ELIOL: 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.
ELIOL
Largest movements
- Tangible fixed assets +€295,138
up €295,138 (+484%), from €61,034 to €356,171
of which Land and buildings: +€300,960
- Receivables within one year +€23,634
up €23,634 (+314%), from €7,521 to €31,155
of which Trade receivables: +€24,378
- Cash +€15,858
up €15,858 (+638%), from €2,486 to €18,344
mainly Debts after one year (+€315,419) and Depreciation (+€45,448)
- Debts after one year +€315,419
up €315,419 (+2,707%), from €11,652 to €327,071
of which Financial debts: +€315,419
- Trade debts +€12,978
up €12,978 (+367%), from €3,537 to €16,515
- Depreciation +€32,075
up €32,075 (+240%), from €13,373 to €45,448
- Gross operating margin +€15,790
up €15,790 (+34.7%), from €45,452 to €61,241
- Taxes -€6,693
down €6,693 (-80.4%), from €8,328 to €1,635
- Financial charges +€4,939
up €4,939 (+733%), from €674 to €5,613
- Other operating charges -€1,227
down €1,227 (-14.4%), from €8,539 to €7,312
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 | €77,907 | €410,090 | +€332,183 | +426% |
| Fixed assets | 21/28 | €61,949 | €357,086 | +€295,138 | +476% |
| Tangible fixed assets | 22/27 | €61,034 | €356,171 | +€295,138 | +484% |
| Land and buildings | 22 | €23,967 | €324,926 | +€300,960 | +1,256% |
| Plant, machinery and equipment | 23 | €18,885 | €13,891 | -€4,994 | -26.4% |
| Furniture and vehicles | 24 | €18,182 | €17,354 | -€828 | -4.6% |
| Financial fixed assets | 28 | €915 | €915 | = | 0.0% |
| Current assets | 29/58 | €15,958 | €53,003 | +€37,045 | +232% |
| Stocks and contracts in progress | 3 | €218 | €218 | = | 0.0% |
| Stocks | 30/36 | €218 | €218 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,521 | €31,155 | +€23,634 | +314% |
| Trade receivables | 40 | €2,613 | €26,992 | +€24,378 | +933% |
| Other amounts receivable | 41 | €4,907 | €4,163 | -€744 | -15.2% |
| Cash at bank and in hand | 54/58 | €2,486 | €18,344 | +€15,858 | +638% |
| Deferred charges and accrued income | 490/1 | €5,734 | €3,287 | -€2,447 | -42.7% |
| Total equity and liabilities | 10/49 | €77,907 | €410,090 | +€332,183 | +426% |
| Equity | 10/15 | €48,489 | €49,724 | +€1,235 | +2.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €17,950 | €19,185 | +€1,235 | +6.9% |
| Distributable reserves | 133 | €17,950 | €19,185 | +€1,235 | +6.9% |
| Profit (loss) carried forward | 14 | €539 | €539 | = | 0.0% |
| Amounts payable | 17/49 | €29,418 | €360,366 | +€330,948 | +1,125% |
| Amounts payable after more than one year | 17 | €11,652 | €327,071 | +€315,419 | +2,707% |
| Financial debts | 170/4 | - | €315,419 | +€315,419 | |
| Other amounts payable | 178/9 | €11,652 | €11,652 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,767 | €33,250 | +€15,483 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | €4,076 | €4,581 | +€505 | +12.4% |
| Trade debts | 44 | €3,537 | €16,515 | +€12,978 | +367% |
| Suppliers | 440/4 | €3,537 | €16,515 | +€12,978 | +367% |
| Taxes, remuneration and social security | 45 | €10,154 | €10,028 | -€126 | -1.2% |
| Taxes | 450/3 | €10,154 | €10,028 | -€126 | -1.2% |
| Other amounts payable | 47/48 | - | €2,126 | +€2,126 | |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,373 | €45,448 | +€32,075 | +240% |
| Other operating charges | 640/8 | €8,539 | €7,312 | -€1,227 | -14.4% |
| Gross operating margin | 9900 | €45,452 | €61,241 | +€15,790 | +34.7% |
| Operating profit (loss) | 9901 | €23,540 | €8,482 | -€15,058 | -64.0% |
| Financial income | 75/76B | €0 | €1 | +€0 | +134% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +134% |
| Financial charges | 65/66B | €674 | €5,613 | +€4,939 | +733% |
| Recurring financial charges | 65 | €674 | €5,613 | +€4,939 | +733% |
| Profit (loss) for the period before taxes | 9903 | €22,867 | €2,870 | -€19,997 | -87.5% |
| Income taxes | 67/77 | €8,328 | €1,635 | -€6,693 | -80.4% |
| Profit (loss) for the period | 9904 | €14,539 | €1,235 | -€13,304 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,539 | €1,235 | -€13,304 | -91.5% |
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.