ELIBAT: 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.
ELIBAT
Largest movements
- Tangible fixed assets -€35,126
down €35,126 (-22.7%), from €154,736 to €119,610
of which Land and buildings: -€29,952
- Stocks and contracts +€7,203
up €7,203 (+5.3%), from €136,987 to €144,189
- Cash -€5,487
down €5,487 (-59.8%), from €9,172 to €3,685
mainly Short-term financial debts (-€79,694) and Net result for the year (-€18,644)
- Deferred charges and accrued income +€4,864
up €4,864 (+1464.3%), from €332 to €5,196
- Receivables within one year +€3,948
up €3,948 (+84.1%), from €4,697 to €8,645
of which Other amounts receivable: +€2,509
- Short-term financial debts -€79,694
down €79,694 (-79.7%), from €100,000 to €20,306
- Debts after one year +€61,140
new in 2025: €61,140
- Profit (loss) carried forward -€18,644
down €18,644 (-79.9%), from -€23,342 to -€41,985
- Trade debts +€14,229
up €14,229 (+65.5%), from €21,729 to €35,957
- Other debts -€13,541
down €13,541 (-13.6%), from €99,264 to €85,723
- Gross operating margin -€15,196
down €15,196 (-17.0%), from €89,160 to €73,964
- Staff costs +€9,123
up €9,123 (+39.2%), from €23,259 to €32,382
- Financial charges +€3,596
up €3,596 (+39.7%), from €9,053 to €12,649
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 | €306,132 | €281,533 | -€24,599 | -8.0% |
| Fixed assets | 21/28 | €154,944 | €119,818 | -€35,126 | -22.7% |
| Tangible fixed assets | 22/27 | €154,736 | €119,610 | -€35,126 | -22.7% |
| Land and buildings | 22 | €143,935 | €113,983 | -€29,952 | -20.8% |
| Furniture and vehicles | 24 | €10,801 | €5,627 | -€5,174 | -47.9% |
| Financial fixed assets | 28 | €208 | €208 | = | 0.0% |
| Current assets | 29/58 | €151,188 | €161,715 | +€10,527 | +7.0% |
| Stocks and contracts in progress | 3 | €136,987 | €144,189 | +€7,203 | +5.3% |
| Stocks | 30/36 | €136,987 | €144,189 | +€7,203 | +5.3% |
| Amounts receivable within one year | 40/41 | €4,697 | €8,645 | +€3,948 | +84.1% |
| Trade receivables | 40 | - | €1,439 | +€1,439 | |
| Other amounts receivable | 41 | €4,697 | €7,206 | +€2,509 | +53.4% |
| Cash at bank and in hand | 54/58 | €9,172 | €3,685 | -€5,487 | -59.8% |
| Deferred charges and accrued income | 490/1 | €332 | €5,196 | +€4,864 | +1464.3% |
| Total equity and liabilities | 10/49 | €306,132 | €281,533 | -€24,599 | -8.0% |
| Equity | 10/15 | €56,658 | €38,015 | -€18,644 | -32.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,342 | -€41,985 | -€18,644 | -79.9% |
| Amounts payable | 17/49 | €249,473 | €243,518 | -€5,955 | -2.4% |
| Amounts payable after more than one year | 17 | - | €61,140 | +€61,140 | |
| Financial debts | 170/4 | - | €61,140 | +€61,140 | |
| Amounts payable within one year | 42/48 | €249,183 | €182,088 | -€67,095 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €14,229 | €19,373 | +€5,144 | +36.2% |
| Financial debts | 43 | €100,000 | €20,306 | -€79,694 | -79.7% |
| Credit institutions | 430/8 | €100,000 | €20,306 | -€79,694 | -79.7% |
| Trade debts | 44 | €21,729 | €35,957 | +€14,229 | +65.5% |
| Suppliers | 440/4 | €21,729 | €35,957 | +€14,229 | +65.5% |
| Taxes, remuneration and social security | 45 | €13,961 | €20,729 | +€6,768 | +48.5% |
| Taxes | 450/3 | €2,075 | €4,306 | +€2,231 | +107.5% |
| Remuneration and social security | 454/9 | €11,886 | €16,423 | +€4,537 | +38.2% |
| Other amounts payable | 47/48 | €99,264 | €85,723 | -€13,541 | -13.6% |
| Accrued charges and deferred income | 492/3 | €291 | €291 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €23,259 | €32,382 | +€9,123 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,405 | €35,126 | -€279 | -0.8% |
| Other operating charges | 640/8 | €11,798 | €11,906 | +€108 | +0.9% |
| Gross operating margin | 9900 | €89,160 | €73,964 | -€15,196 | -17.0% |
| Operating profit (loss) | 9901 | €18,698 | -€5,450 | -€24,148 | |
| Financial income | 75/76B | €253 | €8 | -€245 | -96.9% |
| Recurring financial income | 75 | €253 | €8 | -€245 | -96.9% |
| Financial charges | 65/66B | €9,053 | €12,649 | +€3,596 | +39.7% |
| Recurring financial charges | 65 | €9,053 | €12,649 | +€3,596 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €9,898 | -€18,091 | -€27,989 | |
| Income taxes | 67/77 | €1,303 | €553 | -€750 | -57.6% |
| Profit (loss) for the period | 9904 | €8,595 | -€18,644 | -€27,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,595 | -€18,644 | -€27,239 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.