ELEFIX: 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.
ELEFIX
Largest movements
- Receivables within one year +€99,413
up €99,413 (+298.2%), from €33,342 to €132,755
of which Trade receivables: +€65,886
- Cash -€11,357
down €11,357 (-9.7%), from €116,961 to €105,604
mainly Receivables within one year (-€99,413) and Contributions, distributions and other (-€85,000)
- Tangible fixed assets -€5,731
down €5,731 (-18.4%), from €31,186 to €25,455
- Reserves +€57,884
up €57,884 (+44.7%), from €129,609 to €187,493
- Tax, wage and social debts +€25,819
up €25,819 (+90.2%), from €28,630 to €54,450
of which Taxes: +€18,396
- Other debts -€3,555
down €3,555 (-25.4%), from €14,014 to €10,458
- Gross operating margin +€152,257
up €152,257 (+100.7%), from €151,255 to €303,512
- Staff costs +€39,984
up €39,984 (+79.4%), from €50,335 to €90,320
- Taxes +€25,248
up €25,248 (+129.8%), from €19,449 to €44,697
- Other operating charges +€8,367
up €8,367 (+310.5%), from €2,695 to €11,062
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 | €182,860 | €263,915 | +€81,055 | +44.3% |
| Fixed assets | 21/28 | €31,186 | €25,555 | -€5,631 | -18.1% |
| Tangible fixed assets | 22/27 | €31,186 | €25,455 | -€5,731 | -18.4% |
| Furniture and vehicles | 24 | €31,186 | €25,455 | -€5,731 | -18.4% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €151,673 | €238,359 | +€86,686 | +57.2% |
| Amounts receivable within one year | 40/41 | €33,342 | €132,755 | +€99,413 | +298.2% |
| Trade receivables | 40 | €10,833 | €76,719 | +€65,886 | +608.2% |
| Other amounts receivable | 41 | €22,509 | €56,037 | +€33,527 | +148.9% |
| Cash at bank and in hand | 54/58 | €116,961 | €105,604 | -€11,357 | -9.7% |
| Deferred charges and accrued income | 490/1 | €1,370 | - | -€1,370 | |
| Total equity and liabilities | 10/49 | €182,860 | €263,915 | +€81,055 | +44.3% |
| Equity | 10/15 | €135,609 | €193,493 | +€57,884 | +42.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €129,609 | €187,493 | +€57,884 | +44.7% |
| Distributable reserves | 133 | €129,609 | €187,493 | +€57,884 | +44.7% |
| Amounts payable | 17/49 | €47,251 | €70,422 | +€23,171 | +49.0% |
| Amounts payable within one year | 42/48 | €47,251 | €70,422 | +€23,171 | +49.0% |
| Trade debts | 44 | €4,607 | €5,514 | +€908 | +19.7% |
| Suppliers | 440/4 | €4,607 | €5,514 | +€908 | +19.7% |
| Taxes, remuneration and social security | 45 | €28,630 | €54,450 | +€25,819 | +90.2% |
| Taxes | 450/3 | €26,349 | €44,745 | +€18,396 | +69.8% |
| Remuneration and social security | 454/9 | €2,281 | €9,705 | +€7,423 | +325.4% |
| Other amounts payable | 47/48 | €14,014 | €10,458 | -€3,555 | -25.4% |
| Remuneration, social security and pensions | 62 | €50,335 | €90,320 | +€39,984 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,984 | €11,839 | +€2,856 | +31.8% |
| Other operating charges | 640/8 | €2,695 | €11,062 | +€8,367 | +310.5% |
| Gross operating margin | 9900 | €151,255 | €303,512 | +€152,257 | +100.7% |
| Operating profit (loss) | 9901 | €89,241 | €190,291 | +€101,050 | +113.2% |
| Financial income | 75/76B | €0 | €295 | +€295 | +294850.0% |
| Recurring financial income | 75 | €0 | €295 | +€295 | +294850.0% |
| Financial charges | 65/66B | €2,802 | €3,006 | +€204 | +7.3% |
| Recurring financial charges | 65 | €2,802 | €3,006 | +€204 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €86,439 | €187,580 | +€101,142 | +117.0% |
| Income taxes | 67/77 | €19,449 | €44,697 | +€25,248 | +129.8% |
| Profit (loss) for the period | 9904 | €66,990 | €142,884 | +€75,894 | +113.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,990 | €142,884 | +€75,894 | +113.3% |
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 1 October 2026 via checked.be.