Elibre: what changed
Elibre
Largest movements
- Current investments -€56,722
down €56,722 (-12.8%), from €442,824 to €386,102
- Cash -€17,500
down €17,500 (-63.6%), from €27,536 to €10,036
mainly Contributions, distributions and other (-€209,777) and Net result for the year (-€19,565)
- Receivables within one year -€5,912
down €5,912 (-19.3%), from €30,613 to €24,701
of which Trade receivables: -€8,833
- Reserves -€209,777
down €209,777 (-50.1%), from €418,752 to €208,975
- Other debts +€155,608
up €155,608 (+267%), from €58,303 to €213,911
- Profit (loss) carried forward -€19,565
down €19,565, from €0 to -€19,565
- Gross operating margin -€214,797
down €214,797, from €182,325 to -€32,471
- Taxes -€58,674
down €58,674 (-99.3%), from €59,059 to €385
- Financial income +€12,991
up €12,991 (+615%), from €2,111 to €15,103
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 | €501,932 | €421,678 | -€80,254 | -16.0% |
| Current assets | 29/58 | €501,932 | €421,678 | -€80,254 | -16.0% |
| Amounts receivable within one year | 40/41 | €30,613 | €24,701 | -€5,912 | -19.3% |
| Trade receivables | 40 | €30,613 | €21,780 | -€8,833 | -28.9% |
| Other amounts receivable | 41 | - | €2,921 | +€2,921 | |
| Current investments | 50/53 | €442,824 | €386,102 | -€56,722 | -12.8% |
| Cash at bank and in hand | 54/58 | €27,536 | €10,036 | -€17,500 | -63.6% |
| Deferred charges and accrued income | 490/1 | €958 | €838 | -€120 | -12.5% |
| Total equity and liabilities | 10/49 | €501,932 | €421,678 | -€80,254 | -16.0% |
| Equity | 10/15 | €418,752 | €189,411 | -€229,342 | -54.8% |
| Reserves | 13 | €418,752 | €208,975 | -€209,777 | -50.1% |
| Distributable reserves | 133 | €418,752 | €208,975 | -€209,777 | -50.1% |
| Profit (loss) carried forward | 14 | €0 | -€19,565 | -€19,565 | |
| Amounts payable | 17/49 | €83,180 | €232,267 | +€149,087 | +179% |
| Amounts payable within one year | 42/48 | €83,180 | €232,267 | +€149,087 | +179% |
| Financial debts | 43 | €34 | €14 | -€20 | -58.0% |
| Other loans | 439 | €34 | €14 | -€20 | -58.0% |
| Trade debts | 44 | €3,380 | €1,592 | -€1,789 | -52.9% |
| Suppliers | 440/4 | €3,380 | €1,592 | -€1,789 | -52.9% |
| Taxes, remuneration and social security | 45 | €21,463 | €16,750 | -€4,713 | -22.0% |
| Taxes | 450/3 | €21,463 | €16,750 | -€4,713 | -22.0% |
| Other amounts payable | 47/48 | €58,303 | €213,911 | +€155,608 | +267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,176 | €1,428 | +€252 | +21.4% |
| Gross operating margin | 9900 | €182,325 | -€32,471 | -€214,797 | |
| Operating profit (loss) | 9901 | €181,149 | -€33,899 | -€215,048 | |
| Financial income | 75/76B | €2,111 | €15,103 | +€12,991 | +615% |
| Recurring financial income | 75 | €2,111 | €15,103 | +€12,991 | +615% |
| Financial charges | 65/66B | €319 | €383 | +€63 | +19.8% |
| Recurring financial charges | 65 | €319 | €383 | +€63 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €182,941 | -€19,179 | -€202,120 | |
| Income taxes | 67/77 | €59,059 | €385 | -€58,674 | -99.3% |
| Profit (loss) for the period | 9904 | €123,882 | -€19,565 | -€143,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,882 | -€19,565 | -€143,447 |
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 8 November 2026 via checked.be.