ELIOT: 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.
ELIOT
Largest movements
- Cash -€567,112
down €567,112 (-76.6%), from €740,231 to €173,119
mainly Investment in fixed assets (net) (-€957,502) and Net result for the year (-€257,314)
- Tangible fixed assets +€515,484
up €515,484 (+8.0%), from €6.4m to €7.0m
of which Land and buildings: +€529,724
- Reserves -€242,500
down €242,500 (-5.7%), from €4.3m to €4.0m
of which Distributable reserves: -€242,500
- Debts after one year +€200,399
up €200,399 (+6.4%), from €3.1m to €3.3m
of which Financial debts: +€200,399
- Depreciation +€42,531
up €42,531 (+10.6%), from €399,487 to €442,018
- Other operating charges +€24,434
up €24,434 (+83.2%), from €29,352 to €53,786
- Financial income +€8,000
up €8,000 (+7.0%), from €115,000 to €123,000
- Financial charges -€5,007
down €5,007 (-9.5%), from €52,475 to €47,468
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 | €7,951,517 | €7,894,205 | -€57,312 | -0.7% |
| Fixed assets | 21/28 | €7,179,319 | €7,694,803 | +€515,484 | +7.2% |
| Tangible fixed assets | 22/27 | €6,449,712 | €6,965,196 | +€515,484 | +8.0% |
| Land and buildings | 22 | €6,406,734 | €6,936,458 | +€529,724 | +8.3% |
| Furniture and vehicles | 24 | €42,978 | €28,738 | -€14,240 | -33.1% |
| Financial fixed assets | 28 | €729,607 | €729,607 | = | 0.0% |
| Current assets | 29/58 | €772,198 | €199,403 | -€572,796 | -74.2% |
| Amounts receivable within one year | 40/41 | €21,741 | €17,775 | -€3,966 | -18.2% |
| Trade receivables | 40 | €729 | €1,263 | +€534 | +73.2% |
| Other amounts receivable | 41 | €21,011 | €16,511 | -€4,500 | -21.4% |
| Cash at bank and in hand | 54/58 | €740,231 | €173,119 | -€567,112 | -76.6% |
| Deferred charges and accrued income | 490/1 | €10,227 | €8,509 | -€1,718 | -16.8% |
| Total equity and liabilities | 10/49 | €7,951,517 | €7,894,205 | -€57,312 | -0.7% |
| Equity | 10/15 | €4,356,958 | €4,099,643 | -€257,314 | -5.9% |
| Contributions | 10/11 | €106,000 | €106,000 | = | 0.0% |
| Capital | 10 | €106,000 | €106,000 | = | 0.0% |
| Issued capital | 100 | €106,000 | €106,000 | = | 0.0% |
| Reserves | 13 | €4,250,600 | €4,008,100 | -€242,500 | -5.7% |
| Non-distributable reserves | 130/1 | €10,600 | €10,600 | = | 0.0% |
| Legal reserve | 130 | €10,600 | €10,600 | = | 0.0% |
| Distributable reserves | 133 | €4,240,000 | €3,997,500 | -€242,500 | -5.7% |
| Profit (loss) carried forward | 14 | €358 | -€14,457 | -€14,814 | |
| Amounts payable | 17/49 | €3,594,559 | €3,794,562 | +€200,002 | +5.6% |
| Amounts payable after more than one year | 17 | €3,144,509 | €3,344,908 | +€200,399 | +6.4% |
| Financial debts | 170/4 | €3,143,489 | €3,343,888 | +€200,399 | +6.4% |
| Other amounts payable | 178/9 | €1,020 | €1,020 | = | 0.0% |
| Amounts payable within one year | 42/48 | €443,317 | €439,270 | -€4,047 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €443,149 | €425,784 | -€17,366 | -3.9% |
| Trade debts | 44 | - | €8,027 | +€8,027 | |
| Suppliers | 440/4 | - | €8,027 | +€8,027 | |
| Taxes, remuneration and social security | 45 | €168 | €459 | +€291 | +173% |
| Taxes | 450/3 | €168 | €459 | +€291 | +173% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €6,733 | €10,384 | +€3,651 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399,487 | €442,018 | +€42,531 | +10.6% |
| Other operating charges | 640/8 | €29,352 | €53,786 | +€24,434 | +83.2% |
| Gross operating margin | 9900 | €164,199 | €163,249 | -€950 | -0.6% |
| Operating profit (loss) | 9901 | -€264,640 | -€332,555 | -€67,915 | -25.7% |
| Financial income | 75/76B | €115,000 | €123,000 | +€8,000 | +7.0% |
| Recurring financial income | 75 | €115,000 | €123,000 | +€8,000 | +7.0% |
| Financial charges | 65/66B | €52,475 | €47,468 | -€5,007 | -9.5% |
| Recurring financial charges | 65 | €52,475 | €47,468 | -€5,007 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€202,115 | -€257,023 | -€54,908 | -27.2% |
| Income taxes | 67/77 | €424 | €291 | -€133 | -31.4% |
| Profit (loss) for the period | 9904 | -€202,540 | -€257,314 | -€54,775 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€202,540 | -€257,314 | -€54,775 | -27.0% |
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 31 October 2026 via checked.be.