ELING: 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.
ELING
Largest movements
- Receivables within one year -€27,578
down €27,578 (-21.7%), from €127,070 to €99,492
- Tangible fixed assets -€13,143
down €13,143 (-4.2%), from €314,001 to €300,859
of which Land and buildings: -€10,311
- Tax, wage and social debts -€20,408
down €20,408 (-19.2%), from €106,362 to €85,954
- Profit (loss) carried forward +€19,317
up €19,317 (+19.1%), from -€101,272 to -€81,956
- Trade debts -€18,388
down €18,388 (-45.3%), from €40,612 to €22,224
- Debts after one year -€12,917
down €12,917 (-22.6%), from €57,048 to €44,131
- Gross operating margin +€57,675
up €57,675, from -€12,389 to €45,286
- Taxes +€23,903
up €23,903, from -€23,777 to €126
- Depreciation -€3,893
down €3,893 (-21.4%), from €18,223 to €14,330
- Other operating charges +€3,022
up €3,022 (+149%), from €2,023 to €5,044
- Financial charges +€589
up €589 (+15.1%), from €3,911 to €4,500
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
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 | €643,955 | €609,195 | -€34,759 | -5.4% |
| Fixed assets | 21/28 | €514,001 | €500,859 | -€13,143 | -2.6% |
| Tangible fixed assets | 22/27 | €314,001 | €300,859 | -€13,143 | -4.2% |
| Land and buildings | 22 | €263,627 | €253,316 | -€10,311 | -3.9% |
| Plant, machinery and equipment | 23 | €50,375 | €47,543 | -€2,832 | -5.6% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €129,953 | €108,337 | -€21,616 | -16.6% |
| Amounts receivable within one year | 40/41 | €127,070 | €99,492 | -€27,578 | -21.7% |
| Other amounts receivable | 41 | €127,070 | €99,492 | -€27,578 | -21.7% |
| Deferred charges and accrued income | 490/1 | €2,883 | €8,844 | +€5,961 | +207% |
| Total equity and liabilities | 10/49 | €643,955 | €609,195 | -€34,759 | -5.4% |
| Equity | 10/15 | €297,089 | €316,316 | +€19,227 | +6.5% |
| Contributions | 10/11 | €272,700 | €272,700 | = | 0.0% |
| Capital | 10 | €272,700 | €272,700 | = | 0.0% |
| Issued capital | 100 | €272,700 | €272,700 | = | 0.0% |
| Reserves | 13 | €125,661 | €125,571 | -€90 | -0.1% |
| Non-distributable reserves | 130/1 | €53,494 | €53,494 | = | 0.0% |
| Legal reserve | 130 | €53,494 | €53,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,167 | €72,078 | -€90 | -0.1% |
| Profit (loss) carried forward | 14 | -€101,272 | -€81,956 | +€19,317 | +19.1% |
| Provisions and deferred taxes | 16 | €24,056 | €24,026 | -€30 | -0.1% |
| Deferred taxes | 168 | €24,056 | €24,026 | -€30 | -0.1% |
| Amounts payable | 17/49 | €322,810 | €268,854 | -€53,956 | -16.7% |
| Amounts payable after more than one year | 17 | €57,048 | €44,131 | -€12,917 | -22.6% |
| Financial debts | 170/4 | €57,048 | €44,131 | -€12,917 | -22.6% |
| Amounts payable within one year | 42/48 | €265,363 | €224,723 | -€40,640 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €14,312 | €14,435 | +€123 | +0.9% |
| Financial debts | 43 | €3,207 | €744 | -€2,464 | -76.8% |
| Credit institutions | 430/8 | €3,207 | €744 | -€2,464 | -76.8% |
| Trade debts | 44 | €40,612 | €22,224 | -€18,388 | -45.3% |
| Suppliers | 440/4 | €40,612 | €22,224 | -€18,388 | -45.3% |
| Taxes, remuneration and social security | 45 | €106,362 | €85,954 | -€20,408 | -19.2% |
| Taxes | 450/3 | €106,362 | €85,954 | -€20,408 | -19.2% |
| Other amounts payable | 47/48 | €100,869 | €101,365 | +€497 | +0.5% |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,223 | €14,330 | -€3,893 | -21.4% |
| Other operating charges | 640/8 | €2,023 | €5,044 | +€3,022 | +149% |
| Non-recurring operating charges | 66A | €1,263 | €2,088 | +€824 | +65.3% |
| Gross operating margin | 9900 | -€12,389 | €45,286 | +€57,675 | |
| Operating profit (loss) | 9901 | -€33,899 | €23,823 | +€57,722 | |
| Financial charges | 65/66B | €3,911 | €4,500 | +€589 | +15.1% |
| Recurring financial charges | 65 | €3,911 | €4,500 | +€589 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,809 | €19,324 | +€57,133 | |
| Transfer from deferred taxes | 780 | €30 | €30 | = | 0.0% |
| Income taxes | 67/77 | -€23,777 | €126 | +€23,903 | |
| Profit (loss) for the period | 9904 | -€14,003 | €19,227 | +€33,230 | |
| Transfer from tax-exempt reserves | 789 | €90 | €90 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,913 | €19,317 | +€33,230 |
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 14 October 2026 via checked.be.