ELIGE PROJECTS: 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.
ELIGE PROJECTS
Largest movements
- Stocks and contracts +€406,119
up €406,119 (+30.1%), from €1.3m to €1.8m
- Cash -€166,131
down €166,131 (-93.3%), from €178,053 to €11,922
- Short-term financial debts +€98,775
up €98,775 (+11.8%), from €833,619 to €932,394
- Other debts +€82,450
up €82,450 (+358%), from €23,000 to €105,450
- Trade debts +€40,674
up €40,674 (+19.6%), from €207,116 to €247,791
- Tax, wage and social debts +€27,280
new in 2025: €27,280
- Turnover +€424,023
up €424,023 (+53.2%), from €797,370 to €1.2m
- Goods and materials +€343,671
up €343,671 (+28.4%), from €1.2m to €1.6m
- Financial charges +€29,360
up €29,360 (+126%), from €23,262 to €52,622
- Services and other goods +€14,174
up €14,174 (+369%), from €3,837 to €18,011
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,566,635 | €1,816,557 | +€249,922 | +16.0% |
| Current assets | 29/58 | €1,566,635 | €1,816,557 | +€249,922 | +16.0% |
| Stocks and contracts in progress | 3 | €1,347,484 | €1,753,603 | +€406,119 | +30.1% |
| Contracts in progress | 37 | €1,347,484 | €1,753,603 | +€406,119 | +30.1% |
| Amounts receivable within one year | 40/41 | €41,098 | €51,032 | +€9,934 | +24.2% |
| Trade receivables | 40 | €28,574 | €51,032 | +€22,458 | +78.6% |
| Other amounts receivable | 41 | €12,525 | - | -€12,525 | |
| Cash at bank and in hand | 54/58 | €178,053 | €11,922 | -€166,131 | -93.3% |
| Total equity and liabilities | 10/49 | €1,566,635 | €1,816,557 | +€249,922 | +16.0% |
| Equity | 10/15 | €83 | €83 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,377 | -€20,377 | = | 0.0% |
| Amounts payable | 17/49 | €1,566,553 | €1,816,475 | +€249,922 | +16.0% |
| Amounts payable within one year | 42/48 | €1,563,735 | €1,812,915 | +€249,179 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 43 | €833,619 | €932,394 | +€98,775 | +11.8% |
| Credit institutions | 430/8 | €833,619 | €932,394 | +€98,775 | +11.8% |
| Trade debts | 44 | €207,116 | €247,791 | +€40,674 | +19.6% |
| Suppliers | 440/4 | €207,116 | €247,791 | +€40,674 | +19.6% |
| Taxes, remuneration and social security | 45 | - | €27,280 | +€27,280 | |
| Taxes | 450/3 | - | €27,280 | +€27,280 | |
| Other amounts payable | 47/48 | €23,000 | €105,450 | +€82,450 | +358% |
| Accrued charges and deferred income | 492/3 | €2,817 | €3,560 | +€743 | +26.4% |
| Operating income | 70/76A | €1,239,101 | €1,627,512 | +€388,412 | +31.3% |
| Turnover | 70 | €797,370 | €1,221,393 | +€424,023 | +53.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €441,730 | €406,119 | -€35,612 | -8.1% |
| Operating charges | 60/66A | €1,215,838 | €1,574,890 | +€359,052 | +29.5% |
| Goods for resale, raw materials and consumables | 60 | €1,211,466 | €1,555,137 | +€343,671 | +28.4% |
| Purchases | 600/8 | €1,211,466 | €1,555,137 | +€343,671 | +28.4% |
| Services and other goods | 61 | €3,837 | €18,011 | +€14,174 | +369% |
| Other operating charges | 640/8 | €535 | €1,742 | +€1,207 | +225% |
| Operating profit (loss) | 9901 | €23,262 | €52,622 | +€29,360 | +126% |
| Financial charges | 65/66B | €23,262 | €52,622 | +€29,360 | +126% |
| Recurring financial charges | 65 | €23,262 | €52,622 | +€29,360 | +126% |
| Debt charges | 650 | €23,153 | €52,541 | +€29,388 | +127% |
| Other financial charges | 652/9 | €109 | €81 | -€28 | -26.1% |
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 25 October 2026 via checked.be.