Eleander: 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.
Eleander
Largest movements
- Cash -€7,455
down €7,455 (-14.8%), from €50,339 to €42,885
mainly Contributions, distributions and other (-€59,000) and Tax, wage and social debts (-€14,501)
- Receivables within one year -€4,393
down €4,393 (-23.3%), from €18,879 to €14,486
of which Trade receivables: -€4,324
- Other debts +€60,257
up €60,257 (+5322.8%), from €1,132 to €61,389
- Profit (loss) carried forward -€59,173
down €59,173 (-99.3%), from €59,582 to €409
- Tax, wage and social debts -€14,501
down €14,501 (-78.8%), from €18,401 to €3,901
- Gross operating margin -€5,044
down €5,044 (-53.5%), from €9,436 to €4,392
- Taxes -€4,639
down €4,639 (-59.7%), from €7,768 to €3,129
- Depreciation -€3,273
down €3,273 (-94.6%), from €3,459 to €186
- Financial income -€1,770
down €1,770 (-90.7%), from €1,952 to €182
- Other operating charges -€429
down €429 (-24.3%), from €1,769 to €1,339
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 | €104,292 | €91,572 | -€12,721 | -12.2% |
| Fixed assets | 21/28 | €186 | - | -€186 | |
| Tangible fixed assets | 22/27 | €186 | - | -€186 | |
| Furniture and vehicles | 24 | €186 | - | -€186 | |
| Current assets | 29/58 | €104,106 | €91,572 | -€12,535 | -12.0% |
| Amounts receivable within one year | 40/41 | €18,879 | €14,486 | -€4,393 | -23.3% |
| Trade receivables | 40 | €15,927 | €11,603 | -€4,324 | -27.2% |
| Other amounts receivable | 41 | €2,952 | €2,884 | -€69 | -2.3% |
| Current investments | 50/53 | €25,431 | €25,594 | +€163 | +0.6% |
| Cash at bank and in hand | 54/58 | €50,339 | €42,885 | -€7,455 | -14.8% |
| Deferred charges and accrued income | 490/1 | €9,457 | €8,607 | -€850 | -9.0% |
| Total equity and liabilities | 10/49 | €104,292 | €91,572 | -€12,721 | -12.2% |
| Equity | 10/15 | €80,042 | €20,869 | -€59,173 | -73.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,582 | €409 | -€59,173 | -99.3% |
| Amounts payable | 17/49 | €24,251 | €70,703 | +€46,452 | +191.6% |
| Amounts payable within one year | 42/48 | €24,218 | €70,703 | +€46,485 | +191.9% |
| Financial debts | 43 | €18 | - | -€18 | |
| Credit institutions | 430/8 | €18 | - | -€18 | |
| Trade debts | 44 | €4,667 | €5,413 | +€746 | +16.0% |
| Suppliers | 440/4 | €4,667 | €5,413 | +€746 | +16.0% |
| Taxes, remuneration and social security | 45 | €18,401 | €3,901 | -€14,501 | -78.8% |
| Taxes | 450/3 | €18,401 | €3,901 | -€14,501 | -78.8% |
| Other amounts payable | 47/48 | €1,132 | €61,389 | +€60,257 | +5322.8% |
| Accrued charges and deferred income | 492/3 | €32 | - | -€32 | |
| Non-recurring operating income | 76A | - | €10,500 | +€10,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,459 | €186 | -€3,273 | -94.6% |
| Other operating charges | 640/8 | €1,769 | €1,339 | -€429 | -24.3% |
| Gross operating margin | 9900 | €9,436 | €4,392 | -€5,044 | -53.5% |
| Operating profit (loss) | 9901 | €4,208 | €2,867 | -€1,341 | -31.9% |
| Financial income | 75/76B | €1,952 | €182 | -€1,770 | -90.7% |
| Recurring financial income | 75 | €1,952 | €182 | -€1,770 | -90.7% |
| Financial charges | 65/66B | €181 | €93 | -€89 | -48.9% |
| Recurring financial charges | 65 | €181 | €93 | -€89 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €5,979 | €2,956 | -€3,023 | -50.6% |
| Income taxes | 67/77 | €7,768 | €3,129 | -€4,639 | -59.7% |
| Profit (loss) for the period | 9904 | -€1,788 | -€173 | +€1,615 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,788 | -€173 | +€1,615 | +90.3% |
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 8 October 2026 via checked.be.