EELEX: 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.
EELEX
Largest movements
- Cash +€41,206
up €41,206 (+88.0%), from €46,834 to €88,040
mainly Other debts (+€145,064) and Net result for the year (+€62,749)
- Tangible fixed assets -€18,350
down €18,350 (-2.7%), from €678,529 to €660,179
of which Land and buildings: -€16,299
- Receivables within one year +€13,068
up €13,068 (+86.9%), from €15,037 to €28,105
of which Trade receivables: +€16,549
- Other debts +€145,064
new in 2025: €145,064
- Reserves -€82,314
down €82,314 (-49.0%), from €167,905 to €85,591
- Debts after one year -€34,912
down €34,912 (-6.8%), from €510,873 to €475,961
- Gross operating margin +€12,345
up €12,345 (+12.5%), from €99,065 to €111,410
- Taxes +€2,360
up €2,360 (+15.5%), from €15,236 to €17,597
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 | €743,721 | €777,950 | +€34,229 | +4.6% |
| Fixed assets | 21/28 | €679,212 | €660,862 | -€18,350 | -2.7% |
| Tangible fixed assets | 22/27 | €678,529 | €660,179 | -€18,350 | -2.7% |
| Land and buildings | 22 | €669,763 | €653,464 | -€16,299 | -2.4% |
| Plant, machinery and equipment | 23 | €5,436 | €4,720 | -€716 | -13.2% |
| Furniture and vehicles | 24 | €3,331 | €1,995 | -€1,336 | -40.1% |
| Financial fixed assets | 28 | €684 | €684 | = | 0.0% |
| Current assets | 29/58 | €64,509 | €117,088 | +€52,580 | +81.5% |
| Amounts receivable within one year | 40/41 | €15,037 | €28,105 | +€13,068 | +86.9% |
| Trade receivables | 40 | - | €16,549 | +€16,549 | |
| Other amounts receivable | 41 | €15,037 | €11,556 | -€3,481 | -23.1% |
| Cash at bank and in hand | 54/58 | €46,834 | €88,040 | +€41,206 | +88.0% |
| Deferred charges and accrued income | 490/1 | €2,637 | €943 | -€1,694 | -64.3% |
| Total equity and liabilities | 10/49 | €743,721 | €777,950 | +€34,229 | +4.6% |
| Equity | 10/15 | €186,505 | €104,191 | -€82,314 | -44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,905 | €85,591 | -€82,314 | -49.0% |
| Distributable reserves | 133 | €167,905 | €85,591 | -€82,314 | -49.0% |
| Amounts payable | 17/49 | €557,216 | €673,759 | +€116,544 | +20.9% |
| Amounts payable after more than one year | 17 | €510,873 | €475,961 | -€34,912 | -6.8% |
| Financial debts | 170/4 | €510,873 | €475,961 | -€34,912 | -6.8% |
| Amounts payable within one year | 42/48 | €46,343 | €197,798 | +€151,456 | +327% |
| Current portion of amounts payable after more than one year | 42 | €34,238 | €34,912 | +€675 | +2.0% |
| Trade debts | 44 | €2,014 | €2,808 | +€794 | +39.4% |
| Suppliers | 440/4 | €2,014 | €2,808 | +€794 | +39.4% |
| Taxes, remuneration and social security | 45 | €10,091 | €15,015 | +€4,923 | +48.8% |
| Taxes | 450/3 | €10,091 | €12,425 | +€2,334 | +23.1% |
| Remuneration and social security | 454/9 | - | €2,589 | +€2,589 | |
| Other amounts payable | 47/48 | - | €145,064 | +€145,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,104 | €18,350 | +€246 | +1.4% |
| Other operating charges | 640/8 | €434 | €189 | -€244 | -56.4% |
| Gross operating margin | 9900 | €99,065 | €111,410 | +€12,345 | +12.5% |
| Operating profit (loss) | 9901 | €80,528 | €92,871 | +€12,343 | +15.3% |
| Financial income | 75/76B | - | €331 | +€331 | |
| Recurring financial income | 75 | - | €331 | +€331 | |
| Financial charges | 65/66B | €11,965 | €12,855 | +€890 | +7.4% |
| Recurring financial charges | 65 | €11,965 | €12,855 | +€890 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €68,562 | €80,346 | +€11,784 | +17.2% |
| Income taxes | 67/77 | €15,236 | €17,597 | +€2,360 | +15.5% |
| Profit (loss) for the period | 9904 | €53,326 | €62,749 | +€9,423 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,326 | €62,749 | +€9,423 | +17.7% |
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 19 October 2026 via checked.be.