EELIX: 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.
EELIX
Largest movements
- Receivables within one year +€851,695
up €851,695 (+210.5%), from €404,541 to €1.3m
of which Trade receivables: +€741,770
- Stocks and contracts +€199,319
up €199,319 (+221.9%), from €89,805 to €289,124
- Cash +€139,205
up €139,205 (+3767.6%), from €3,695 to €142,900
mainly Contributions, distributions and other (+€598,300) and Advances received (+€318,500)
- Tangible fixed assets -€42,613
down €42,613 (-21.7%), from €195,968 to €153,355
of which Plant, machinery and equipment: -€32,989
- Contributions +€598,300
up €598,300 (+119.7%), from €500,000 to €1.1m
of which Outside capital: +€443,300
- Advances received +€318,500
up €318,500, from €0 to €318,500
- Profit (loss) carried forward +€93,769
up €93,769 (+19.0%), from -€492,674 to -€398,905
- Tax, wage and social debts +€70,876
up €70,876 (+444.8%), from €15,934 to €86,809
of which Taxes: +€72,059
- Trade debts +€49,390
up €49,390 (+36.1%), from €136,796 to €186,186
- Gross operating margin -€306,982
down €306,982 (-66.4%), from €462,064 to €155,082
- Other operating charges -€33,367
down €33,367 (-89.5%), from €37,274 to €3,907
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 | €720,691 | €1,851,615 | +€1.1m | +156.9% |
| Fixed assets | 21/28 | €222,218 | €163,355 | -€58,863 | -26.5% |
| Tangible fixed assets | 22/27 | €195,968 | €153,355 | -€42,613 | -21.7% |
| Plant, machinery and equipment | 23 | €119,993 | €87,004 | -€32,989 | -27.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €75,976 | €66,352 | -€9,624 | -12.7% |
| Financial fixed assets | 28 | €26,250 | €10,000 | -€16,250 | -61.9% |
| Current assets | 29/58 | €498,473 | €1,688,260 | +€1.2m | +238.7% |
| Stocks and contracts in progress | 3 | €89,805 | €289,124 | +€199,319 | +221.9% |
| Stocks | 30/36 | €89,805 | €289,124 | +€199,319 | +221.9% |
| Amounts receivable within one year | 40/41 | €404,541 | €1,256,236 | +€851,695 | +210.5% |
| Trade receivables | 40 | €352,860 | €1,094,630 | +€741,770 | +210.2% |
| Other amounts receivable | 41 | €51,681 | €161,606 | +€109,925 | +212.7% |
| Cash at bank and in hand | 54/58 | €3,695 | €142,900 | +€139,205 | +3767.6% |
| Deferred charges and accrued income | 490/1 | €433 | €0 | -€433 | -100.0% |
| Total equity and liabilities | 10/49 | €720,691 | €1,851,615 | +€1.1m | +156.9% |
| Equity | 10/15 | €7,326 | €699,395 | +€692,069 | +9446.1% |
| Contributions | 10/11 | €500,000 | €1,098,300 | +€598,300 | +119.7% |
| Capital | 10 | €500,000 | €655,000 | +€155,000 | +31.0% |
| Issued capital | 100 | €500,000 | €655,000 | +€155,000 | +31.0% |
| Outside capital | 11 | - | €443,300 | +€443,300 | |
| Share premium | 1100/10 | - | €443,300 | +€443,300 | |
| Profit (loss) carried forward | 14 | -€492,674 | -€398,905 | +€93,769 | +19.0% |
| Amounts payable | 17/49 | €713,365 | €1,152,220 | +€438,855 | +61.5% |
| Amounts payable within one year | 42/48 | €713,365 | €1,152,220 | +€438,855 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €136,796 | €186,186 | +€49,390 | +36.1% |
| Suppliers | 440/4 | €136,796 | €186,186 | +€49,390 | +36.1% |
| Advances received on contracts in progress | 46 | €0 | €318,500 | +€318,500 | |
| Taxes, remuneration and social security | 45 | €15,934 | €86,809 | +€70,876 | +444.8% |
| Taxes | 450/3 | €14,149 | €86,208 | +€72,059 | +509.3% |
| Remuneration and social security | 454/9 | €1,784 | €601 | -€1,183 | -66.3% |
| Other amounts payable | 47/48 | €560,636 | €560,725 | +€89 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €194,000 | €0 | -€194,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €11,651 | €13,018 | +€1,367 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,621 | €42,613 | -€2,008 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €37,274 | €3,907 | -€33,367 | -89.5% |
| Non-recurring operating charges | 66A | €0 | €1,349 | +€1,349 | |
| Gross operating margin | 9900 | €462,064 | €155,082 | -€306,982 | -66.4% |
| Operating profit (loss) | 9901 | €368,518 | €94,194 | -€274,324 | -74.4% |
| Financial income | 75/76B | €49 | €141 | +€92 | +187.6% |
| Recurring financial income | 75 | €49 | €141 | +€92 | +187.6% |
| Financial charges | 65/66B | €924 | €567 | -€357 | -38.7% |
| Recurring financial charges | 65 | €924 | €567 | -€357 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €367,643 | €93,769 | -€273,874 | -74.5% |
| Profit (loss) for the period | 9904 | €367,643 | €93,769 | -€273,874 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €367,643 | €93,769 | -€273,874 | -74.5% |
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.