ELICAR: 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.
ELICAR
Largest movements
- Current investments -€12,500
down €12,500 (-32.5%), from €38,500 to €26,000
- Receivables within one year +€3,219
up €3,219 (+2.0%), from €158,807 to €162,026
- Tangible fixed assets -€3,192
no longer reported in 2025 (was €3,192)
- Profit (loss) carried forward -€11,969
down €11,969 (-9.7%), from €123,860 to €111,891
- Depreciation +€3,192
new in 2025: €3,192
- Gross operating margin -€2,805
down €2,805 (-50.8%), from -€5,519 to -€8,324
- Other operating charges +€337
up €337 (+285.9%), from €118 to €455
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 | €200,920 | €188,822 | -€12,099 | -6.0% |
| Fixed assets | 21/28 | €3,192 | - | -€3,192 | |
| Tangible fixed assets | 22/27 | €3,192 | - | -€3,192 | |
| Furniture and vehicles | 24 | €3,192 | - | -€3,192 | |
| Current assets | 29/58 | €197,728 | €188,822 | -€8,906 | -4.5% |
| Amounts receivable within one year | 40/41 | €158,807 | €162,026 | +€3,219 | +2.0% |
| Other amounts receivable | 41 | €158,807 | €162,026 | +€3,219 | +2.0% |
| Current investments | 50/53 | €38,500 | €26,000 | -€12,500 | -32.5% |
| Cash at bank and in hand | 54/58 | €421 | €796 | +€375 | +89.0% |
| Total equity and liabilities | 10/49 | €200,920 | €188,822 | -€12,099 | -6.0% |
| Equity | 10/15 | €200,791 | €188,822 | -€11,969 | -6.0% |
| Contributions | 10/11 | €15,816 | €15,816 | = | 0.0% |
| Capital | 10 | €15,816 | €15,816 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €2,776 | €2,776 | = | 0.0% |
| Reserves | 13 | €61,115 | €61,115 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,115 | €61,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,860 | €111,891 | -€11,969 | -9.7% |
| Amounts payable | 17/49 | €130 | - | -€130 | |
| Amounts payable within one year | 42/48 | €130 | - | -€130 | |
| Trade debts | 44 | €130 | - | -€130 | |
| Suppliers | 440/4 | €130 | - | -€130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,192 | +€3,192 | |
| Other operating charges | 640/8 | €118 | €455 | +€337 | +285.9% |
| Gross operating margin | 9900 | -€5,519 | -€8,324 | -€2,805 | -50.8% |
| Operating profit (loss) | 9901 | -€5,637 | -€11,972 | -€6,335 | -112.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €24 | - | -€24 | |
| Recurring financial charges | 65 | €24 | - | -€24 | |
| Profit (loss) for the period before taxes | 9903 | -€5,661 | -€11,969 | -€6,308 | -111.4% |
| Profit (loss) for the period | 9904 | -€5,661 | -€11,969 | -€6,308 | -111.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,661 | -€11,969 | -€6,308 | -111.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.