ELIFBARAN: 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.
ELIFBARAN
Largest movements
- Cash +€15,078
up €15,078 (+85.0%), from €17,749 to €32,827
mainly Tax, wage and social debts (+€6,689) and Receivables within one year (+€3,748)
- Receivables within one year -€3,748
down €3,748 (-11.2%), from €33,508 to €29,760
of which Trade receivables: -€4,581
- Financial fixed assets +€2,197
up €2,197 (+145%), from €1,517 to €3,714
- Tax, wage and social debts +€6,689
up €6,689 (+63.4%), from €10,544 to €17,233
of which Remuneration and social security: +€8,164
- Trade debts +€3,248
up €3,248 (+17.9%), from €18,118 to €21,366
- Profit (loss) carried forward +€2,809
up €2,809 (+7.8%), from €35,806 to €38,615
- Gross operating margin +€37,689
up €37,689 (+63.4%), from €59,456 to €97,145
- Staff costs +€19,451
up €19,451 (+32.3%), from €60,211 to €79,662
- Other operating charges -€8,684
down €8,684 (-90.1%), from €9,638 to €954
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 | €70,830 | €83,576 | +€12,746 | +18.0% |
| Fixed assets | 21/28 | €9,584 | €11,325 | +€1,741 | +18.2% |
| Tangible fixed assets | 22/27 | €8,067 | €7,611 | -€456 | -5.7% |
| Plant, machinery and equipment | 23 | €8,067 | €7,611 | -€456 | -5.7% |
| Financial fixed assets | 28 | €1,517 | €3,714 | +€2,197 | +145% |
| Current assets | 29/58 | €61,246 | €72,251 | +€11,005 | +18.0% |
| Stocks and contracts in progress | 3 | €9,989 | €9,664 | -€325 | -3.3% |
| Stocks | 30/36 | €9,989 | €9,664 | -€325 | -3.3% |
| Amounts receivable within one year | 40/41 | €33,508 | €29,760 | -€3,748 | -11.2% |
| Trade receivables | 40 | €31,453 | €26,872 | -€4,581 | -14.6% |
| Other amounts receivable | 41 | €2,055 | €2,888 | +€833 | +40.5% |
| Cash at bank and in hand | 54/58 | €17,749 | €32,827 | +€15,078 | +85.0% |
| Total equity and liabilities | 10/49 | €70,830 | €83,576 | +€12,746 | +18.0% |
| Equity | 10/15 | €42,168 | €44,977 | +€2,809 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €162 | €162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €162 | €162 | = | 0.0% |
| Reserves not available under the articles | 1311 | €162 | €162 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,806 | €38,615 | +€2,809 | +7.8% |
| Amounts payable | 17/49 | €28,662 | €38,599 | +€9,937 | +34.7% |
| Amounts payable within one year | 42/48 | €28,662 | €38,599 | +€9,937 | +34.7% |
| Trade debts | 44 | €18,118 | €21,366 | +€3,248 | +17.9% |
| Suppliers | 440/4 | €18,118 | €21,366 | +€3,248 | +17.9% |
| Taxes, remuneration and social security | 45 | €10,544 | €17,233 | +€6,689 | +63.4% |
| Taxes | 450/3 | €5,835 | €4,360 | -€1,475 | -25.3% |
| Remuneration and social security | 454/9 | €4,709 | €12,873 | +€8,164 | +173% |
| Remuneration, social security and pensions | 62 | €60,211 | €79,662 | +€19,451 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,297 | €2,756 | +€459 | +20.0% |
| Other operating charges | 640/8 | €9,638 | €954 | -€8,684 | -90.1% |
| Gross operating margin | 9900 | €59,456 | €97,145 | +€37,689 | +63.4% |
| Operating profit (loss) | 9901 | -€12,690 | €13,773 | +€26,463 | |
| Financial income | 75/76B | €19 | €65 | +€46 | +242% |
| Recurring financial income | 75 | €19 | €65 | +€46 | +242% |
| Financial charges | 65/66B | €8,015 | €8,040 | +€25 | +0.3% |
| Recurring financial charges | 65 | €8,015 | €8,040 | +€25 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,686 | €5,798 | +€26,484 | |
| Income taxes | 67/77 | €2,040 | €2,989 | +€949 | +46.5% |
| Profit (loss) for the period | 9904 | -€22,726 | €2,809 | +€25,535 | |
| Transfer from tax-exempt reserves | 789 | €27,500 | - | -€27,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,774 | €2,809 | -€1,965 | -41.2% |
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 27 October 2026 via checked.be.