Eleproject: 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.
Eleproject
Largest movements
- Tangible fixed assets +€112,630
up €112,630 (+2694.4%), from €4,180 to €116,811
of which Land and buildings: +€114,244
- Cash -€31,710
down €31,710 (-75.0%), from €42,306 to €10,595
mainly Investment in fixed assets (net) (-€115,000)
- Deferred charges and accrued income -€3,567
down €3,567 (-96.8%), from €3,686 to €119
- Receivables within one year -€2,848
down €2,848 (-23.4%), from €12,176 to €9,328
of which Trade receivables: -€2,848
- Profit (loss) carried forward +€41,611
up €41,611 (+115.1%), from €36,166 to €77,777
- Other debts +€32,732
up €32,732 (+357.6%), from €9,154 to €41,886
- Gross operating margin +€9,120
up €9,120 (+19.1%), from €47,768 to €56,888
- Taxes +€1,886
up €1,886 (+18.3%), from €10,300 to €12,186
- Depreciation +€1,709
up €1,709 (+258.6%), from €661 to €2,370
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 | €62,347 | €136,852 | +€74,505 | +119.5% |
| Fixed assets | 21/28 | €4,180 | €116,811 | +€112,630 | +2694.4% |
| Tangible fixed assets | 22/27 | €4,180 | €116,811 | +€112,630 | +2694.4% |
| Land and buildings | 22 | - | €114,244 | +€114,244 | |
| Furniture and vehicles | 24 | €4,180 | €2,567 | -€1,614 | -38.6% |
| Current assets | 29/58 | €58,167 | €20,042 | -€38,125 | -65.5% |
| Amounts receivable within one year | 40/41 | €12,176 | €9,328 | -€2,848 | -23.4% |
| Trade receivables | 40 | €12,176 | €9,328 | -€2,848 | -23.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €42,306 | €10,595 | -€31,710 | -75.0% |
| Deferred charges and accrued income | 490/1 | €3,686 | €119 | -€3,567 | -96.8% |
| Total equity and liabilities | 10/49 | €62,347 | €136,852 | +€74,505 | +119.5% |
| Equity | 10/15 | €38,666 | €80,277 | +€41,611 | +107.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,166 | €77,777 | +€41,611 | +115.1% |
| Amounts payable | 17/49 | €23,682 | €56,575 | +€32,894 | +138.9% |
| Amounts payable within one year | 42/48 | €23,682 | €56,409 | +€32,727 | +138.2% |
| Trade debts | 44 | €632 | €370 | -€262 | -41.4% |
| Suppliers | 440/4 | €632 | €370 | -€262 | -41.4% |
| Taxes, remuneration and social security | 45 | €13,896 | €14,153 | +€257 | +1.8% |
| Taxes | 450/3 | €13,896 | €13,853 | -€43 | -0.3% |
| Remuneration and social security | 454/9 | €0 | €300 | +€300 | |
| Other amounts payable | 47/48 | €9,154 | €41,886 | +€32,732 | +357.6% |
| Accrued charges and deferred income | 492/3 | - | €166 | +€166 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661 | €2,370 | +€1,709 | +258.6% |
| Other operating charges | 640/8 | €584 | €583 | -€1 | -0.2% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €47,768 | €56,888 | +€9,120 | +19.1% |
| Operating profit (loss) | 9901 | €46,523 | €53,890 | +€7,367 | +15.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €58 | €93 | +€36 | +62.1% |
| Recurring financial charges | 65 | €58 | €93 | +€36 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €46,466 | €53,798 | +€7,332 | +15.8% |
| Income taxes | 67/77 | €10,300 | €12,186 | +€1,886 | +18.3% |
| Profit (loss) for the period | 9904 | €36,166 | €41,611 | +€5,445 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,166 | €41,611 | +€5,445 | +15.1% |
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 6 October 2026 via checked.be.