ELICON: 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.
ELICON
Largest movements
- Cash +€27,261
up €27,261 (+10.3%), from €265,186 to €292,447
mainly Net result for the year (+€52,035) and Other debts (+€42,988)
- Tangible fixed assets +€13,075
up €13,075 (+16.1%), from €81,316 to €94,391
of which Furniture and vehicles: +€13,529
- Receivables within one year -€7,422
down €7,422 (-14.9%), from €49,654 to €42,232
of which Trade receivables: -€11,522
- Other debts +€42,988
up €42,988 (+335.2%), from €12,825 to €55,813
- Reserves -€6,715
down €6,715 (-2.1%), from €318,529 to €311,814
- Tax, wage and social debts +€4,725
up €4,725 (+93.2%), from €5,069 to €9,794
of which Taxes: +€7,710
- Gross operating margin +€29,935
up €29,935 (+21.6%), from €138,298 to €168,233
- Staff costs -€20,358
down €20,358 (-91.5%), from €22,250 to €1,892
- Depreciation -€7,691
down €7,691 (-29.5%), from €26,052 to €18,361
- Taxes -€5,450
down €5,450 (-17.6%), from €30,944 to €25,494
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 | €398,391 | €431,451 | +€33,060 | +8.3% |
| Fixed assets | 21/28 | €83,551 | €96,491 | +€12,940 | +15.5% |
| Tangible fixed assets | 22/27 | €81,316 | €94,391 | +€13,075 | +16.1% |
| Plant, machinery and equipment | 23 | €1,739 | €1,285 | -€454 | -26.1% |
| Furniture and vehicles | 24 | €79,577 | €93,106 | +€13,529 | +17.0% |
| Financial fixed assets | 28 | €2,235 | €2,100 | -€135 | -6.0% |
| Current assets | 29/58 | €314,840 | €334,960 | +€20,121 | +6.4% |
| Amounts receivable within one year | 40/41 | €49,654 | €42,232 | -€7,422 | -14.9% |
| Trade receivables | 40 | €47,315 | €35,794 | -€11,522 | -24.4% |
| Other amounts receivable | 41 | €2,339 | €6,439 | +€4,100 | +175.3% |
| Cash at bank and in hand | 54/58 | €265,186 | €292,447 | +€27,261 | +10.3% |
| Deferred charges and accrued income | 490/1 | - | €281 | +€281 | |
| Total equity and liabilities | 10/49 | €398,391 | €431,451 | +€33,060 | +8.3% |
| Equity | 10/15 | €337,129 | €330,414 | -€6,715 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,529 | €311,814 | -€6,715 | -2.1% |
| Distributable reserves | 133 | €318,529 | €311,814 | -€6,715 | -2.1% |
| Amounts payable | 17/49 | €61,261 | €101,037 | +€39,775 | +64.9% |
| Amounts payable after more than one year | 17 | €22,475 | €18,679 | -€3,797 | -16.9% |
| Financial debts | 170/4 | €5,967 | - | -€5,967 | |
| Other amounts payable | 178/9 | €16,509 | €18,679 | +€2,170 | +13.1% |
| Amounts payable within one year | 42/48 | €38,786 | €82,358 | +€43,572 | +112.3% |
| Current portion of amounts payable after more than one year | 42 | €10,208 | €5,967 | -€4,241 | -41.5% |
| Trade debts | 44 | €10,684 | €10,785 | +€101 | +0.9% |
| Suppliers | 440/4 | €10,684 | €10,785 | +€101 | +0.9% |
| Taxes, remuneration and social security | 45 | €5,069 | €9,794 | +€4,725 | +93.2% |
| Taxes | 450/3 | €2,084 | €9,794 | +€7,710 | +370.0% |
| Remuneration and social security | 454/9 | €2,985 | - | -€2,985 | |
| Other amounts payable | 47/48 | €12,825 | €55,813 | +€42,988 | +335.2% |
| Non-recurring operating income | 76A | €21,870 | €10,483 | -€11,388 | -52.1% |
| Remuneration, social security and pensions | 62 | €22,250 | €1,892 | -€20,358 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,052 | €18,361 | -€7,691 | -29.5% |
| Other operating charges | 640/8 | €2,144 | €1,075 | -€1,069 | -49.9% |
| Non-recurring operating charges | 66A | €174 | €67,635 | +€67,461 | +38726.3% |
| Gross operating margin | 9900 | €138,298 | €168,233 | +€29,935 | +21.6% |
| Operating profit (loss) | 9901 | €87,678 | €79,270 | -€8,408 | -9.6% |
| Financial charges | 65/66B | €418 | €1,741 | +€1,322 | +316.1% |
| Recurring financial charges | 65 | €418 | €1,741 | +€1,322 | +316.1% |
| Profit (loss) for the period before taxes | 9903 | €87,260 | €77,529 | -€9,730 | -11.2% |
| Income taxes | 67/77 | €30,944 | €25,494 | -€5,450 | -17.6% |
| Profit (loss) for the period | 9904 | €56,315 | €52,035 | -€4,280 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,315 | €52,035 | -€4,280 | -7.6% |
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 4 October 2026 via checked.be.