€2,871 | +37.3% |
| Tangible fixed assets | 22/27 | €7,658 | €10,529 | +€2,871 | +37.5% |
| Plant, machinery and equipment | 23 | €1,396 | €553 | -€843 | -60.4% |
| Furniture and vehicles | 24 | €2,149 | €6,438 | +€4,289 | +200% |
| Other tangible fixed assets | 26 | €4,113 | €3,538 | -€575 | -14.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €397,084 | €458,815 | +€61,730 | +15.5% |
| Amounts receivable after more than one year | 29 | €193,535 | €81,000 | -€112,535 | -58.1% |
| Other amounts receivable | 291 | €193,535 | €81,000 | -€112,535 | -58.1% |
| Amounts receivable within one year | 40/41 | €26,438 | €43,774 | +€17,337 | +65.6% |
| Trade receivables | 40 | €18,344 | €24,586 | +€6,243 | +34.0% |
| Other amounts receivable | 41 | €8,094 | €19,188 | +€11,094 | +137% |
| Cash at bank and in hand | 54/58 | €175,789 | €332,616 | +€156,827 | +89.2% |
| Deferred charges and accrued income | 490/1 | €1,322 | €1,424 | +€102 | +7.7% |
| Total equity and liabilities | 10/49 | €404,782 | €469,384 | +€64,602 | +16.0% |
| Equity | 10/15 | €396,783 | €441,870 | +€45,087 | +11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €384,383 | €429,470 | +€45,087 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €382,523 | €427,610 | +€45,087 | +11.8% |
| Amounts payable | 17/49 | €7,999 | €27,514 | +€19,515 | +244% |
| Amounts payable within one year | 42/48 | €7,797 | €27,494 | +€19,697 | +253% |
| Trade debts | 44 | €1,952 | €717 | -€1,234 | -63.2% |
| Suppliers | 440/4 | €1,952 | €717 | -€1,234 | -63.2% |
| Taxes, remuneration and social security | 45 | €5,845 | €26,777 | +€20,932 | +358% |
| Taxes | 450/3 | €5,845 | €26,777 | +€20,932 | +358% |
| Accrued charges and deferred income | 492/3 | €202 | €20 | -€182 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,669 | €2,811 | +€1,142 | +68.4% |
| Other operating charges | 640/8 | €828 | €844 | +€16 | +1.9% |
| Gross operating margin | 9900 | €62,944 | €90,456 | +€27,512 | +43.7% |
| Operating profit (loss) | 9901 | €60,447 | €86,801 | +€26,354 | +43.6% |
| Financial income | 75/76B | €8,343 | €6,288 | -€2,055 | -24.6% |
| Recurring financial income | 75 | €8,343 | €6,288 | -€2,055 | -24.6% |
| Financial charges | 65/66B | €666 | €763 | +€97 | +14.6% |
| Recurring financial charges | 65 | €666 | €763 | +€97 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €68,124 | €92,326 | +€24,202 | +35.5% |
| Income taxes | 67/77 | €19,382 | €26,463 | +€7,081 | +36.5% |
| Profit (loss) for the period | 9904 | €48,742 | €65,863 | +€17,120 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,742 | €65,863 | +€17,120 | +35.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.