ELINA V: 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.
ELINA V
Largest movements
- Cash -€8,727
down €8,727 (-34.8%), from €25,077 to €16,350
mainly Contributions, distributions and other (-€30,000) and Current portion of long-term debt (-€7,011)
- Receivables within one year +€5,899
up €5,899 (+19.6%), from €30,089 to €35,988
of which Other amounts receivable: +€3,929
- Tangible fixed assets -€2,062
down €2,062 (-30.3%), from €6,802 to €4,740
- Intangible fixed assets -€1,000
down €1,000 (-23.1%), from €4,333 to €3,333
- Current portion of long-term debt -€7,011
down €7,011 (-100%), from €7,011 to €0
- Tax, wage and social debts +€4,118
up €4,118 (+63.8%), from €6,459 to €10,577
of which Taxes: +€4,065
- Profit (loss) carried forward -€2,845
down €2,845 (-6.9%), from €41,268 to €38,422
- Trade debts -€1,438
down €1,438 (-35.1%), from €4,091 to €2,654
- Accrued charges and deferred income +€1,005
new in 2025: €1,005
- Gross operating margin +€5,553
up €5,553 (+6.3%), from €87,969 to €93,522
- Other operating charges +€4,948
up €4,948 (+360%), from €1,376 to €6,323
- Taxes +€3,956
up €3,956 (+41.5%), from €9,525 to €13,481
- Staff costs +€3,092
up €3,092 (+7.9%), from €39,194 to €42,287
- Depreciation -€1,457
down €1,457 (-25.5%), from €5,716 to €4,260
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 | €78,129 | €71,957 | -€6,172 | -7.9% |
| Fixed assets | 21/28 | €18,000 | €14,938 | -€3,062 | -17.0% |
| Intangible fixed assets | 21 | €4,333 | €3,333 | -€1,000 | -23.1% |
| Tangible fixed assets | 22/27 | €6,802 | €4,740 | -€2,062 | -30.3% |
| Plant, machinery and equipment | 23 | €6,802 | €4,740 | -€2,062 | -30.3% |
| Financial fixed assets | 28 | €6,864 | €6,864 | = | 0.0% |
| Current assets | 29/58 | €60,129 | €57,019 | -€3,110 | -5.2% |
| Stocks and contracts in progress | 3 | €1,317 | €1,548 | +€231 | +17.5% |
| Stocks | 30/36 | €1,317 | €1,548 | +€231 | +17.5% |
| Amounts receivable within one year | 40/41 | €30,089 | €35,988 | +€5,899 | +19.6% |
| Trade receivables | 40 | €0 | €1,971 | +€1,971 | |
| Other amounts receivable | 41 | €30,089 | €34,018 | +€3,929 | +13.1% |
| Cash at bank and in hand | 54/58 | €25,077 | €16,350 | -€8,727 | -34.8% |
| Deferred charges and accrued income | 490/1 | €3,646 | €3,133 | -€513 | -14.1% |
| Total equity and liabilities | 10/49 | €78,129 | €71,957 | -€6,172 | -7.9% |
| Equity | 10/15 | €60,568 | €57,722 | -€2,845 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €700 | €700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €700 | €700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,268 | €38,422 | -€2,845 | -6.9% |
| Amounts payable | 17/49 | €17,562 | €14,235 | -€3,327 | -18.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,562 | €13,230 | -€4,331 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €7,011 | €0 | -€7,011 | -100% |
| Trade debts | 44 | €4,091 | €2,654 | -€1,438 | -35.1% |
| Suppliers | 440/4 | €4,091 | €2,654 | -€1,438 | -35.1% |
| Taxes, remuneration and social security | 45 | €6,459 | €10,577 | +€4,118 | +63.8% |
| Taxes | 450/3 | €4,159 | €8,224 | +€4,065 | +97.7% |
| Remuneration and social security | 454/9 | €2,300 | €2,353 | +€53 | +2.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,005 | +€1,005 | |
| Remuneration, social security and pensions | 62 | €39,194 | €42,287 | +€3,092 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,716 | €4,260 | -€1,457 | -25.5% |
| Other operating charges | 640/8 | €1,376 | €6,323 | +€4,948 | +360% |
| Gross operating margin | 9900 | €87,969 | €93,522 | +€5,553 | +6.3% |
| Operating profit (loss) | 9901 | €41,682 | €40,652 | -€1,030 | -2.5% |
| Financial income | 75/76B | €1,768 | €2,183 | +€415 | +23.5% |
| Recurring financial income | 75 | €1,768 | €2,183 | +€415 | +23.5% |
| Financial charges | 65/66B | €1,263 | €2,200 | +€937 | +74.2% |
| Recurring financial charges | 65 | €1,263 | €2,200 | +€937 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €42,187 | €40,635 | -€1,552 | -3.7% |
| Income taxes | 67/77 | €9,525 | €13,481 | +€3,956 | +41.5% |
| Profit (loss) for the period | 9904 | €32,662 | €27,155 | -€5,508 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,662 | €27,155 | -€5,508 | -16.9% |
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.