ELIBAK: 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.
ELIBAK
Largest movements
- Stocks and contracts -€15,808
down €15,808 (-25.9%), from €60,932 to €45,124
- Cash +€12,027
up €12,027 (+80.9%), from €14,868 to €26,894
mainly Stocks and contracts (+€15,808) and Trade debts (+€14,655)
- Tangible fixed assets +€5,951
up €5,951 (+558.0%), from €1,067 to €7,018
of which Plant, machinery and equipment: +€4,306
- Receivables within one year +€1,921
up €1,921 (+5.2%), from €36,770 to €38,691
of which Trade receivables: +€4,045
- Advances received -€17,208
no longer reported in 2025 (was €17,208)
- Trade debts +€14,655
up €14,655 (+107.6%), from €13,618 to €28,273
- Profit (loss) carried forward +€3,395
up €3,395 (+24.1%), from €14,086 to €17,482
- Tax, wage and social debts +€1,922
up €1,922 (+5.0%), from €38,811 to €40,733
of which Remuneration and social security: +€7,403
- Accrued charges and deferred income +€1,640
up €1,640 (+29.9%), from €5,490 to €7,130
- Staff costs -€31,593
down €31,593 (-36.2%), from €87,361 to €55,768
- Gross operating margin -€30,240
down €30,240 (-33.2%), from €91,170 to €60,929
- Taxes -€1,687
no longer reported in 2025 (was €1,687)
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 | €113,636 | €117,862 | +€4,226 | +3.7% |
| Fixed assets | 21/28 | €1,067 | €7,153 | +€6,086 | +570.6% |
| Tangible fixed assets | 22/27 | €1,067 | €7,018 | +€5,951 | +558.0% |
| Plant, machinery and equipment | 23 | €1,067 | €5,372 | +€4,306 | +403.7% |
| Furniture and vehicles | 24 | - | €1,645 | +€1,645 | |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €112,570 | €110,709 | -€1,860 | -1.7% |
| Stocks and contracts in progress | 3 | €60,932 | €45,124 | -€15,808 | -25.9% |
| Stocks | 30/36 | €60,932 | €45,124 | -€15,808 | -25.9% |
| Amounts receivable within one year | 40/41 | €36,770 | €38,691 | +€1,921 | +5.2% |
| Trade receivables | 40 | €27,272 | €31,318 | +€4,045 | +14.8% |
| Other amounts receivable | 41 | €9,498 | €7,373 | -€2,125 | -22.4% |
| Cash at bank and in hand | 54/58 | €14,868 | €26,894 | +€12,027 | +80.9% |
| Total equity and liabilities | 10/49 | €113,636 | €117,862 | +€4,226 | +3.7% |
| Equity | 10/15 | €34,517 | €37,913 | +€3,395 | +9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €431 | €431 | = | 0.0% |
| Non-distributable reserves | 130/1 | €431 | €431 | = | 0.0% |
| Reserves not available under the articles | 1311 | €431 | €431 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,086 | €17,482 | +€3,395 | +24.1% |
| Amounts payable | 17/49 | €79,119 | €79,949 | +€830 | +1.0% |
| Amounts payable within one year | 42/48 | €73,629 | €72,819 | -€810 | -1.1% |
| Trade debts | 44 | €13,618 | €28,273 | +€14,655 | +107.6% |
| Suppliers | 440/4 | €13,618 | €28,273 | +€14,655 | +107.6% |
| Advances received on contracts in progress | 46 | €17,208 | - | -€17,208 | |
| Taxes, remuneration and social security | 45 | €38,811 | €40,733 | +€1,922 | +5.0% |
| Taxes | 450/3 | €14,898 | €9,417 | -€5,481 | -36.8% |
| Remuneration and social security | 454/9 | €23,913 | €31,316 | +€7,403 | +31.0% |
| Other amounts payable | 47/48 | €3,992 | €3,813 | -€179 | -4.5% |
| Accrued charges and deferred income | 492/3 | €5,490 | €7,130 | +€1,640 | +29.9% |
| Remuneration, social security and pensions | 62 | €87,361 | €55,768 | -€31,593 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €1,115 | +€826 | +286.0% |
| Other operating charges | 640/8 | €398 | €689 | +€291 | +73.2% |
| Gross operating margin | 9900 | €91,170 | €60,929 | -€30,240 | -33.2% |
| Operating profit (loss) | 9901 | €3,122 | €3,358 | +€235 | +7.5% |
| Financial income | 75/76B | €262 | €283 | +€21 | +8.0% |
| Recurring financial income | 75 | €262 | €283 | +€21 | +8.0% |
| Financial charges | 65/66B | €630 | €245 | -€385 | -61.1% |
| Recurring financial charges | 65 | €630 | €245 | -€385 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €2,754 | €3,395 | +€642 | +23.3% |
| Income taxes | 67/77 | €1,687 | - | -€1,687 | |
| Profit (loss) for the period | 9904 | €1,067 | €3,395 | +€2,328 | +218.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,067 | €3,395 | +€2,328 | +218.1% |
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 11 October 2026 via checked.be.