EL INVEST: 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 INVEST
Largest movements
- Stocks and contracts +€49,443
new in 2025: €49,443
- Receivables within one year +€3,718
up €3,718 (+10,622%), from €35 to €3,753
of which Other amounts receivable: +€3,753
- Cash +€3,648
up €3,648 (+198%), from €1,842 to €5,489
mainly Debts after one year (+€59,536) and Net result for the year (+€237)
- Tangible fixed assets +€1,575
new in 2025: €1,575
- Debts after one year +€59,536
new in 2025: €59,536
- Tax, wage and social debts -€998
no longer reported in 2025 (was €998)
of which Remuneration and social security: -€910
- Gross operating margin +€2,151
up €2,151 (+191%), from €1,124 to €3,275
- Staff costs +€1,490
up €1,490 (+113%), from €1,322 to €2,812
- Depreciation -€896
down €896 (-80.7%), from €1,110 to €214
- Other operating charges -€50
no longer reported in 2025 (was €50)
- Financial charges +€37
new in 2025: €37
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 | €1,964 | €60,537 | +€58,573 | +2,982% |
| Fixed assets | 21/28 | - | €1,575 | +€1,575 | |
| Tangible fixed assets | 22/27 | - | €1,575 | +€1,575 | |
| Furniture and vehicles | 24 | - | €1,575 | +€1,575 | |
| Current assets | 29/58 | €1,964 | €58,962 | +€56,998 | +2,902% |
| Stocks and contracts in progress | 3 | - | €49,443 | +€49,443 | |
| Stocks | 30/36 | - | €49,443 | +€49,443 | |
| Amounts receivable within one year | 40/41 | €35 | €3,753 | +€3,718 | +10,622% |
| Trade receivables | 40 | €35 | - | -€35 | |
| Other amounts receivable | 41 | - | €3,753 | +€3,753 | |
| Cash at bank and in hand | 54/58 | €1,842 | €5,489 | +€3,648 | +198% |
| Deferred charges and accrued income | 490/1 | €88 | €277 | +€190 | +217% |
| Total equity and liabilities | 10/49 | €1,964 | €60,537 | +€58,573 | +2,982% |
| Equity | 10/15 | €642 | €878 | +€237 | +36.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,358 | -€1,122 | +€237 | +17.4% |
| Amounts payable | 17/49 | €1,323 | €59,659 | +€58,336 | +4,411% |
| Amounts payable after more than one year | 17 | - | €59,536 | +€59,536 | |
| Other amounts payable | 178/9 | - | €59,536 | +€59,536 | |
| Amounts payable within one year | 42/48 | €1,323 | €123 | -€1,200 | -90.7% |
| Trade debts | 44 | €289 | €123 | -€167 | -57.6% |
| Suppliers | 440/4 | €289 | €123 | -€167 | -57.6% |
| Taxes, remuneration and social security | 45 | €998 | - | -€998 | |
| Taxes | 450/3 | €89 | - | -€89 | |
| Remuneration and social security | 454/9 | €910 | - | -€910 | |
| Other amounts payable | 47/48 | €35 | - | -€35 | |
| Remuneration, social security and pensions | 62 | €1,322 | €2,812 | +€1,490 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,110 | €214 | -€896 | -80.7% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €1,124 | €3,275 | +€2,151 | +191% |
| Operating profit (loss) | 9901 | -€1,358 | €249 | +€1,608 | |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | - | €37 | +€37 | |
| Recurring financial charges | 65 | - | €37 | +€37 | |
| Profit (loss) for the period before taxes | 9903 | -€1,358 | €237 | +€1,595 | |
| Profit (loss) for the period | 9904 | -€1,358 | €237 | +€1,595 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,358 | €237 | +€1,595 |
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 28 October 2026 via checked.be.