ELEN FIREBIRD: what changed
ELEN FIREBIRD
Largest movements
- Cash +€350
up €350 (+791%), from €44 to €395
mainly Other debts (+€2,172) and Depreciation (+€124)
- Receivables within one year +€234
up €234 (+8.2%), from €2,836 to €3,070
- Other debts +€2,172
up €2,172 (+3.8%), from €57,031 to €59,203
- Profit (loss) carried forward -€1,382
down €1,382 (-2.4%), from -€57,826 to -€59,208
- Trade debts -€330
no longer reported in 2025 (was €330)
- Gross operating margin +€933
up €933 (+71.8%), from -€1,298 to -€366
- Other operating charges +€799
new in 2025: €799
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,135 | €18,595 | +€460 | +2.5% |
| Fixed assets | 21/28 | €1,043 | €919 | -€124 | -11.9% |
| Intangible fixed assets | 21 | €1,043 | €919 | -€124 | -11.9% |
| Current assets | 29/58 | €17,092 | €17,676 | +€584 | +3.4% |
| Stocks and contracts in progress | 3 | €14,211 | €14,211 | = | 0.0% |
| Stocks | 30/36 | €14,211 | €14,211 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,836 | €3,070 | +€234 | +8.2% |
| Other amounts receivable | 41 | €2,836 | €3,070 | +€234 | +8.2% |
| Cash at bank and in hand | 54/58 | €44 | €395 | +€350 | +791% |
| Total equity and liabilities | 10/49 | €18,135 | €18,595 | +€460 | +2.5% |
| Equity | 10/15 | -€39,226 | -€40,608 | -€1,382 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,826 | -€59,208 | -€1,382 | -2.4% |
| Amounts payable | 17/49 | €57,361 | €59,203 | +€1,842 | +3.2% |
| Amounts payable within one year | 42/48 | €57,361 | €59,203 | +€1,842 | +3.2% |
| Trade debts | 44 | €330 | - | -€330 | |
| Suppliers | 440/4 | €330 | - | -€330 | |
| Other amounts payable | 47/48 | €57,031 | €59,203 | +€2,172 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124 | €124 | = | 0.0% |
| Other operating charges | 640/8 | - | €799 | +€799 | |
| Gross operating margin | 9900 | -€1,298 | -€366 | +€933 | +71.8% |
| Operating profit (loss) | 9901 | -€1,422 | -€1,289 | +€133 | +9.4% |
| Financial charges | 65/66B | €88 | €93 | +€4 | +5.0% |
| Recurring financial charges | 65 | €88 | €93 | +€4 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,511 | -€1,382 | +€129 | +8.5% |
| Profit (loss) for the period | 9904 | -€1,511 | -€1,382 | +€129 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,511 | -€1,382 | +€129 | +8.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.