ELENOLI: 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.
ELENOLI
Largest movements
- Tangible fixed assets +€8,795
up €8,795 (+4.9%), from €180,291 to €189,086
of which Other tangible fixed assets: +€35,872
- Receivables within one year +€8,736
up €8,736 (+103%), from €8,441 to €17,177
of which Trade receivables: +€8,736
- Deferred charges and accrued income -€4,201
down €4,201 (-58.8%), from €7,147 to €2,946
- Other debts +€89,664
up €89,664 (+38.1%), from €235,292 to €324,956
- Profit (loss) carried forward -€59,433
new in 2025: -€59,433
- Reserves -€12,642
no longer reported in 2025 (was €12,642)
- Tax, wage and social debts -€7,696
down €7,696 (-43.3%), from €17,783 to €10,087
- Accrued charges and deferred income +€6,601
up €6,601 (+80.5%), from €8,203 to €14,804
- Gross operating margin -€51,027
down €51,027, from €14,161 to -€36,866
- Financial charges +€8,967
up €8,967 (+58.0%), from €15,450 to €24,417
- Depreciation +€8,669
up €8,669 (+939%), from €923 to €9,592
- Taxes -€2,869
down €2,869 (-89.1%), from €3,219 to €350
- Financial income -€525
down €525 (-99.8%), from €526 to €1
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 | €283,069 | €294,974 | +€11,905 | +4.2% |
| Fixed assets | 21/28 | €195,291 | €204,086 | +€8,795 | +4.5% |
| Tangible fixed assets | 22/27 | €180,291 | €189,086 | +€8,795 | +4.9% |
| Plant, machinery and equipment | 23 | €686 | €486 | -€200 | -29.1% |
| Furniture and vehicles | 24 | €2,805 | €7,579 | +€4,774 | +170% |
| Other tangible fixed assets | 26 | €145,148 | €181,020 | +€35,872 | +24.7% |
| Assets under construction and advance payments | 27 | €31,652 | - | -€31,652 | |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €87,778 | €90,888 | +€3,110 | +3.5% |
| Amounts receivable within one year | 40/41 | €8,441 | €17,177 | +€8,736 | +103% |
| Trade receivables | 40 | €3,660 | €12,396 | +€8,736 | +239% |
| Other amounts receivable | 41 | €4,781 | €4,781 | = | 0.0% |
| Current investments | 50/53 | €62,400 | €62,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,790 | €8,365 | -€1,425 | -14.6% |
| Deferred charges and accrued income | 490/1 | €7,147 | €2,946 | -€4,201 | -58.8% |
| Total equity and liabilities | 10/49 | €283,069 | €294,974 | +€11,905 | +4.2% |
| Equity | 10/15 | €14,642 | -€57,433 | -€72,075 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,642 | - | -€12,642 | |
| Distributable reserves | 133 | €12,642 | - | -€12,642 | |
| Profit (loss) carried forward | 14 | - | -€59,433 | -€59,433 | |
| Amounts payable | 17/49 | €268,426 | €352,407 | +€83,980 | +31.3% |
| Amounts payable within one year | 42/48 | €260,223 | €337,603 | +€77,380 | +29.7% |
| Trade debts | 44 | €7,148 | €2,560 | -€4,588 | -64.2% |
| Suppliers | 440/4 | €7,148 | €2,560 | -€4,588 | -64.2% |
| Taxes, remuneration and social security | 45 | €17,783 | €10,087 | -€7,696 | -43.3% |
| Taxes | 450/3 | €17,783 | €10,087 | -€7,696 | -43.3% |
| Other amounts payable | 47/48 | €235,292 | €324,956 | +€89,664 | +38.1% |
| Accrued charges and deferred income | 492/3 | €8,203 | €14,804 | +€6,601 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €923 | €9,592 | +€8,669 | +939% |
| Other operating charges | 640/8 | €1,305 | €852 | -€453 | -34.7% |
| Gross operating margin | 9900 | €14,161 | -€36,866 | -€51,027 | |
| Operating profit (loss) | 9901 | €11,934 | -€47,310 | -€59,244 | |
| Financial income | 75/76B | €526 | €1 | -€525 | -99.8% |
| Recurring financial income | 75 | €526 | €1 | -€525 | -99.8% |
| Financial charges | 65/66B | €15,450 | €24,417 | +€8,967 | +58.0% |
| Recurring financial charges | 65 | €15,450 | €24,417 | +€8,967 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,990 | -€71,726 | -€68,736 | -2,299% |
| Income taxes | 67/77 | €3,219 | €350 | -€2,869 | -89.1% |
| Profit (loss) for the period | 9904 | -€6,208 | -€72,075 | -€65,867 | -1,061% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,208 | -€72,075 | -€65,867 | -1,061% |
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.