ELICELAUR: 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.
ELICELAUR
Largest movements
- Receivables within one year -€38,728
down €38,728 (-59.0%), from €65,657 to €26,930
of which Other amounts receivable: -€27,233
- Tangible fixed assets +€34,412
up €34,412 (+265.7%), from €12,951 to €47,363
- Cash +€11,543
up €11,543 (+82.3%), from €14,034 to €25,578
mainly Receivables within one year (+€38,728) and Debts after one year (+€36,697)
- Deferred charges and accrued income -€1,186
down €1,186 (-44.4%), from €2,669 to €1,483
- Reserves -€39,142
down €39,142 (-60.2%), from €65,057 to €25,915
- Debts after one year +€36,697
up €36,697, from €0 to €36,697
- Current portion of long-term debt +€4,555
up €4,555 (+75.6%), from €6,023 to €10,578
- Other debts +€3,993
up €3,993, from €0 to €3,993
- Tax, wage and social debts -€1,888
down €1,888 (-43.4%), from €4,352 to €2,463
of which Remuneration and social security: -€2,250
- Depreciation +€8,519
up €8,519 (+96.1%), from €8,866 to €17,384
- Gross operating margin -€5,715
down €5,715 (-17.1%), from €33,419 to €27,704
- Taxes -€3,035
down €3,035 (-48.1%), from €6,308 to €3,273
- Financial charges +€1,723
up €1,723 (+499.8%), from €345 to €2,068
- Other operating charges +€1,333
up €1,333 (+147.7%), from €903 to €2,236
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 | €95,312 | €101,353 | +€6,041 | +6.3% |
| Fixed assets | 21/28 | €12,951 | €47,363 | +€34,412 | +265.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €12,951 | €47,363 | +€34,412 | +265.7% |
| Furniture and vehicles | 24 | €12,951 | €47,363 | +€34,412 | +265.7% |
| Current assets | 29/58 | €82,361 | €53,990 | -€28,371 | -34.4% |
| Amounts receivable within one year | 40/41 | €65,657 | €26,930 | -€38,728 | -59.0% |
| Trade receivables | 40 | €11,495 | €0 | -€11,495 | -100.0% |
| Other amounts receivable | 41 | €54,162 | €26,930 | -€27,233 | -50.3% |
| Cash at bank and in hand | 54/58 | €14,034 | €25,578 | +€11,543 | +82.3% |
| Deferred charges and accrued income | 490/1 | €2,669 | €1,483 | -€1,186 | -44.4% |
| Total equity and liabilities | 10/49 | €95,312 | €101,353 | +€6,041 | +6.3% |
| Equity | 10/15 | €83,657 | €44,515 | -€39,142 | -46.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,057 | €25,915 | -€39,142 | -60.2% |
| Distributable reserves | 133 | €65,057 | €25,915 | -€39,142 | -60.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,655 | €56,838 | +€45,183 | +387.7% |
| Amounts payable after more than one year | 17 | €0 | €36,697 | +€36,697 | |
| Financial debts | 170/4 | €0 | €36,697 | +€36,697 | |
| Amounts payable within one year | 42/48 | €11,655 | €20,141 | +€8,486 | +72.8% |
| Current portion of amounts payable after more than one year | 42 | €6,023 | €10,578 | +€4,555 | +75.6% |
| Trade debts | 44 | €1,280 | €3,106 | +€1,826 | +142.7% |
| Suppliers | 440/4 | €1,280 | €3,106 | +€1,826 | +142.7% |
| Taxes, remuneration and social security | 45 | €4,352 | €2,463 | -€1,888 | -43.4% |
| Taxes | 450/3 | €2,102 | €2,463 | +€362 | +17.2% |
| Remuneration and social security | 454/9 | €2,250 | €0 | -€2,250 | -100.0% |
| Other amounts payable | 47/48 | €0 | €3,993 | +€3,993 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,866 | €17,384 | +€8,519 | +96.1% |
| Other operating charges | 640/8 | €903 | €2,236 | +€1,333 | +147.7% |
| Gross operating margin | 9900 | €33,419 | €27,704 | -€5,715 | -17.1% |
| Operating profit (loss) | 9901 | €23,650 | €8,083 | -€15,567 | -65.8% |
| Financial income | 75/76B | €767 | €1,116 | +€349 | +45.5% |
| Recurring financial income | 75 | €767 | €1,116 | +€349 | +45.5% |
| Financial charges | 65/66B | €345 | €2,068 | +€1,723 | +499.8% |
| Recurring financial charges | 65 | €345 | €2,068 | +€1,723 | +499.8% |
| Profit (loss) for the period before taxes | 9903 | €24,073 | €7,131 | -€16,942 | -70.4% |
| Income taxes | 67/77 | €6,308 | €3,273 | -€3,035 | -48.1% |
| Profit (loss) for the period | 9904 | €17,765 | €3,858 | -€13,907 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,765 | €3,858 | -€13,907 | -78.3% |
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 12 October 2026 via checked.be.