ELEONI: what changed
ELEONI
Largest movements
- Receivables within one year +€100,320
up €100,320 (+131%), from €76,775 to €177,095
of which Trade receivables: +€66,419
- Stocks and contracts +€13,533
up €13,533 (+168%), from €8,038 to €21,571
- Tangible fixed assets -€8,998
down €8,998 (-19.8%), from €45,447 to €36,448
of which Furniture and vehicles: -€11,436
- Cash +€8,264
up €8,264 (+10.2%), from €80,679 to €88,942
mainly Net result for the year (+€55,845) and Trade debts (+€39,175)
- Profit (loss) carried forward +€55,845
up €55,845 (+67.8%), from €82,315 to €138,160
- Trade debts +€39,175
up €39,175 (+72.2%), from €54,286 to €93,462
- Tax, wage and social debts +€16,627
up €16,627 (+43.2%), from €38,499 to €55,126
of which Taxes: +€18,306
- Debts after one year -€7,277
down €7,277 (-28.6%), from €25,435 to €18,158
- Other debts +€4,755
up €4,755, from €0 to €4,755
- Gross operating margin +€35,773
up €35,773 (+65.8%), from €54,389 to €90,162
- Taxes +€8,425
up €8,425 (+138%), from €6,094 to €14,519
- Staff costs -€6,950
down €6,950 (-85.5%), from €8,125 to €1,176
- Financial charges +€3,291
up €3,291 (+150%), from €2,193 to €5,484
- Depreciation +€1,838
up €1,838 (+24.2%), from €7,579 to €9,417
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 | €212,536 | €324,397 | +€111,861 | +52.6% |
| Fixed assets | 21/28 | €45,447 | €36,448 | -€8,998 | -19.8% |
| Tangible fixed assets | 22/27 | €45,447 | €36,448 | -€8,998 | -19.8% |
| Plant, machinery and equipment | 23 | €3,063 | €4,349 | +€1,287 | +42.0% |
| Furniture and vehicles | 24 | €40,021 | €28,585 | -€11,436 | -28.6% |
| Other tangible fixed assets | 26 | €2,363 | €3,514 | +€1,151 | +48.7% |
| Current assets | 29/58 | €167,089 | €287,948 | +€120,859 | +72.3% |
| Stocks and contracts in progress | 3 | €8,038 | €21,571 | +€13,533 | +168% |
| Stocks | 30/36 | €8,038 | €21,571 | +€13,533 | +168% |
| Amounts receivable within one year | 40/41 | €76,775 | €177,095 | +€100,320 | +131% |
| Trade receivables | 40 | €73,292 | €139,710 | +€66,419 | +90.6% |
| Other amounts receivable | 41 | €3,483 | €37,385 | +€33,902 | +973% |
| Cash at bank and in hand | 54/58 | €80,679 | €88,942 | +€8,264 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,598 | €340 | -€1,258 | -78.7% |
| Total equity and liabilities | 10/49 | €212,536 | €324,397 | +€111,861 | +52.6% |
| Equity | 10/15 | €87,315 | €143,160 | +€55,845 | +64.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,315 | €138,160 | +€55,845 | +67.8% |
| Amounts payable | 17/49 | €125,221 | €181,237 | +€56,015 | +44.7% |
| Amounts payable after more than one year | 17 | €25,435 | €18,158 | -€7,277 | -28.6% |
| Financial debts | 170/4 | €25,435 | €18,158 | -€7,277 | -28.6% |
| Amounts payable within one year | 42/48 | €99,755 | €163,079 | +€63,324 | +63.5% |
| Current portion of amounts payable after more than one year | 42 | €6,970 | €7,277 | +€307 | +4.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €54,286 | €93,462 | +€39,175 | +72.2% |
| Suppliers | 440/4 | €54,286 | €93,462 | +€39,175 | +72.2% |
| Advances received on contracts in progress | 46 | - | €2,460 | +€2,460 | |
| Taxes, remuneration and social security | 45 | €38,499 | €55,126 | +€16,627 | +43.2% |
| Taxes | 450/3 | €36,820 | €55,126 | +€18,306 | +49.7% |
| Remuneration and social security | 454/9 | €1,679 | - | -€1,679 | |
| Other amounts payable | 47/48 | €0 | €4,755 | +€4,755 | |
| Accrued charges and deferred income | 492/3 | €32 | - | -€32 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,125 | €1,176 | -€6,950 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,579 | €9,417 | +€1,838 | +24.2% |
| Other operating charges | 640/8 | €3,124 | €3,725 | +€601 | +19.2% |
| Gross operating margin | 9900 | €54,389 | €90,162 | +€35,773 | +65.8% |
| Operating profit (loss) | 9901 | €35,560 | €75,844 | +€40,284 | +113% |
| Financial income | 75/76B | €0 | €4 | +€4 | +1,810% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1,810% |
| Financial charges | 65/66B | €2,193 | €5,484 | +€3,291 | +150% |
| Recurring financial charges | 65 | €2,193 | €5,484 | +€3,291 | +150% |
| Profit (loss) for the period before taxes | 9903 | €33,368 | €70,364 | +€36,997 | +111% |
| Income taxes | 67/77 | €6,094 | €14,519 | +€8,425 | +138% |
| Profit (loss) for the period | 9904 | €27,273 | €55,845 | +€28,572 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €27,273 | €55,845 | +€28,572 | +105% |
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 6 November 2026 via checked.be.