ELHE GLOBE: 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.
ELHE GLOBE
Largest movements
- Cash -€8,642
down €8,642 (-16.2%), from €53,503 to €44,860
mainly Tax, wage and social debts (-€3,213) and Investment in fixed assets (net) (-€2,820)
- Financial fixed assets +€1,620
new in 2025: €1,620
- Tangible fixed assets +€984
new in 2025: €984
- Receivables within one year +€869
up €869 (+122%), from €713 to €1,582
of which Trade receivables: +€981
- Tax, wage and social debts -€3,213
down €3,213 (-87.0%), from €3,694 to €481
- Reserves -€1,290
down €1,290 (-3.2%), from €39,690 to €38,400
- Other debts -€1,094
down €1,094 (-100%), from €1,094 to €0
- Gross operating margin -€19,412
down €19,412, from €19,013 to -€399
- Taxes -€3,694
down €3,694 (-100%), from €3,694 to €0
- Other operating charges +€444
up €444 (+179%), from €249 to €693
- Financial income +€256
new in 2025: €256
- Depreciation +€216
new in 2025: €216
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 | €54,566 | €49,163 | -€5,403 | -9.9% |
| Fixed assets | 21/28 | - | €2,604 | +€2,604 | |
| Tangible fixed assets | 22/27 | - | €984 | +€984 | |
| Plant, machinery and equipment | 23 | - | €984 | +€984 | |
| Financial fixed assets | 28 | - | €1,620 | +€1,620 | |
| Current assets | 29/58 | €54,566 | €46,558 | -€8,007 | -14.7% |
| Stocks and contracts in progress | 3 | €350 | €0 | -€350 | -100% |
| Stocks | 30/36 | €350 | €0 | -€350 | -100% |
| Amounts receivable within one year | 40/41 | €713 | €1,582 | +€869 | +122% |
| Trade receivables | 40 | - | €981 | +€981 | |
| Other amounts receivable | 41 | €713 | €602 | -€111 | -15.6% |
| Cash at bank and in hand | 54/58 | €53,503 | €44,860 | -€8,642 | -16.2% |
| Deferred charges and accrued income | 490/1 | - | €116 | +€116 | |
| Total equity and liabilities | 10/49 | €54,566 | €49,163 | -€5,403 | -9.9% |
| Equity | 10/15 | €49,690 | €48,400 | -€1,290 | -2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €39,690 | €38,400 | -€1,290 | -3.2% |
| Distributable reserves | 133 | €39,690 | €38,400 | -€1,290 | -3.2% |
| Amounts payable | 17/49 | €4,876 | €762 | -€4,113 | -84.4% |
| Amounts payable within one year | 42/48 | €4,876 | €762 | -€4,113 | -84.4% |
| Trade debts | 44 | €88 | €282 | +€194 | +222% |
| Suppliers | 440/4 | €88 | €282 | +€194 | +222% |
| Taxes, remuneration and social security | 45 | €3,694 | €481 | -€3,213 | -87.0% |
| Taxes | 450/3 | €3,694 | €481 | -€3,213 | -87.0% |
| Other amounts payable | 47/48 | €1,094 | €0 | -€1,094 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €216 | +€216 | |
| Other operating charges | 640/8 | €249 | €693 | +€444 | +179% |
| Gross operating margin | 9900 | €19,013 | -€399 | -€19,412 | |
| Operating profit (loss) | 9901 | €18,764 | -€1,308 | -€20,072 | |
| Financial income | 75/76B | - | €256 | +€256 | |
| Recurring financial income | 75 | - | €256 | +€256 | |
| Financial charges | 65/66B | €356 | €238 | -€118 | -33.2% |
| Recurring financial charges | 65 | €356 | €238 | -€118 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €18,408 | -€1,290 | -€19,698 | |
| Income taxes | 67/77 | €3,694 | €0 | -€3,694 | -100% |
| Profit (loss) for the period | 9904 | €14,715 | -€1,290 | -€16,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,715 | -€1,290 | -€16,004 |
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 13 October 2026 via checked.be.