ELEADORA: 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.
ELEADORA
Largest movements
- Stocks and contracts +€26,382
up €26,382 (+43.2%), from €61,080 to €87,462
- Cash +€12,625
up €12,625 (+17.1%), from €73,789 to €86,413
mainly Net result for the year (+€65,225) and Tax, wage and social debts (+€32,055)
- Receivables within one year +€7,846
up €7,846 (+13.0%), from €60,245 to €68,091
of which Other amounts receivable: +€7,714
- Tangible fixed assets -€7,666
down €7,666 (-72.0%), from €10,651 to €2,985
- Reserves +€130,290
new in 2025: €130,290
- Profit (loss) carried forward -€65,065
no longer reported in 2025 (was €65,065)
- Trade debts -€55,729
down €55,729 (-77.5%), from €71,891 to €16,162
- Tax, wage and social debts +€32,055
up €32,055 (+225%), from €14,244 to €46,299
of which Taxes: +€25,775
- Gross operating margin -€25,928
down €25,928 (-17.2%), from €151,173 to €125,246
- Write-downs -€20,000
new in 2025: -€20,000
- Staff costs +€7,322
up €7,322 (+18.2%), from €40,211 to €47,533
- Taxes -€4,521
down €4,521 (-20.3%), from €22,243 to €17,722
- Other operating charges -€3,849
down €3,849 (-33.0%), from €11,647 to €7,798
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 | €206,961 | €246,236 | +€39,276 | +19.0% |
| Fixed assets | 21/28 | €10,651 | €2,985 | -€7,666 | -72.0% |
| Tangible fixed assets | 22/27 | €10,651 | €2,985 | -€7,666 | -72.0% |
| Furniture and vehicles | 24 | €10,651 | €2,985 | -€7,666 | -72.0% |
| Current assets | 29/58 | €196,310 | €243,252 | +€46,942 | +23.9% |
| Stocks and contracts in progress | 3 | €61,080 | €87,462 | +€26,382 | +43.2% |
| Stocks | 30/36 | €61,080 | €87,462 | +€26,382 | +43.2% |
| Amounts receivable within one year | 40/41 | €60,245 | €68,091 | +€7,846 | +13.0% |
| Trade receivables | 40 | €60,245 | €60,377 | +€132 | +0.2% |
| Other amounts receivable | 41 | - | €7,714 | +€7,714 | |
| Cash at bank and in hand | 54/58 | €73,789 | €86,413 | +€12,625 | +17.1% |
| Deferred charges and accrued income | 490/1 | €1,196 | €1,285 | +€89 | +7.5% |
| Total equity and liabilities | 10/49 | €206,961 | €246,236 | +€39,276 | +19.0% |
| Equity | 10/15 | €83,665 | €148,890 | +€65,225 | +78.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €130,290 | +€130,290 | |
| Distributable reserves | 133 | - | €130,290 | +€130,290 | |
| Profit (loss) carried forward | 14 | €65,065 | - | -€65,065 | |
| Amounts payable | 17/49 | €123,296 | €97,346 | -€25,949 | -21.0% |
| Amounts payable within one year | 42/48 | €123,296 | €97,346 | -€25,949 | -21.0% |
| Trade debts | 44 | €71,891 | €16,162 | -€55,729 | -77.5% |
| Suppliers | 440/4 | €71,891 | €16,162 | -€55,729 | -77.5% |
| Taxes, remuneration and social security | 45 | €14,244 | €46,299 | +€32,055 | +225% |
| Taxes | 450/3 | €9,148 | €34,924 | +€25,775 | +282% |
| Remuneration and social security | 454/9 | €5,096 | €11,376 | +€6,280 | +123% |
| Other amounts payable | 47/48 | €37,161 | €34,885 | -€2,276 | -6.1% |
| Remuneration, social security and pensions | 62 | €40,211 | €47,533 | +€7,322 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,666 | €7,666 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€20,000 | -€20,000 | |
| Other operating charges | 640/8 | €11,647 | €7,798 | -€3,849 | -33.0% |
| Gross operating margin | 9900 | €151,173 | €125,246 | -€25,928 | -17.2% |
| Operating profit (loss) | 9901 | €91,650 | €82,249 | -€9,400 | -10.3% |
| Financial income | 75/76B | €1,936 | €936 | -€1,000 | -51.6% |
| Recurring financial income | 75 | €1,936 | €936 | -€1,000 | -51.6% |
| Financial charges | 65/66B | €751 | €238 | -€513 | -68.3% |
| Recurring financial charges | 65 | €751 | €238 | -€513 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | €92,834 | €82,947 | -€9,887 | -10.7% |
| Income taxes | 67/77 | €22,243 | €17,722 | -€4,521 | -20.3% |
| Profit (loss) for the period | 9904 | €70,591 | €65,225 | -€5,366 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,591 | €65,225 | -€5,366 | -7.6% |
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 26 October 2026 via checked.be.