ELDEES: 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.
ELDEES
Largest movements
- Tangible fixed assets -€38,875
down €38,875 (-60.9%), from €63,822 to €24,947
- Receivables within one year +€30,462
up €30,462 (+493.5%), from €6,172 to €36,634
of which Trade receivables: +€20,000
- Cash +€17,876
up €17,876 (+240.8%), from €7,424 to €25,299
mainly Contributions, distributions and other (+€195,000) and Investment in fixed assets (net) (+€27,311)
- Deferred charges and accrued income -€1,741
down €1,741 (-83.8%), from €2,079 to €338
- Other debts -€182,504
down €182,504 (-96.2%), from €189,761 to €7,257
- Profit (loss) carried forward +€121,075
up €121,075 (+92.6%), from -€130,817 to -€9,743
- Contributions +€64,183
up €64,183 (+346.0%), from €18,550 to €82,733
- Tax, wage and social debts +€4,958
up €4,958 (+1721.7%), from €288 to €5,246
- Gross operating margin -€15,436
down €15,436 (-60.3%), from €25,582 to €10,146
- Depreciation -€9,311
down €9,311 (-44.6%), from €20,875 to €11,564
- Financial charges +€616
up €616 (+12.8%), from €4,806 to €5,421
- Other operating charges -€581
down €581 (-39.8%), from €1,458 to €877
- Financial income +€466
up €466 (+1737.8%), from €27 to €492
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 | €79,497 | €87,218 | +€7,721 | +9.7% |
| Fixed assets | 21/28 | €63,822 | €24,947 | -€38,875 | -60.9% |
| Tangible fixed assets | 22/27 | €63,822 | €24,947 | -€38,875 | -60.9% |
| Furniture and vehicles | 24 | €63,822 | €24,947 | -€38,875 | -60.9% |
| Current assets | 29/58 | €15,675 | €62,271 | +€46,596 | +297.3% |
| Amounts receivable within one year | 40/41 | €6,172 | €36,634 | +€30,462 | +493.5% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €6,172 | €16,634 | +€10,462 | +169.5% |
| Cash at bank and in hand | 54/58 | €7,424 | €25,299 | +€17,876 | +240.8% |
| Deferred charges and accrued income | 490/1 | €2,079 | €338 | -€1,741 | -83.8% |
| Total equity and liabilities | 10/49 | €79,497 | €87,218 | +€7,721 | +9.7% |
| Equity | 10/15 | -€112,267 | €72,990 | +€185,257 | |
| Contributions | 10/11 | €18,550 | €82,733 | +€64,183 | +346.0% |
| Profit (loss) carried forward | 14 | -€130,817 | -€9,743 | +€121,075 | +92.6% |
| Amounts payable | 17/49 | €191,764 | €14,228 | -€177,537 | -92.6% |
| Amounts payable within one year | 42/48 | €190,179 | €12,643 | -€177,537 | -93.4% |
| Trade debts | 44 | €130 | €140 | +€9 | +7.3% |
| Suppliers | 440/4 | €130 | €140 | +€9 | +7.3% |
| Taxes, remuneration and social security | 45 | €288 | €5,246 | +€4,958 | +1721.7% |
| Taxes | 450/3 | €288 | €5,246 | +€4,958 | +1721.7% |
| Other amounts payable | 47/48 | €189,761 | €7,257 | -€182,504 | -96.2% |
| Accrued charges and deferred income | 492/3 | €1,585 | €1,585 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,875 | €11,564 | -€9,311 | -44.6% |
| Other operating charges | 640/8 | €1,458 | €877 | -€581 | -39.8% |
| Non-recurring operating charges | 66A | - | €2,518 | +€2,518 | |
| Gross operating margin | 9900 | €25,582 | €10,146 | -€15,436 | -60.3% |
| Operating profit (loss) | 9901 | €3,249 | -€4,814 | -€8,062 | |
| Financial income | 75/76B | €27 | €492 | +€466 | +1737.8% |
| Recurring financial income | 75 | €27 | €492 | +€466 | +1737.8% |
| Financial charges | 65/66B | €4,806 | €5,421 | +€616 | +12.8% |
| Recurring financial charges | 65 | €4,806 | €5,421 | +€616 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,530 | -€9,743 | -€8,212 | -536.6% |
| Income taxes | 67/77 | €148 | €0 | -€148 | -100.0% |
| Profit (loss) for the period | 9904 | -€1,679 | -€9,743 | -€8,064 | -480.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,679 | -€9,743 | -€8,064 | -480.4% |
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 11 October 2026 via checked.be.