ELICIO PLUS: 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.
ELICIO PLUS
Largest movements
- Current investments -€334,807
down €334,807 (-89.4%), from €374,417 to €39,611
- Cash +€321,406
up €321,406 (+503.3%), from €63,865 to €385,272
mainly Current investments (+€334,807) and Depreciation (+€192,537)
- Tangible fixed assets -€192,537
down €192,537 (-27.9%), from €689,925 to €497,388
- Deferred charges and accrued income +€46,247
up €46,247 (+303.2%), from €15,255 to €61,502
- Receivables within one year +€24,559
up €24,559 (+12.9%), from €189,827 to €214,386
of which Trade receivables: +€25,606
- Debts after one year -€136,581
down €136,581 (-19.3%), from €706,133 to €569,552
- Trade debts +€67,089
up €67,089 (+466.2%), from €14,390 to €81,480
- Other debts -€53,000
down €53,000 (-77.9%), from €68,000 to €15,000
- Gross operating margin -€40,284
down €40,284 (-14.8%), from €271,652 to €231,369
- Taxes -€19,549
down €19,549 (-77.4%), from €25,267 to €5,718
- Provisions +€11,226
up €11,226, from -€10,291 to €935
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 | €1,333,360 | €1,198,228 | -€135,131 | -10.1% |
| Fixed assets | 21/28 | €689,995 | €497,458 | -€192,537 | -27.9% |
| Tangible fixed assets | 22/27 | €689,925 | €497,388 | -€192,537 | -27.9% |
| Plant, machinery and equipment | 23 | €689,925 | €497,388 | -€192,537 | -27.9% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €643,365 | €700,771 | +€57,406 | +8.9% |
| Amounts receivable within one year | 40/41 | €189,827 | €214,386 | +€24,559 | +12.9% |
| Trade receivables | 40 | €188,780 | €214,386 | +€25,606 | +13.6% |
| Other amounts receivable | 41 | €1,047 | - | -€1,047 | |
| Current investments | 50/53 | €374,417 | €39,611 | -€334,807 | -89.4% |
| Cash at bank and in hand | 54/58 | €63,865 | €385,272 | +€321,406 | +503.3% |
| Deferred charges and accrued income | 490/1 | €15,255 | €61,502 | +€46,247 | +303.2% |
| Total equity and liabilities | 10/49 | €1,333,360 | €1,198,228 | -€135,131 | -10.1% |
| Equity | 10/15 | €310,498 | €300,899 | -€9,599 | -3.1% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €61,872 | €51,526 | -€10,346 | -16.7% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,072 | €26,726 | -€10,346 | -27.9% |
| Profit (loss) carried forward | 14 | €626 | €1,373 | +€746 | +119.2% |
| Provisions and deferred taxes | 16 | €61,643 | €57,251 | -€4,392 | -7.1% |
| Provisions for liabilities and charges | 160/5 | €42,553 | €43,489 | +€935 | +2.2% |
| Other liabilities and charges | 164/5 | €42,553 | €43,489 | +€935 | +2.2% |
| Deferred taxes | 168 | €19,089 | €13,762 | -€5,327 | -27.9% |
| Amounts payable | 17/49 | €961,219 | €840,078 | -€121,140 | -12.6% |
| Amounts payable after more than one year | 17 | €706,133 | €569,552 | -€136,581 | -19.3% |
| Financial debts | 170/4 | €706,133 | €569,552 | -€136,581 | -19.3% |
| Amounts payable within one year | 42/48 | €252,214 | €268,380 | +€16,166 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €134,335 | €136,581 | +€2,247 | +1.7% |
| Trade debts | 44 | €14,390 | €81,480 | +€67,089 | +466.2% |
| Suppliers | 440/4 | €14,390 | €81,480 | +€67,089 | +466.2% |
| Taxes, remuneration and social security | 45 | €35,489 | €35,319 | -€170 | -0.5% |
| Taxes | 450/3 | €35,489 | €35,319 | -€170 | -0.5% |
| Other amounts payable | 47/48 | €68,000 | €15,000 | -€53,000 | -77.9% |
| Accrued charges and deferred income | 492/3 | €2,871 | €2,147 | -€724 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,537 | €192,537 | +€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,291 | €935 | +€11,226 | |
| Other operating charges | 640/8 | €1,914 | €1,970 | +€56 | +2.9% |
| Non-recurring operating charges | 66A | - | €20,714 | +€20,714 | |
| Gross operating margin | 9900 | €271,652 | €231,369 | -€40,284 | -14.8% |
| Operating profit (loss) | 9901 | €87,492 | €15,213 | -€72,280 | -82.6% |
| Financial income | 75/76B | €6,780 | €4,863 | -€1,917 | -28.3% |
| Recurring financial income | 75 | €6,780 | €4,863 | -€1,917 | -28.3% |
| Financial charges | 65/66B | €16,550 | €14,284 | -€2,266 | -13.7% |
| Recurring financial charges | 65 | €16,550 | €14,284 | -€2,266 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €77,722 | €5,791 | -€71,931 | -92.5% |
| Transfer from deferred taxes | 780 | €5,327 | €5,327 | = | 0.0% |
| Income taxes | 67/77 | €25,267 | €5,718 | -€19,549 | -77.4% |
| Profit (loss) for the period | 9904 | €57,782 | €5,401 | -€52,381 | -90.7% |
| Transfer from tax-exempt reserves | 789 | €10,346 | €10,346 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,128 | €15,746 | -€52,381 | -76.9% |
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 8 October 2026 via checked.be.