ELIGO: 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.
ELIGO
Largest movements
- Receivables within one year -€44,271
down €44,271 (-99.8%), from €44,362 to €91
of which Trade receivables: -€28,690
- Other debts +€151,853
up €151,853 (+50.6%), from €300,101 to €451,954
- Profit (loss) carried forward -€116,546
new in 2025: -€116,546
- Debts after one year -€42,000
no longer reported in 2025 (was €42,000)
- Tax, wage and social debts -€28,464
down €28,464 (-87.4%), from €32,577 to €4,113
of which Remuneration and social security: -€20,847
- Trade debts -€15,291
down €15,291 (-46.9%), from €32,573 to €17,282
- Purchases and services +€82,844
new in 2025: €82,844
- Turnover +€63,000
new in 2025: €63,000
- Financial charges -€38,399
down €38,399 (-97.7%), from €39,306 to €907
- Gross operating margin -€37,348
down €37,348, from €23,984 to -€13,364
- Financial income -€29,283
no longer reported in 2025 (was €29,283)
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 | €614,404 | €563,956 | -€50,448 | -8.2% |
| Fixed assets | 21/28 | €568,311 | €562,498 | -€5,813 | -1.0% |
| Tangible fixed assets | 22/27 | €27,555 | €21,742 | -€5,813 | -21.1% |
| Plant, machinery and equipment | 23 | €27,555 | €21,742 | -€5,813 | -21.1% |
| Financial fixed assets | 28 | €540,756 | €540,756 | = | 0.0% |
| Current assets | 29/58 | €46,093 | €1,458 | -€44,635 | -96.8% |
| Amounts receivable within one year | 40/41 | €44,362 | €91 | -€44,271 | -99.8% |
| Trade receivables | 40 | €28,690 | - | -€28,690 | |
| Other amounts receivable | 41 | €15,672 | €91 | -€15,581 | -99.4% |
| Cash at bank and in hand | 54/58 | €803 | €97 | -€706 | -88.0% |
| Deferred charges and accrued income | 490/1 | €928 | €1,270 | +€342 | +36.9% |
| Total equity and liabilities | 10/49 | €614,404 | €563,956 | -€50,448 | -8.2% |
| Equity | 10/15 | €207,153 | €90,607 | -€116,546 | -56.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €195,153 | €195,153 | +€0 | 0.0% |
| Distributable reserves | 133 | €195,153 | €195,153 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€116,546 | -€116,546 | |
| Amounts payable | 17/49 | €407,251 | €473,349 | +€66,098 | +16.2% |
| Amounts payable after more than one year | 17 | €42,000 | - | -€42,000 | |
| Financial debts | 170/4 | €42,000 | - | -€42,000 | |
| Amounts payable within one year | 42/48 | €365,251 | €473,349 | +€108,098 | +29.6% |
| Trade debts | 44 | €32,573 | €17,282 | -€15,291 | -46.9% |
| Suppliers | 440/4 | €32,573 | €17,282 | -€15,291 | -46.9% |
| Taxes, remuneration and social security | 45 | €32,577 | €4,113 | -€28,464 | -87.4% |
| Taxes | 450/3 | €11,730 | €4,113 | -€7,617 | -64.9% |
| Remuneration and social security | 454/9 | €20,847 | - | -€20,847 | |
| Other amounts payable | 47/48 | €300,101 | €451,954 | +€151,853 | +50.6% |
| Turnover | 70 | - | €63,000 | +€63,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €82,844 | +€82,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €703 | €5,813 | +€5,110 | +727% |
| Other operating charges | 640/8 | €518 | €412 | -€106 | -20.5% |
| Non-recurring operating charges | 66A | - | €96,168 | +€96,168 | |
| Gross operating margin | 9900 | €23,984 | -€13,364 | -€37,348 | |
| Operating profit (loss) | 9901 | €22,763 | -€115,758 | -€138,521 | |
| Financial income | 75/76B | €29,283 | - | -€29,283 | |
| Recurring financial income | 75 | €29,283 | - | -€29,283 | |
| Financial charges | 65/66B | €39,306 | €907 | -€38,399 | -97.7% |
| Recurring financial charges | 65 | €39,306 | €907 | -€38,399 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €12,740 | -€116,664 | -€129,404 | |
| Income taxes | 67/77 | €4,113 | -€119 | -€4,232 | |
| Profit (loss) for the period | 9904 | €8,627 | -€116,546 | -€125,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,627 | -€116,546 | -€125,173 |
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 22 October 2026 via checked.be.