eL-Be: 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.
eL-Be
Largest movements
- Current investments +€42,000
up €42,000 (+196.5%), from €21,369 to €63,369
- Cash -€31,673
down €31,673 (-37.7%), from €83,999 to €52,326
mainly Current investments (-€42,000) and Receivables within one year (-€7,760)
- Receivables within one year +€7,760
up €7,760 (+35.7%), from €21,746 to €29,506
of which Other amounts receivable: +€6,998
- Tangible fixed assets +€1,867
up €1,867 (+53.8%), from €3,472 to €5,339
of which Furniture and vehicles: +€2,931
- Reserves +€18,786
up €18,786 (+16.7%), from €112,325 to €131,111
- Taxes +€852
up €852 (+10.9%), from €7,820 to €8,672
- Depreciation +€836
up €836 (+81.2%), from €1,028 to €1,864
- Financial income +€738
up €738 (+52.6%), from €1,403 to €2,141
- Gross operating margin +€668
up €668 (+2.4%), from €27,673 to €28,341
- Financial charges +€573
up €573 (+460.3%), from €125 to €698
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 | €132,850 | €151,306 | +€18,456 | +13.9% |
| Fixed assets | 21/28 | €3,472 | €5,339 | +€1,867 | +53.8% |
| Tangible fixed assets | 22/27 | €3,472 | €5,339 | +€1,867 | +53.8% |
| Plant, machinery and equipment | 23 | €3,090 | €2,026 | -€1,064 | -34.4% |
| Furniture and vehicles | 24 | €382 | €3,313 | +€2,931 | +766.8% |
| Current assets | 29/58 | €129,379 | €145,967 | +€16,589 | +12.8% |
| Amounts receivable within one year | 40/41 | €21,746 | €29,506 | +€7,760 | +35.7% |
| Trade receivables | 40 | €19,185 | €19,947 | +€762 | +4.0% |
| Other amounts receivable | 41 | €2,561 | €9,559 | +€6,998 | +273.2% |
| Current investments | 50/53 | €21,369 | €63,369 | +€42,000 | +196.5% |
| Cash at bank and in hand | 54/58 | €83,999 | €52,326 | -€31,673 | -37.7% |
| Deferred charges and accrued income | 490/1 | €2,265 | €767 | -€1,498 | -66.2% |
| Total equity and liabilities | 10/49 | €132,850 | €151,306 | +€18,456 | +13.9% |
| Equity | 10/15 | €126,585 | €145,371 | +€18,786 | +14.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Outside capital | 11 | €14,260 | - | -€14,260 | |
| Other | 1109/19 | €14,260 | - | -€14,260 | |
| Reserves | 13 | €112,325 | €131,111 | +€18,786 | +16.7% |
| Distributable reserves | 133 | €112,325 | €131,111 | +€18,786 | +16.7% |
| Amounts payable | 17/49 | €6,265 | €5,935 | -€330 | -5.3% |
| Amounts payable within one year | 42/48 | €6,265 | €5,935 | -€330 | -5.3% |
| Trade debts | 44 | €386 | €425 | +€38 | +10.0% |
| Suppliers | 440/4 | €386 | €425 | +€38 | +10.0% |
| Taxes, remuneration and social security | 45 | €1,026 | €744 | -€281 | -27.4% |
| Taxes | 450/3 | €1,026 | €744 | -€281 | -27.4% |
| Other amounts payable | 47/48 | €4,853 | €4,766 | -€87 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,028 | €1,864 | +€836 | +81.2% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €27,673 | €28,341 | +€668 | +2.4% |
| Operating profit (loss) | 9901 | €26,195 | €26,015 | -€180 | -0.7% |
| Financial income | 75/76B | €1,403 | €2,141 | +€738 | +52.6% |
| Recurring financial income | 75 | €1,403 | €2,141 | +€738 | +52.6% |
| Financial charges | 65/66B | €125 | €698 | +€573 | +460.3% |
| Recurring financial charges | 65 | €125 | €698 | +€573 | +460.3% |
| Profit (loss) for the period before taxes | 9903 | €27,474 | €27,458 | -€16 | -0.1% |
| Income taxes | 67/77 | €7,820 | €8,672 | +€852 | +10.9% |
| Profit (loss) for the period | 9904 | €19,654 | €18,786 | -€868 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,654 | €18,786 | -€868 | -4.4% |
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 28 September 2026 via checked.be.