E.L.W.: 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.W.
Largest movements
- Current investments +€1,070
up €1,070 (+10.3%), from €10,424 to €11,494
- Profit (loss) carried forward +€1,070
up €1,070 (+14.1%), from -€7,596 to -€6,526
- Turnover -€850
no longer reported in 2025 (was €850)
- Gross operating margin +€220
up €220 (+25.9%), from €850 to €1,070
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,424 | €11,494 | +€1,070 | +10.3% |
| Current assets | 29/58 | €10,424 | €11,494 | +€1,070 | +10.3% |
| Current investments | 50/53 | €10,424 | €11,494 | +€1,070 | +10.3% |
| Total equity and liabilities | 10/49 | €10,424 | €11,494 | +€1,070 | +10.3% |
| Equity | 10/15 | €10,424 | €11,494 | +€1,070 | +10.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Capital | 10 | €18,000 | - | -€18,000 | |
| Issued capital | 100 | €18,000 | - | -€18,000 | |
| Reserves | 13 | €20 | €20 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20 | €20 | = | 0.0% |
| Legal reserve | 130 | €20 | - | -€20 | |
| Reserves not available under the articles | 1311 | - | €20 | +€20 | |
| Profit (loss) carried forward | 14 | -€7,596 | -€6,526 | +€1,070 | +14.1% |
| Turnover | 70 | €850 | - | -€850 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Gross operating margin | 9900 | €850 | €1,070 | +€220 | +25.9% |
| Operating profit (loss) | 9901 | €850 | €1,070 | +€220 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €850 | €1,070 | +€220 | +25.9% |
| Profit (loss) for the period | 9904 | €850 | €1,070 | +€220 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €850 | €1,070 | +€220 | +25.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.