Elinoris: what changed
Two fiscal 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.
Elinoris
Largest movements
- Tangible fixed assets +€87,522
up €87,522 (+363.4%), from €24,085 to €111,607
of which Other tangible fixed assets: +€90,566
- Cash -€78,340
down €78,340 (-90.3%), from €86,761 to €8,421
mainly Contributions, distributions and other (-€857,000) and Investment in fixed assets (net) (-€93,608)
- Current investments +€47,947
up €47,947 (+10.9%), from €440,000 to €487,947
- Other debts +€487,034
new in 2025: €487,034
- Reserves -€409,472
down €409,472 (-76.4%), from €536,208 to €126,736
of which Distributable reserves: -€409,472
- Tax, wage and social debts -€21,223
down €21,223 (-29.0%), from €73,181 to €51,958
of which Taxes: -€21,223
- Trade debts -€12,763
down €12,763 (-77.6%), from €16,440 to €3,677
- Current portion of long-term debt +€11,326
new in 2025: €11,326
- Gross operating margin +€121,243
up €121,243 (+25.4%), from €478,003 to €599,246
- Taxes +€32,117
up €32,117 (+28.1%), from €114,109 to €146,226
- Financial income +€6,374
up €6,374 (+270.9%), from €2,353 to €8,726
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.
Cash bridge derived
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 | €628,481 | €686,645 | +€58,164 | +9.3% |
| Fixed assets | 21/28 | €24,085 | €111,607 | +€87,522 | +363.4% |
| Tangible fixed assets | 22/27 | €24,085 | €111,607 | +€87,522 | +363.4% |
| Plant, machinery and equipment | 23 | €11,277 | €9,866 | -€1,411 | -12.5% |
| Furniture and vehicles | 24 | €4,680 | €3,047 | -€1,633 | -34.9% |
| Other tangible fixed assets | 26 | €8,128 | €98,694 | +€90,566 | +1114.3% |
| Current assets | 29/58 | €604,396 | €575,038 | -€29,358 | -4.9% |
| Amounts receivable within one year | 40/41 | €73,751 | €76,665 | +€2,914 | +4.0% |
| Trade receivables | 40 | €66,536 | €62,597 | -€3,939 | -5.9% |
| Other amounts receivable | 41 | €7,215 | €14,069 | +€6,854 | +95.0% |
| Current investments | 50/53 | €440,000 | €487,947 | +€47,947 | +10.9% |
| Cash at bank and in hand | 54/58 | €86,761 | €8,421 | -€78,340 | -90.3% |
| Deferred charges and accrued income | 490/1 | €3,884 | €2,005 | -€1,879 | -48.4% |
| Total equity and liabilities | 10/49 | €628,481 | €686,645 | +€58,164 | +9.3% |
| Equity | 10/15 | €538,708 | €129,236 | -€409,472 | -76.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €536,208 | €126,736 | -€409,472 | -76.4% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €409,908 | €436 | -€409,472 | -99.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,774 | €557,410 | +€467,636 | +520.9% |
| Amounts payable within one year | 42/48 | €89,621 | €555,928 | +€466,307 | +520.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,326 | +€11,326 | |
| Financial debts | 43 | - | €1,933 | +€1,933 | |
| Credit institutions | 430/8 | - | €1,933 | +€1,933 | |
| Trade debts | 44 | €16,440 | €3,677 | -€12,763 | -77.6% |
| Suppliers | 440/4 | €16,440 | €3,677 | -€12,763 | -77.6% |
| Taxes, remuneration and social security | 45 | €73,181 | €51,958 | -€21,223 | -29.0% |
| Taxes | 450/3 | €73,181 | €51,958 | -€21,223 | -29.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €487,034 | +€487,034 | |
| Accrued charges and deferred income | 492/3 | €153 | €1,482 | +€1,329 | +871.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,050 | €6,086 | +€3,036 | +99.5% |
| Other operating charges | 640/8 | €1,349 | €1,079 | -€269 | -20.0% |
| Gross operating margin | 9900 | €478,003 | €599,246 | +€121,243 | +25.4% |
| Operating profit (loss) | 9901 | €473,605 | €592,081 | +€118,476 | +25.0% |
| Financial income | 75/76B | €2,353 | €8,726 | +€6,374 | +270.9% |
| Recurring financial income | 75 | €2,353 | €8,726 | +€6,374 | +270.9% |
| Financial charges | 65/66B | €3,844 | €7,053 | +€3,209 | +83.5% |
| Recurring financial charges | 65 | €3,844 | €7,053 | +€3,209 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €472,113 | €593,754 | +€121,641 | +25.8% |
| Income taxes | 67/77 | €114,109 | €146,226 | +€32,117 | +28.1% |
| Profit (loss) for the period | 9904 | €358,004 | €447,528 | +€89,524 | +25.0% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €0 | -€126,300 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €231,704 | €447,528 | +€215,824 | +93.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.