ELICIO BERLARE: what changed
ELICIO BERLARE
Largest movements
- Current investments -€585,000
down €585,000 (-53.2%), from €1.1m to €515,000
- Receivables within one year +€140,423
up €140,423 (+68.1%), from €206,191 to €346,615
of which Trade receivables: +€140,234
- Cash -€33,347
down €33,347 (-41.4%), from €80,596 to €47,249
mainly Other debts (-€425,862) and Contributions, distributions and other (-€381,623)
- Deferred charges and accrued income -€21,727
down €21,727 (-21.1%), from €102,728 to €81,001
- Other debts -€425,862
down €425,862 (-69.2%), from €615,000 to €189,138
- Contributions -€174,986
down €174,986 (-33.2%), from €527,052 to €352,066
- Profit (loss) carried forward +€129,645
up €129,645 (+11,972%), from €1,083 to €130,728
- Tax, wage and social debts -€21,403
down €21,403 (-24.0%), from €89,338 to €67,935
- Reserves -€17,499
down €17,499 (-27.7%), from €63,278 to €45,779
of which Non-distributable reserves: -€17,499
- Gross operating margin -€394,320
down €394,320 (-48.7%), from €809,815 to €415,495
- Taxes -€97,319
down €97,319 (-47.8%), from €203,580 to €106,261
- Depreciation -€53,231
down €53,231 (-97.2%), from €54,767 to €1,536
- Financial income -€49,785
down €49,785 (-77.5%), from €64,279 to €14,494
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 | €1,491,051 | €989,864 | -€501,187 | -33.6% |
| Fixed assets | 21/28 | €1,536 | - | -€1,536 | |
| Tangible fixed assets | 22/27 | €1,536 | - | -€1,536 | |
| Plant, machinery and equipment | 23 | €1,536 | - | -€1,536 | |
| Current assets | 29/58 | €1,489,515 | €989,864 | -€499,650 | -33.5% |
| Amounts receivable within one year | 40/41 | €206,191 | €346,615 | +€140,423 | +68.1% |
| Trade receivables | 40 | €206,191 | €346,425 | +€140,234 | +68.0% |
| Other amounts receivable | 41 | - | €189 | +€189 | |
| Current investments | 50/53 | €1,100,000 | €515,000 | -€585,000 | -53.2% |
| Cash at bank and in hand | 54/58 | €80,596 | €47,249 | -€33,347 | -41.4% |
| Deferred charges and accrued income | 490/1 | €102,728 | €81,001 | -€21,727 | -21.1% |
| Total equity and liabilities | 10/49 | €1,491,051 | €989,864 | -€501,187 | -33.6% |
| Equity | 10/15 | €591,413 | €528,573 | -€62,840 | -10.6% |
| Contributions | 10/11 | €527,052 | €352,066 | -€174,986 | -33.2% |
| Capital | 10 | €527,052 | €352,066 | -€174,986 | -33.2% |
| Issued capital | 100 | €527,052 | €352,066 | -€174,986 | -33.2% |
| Reserves | 13 | €63,278 | €45,779 | -€17,499 | -27.7% |
| Non-distributable reserves | 130/1 | €52,705 | €35,207 | -€17,499 | -33.2% |
| Legal reserve | 130 | €52,705 | €35,207 | -€17,499 | -33.2% |
| Distributable reserves | 133 | €10,573 | €10,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,083 | €130,728 | +€129,645 | +11,972% |
| Provisions and deferred taxes | 16 | €171,685 | €171,876 | +€191 | +0.1% |
| Provisions for liabilities and charges | 160/5 | €171,685 | €171,876 | +€191 | +0.1% |
| Other liabilities and charges | 164/5 | €171,685 | €171,876 | +€191 | +0.1% |
| Amounts payable | 17/49 | €727,953 | €289,415 | -€438,538 | -60.2% |
| Amounts payable within one year | 42/48 | €727,434 | €289,312 | -€438,122 | -60.2% |
| Trade debts | 44 | €23,095 | €32,239 | +€9,144 | +39.6% |
| Suppliers | 440/4 | €23,095 | €32,239 | +€9,144 | +39.6% |
| Taxes, remuneration and social security | 45 | €89,338 | €67,935 | -€21,403 | -24.0% |
| Taxes | 450/3 | €89,338 | €67,935 | -€21,403 | -24.0% |
| Other amounts payable | 47/48 | €615,000 | €189,138 | -€425,862 | -69.2% |
| Accrued charges and deferred income | 492/3 | €519 | €104 | -€415 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,767 | €1,536 | -€53,231 | -97.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €191 | €191 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,824 | €2,904 | +€80 | +2.8% |
| Gross operating margin | 9900 | €809,815 | €415,495 | -€394,320 | -48.7% |
| Operating profit (loss) | 9901 | €752,033 | €410,864 | -€341,169 | -45.4% |
| Financial income | 75/76B | €64,279 | €14,494 | -€49,785 | -77.5% |
| Recurring financial income | 75 | €64,279 | €14,494 | -€49,785 | -77.5% |
| Financial charges | 65/66B | €275 | €315 | +€40 | +14.4% |
| Recurring financial charges | 65 | €275 | €315 | +€40 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €816,036 | €425,044 | -€390,993 | -47.9% |
| Income taxes | 67/77 | €203,580 | €106,261 | -€97,319 | -47.8% |
| Profit (loss) for the period | 9904 | €612,456 | €318,783 | -€293,674 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €612,456 | €318,783 | -€293,674 | -48.0% |
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 4 November 2026 via checked.be.