ELINEL: 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.
ELINEL
Largest movements
- Cash -€14,308
no longer reported in 2025 (was €14,308)
mainly Net result for the year (-€14,400) and Debts after one year (-€13,491)
- Tangible fixed assets -€10,517
down €10,517 (-6.5%), from €162,056 to €151,538
of which Land and buildings: -€7,209
- Receivables within one year -€2,369
down €2,369 (-67.5%), from €3,512 to €1,143
of which Other amounts receivable: -€2,898
- Profit (loss) carried forward -€14,400
down €14,400, from €10,871 to -€3,529
- Debts after one year -€13,491
down €13,491 (-30.3%), from €44,588 to €31,097
- Gross operating margin -€17,323
down €17,323, from €17,226 to -€97
- Taxes -€1,122
down €1,122 (-85.2%), from €1,316 to €194
- Depreciation +€528
up €528 (+5.3%), from €9,989 to €10,517
- Financial charges -€510
down €510 (-20.2%), from €2,526 to €2,016
- Other operating charges +€335
up €335 (+26.3%), from €1,274 to €1,609
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 | €180,806 | €153,768 | -€27,038 | -15.0% |
| Fixed assets | 21/28 | €162,056 | €151,538 | -€10,517 | -6.5% |
| Tangible fixed assets | 22/27 | €162,056 | €151,538 | -€10,517 | -6.5% |
| Land and buildings | 22 | €155,452 | €148,243 | -€7,209 | -4.6% |
| Plant, machinery and equipment | 23 | €1,653 | €827 | -€827 | -50.0% |
| Furniture and vehicles | 24 | €4,951 | €2,468 | -€2,482 | -50.1% |
| Current assets | 29/58 | €18,750 | €2,229 | -€16,521 | -88.1% |
| Amounts receivable within one year | 40/41 | €3,512 | €1,143 | -€2,369 | -67.5% |
| Trade receivables | 40 | - | €529 | +€529 | |
| Other amounts receivable | 41 | €3,512 | €614 | -€2,898 | -82.5% |
| Cash at bank and in hand | 54/58 | €14,308 | - | -€14,308 | |
| Deferred charges and accrued income | 490/1 | €930 | €1,087 | +€156 | +16.8% |
| Total equity and liabilities | 10/49 | €180,806 | €153,768 | -€27,038 | -15.0% |
| Equity | 10/15 | €92,400 | €78,000 | -€14,400 | -15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,129 | €69,129 | = | 0.0% |
| Tax-exempt reserves | 132 | €214 | €214 | = | 0.0% |
| Distributable reserves | 133 | €68,916 | €68,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,871 | -€3,529 | -€14,400 | |
| Amounts payable | 17/49 | €88,406 | €75,767 | -€12,639 | -14.3% |
| Amounts payable after more than one year | 17 | €44,588 | €31,097 | -€13,491 | -30.3% |
| Financial debts | 170/4 | €44,588 | €31,097 | -€13,491 | -30.3% |
| Amounts payable within one year | 42/48 | €43,818 | €44,671 | +€852 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €12,976 | €13,491 | +€516 | +4.0% |
| Financial debts | 43 | - | €1,485 | +€1,485 | |
| Credit institutions | 430/8 | - | €1,485 | +€1,485 | |
| Trade debts | 44 | €272 | €218 | -€54 | -19.8% |
| Suppliers | 440/4 | €272 | €218 | -€54 | -19.8% |
| Taxes, remuneration and social security | 45 | €1,295 | €1,479 | +€184 | +14.2% |
| Taxes | 450/3 | €1,295 | €1,479 | +€184 | +14.2% |
| Other amounts payable | 47/48 | €29,275 | €27,997 | -€1,278 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,989 | €10,517 | +€528 | +5.3% |
| Other operating charges | 640/8 | €1,274 | €1,609 | +€335 | +26.3% |
| Gross operating margin | 9900 | €17,226 | -€97 | -€17,323 | |
| Operating profit (loss) | 9901 | €5,962 | -€12,224 | -€18,186 | |
| Financial income | 75/76B | €69 | €35 | -€34 | -49.7% |
| Recurring financial income | 75 | €69 | €35 | -€34 | -49.7% |
| Financial charges | 65/66B | €2,526 | €2,016 | -€510 | -20.2% |
| Recurring financial charges | 65 | €2,526 | €2,016 | -€510 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €3,505 | -€14,205 | -€17,711 | |
| Income taxes | 67/77 | €1,316 | €194 | -€1,122 | -85.2% |
| Profit (loss) for the period | 9904 | €2,189 | -€14,400 | -€16,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,189 | -€14,400 | -€16,589 |
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 20 October 2026 via checked.be.