E&L&N: what changed
E&L&N
Largest movements
- Cash -€891
down €891 (-88.2%), from €1,010 to €119
mainly Other debts (-€898) and Net result for the year (-€612)
- Other debts -€898
down €898 (-8.6%), from €10,462 to €9,563
- Short-term financial debts +€620
new in 2025: €620
- Profit (loss) carried forward -€612
down €612 (-16.0%), from €3,823 to €3,210
- Gross operating margin -€964
down €964, from €859 to -€105
- Financial charges -€39
down €39 (-9.6%), from €402 to €363
- Other operating charges -€23
down €23 (-13.8%), from €167 to €144
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 | €27,642 | €26,751 | -€891 | -3.2% |
| Current assets | 29/58 | €27,642 | €26,751 | -€891 | -3.2% |
| Amounts receivable within one year | 40/41 | €26,632 | €26,632 | = | 0.0% |
| Trade receivables | 40 | €19,141 | €19,141 | = | 0.0% |
| Other amounts receivable | 41 | €7,491 | €7,491 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,010 | €119 | -€891 | -88.2% |
| Total equity and liabilities | 10/49 | €27,642 | €26,751 | -€891 | -3.2% |
| Equity | 10/15 | €11,883 | €11,270 | -€612 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,823 | €3,210 | -€612 | -16.0% |
| Amounts payable | 17/49 | €15,760 | €15,481 | -€279 | -1.8% |
| Amounts payable within one year | 42/48 | €15,760 | €15,481 | -€279 | -1.8% |
| Financial debts | 43 | - | €620 | +€620 | |
| Credit institutions | 430/8 | - | €620 | +€620 | |
| Trade debts | 44 | €5,298 | €5,298 | = | 0.0% |
| Suppliers | 440/4 | €5,298 | €5,298 | = | 0.0% |
| Other amounts payable | 47/48 | €10,462 | €9,563 | -€898 | -8.6% |
| Other operating charges | 640/8 | €167 | €144 | -€23 | -13.8% |
| Gross operating margin | 9900 | €859 | -€105 | -€964 | |
| Operating profit (loss) | 9901 | €692 | -€249 | -€941 | |
| Financial charges | 65/66B | €402 | €363 | -€39 | -9.6% |
| Recurring financial charges | 65 | €402 | €363 | -€39 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €290 | -€612 | -€902 | |
| Profit (loss) for the period | 9904 | €290 | -€612 | -€902 | |
| Profit (loss) for the period to be appropriated | 9905 | €290 | -€612 | -€902 |
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.