ELINOA: 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.
ELINOA
Largest movements
- Cash +€35,425
up €35,425 (+432%), from €8,208 to €43,633
mainly Tax, wage and social debts (+€32,310) and Debts after one year (+€20,953)
- Tangible fixed assets +€23,812
new in 2025: €23,812
of which Furniture and vehicles: +€21,277
- Receivables within one year +€13,351
up €13,351 (+320%), from €4,174 to €17,524
of which Trade receivables: +€13,167
- Stocks and contracts -€1,900
down €1,900 (-53.5%), from €3,550 to €1,650
- Deferred charges and accrued income +€1,248
new in 2025: €1,248
- Tax, wage and social debts +€32,310
up €32,310 (+310%), from €10,434 to €42,744
of which Taxes: +€32,846
- Debts after one year +€20,953
new in 2025: €20,953
- Accrued charges and deferred income +€12,522
new in 2025: €12,522
- Trade debts -€8,643
down €8,643 (-70.8%), from €12,213 to €3,571
- Profit (loss) carried forward +€7,744
up €7,744 (+88.9%), from -€8,716 to -€971
- Gross operating margin +€46,082
up €46,082, from -€6,518 to €39,564
- Depreciation +€20,184
new in 2025: €20,184
- Staff costs +€3,816
new in 2025: €3,816
- Financial charges +€2,760
up €2,760 (+18,761%), from €15 to €2,774
- Taxes +€1,814
new in 2025: €1,814
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 | €15,931 | €87,867 | +€71,936 | +452% |
| Fixed assets | 21/28 | - | €23,812 | +€23,812 | |
| Tangible fixed assets | 22/27 | - | €23,812 | +€23,812 | |
| Plant, machinery and equipment | 23 | - | €2,535 | +€2,535 | |
| Furniture and vehicles | 24 | - | €21,277 | +€21,277 | |
| Current assets | 29/58 | €15,931 | €64,056 | +€48,124 | +302% |
| Stocks and contracts in progress | 3 | €3,550 | €1,650 | -€1,900 | -53.5% |
| Stocks | 30/36 | €3,550 | €1,650 | -€1,900 | -53.5% |
| Amounts receivable within one year | 40/41 | €4,174 | €17,524 | +€13,351 | +320% |
| Trade receivables | 40 | €3,547 | €16,714 | +€13,167 | +371% |
| Other amounts receivable | 41 | €627 | €811 | +€184 | +29.4% |
| Cash at bank and in hand | 54/58 | €8,208 | €43,633 | +€35,425 | +432% |
| Deferred charges and accrued income | 490/1 | - | €1,248 | +€1,248 | |
| Total equity and liabilities | 10/49 | €15,931 | €87,867 | +€71,936 | +452% |
| Equity | 10/15 | -€6,716 | €1,029 | +€7,744 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,716 | -€971 | +€7,744 | +88.9% |
| Amounts payable | 17/49 | €22,647 | €86,839 | +€64,191 | +283% |
| Amounts payable after more than one year | 17 | - | €20,953 | +€20,953 | |
| Financial debts | 170/4 | - | €20,953 | +€20,953 | |
| Amounts payable within one year | 42/48 | €22,647 | €53,363 | +€30,716 | +136% |
| Current portion of amounts payable after more than one year | 42 | - | €3,273 | +€3,273 | |
| Trade debts | 44 | €12,213 | €3,571 | -€8,643 | -70.8% |
| Suppliers | 440/4 | €12,213 | €3,571 | -€8,643 | -70.8% |
| Advances received on contracts in progress | 46 | - | €1,600 | +€1,600 | |
| Taxes, remuneration and social security | 45 | €10,434 | €42,744 | +€32,310 | +310% |
| Taxes | 450/3 | €9,734 | €42,580 | +€32,846 | +337% |
| Remuneration and social security | 454/9 | €700 | €164 | -€536 | -76.6% |
| Other amounts payable | 47/48 | - | €2,176 | +€2,176 | |
| Accrued charges and deferred income | 492/3 | - | €12,522 | +€12,522 | |
| Remuneration, social security and pensions | 62 | - | €3,816 | +€3,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €20,184 | +€20,184 | |
| Other operating charges | 640/8 | €2,187 | €3,368 | +€1,181 | +54.0% |
| Non-recurring operating charges | 66A | - | €52 | +€52 | |
| Gross operating margin | 9900 | -€6,518 | €39,564 | +€46,082 | |
| Operating profit (loss) | 9901 | -€8,705 | €12,144 | +€20,850 | |
| Financial income | 75/76B | €4 | €189 | +€185 | +4,713% |
| Recurring financial income | 75 | €4 | €189 | +€185 | +4,713% |
| Non-recurring financial income | 76B | €4 | €189 | +€185 | +4,713% |
| Financial charges | 65/66B | €15 | €2,774 | +€2,760 | +18,761% |
| Recurring financial charges | 65 | €15 | €2,774 | +€2,760 | +18,761% |
| Profit (loss) for the period before taxes | 9903 | -€8,716 | €9,559 | +€18,275 | |
| Income taxes | 67/77 | - | €1,814 | +€1,814 | |
| Profit (loss) for the period | 9904 | -€8,716 | €7,744 | +€16,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,716 | €7,744 | +€16,460 |
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 19 October 2026 via checked.be.