ELENA: 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.
ELENA
Largest movements
- Tangible fixed assets +€3,486
up €3,486 (+4.0%), from €86,538 to €90,024
of which Plant, machinery and equipment: +€7,420
- Other debts +€14,236
up €14,236 (+27.7%), from €51,406 to €65,643
- Debts after one year -€6,840
down €6,840 (-18.9%), from €36,198 to €29,358
- Profit (loss) carried forward -€2,895
down €2,895 (-10.9%), from -€26,474 to -€29,370
- Gross operating margin +€2,531
up €2,531 (+45.6%), from €5,549 to €8,079
- Depreciation +€1,268
up €1,268 (+19.7%), from €6,424 to €7,692
- Financial charges -€183
down €183 (-12.7%), from €1,444 to €1,261
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 | €87,202 | €91,071 | +€3,869 | +4.4% |
| Fixed assets | 21/28 | €86,538 | €90,024 | +€3,486 | +4.0% |
| Tangible fixed assets | 22/27 | €86,538 | €90,024 | +€3,486 | +4.0% |
| Land and buildings | 22 | €64,497 | €60,563 | -€3,933 | -6.1% |
| Plant, machinery and equipment | 23 | €22,041 | €29,461 | +€7,420 | +33.7% |
| Current assets | 29/58 | €664 | €1,046 | +€382 | +57.6% |
| Cash at bank and in hand | 54/58 | €664 | €1,046 | +€382 | +57.6% |
| Total equity and liabilities | 10/49 | €87,202 | €91,071 | +€3,869 | +4.4% |
| Equity | 10/15 | -€7,874 | -€10,770 | -€2,895 | -36.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,474 | -€29,370 | -€2,895 | -10.9% |
| Amounts payable | 17/49 | €95,076 | €101,840 | +€6,764 | +7.1% |
| Amounts payable after more than one year | 17 | €36,198 | €29,358 | -€6,840 | -18.9% |
| Financial debts | 170/4 | €36,198 | €29,358 | -€6,840 | -18.9% |
| Amounts payable within one year | 42/48 | €58,879 | €72,482 | +€13,604 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €6,651 | €6,840 | +€189 | +2.8% |
| Trade debts | 44 | €821 | - | -€821 | |
| Suppliers | 440/4 | €821 | - | -€821 | |
| Other amounts payable | 47/48 | €51,406 | €65,643 | +€14,236 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,424 | €7,692 | +€1,268 | +19.7% |
| Other operating charges | 640/8 | €1,960 | €2,022 | +€62 | +3.1% |
| Gross operating margin | 9900 | €5,549 | €8,079 | +€2,531 | +45.6% |
| Operating profit (loss) | 9901 | -€2,836 | -€1,635 | +€1,201 | +42.4% |
| Financial charges | 65/66B | €1,444 | €1,261 | -€183 | -12.7% |
| Recurring financial charges | 65 | €1,444 | €1,261 | -€183 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,280 | -€2,895 | +€1,384 | +32.3% |
| Profit (loss) for the period | 9904 | -€4,280 | -€2,895 | +€1,384 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,280 | -€2,895 | +€1,384 | +32.3% |
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 2 October 2026 via checked.be.