EL-LI: 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-LI
Largest movements
- Cash -€202,172
down €202,172 (-86.6%), from €233,362 to €31,190
mainly Receivables within one year (-€165,028) and Contributions, distributions and other (-€125,168)
- Receivables within one year +€165,028
up €165,028 (+854.5%), from €19,313 to €184,341
of which Other amounts receivable: +€157,268
- Tangible fixed assets +€15,672
up €15,672 (+1.8%), from €890,816 to €906,488
of which Furniture and vehicles: +€35,009
- Debts after one year -€53,089
down €53,089 (-11.6%), from €456,762 to €403,673
- Other debts +€36,819
up €36,819 (+242.5%), from €15,181 to €52,000
- Trade debts +€14,755
up €14,755 (+1276.4%), from €1,156 to €15,911
- Tax, wage and social debts -€14,394
down €14,394 (-58.7%), from €24,536 to €10,142
- Financial income -€124,295
down €124,295 (-41.4%), from €300,187 to €175,892
- Gross operating margin -€54,887
down €54,887 (-55.2%), from €99,495 to €44,607
- Taxes -€20,881
down €20,881 (-63.0%), from €33,171 to €12,290
- Depreciation +€10,499
up €10,499 (+15.9%), from €65,975 to €76,474
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 | €1,224,513 | €1,201,380 | -€23,133 | -1.9% |
| Fixed assets | 21/28 | €966,049 | €981,488 | +€15,440 | +1.6% |
| Intangible fixed assets | 21 | €232 | €0 | -€232 | -100.0% |
| Tangible fixed assets | 22/27 | €890,816 | €906,488 | +€15,672 | +1.8% |
| Land and buildings | 22 | €800,873 | €772,356 | -€28,517 | -3.6% |
| Plant, machinery and equipment | 23 | €55,380 | €58,728 | +€3,349 | +6.0% |
| Furniture and vehicles | 24 | €10,043 | €45,052 | +€35,009 | +348.6% |
| Other tangible fixed assets | 26 | €24,521 | €30,352 | +€5,831 | +23.8% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €258,465 | €219,892 | -€38,573 | -14.9% |
| Amounts receivable within one year | 40/41 | €19,313 | €184,341 | +€165,028 | +854.5% |
| Trade receivables | 40 | €33 | €7,793 | +€7,760 | +23247.3% |
| Other amounts receivable | 41 | €19,279 | €176,548 | +€157,268 | +815.7% |
| Cash at bank and in hand | 54/58 | €233,362 | €31,190 | -€202,172 | -86.6% |
| Deferred charges and accrued income | 490/1 | €5,790 | €4,361 | -€1,429 | -24.7% |
| Total equity and liabilities | 10/49 | €1,224,513 | €1,201,380 | -€23,133 | -1.9% |
| Equity | 10/15 | €654,826 | €645,425 | -€9,401 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €648,626 | €639,225 | -€9,401 | -1.4% |
| Distributable reserves | 133 | €648,626 | €639,225 | -€9,401 | -1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €569,687 | €555,955 | -€13,732 | -2.4% |
| Amounts payable after more than one year | 17 | €456,762 | €403,673 | -€53,089 | -11.6% |
| Financial debts | 170/4 | €456,762 | €403,673 | -€53,089 | -11.6% |
| Amounts payable within one year | 42/48 | €112,563 | €151,920 | +€39,357 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €62,690 | €64,867 | +€2,177 | +3.5% |
| Trade debts | 44 | €1,156 | €15,911 | +€14,755 | +1276.4% |
| Suppliers | 440/4 | €1,156 | €15,911 | +€14,755 | +1276.4% |
| Advances received on contracts in progress | 46 | €9,000 | €9,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,536 | €10,142 | -€14,394 | -58.7% |
| Taxes | 450/3 | €24,536 | €10,142 | -€14,394 | -58.7% |
| Other amounts payable | 47/48 | €15,181 | €52,000 | +€36,819 | +242.5% |
| Accrued charges and deferred income | 492/3 | €362 | €362 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,975 | €76,474 | +€10,499 | +15.9% |
| Other operating charges | 640/8 | €4,185 | €4,527 | +€341 | +8.2% |
| Gross operating margin | 9900 | €99,495 | €44,607 | -€54,887 | -55.2% |
| Operating profit (loss) | 9901 | €29,334 | -€36,393 | -€65,727 | |
| Financial income | 75/76B | €300,187 | €175,892 | -€124,295 | -41.4% |
| Recurring financial income | 75 | €300,187 | €175,892 | -€124,295 | -41.4% |
| Financial charges | 65/66B | €10,801 | €11,442 | +€641 | +5.9% |
| Recurring financial charges | 65 | €10,801 | €11,442 | +€641 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €318,720 | €128,057 | -€190,663 | -59.8% |
| Income taxes | 67/77 | €33,171 | €12,290 | -€20,881 | -63.0% |
| Profit (loss) for the period | 9904 | €285,549 | €115,767 | -€169,782 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €285,549 | €115,767 | -€169,782 | -59.5% |
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 1 October 2026 via checked.be.