ELB BAT: 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.
ELB BAT
Largest movements
- Cash +€13,642
up €13,642 (+23.2%), from €58,760 to €72,402
mainly Depreciation (+€6,791) and Net result for the year (+€4,177)
- Tangible fixed assets -€4,312
down €4,312 (-46.0%), from €9,376 to €5,064
of which Plant, machinery and equipment: -€4,638
- Receivables within one year +€2,557
up €2,557 (+13.2%), from €19,340 to €21,897
of which Trade receivables: +€1,281
- Deferred charges and accrued income -€1,075
down €1,075 (-21.8%), from €4,920 to €3,845
- Profit (loss) carried forward +€4,177
up €4,177 (+5.1%), from €81,882 to €86,059
- Trade debts +€3,123
up €3,123 (+140%), from €2,223 to €5,346
- Other debts +€2,111
up €2,111 (+31.2%), from €6,766 to €8,877
- Tax, wage and social debts +€1,425
new in 2025: €1,425
- Gross operating margin -€55,679
down €55,679 (-77.0%), from €72,312 to €16,633
- Taxes -€12,808
down €12,808 (-87.4%), from €14,661 to €1,853
- Staff costs -€5,192
down €5,192 (-59.0%), from €8,794 to €3,602
- Other operating charges -€2,036
down €2,036 (-87.7%), from €2,322 to €286
- Depreciation +€1,210
up €1,210 (+21.7%), from €5,581 to €6,791
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 | €92,396 | €103,208 | +€10,812 | +11.7% |
| Fixed assets | 21/28 | €9,376 | €5,064 | -€4,312 | -46.0% |
| Tangible fixed assets | 22/27 | €9,376 | €5,064 | -€4,312 | -46.0% |
| Plant, machinery and equipment | 23 | €8,778 | €4,140 | -€4,638 | -52.8% |
| Furniture and vehicles | 24 | €599 | €924 | +€326 | +54.4% |
| Current assets | 29/58 | €83,020 | €98,144 | +€15,124 | +18.2% |
| Amounts receivable within one year | 40/41 | €19,340 | €21,897 | +€2,557 | +13.2% |
| Trade receivables | 40 | €11,969 | €13,250 | +€1,281 | +10.7% |
| Other amounts receivable | 41 | €7,370 | €8,647 | +€1,276 | +17.3% |
| Cash at bank and in hand | 54/58 | €58,760 | €72,402 | +€13,642 | +23.2% |
| Deferred charges and accrued income | 490/1 | €4,920 | €3,845 | -€1,075 | -21.8% |
| Total equity and liabilities | 10/49 | €92,396 | €103,208 | +€10,812 | +11.7% |
| Equity | 10/15 | €83,382 | €87,559 | +€4,177 | +5.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,882 | €86,059 | +€4,177 | +5.1% |
| Amounts payable | 17/49 | €9,014 | €15,649 | +€6,635 | +73.6% |
| Amounts payable within one year | 42/48 | €8,989 | €15,649 | +€6,659 | +74.1% |
| Trade debts | 44 | €2,223 | €5,346 | +€3,123 | +140% |
| Suppliers | 440/4 | €2,223 | €5,346 | +€3,123 | +140% |
| Taxes, remuneration and social security | 45 | - | €1,425 | +€1,425 | |
| Taxes | 450/3 | - | €1,425 | +€1,425 | |
| Other amounts payable | 47/48 | €6,766 | €8,877 | +€2,111 | +31.2% |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Remuneration, social security and pensions | 62 | €8,794 | €3,602 | -€5,192 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,581 | €6,791 | +€1,210 | +21.7% |
| Other operating charges | 640/8 | €2,322 | €286 | -€2,036 | -87.7% |
| Gross operating margin | 9900 | €72,312 | €16,633 | -€55,679 | -77.0% |
| Operating profit (loss) | 9901 | €55,614 | €5,953 | -€49,661 | -89.3% |
| Financial income | 75/76B | €359 | €143 | -€216 | -60.2% |
| Recurring financial income | 75 | €359 | €143 | -€216 | -60.2% |
| Financial charges | 65/66B | €222 | €66 | -€156 | -70.1% |
| Recurring financial charges | 65 | €222 | €66 | -€156 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €55,751 | €6,030 | -€49,721 | -89.2% |
| Income taxes | 67/77 | €14,661 | €1,853 | -€12,808 | -87.4% |
| Profit (loss) for the period | 9904 | €41,090 | €4,177 | -€36,913 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,090 | €4,177 | -€36,913 | -89.8% |
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 13 October 2026 via checked.be.