ELICA: 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.
ELICA
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€124,071
up €124,071 (+804.2%), from €15,428 to €139,499
mainly Current investments (+€200,000) and Depreciation (+€69,677)
- Tangible fixed assets +€64,441
up €64,441 (+9.0%), from €712,418 to €776,859
of which Land and buildings: +€43,636
- Receivables within one year +€16,830
up €16,830 (+75.6%), from €22,269 to €39,099
No liability line moved by more than 1% of the balance sheet total.
- Turnover -€4,267
down €4,267 (-2.6%), from €161,683 to €157,416
- Gross operating margin -€3,408
down €3,408 (-3.1%), from €108,332 to €104,924
- Other operating charges +€1,756
up €1,756 (+7.8%), from €22,512 to €24,268
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 | €954,719 | €957,999 | +€3,280 | +0.3% |
| Fixed assets | 21/28 | €712,418 | €776,859 | +€64,441 | +9.0% |
| Tangible fixed assets | 22/27 | €712,418 | €776,859 | +€64,441 | +9.0% |
| Land and buildings | 22 | €709,626 | €753,262 | +€43,636 | +6.1% |
| Plant, machinery and equipment | 23 | €2,792 | €23,597 | +€20,805 | +745.2% |
| Current assets | 29/58 | €242,301 | €181,140 | -€61,161 | -25.2% |
| Amounts receivable within one year | 40/41 | €22,269 | €39,099 | +€16,830 | +75.6% |
| Other amounts receivable | 41 | €22,269 | €39,099 | +€16,830 | +75.6% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €15,428 | €139,499 | +€124,071 | +804.2% |
| Deferred charges and accrued income | 490/1 | €4,604 | €2,542 | -€2,062 | -44.8% |
| Total equity and liabilities | 10/49 | €954,719 | €957,999 | +€3,280 | +0.3% |
| Equity | 10/15 | €910,094 | €910,690 | +€596 | +0.1% |
| Contributions | 10/11 | €520,576 | €520,576 | = | 0.0% |
| Capital | 10 | €520,576 | €520,576 | = | 0.0% |
| Issued capital | 100 | €520,576 | €520,576 | = | 0.0% |
| Reserves | 13 | €389,518 | €390,114 | +€596 | +0.2% |
| Non-distributable reserves | 130/1 | €52,058 | €52,058 | = | 0.0% |
| Legal reserve | 130 | €52,058 | €52,058 | = | 0.0% |
| Tax-exempt reserves | 132 | €122,955 | €122,955 | = | 0.0% |
| Distributable reserves | 133 | €214,505 | €215,101 | +€596 | +0.3% |
| Amounts payable | 17/49 | €44,625 | €47,309 | +€2,684 | +6.0% |
| Amounts payable within one year | 42/48 | €43,772 | €46,438 | +€2,666 | +6.1% |
| Financial debts | 43 | €1,812 | €1,837 | +€25 | +1.4% |
| Credit institutions | 430/8 | €1,812 | €1,837 | +€25 | +1.4% |
| Trade debts | 44 | €38,360 | €41,676 | +€3,316 | +8.6% |
| Suppliers | 440/4 | €38,360 | €41,676 | +€3,316 | +8.6% |
| Taxes, remuneration and social security | 45 | €3,600 | €2,925 | -€675 | -18.8% |
| Taxes | 450/3 | €3,600 | €2,925 | -€675 | -18.8% |
| Accrued charges and deferred income | 492/3 | €853 | €871 | +€18 | +2.1% |
| Turnover | 70 | €161,683 | €157,416 | -€4,267 | -2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,351 | €52,492 | -€859 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,750 | €69,677 | -€73 | -0.1% |
| Other operating charges | 640/8 | €22,512 | €24,268 | +€1,756 | +7.8% |
| Gross operating margin | 9900 | €108,332 | €104,924 | -€3,408 | -3.1% |
| Operating profit (loss) | 9901 | €16,070 | €10,979 | -€5,091 | -31.7% |
| Financial income | 75/76B | €2,489 | €3,502 | +€1,013 | +40.7% |
| Recurring financial income | 75 | €2,489 | €3,502 | +€1,013 | +40.7% |
| Financial charges | 65/66B | €537 | €612 | +€75 | +14.0% |
| Recurring financial charges | 65 | €537 | €612 | +€75 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €18,022 | €13,869 | -€4,153 | -23.0% |
| Income taxes | 67/77 | €4,598 | €3,523 | -€1,075 | -23.4% |
| Profit (loss) for the period | 9904 | €13,424 | €10,346 | -€3,078 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,424 | €10,346 | -€3,078 | -22.9% |
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 10 October 2026 via checked.be.