ELEBA: 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.
ELEBA
Largest movements
- Tangible fixed assets +€23,068
new in 2025: €23,068
- Cash -€14,589
down €14,589 (-24.9%), from €58,669 to €44,081
mainly Investment in fixed assets (net) (-€26,589) and Other debts (-€7,200)
- Receivables within one year +€3,000
new in 2025: €3,000
- Deferred charges and accrued income -€2,394
down €2,394 (-18.0%), from €13,280 to €10,887
- Profit (loss) carried forward +€13,865
up €13,865 (+127.1%), from €10,909 to €24,774
- Other debts -€7,200
down €7,200 (-35.6%), from €20,250 to €13,050
- Tax, wage and social debts +€2,778
up €2,778 (+9.1%), from €30,392 to €33,170
of which Taxes: +€5,792
- Gross operating margin -€6,599
down €6,599 (-3.2%), from €207,575 to €200,977
- Depreciation +€3,521
new in 2025: €3,521
- Taxes -€3,182
down €3,182 (-36.2%), from €8,778 to €5,596
- Staff costs +€2,218
up €2,218 (+1.3%), from €174,895 to €177,113
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 | €71,950 | €81,036 | +€9,086 | +12.6% |
| Fixed assets | 21/28 | - | €23,068 | +€23,068 | |
| Tangible fixed assets | 22/27 | - | €23,068 | +€23,068 | |
| Furniture and vehicles | 24 | - | €23,068 | +€23,068 | |
| Current assets | 29/58 | €71,950 | €57,967 | -€13,983 | -19.4% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €58,669 | €44,081 | -€14,589 | -24.9% |
| Deferred charges and accrued income | 490/1 | €13,280 | €10,887 | -€2,394 | -18.0% |
| Total equity and liabilities | 10/49 | €71,950 | €81,036 | +€9,086 | +12.6% |
| Equity | 10/15 | €18,969 | €32,834 | +€13,865 | +73.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,909 | €24,774 | +€13,865 | +127.1% |
| Amounts payable | 17/49 | €52,981 | €48,202 | -€4,779 | -9.0% |
| Amounts payable within one year | 42/48 | €52,981 | €48,202 | -€4,779 | -9.0% |
| Trade debts | 44 | €2,339 | €1,982 | -€357 | -15.3% |
| Suppliers | 440/4 | €2,339 | €1,982 | -€357 | -15.3% |
| Taxes, remuneration and social security | 45 | €30,392 | €33,170 | +€2,778 | +9.1% |
| Taxes | 450/3 | €4,759 | €10,550 | +€5,792 | +121.7% |
| Remuneration and social security | 454/9 | €25,634 | €22,620 | -€3,014 | -11.8% |
| Other amounts payable | 47/48 | €20,250 | €13,050 | -€7,200 | -35.6% |
| Remuneration, social security and pensions | 62 | €174,895 | €177,113 | +€2,218 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,521 | +€3,521 | |
| Other operating charges | 640/8 | €472 | €632 | +€159 | +33.8% |
| Gross operating margin | 9900 | €207,575 | €200,977 | -€6,599 | -3.2% |
| Operating profit (loss) | 9901 | €32,208 | €19,711 | -€12,496 | -38.8% |
| Financial income | 75/76B | €76 | €104 | +€28 | +36.9% |
| Recurring financial income | 75 | €76 | €104 | +€28 | +36.9% |
| Financial charges | 65/66B | €121 | €354 | +€233 | +192.9% |
| Recurring financial charges | 65 | €121 | €354 | +€233 | +192.9% |
| Profit (loss) for the period before taxes | 9903 | €32,163 | €19,462 | -€12,701 | -39.5% |
| Income taxes | 67/77 | €8,778 | €5,596 | -€3,182 | -36.2% |
| Profit (loss) for the period | 9904 | €23,385 | €13,865 | -€9,520 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,385 | €13,865 | -€9,520 | -40.7% |
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 9 October 2026 via checked.be.