ELIMITY: 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.
ELIMITY
Largest movements
- Cash +€193,493
up €193,493 (+92.9%), from €208,334 to €401,827
mainly Accrued charges and deferred income (+€265,487) and Trade debts (+€108,631)
- Receivables within one year +€61,462
up €61,462 (+27.0%), from €227,702 to €289,163
of which Trade receivables: +€118,219
- Intangible fixed assets +€37,623
up €37,623 (+20.7%), from €181,751 to €219,374
- Deferred charges and accrued income +€15,800
up €15,800 (+210%), from €7,537 to €23,337
- Contributions -€776,177
down €776,177 (-58.6%), from €1.3m to €548,399
of which Contributions outside capital: -€776,177
- Profit (loss) carried forward +€692,916
up €692,916 (+79.3%), from -€873,970 to -€181,054
- Accrued charges and deferred income +€265,487
up €265,487 (+207%), from €128,313 to €393,800
- Trade debts +€108,631
up €108,631 (+346%), from €31,377 to €140,007
- Tax, wage and social debts +€27,143
up €27,143 (+181%), from €15,003 to €42,147
of which Taxes: +€17,835
- Gross operating margin +€241,938
up €241,938, from -€26,814 to €215,124
- Staff costs +€91,600
up €91,600 (+72.1%), from €126,985 to €218,585
- Depreciation +€20,510
up €20,510 (+36.0%), from €56,936 to €77,446
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 | €630,581 | €949,273 | +€318,692 | +50.5% |
| Fixed assets | 21/28 | €187,008 | €234,946 | +€47,938 | +25.6% |
| Intangible fixed assets | 21 | €181,751 | €219,374 | +€37,623 | +20.7% |
| Tangible fixed assets | 22/27 | €1,737 | €7,662 | +€5,925 | +341% |
| Furniture and vehicles | 24 | €1,737 | €7,662 | +€5,925 | +341% |
| Financial fixed assets | 28 | €3,520 | €7,910 | +€4,390 | +125% |
| Current assets | 29/58 | €443,572 | €714,327 | +€270,754 | +61.0% |
| Amounts receivable within one year | 40/41 | €227,702 | €289,163 | +€61,462 | +27.0% |
| Trade receivables | 40 | €169,860 | €288,079 | +€118,219 | +69.6% |
| Other amounts receivable | 41 | €57,842 | €1,084 | -€56,758 | -98.1% |
| Cash at bank and in hand | 54/58 | €208,334 | €401,827 | +€193,493 | +92.9% |
| Deferred charges and accrued income | 490/1 | €7,537 | €23,337 | +€15,800 | +210% |
| Total equity and liabilities | 10/49 | €630,581 | €949,273 | +€318,692 | +50.5% |
| Equity | 10/15 | €455,361 | €372,100 | -€83,260 | -18.3% |
| Contributions | 10/11 | €1,324,576 | €548,399 | -€776,177 | -58.6% |
| Capital | 10 | €548,399 | €548,399 | = | 0.0% |
| Issued capital | 100 | €548,399 | €548,399 | = | 0.0% |
| Contributions outside capital | 11 | €776,177 | €0 | -€776,177 | -100% |
| Share premium | 1100/10 | €776,177 | €0 | -€776,177 | -100% |
| Reserves | 13 | €4,755 | €4,755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,755 | €4,755 | = | 0.0% |
| Legal reserve | 130 | €4,755 | €4,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€873,970 | -€181,054 | +€692,916 | +79.3% |
| Amounts payable | 17/49 | €175,220 | €577,172 | +€401,952 | +229% |
| Amounts payable within one year | 42/48 | €46,907 | €183,372 | +€136,465 | +291% |
| Financial debts | 43 | €363 | €1,085 | +€722 | +199% |
| Credit institutions | 430/8 | €363 | €1,085 | +€722 | +199% |
| Trade debts | 44 | €31,377 | €140,007 | +€108,631 | +346% |
| Suppliers | 440/4 | €31,377 | €140,007 | +€108,631 | +346% |
| Taxes, remuneration and social security | 45 | €15,003 | €42,147 | +€27,143 | +181% |
| Taxes | 450/3 | €0 | €17,835 | +€17,835 | |
| Remuneration and social security | 454/9 | €15,003 | €24,312 | +€9,309 | +62.0% |
| Other amounts payable | 47/48 | €164 | €133 | -€31 | -19.1% |
| Accrued charges and deferred income | 492/3 | €128,313 | €393,800 | +€265,487 | +207% |
| Remuneration, social security and pensions | 62 | €126,985 | €218,585 | +€91,600 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,936 | €77,446 | +€20,510 | +36.0% |
| Other operating charges | 640/8 | €1,022 | €978 | -€43 | -4.2% |
| Gross operating margin | 9900 | -€26,814 | €215,124 | +€241,938 | |
| Operating profit (loss) | 9901 | -€211,757 | -€81,886 | +€129,870 | +61.3% |
| Financial income | 75/76B | €859 | €988 | +€128 | +14.9% |
| Recurring financial income | 75 | €859 | €988 | +€128 | +14.9% |
| Financial charges | 65/66B | €1,571 | €2,343 | +€772 | +49.2% |
| Recurring financial charges | 65 | €1,571 | €2,343 | +€772 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | -€212,468 | -€83,242 | +€129,226 | +60.8% |
| Income taxes | 67/77 | - | €18 | +€18 | |
| Profit (loss) for the period | 9904 | -€212,468 | -€83,260 | +€129,208 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,468 | -€83,260 | +€129,208 | +60.8% |
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 22 October 2026 via checked.be.