ELINGA: 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.
ELINGA
Largest movements
- Receivables after one year -€16,208
down €16,208 (-12.5%), from €129,268 to €113,060
- Tangible fixed assets +€12,787
up €12,787 (+97.5%), from €13,120 to €25,907
of which Furniture and vehicles: +€10,512
- Receivables within one year -€3,287
down €3,287 (-15.1%), from €21,747 to €18,460
of which Other amounts receivable: -€4,151
- Cash +€3,064
up €3,064 (+16.7%), from €18,361 to €21,425
mainly Net result for the year (+€81,027) and Other debts (+€43,887)
- Reserves -€67,000
down €67,000 (-86.4%), from €77,554 to €10,554
- Other debts +€43,887
up €43,887 (+42.1%), from €104,140 to €148,027
- Current portion of long-term debt +€6,870
new in 2025: €6,870
- Debts after one year +€6,547
new in 2025: €6,547
- Trade debts +€3,720
up €3,720 (+564%), from €660 to €4,380
- Gross operating margin -€16,634
down €16,634 (-12.5%), from €133,536 to €116,902
- Depreciation +€4,696
up €4,696 (+77.9%), from €6,026 to €10,723
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 | €184,256 | €181,905 | -€2,351 | -1.3% |
| Fixed assets | 21/28 | €13,160 | €25,947 | +€12,787 | +97.2% |
| Tangible fixed assets | 22/27 | €13,120 | €25,907 | +€12,787 | +97.5% |
| Plant, machinery and equipment | 23 | - | €2,275 | +€2,275 | |
| Furniture and vehicles | 24 | €13,120 | €23,632 | +€10,512 | +80.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €171,096 | €155,958 | -€15,138 | -8.8% |
| Amounts receivable after more than one year | 29 | €129,268 | €113,060 | -€16,208 | -12.5% |
| Other amounts receivable | 291 | €129,268 | €113,060 | -€16,208 | -12.5% |
| Amounts receivable within one year | 40/41 | €21,747 | €18,460 | -€3,287 | -15.1% |
| Trade receivables | 40 | €17,126 | €17,990 | +€864 | +5.0% |
| Other amounts receivable | 41 | €4,621 | €470 | -€4,151 | -89.8% |
| Cash at bank and in hand | 54/58 | €18,361 | €21,425 | +€3,064 | +16.7% |
| Deferred charges and accrued income | 490/1 | €1,720 | €3,013 | +€1,293 | +75.2% |
| Total equity and liabilities | 10/49 | €184,256 | €181,905 | -€2,351 | -1.3% |
| Equity | 10/15 | €69,889 | €2,889 | -€67,000 | -95.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €77,554 | €10,554 | -€67,000 | -86.4% |
| Distributable reserves | 133 | €77,554 | €10,554 | -€67,000 | -86.4% |
| Profit (loss) carried forward | 14 | -€10,166 | -€10,166 | = | 0.0% |
| Amounts payable | 17/49 | €114,367 | €179,016 | +€64,649 | +56.5% |
| Amounts payable after more than one year | 17 | - | €6,547 | +€6,547 | |
| Financial debts | 170/4 | - | €6,547 | +€6,547 | |
| Amounts payable within one year | 42/48 | €114,367 | €172,470 | +€58,103 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,870 | +€6,870 | |
| Trade debts | 44 | €660 | €4,380 | +€3,720 | +564% |
| Suppliers | 440/4 | €660 | €4,380 | +€3,720 | +564% |
| Taxes, remuneration and social security | 45 | €9,567 | €13,192 | +€3,625 | +37.9% |
| Taxes | 450/3 | €8,341 | €11,833 | +€3,492 | +41.9% |
| Remuneration and social security | 454/9 | €1,226 | €1,359 | +€133 | +10.8% |
| Other amounts payable | 47/48 | €104,140 | €148,027 | +€43,887 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,026 | €10,723 | +€4,696 | +77.9% |
| Other operating charges | 640/8 | €859 | €1,854 | +€995 | +116% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €133,536 | €116,902 | -€16,634 | -12.5% |
| Operating profit (loss) | 9901 | €126,651 | €104,176 | -€22,476 | -17.7% |
| Financial income | 75/76B | €6,376 | €7,620 | +€1,244 | +19.5% |
| Recurring financial income | 75 | €6,376 | €7,620 | +€1,244 | +19.5% |
| Financial charges | 65/66B | €74 | €679 | +€605 | +823% |
| Recurring financial charges | 65 | €74 | €679 | +€605 | +823% |
| Profit (loss) for the period before taxes | 9903 | €132,954 | €111,117 | -€21,837 | -16.4% |
| Income taxes | 67/77 | €30,790 | €30,090 | -€700 | -2.3% |
| Profit (loss) for the period | 9904 | €102,163 | €81,027 | -€21,137 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,163 | €81,027 | -€21,137 | -20.7% |
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.