Elicio SLH: 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.
Elicio SLH
Largest movements
- Tangible fixed assets -€803,357
down €803,357 (-39.5%), from €2.0m to €1.2m
of which Leasing and similar rights: -€736,877
- Cash +€164,976
up €164,976 (+76.1%), from €216,807 to €381,782
mainly Depreciation (+€803,357) and Tax, wage and social debts (+€36,856)
- Receivables within one year +€153,002
up €153,002 (+62.2%), from €245,866 to €398,868
of which Trade receivables: +€153,566
- Current investments +€140,000
new in 2025: €140,000
- Debts after one year -€153,532
down €153,532 (-8.6%), from €1.8m to €1.6m
- Current portion of long-term debt -€150,873
down €150,873 (-28.7%), from €525,888 to €375,015
- Profit (loss) carried forward -€95,040
down €95,040 (-75.1%), from -€126,526 to -€221,566
- Tax, wage and social debts +€36,856
up €36,856 (+325%), from €11,339 to €48,195
- Gross operating margin +€156,048
up €156,048 (+25.4%), from €615,181 to €771,229
- Financial charges -€10,227
down €10,227 (-15.7%), from €65,294 to €55,067
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.
Derived cash bridge
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 | €2,527,265 | €2,180,366 | -€346,899 | -13.7% |
| Fixed assets | 21/28 | €2,032,731 | €1,229,374 | -€803,357 | -39.5% |
| Tangible fixed assets | 22/27 | €2,032,731 | €1,229,374 | -€803,357 | -39.5% |
| Plant, machinery and equipment | 23 | €173,955 | €107,475 | -€66,479 | -38.2% |
| Leasing and similar rights | 25 | €1,858,776 | €1,121,899 | -€736,877 | -39.6% |
| Current assets | 29/58 | €494,534 | €950,992 | +€456,457 | +92.3% |
| Amounts receivable within one year | 40/41 | €245,866 | €398,868 | +€153,002 | +62.2% |
| Trade receivables | 40 | €244,122 | €397,688 | +€153,566 | +62.9% |
| Other amounts receivable | 41 | €1,744 | €1,179 | -€565 | -32.4% |
| Current investments | 50/53 | - | €140,000 | +€140,000 | |
| Cash at bank and in hand | 54/58 | €216,807 | €381,782 | +€164,976 | +76.1% |
| Deferred charges and accrued income | 490/1 | €31,862 | €30,342 | -€1,520 | -4.8% |
| Total equity and liabilities | 10/49 | €2,527,265 | €2,180,366 | -€346,899 | -13.7% |
| Equity | 10/15 | €37,192 | -€63,425 | -€100,617 | |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,526 | -€221,566 | -€95,040 | -75.1% |
| Investment grants | 15 | €31,718 | €26,142 | -€5,577 | -17.6% |
| Provisions and deferred taxes | 16 | €119,501 | €129,922 | +€10,421 | +8.7% |
| Provisions for liabilities and charges | 160/5 | €119,501 | €129,922 | +€10,421 | +8.7% |
| Other liabilities and charges | 164/5 | €119,501 | €129,922 | +€10,421 | +8.7% |
| Amounts payable | 17/49 | €2,370,573 | €2,113,869 | -€256,703 | -10.8% |
| Amounts payable after more than one year | 17 | €1,792,562 | €1,639,030 | -€153,532 | -8.6% |
| Financial debts | 170/4 | €1,792,562 | €1,639,030 | -€153,532 | -8.6% |
| Amounts payable within one year | 42/48 | €573,244 | €471,516 | -€101,728 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €525,888 | €375,015 | -€150,873 | -28.7% |
| Trade debts | 44 | €36,017 | €48,307 | +€12,289 | +34.1% |
| Suppliers | 440/4 | €36,017 | €48,307 | +€12,289 | +34.1% |
| Taxes, remuneration and social security | 45 | €11,339 | €48,195 | +€36,856 | +325% |
| Taxes | 450/3 | €11,339 | €48,195 | +€36,856 | +325% |
| Accrued charges and deferred income | 492/3 | €4,766 | €3,322 | -€1,444 | -30.3% |
| Non-recurring operating income | 76A | - | €65,296 | +€65,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €803,357 | €803,357 | +€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,421 | €10,421 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,107 | €3,754 | +€647 | +20.8% |
| Gross operating margin | 9900 | €615,181 | €771,229 | +€156,048 | +25.4% |
| Operating profit (loss) | 9901 | -€201,704 | -€46,303 | +€155,401 | +77.0% |
| Financial income | 75/76B | €11,389 | €7,459 | -€3,930 | -34.5% |
| Recurring financial income | 75 | €11,389 | €7,459 | -€3,930 | -34.5% |
| Financial charges | 65/66B | €65,294 | €55,067 | -€10,227 | -15.7% |
| Recurring financial charges | 65 | €65,294 | €55,067 | -€10,227 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€255,609 | -€93,911 | +€161,698 | +63.3% |
| Income taxes | 67/77 | - | €1,129 | +€1,129 | |
| Profit (loss) for the period | 9904 | -€255,609 | -€95,040 | +€160,569 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€255,609 | -€95,040 | +€160,569 | +62.8% |
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 15 October 2026 via checked.be.