ELEINA MANAGEMENT: 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.
ELEINA MANAGEMENT
Largest movements
- Cash +€26,322
up €26,322 (+65.2%), from €40,398 to €66,720
mainly Net result for the year (+€56,148) and Other debts (+€27,222)
- Receivables within one year -€5,168
down €5,168 (-26.8%), from €19,292 to €14,124
of which Other amounts receivable: -€5,037
- Debts after one year -€31,655
down €31,655 (-23.5%), from €134,594 to €102,939
- Other debts +€27,222
up €27,222 (+927%), from €2,937 to €30,159
- Profit (loss) carried forward +€26,148
up €26,148 (+26.3%), from €99,365 to €125,513
- Gross operating margin -€27,513
down €27,513 (-24.6%), from €111,825 to €84,312
- Taxes -€6,704
down €6,704 (-24.0%), from €27,969 to €21,265
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 | €290,012 | €311,297 | +€21,285 | +7.3% |
| Formation expenses | 20 | €322 | - | -€322 | |
| Fixed assets | 21/28 | €230,000 | €230,453 | +€453 | +0.2% |
| Tangible fixed assets | 22/27 | - | €453 | +€453 | |
| Furniture and vehicles | 24 | - | €453 | +€453 | |
| Financial fixed assets | 28 | €230,000 | €230,000 | = | 0.0% |
| Current assets | 29/58 | €59,690 | €80,844 | +€21,154 | +35.4% |
| Amounts receivable within one year | 40/41 | €19,292 | €14,124 | -€5,168 | -26.8% |
| Trade receivables | 40 | €13,761 | €13,630 | -€131 | -1.0% |
| Other amounts receivable | 41 | €5,531 | €494 | -€5,037 | -91.1% |
| Cash at bank and in hand | 54/58 | €40,398 | €66,720 | +€26,322 | +65.2% |
| Total equity and liabilities | 10/49 | €290,012 | €311,297 | +€21,285 | +7.3% |
| Equity | 10/15 | €101,865 | €128,013 | +€26,148 | +25.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,365 | €125,513 | +€26,148 | +26.3% |
| Amounts payable | 17/49 | €188,147 | €183,284 | -€4,863 | -2.6% |
| Amounts payable after more than one year | 17 | €134,594 | €102,939 | -€31,655 | -23.5% |
| Financial debts | 170/4 | €134,594 | €102,939 | -€31,655 | -23.5% |
| Amounts payable within one year | 42/48 | €49,278 | €76,511 | +€27,233 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €30,957 | €31,655 | +€698 | +2.3% |
| Trade debts | 44 | €152 | €76 | -€76 | -50.0% |
| Suppliers | 440/4 | €152 | €76 | -€76 | -50.0% |
| Taxes, remuneration and social security | 45 | €15,232 | €14,621 | -€611 | -4.0% |
| Taxes | 450/3 | €15,232 | €14,372 | -€860 | -5.6% |
| Remuneration and social security | 454/9 | - | €249 | +€249 | |
| Other amounts payable | 47/48 | €2,937 | €30,159 | +€27,222 | +927% |
| Accrued charges and deferred income | 492/3 | €4,275 | €3,834 | -€441 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322 | €529 | +€207 | +64.3% |
| Other operating charges | 640/8 | €899 | €928 | +€29 | +3.2% |
| Non-recurring operating charges | 66A | €118 | €64 | -€54 | -45.8% |
| Gross operating margin | 9900 | €111,825 | €84,312 | -€27,513 | -24.6% |
| Operating profit (loss) | 9901 | €110,486 | €82,791 | -€27,695 | -25.1% |
| Financial charges | 65/66B | €6,268 | €5,378 | -€890 | -14.2% |
| Recurring financial charges | 65 | €6,268 | €5,378 | -€890 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €104,218 | €77,413 | -€26,805 | -25.7% |
| Income taxes | 67/77 | €27,969 | €21,265 | -€6,704 | -24.0% |
| Profit (loss) for the period | 9904 | €76,249 | €56,148 | -€20,101 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,249 | €56,148 | -€20,101 | -26.4% |
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 17 October 2026 via checked.be.