EL.AN: 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.
EL.AN
Largest movements
- Tangible fixed assets -€67,108
down €67,108 (-4.9%), from €1.4m to €1.3m
of which Land and buildings: -€61,106
- Profit (loss) carried forward -€58,193
down €58,193 (-14.7%), from -€396,007 to -€454,200
- Other debts -€22,718
down €22,718 (-1.7%), from €1.4m to €1.4m
- Gross operating margin +€12,834
up €12,834 (+363%), from €3,533 to €16,368
- Depreciation -€4,688
down €4,688 (-6.5%), from €71,796 to €67,108
- Other operating charges -€281
down €281 (-3.8%), from €7,405 to €7,124
- Financial charges +€189
up €189 (+135%), from €140 to €329
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 | €1,393,211 | €1,318,603 | -€74,608 | -5.4% |
| Fixed assets | 21/28 | €1,376,870 | €1,309,763 | -€67,108 | -4.9% |
| Tangible fixed assets | 22/27 | €1,376,020 | €1,308,913 | -€67,108 | -4.9% |
| Land and buildings | 22 | €1,347,431 | €1,286,325 | -€61,106 | -4.5% |
| Plant, machinery and equipment | 23 | €28,589 | €22,588 | -€6,001 | -21.0% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €16,341 | €8,840 | -€7,500 | -45.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,341 | €8,840 | -€7,500 | -45.9% |
| Total equity and liabilities | 10/49 | €1,393,211 | €1,318,603 | -€74,608 | -5.4% |
| Equity | 10/15 | €16,393 | -€41,800 | -€58,193 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396,007 | -€454,200 | -€58,193 | -14.7% |
| Amounts payable | 17/49 | €1,376,818 | €1,360,403 | -€16,415 | -1.2% |
| Amounts payable within one year | 42/48 | €1,376,818 | €1,360,403 | -€16,415 | -1.2% |
| Trade debts | 44 | €2,243 | €8,546 | +€6,303 | +281% |
| Suppliers | 440/4 | €2,243 | €8,546 | +€6,303 | +281% |
| Other amounts payable | 47/48 | €1,374,575 | €1,351,857 | -€22,718 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,796 | €67,108 | -€4,688 | -6.5% |
| Other operating charges | 640/8 | €7,405 | €7,124 | -€281 | -3.8% |
| Gross operating margin | 9900 | €3,533 | €16,368 | +€12,834 | +363% |
| Operating profit (loss) | 9901 | -€75,667 | -€57,864 | +€17,803 | +23.5% |
| Financial charges | 65/66B | €140 | €329 | +€189 | +135% |
| Recurring financial charges | 65 | €140 | €329 | +€189 | +135% |
| Profit (loss) for the period before taxes | 9903 | -€75,807 | -€58,193 | +€17,615 | +23.2% |
| Profit (loss) for the period | 9904 | -€75,807 | -€58,193 | +€17,615 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,807 | -€58,193 | +€17,615 | +23.2% |
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 22 October 2026 via checked.be.