ELINO: 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.
ELINO
Largest movements
- Tangible fixed assets -€56,423
down €56,423 (-7.7%), from €735,372 to €678,949
of which Assets under construction and advance payments: -€55,825
- Cash +€44,981
up €44,981 (+48.9%), from €91,976 to €136,957
mainly Depreciation (+€55,350) and Tax, wage and social debts (+€7,374)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€9,685
up €9,685 (+21.2%), from €45,665 to €55,350
- Gross operating margin -€3,998
down €3,998 (-6.9%), from €57,982 to €53,984
- Other operating charges +€3,763
up €3,763 (+251%), from €1,496 to €5,260
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 | €836,610 | €825,371 | -€11,239 | -1.3% |
| Fixed assets | 21/28 | €735,372 | €678,949 | -€56,423 | -7.7% |
| Tangible fixed assets | 22/27 | €735,372 | €678,949 | -€56,423 | -7.7% |
| Land and buildings | 22 | €677,964 | €676,996 | -€967 | -0.1% |
| Furniture and vehicles | 24 | €1,583 | €1,953 | +€370 | +23.4% |
| Assets under construction and advance payments | 27 | €55,825 | - | -€55,825 | |
| Current assets | 29/58 | €101,238 | €146,422 | +€45,184 | +44.6% |
| Amounts receivable within one year | 40/41 | €9,090 | €9,090 | = | 0.0% |
| Other amounts receivable | 41 | €9,090 | €9,090 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,976 | €136,957 | +€44,981 | +48.9% |
| Deferred charges and accrued income | 490/1 | €172 | €375 | +€203 | +118% |
| Total equity and liabilities | 10/49 | €836,610 | €825,371 | -€11,239 | -1.3% |
| Equity | 10/15 | €386,584 | €379,661 | -€6,923 | -1.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €318,934 | €312,011 | -€6,923 | -2.2% |
| Amounts payable | 17/49 | €450,026 | €445,710 | -€4,316 | -1.0% |
| Amounts payable within one year | 42/48 | €450,026 | €445,710 | -€4,316 | -1.0% |
| Trade debts | 44 | €67,590 | €61,322 | -€6,268 | -9.3% |
| Suppliers | 440/4 | €67,590 | €61,322 | -€6,268 | -9.3% |
| Taxes, remuneration and social security | 45 | €30,954 | €38,328 | +€7,374 | +23.8% |
| Taxes | 450/3 | €1,750 | €3,500 | +€1,750 | +100% |
| Remuneration and social security | 454/9 | €29,204 | €34,828 | +€5,624 | +19.3% |
| Other amounts payable | 47/48 | €351,482 | €346,060 | -€5,422 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,665 | €55,350 | +€9,685 | +21.2% |
| Other operating charges | 640/8 | €1,496 | €5,260 | +€3,763 | +251% |
| Gross operating margin | 9900 | €57,982 | €53,984 | -€3,998 | -6.9% |
| Operating profit (loss) | 9901 | €10,820 | -€6,626 | -€17,446 | |
| Financial charges | 65/66B | €246 | €297 | +€51 | +20.9% |
| Recurring financial charges | 65 | €246 | €297 | +€51 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €10,574 | -€6,923 | -€17,497 | |
| Profit (loss) for the period | 9904 | €10,574 | -€6,923 | -€17,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,574 | -€6,923 | -€17,497 |
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 15 October 2026 via checked.be.