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 +€7,217
up €7,217 (+3.0%), from €242,269 to €249,486
mainly Net result for the year (+€60,340) and Other debts (+€38,973)
- Stocks and contracts -€6,321
down €6,321 (-11.0%), from €57,299 to €50,978
- Other debts +€38,973
up €38,973 (+177.5%), from €21,951 to €60,924
- Tax, wage and social debts -€30,106
down €30,106 (-55.7%), from €54,005 to €23,899
of which Taxes: -€30,375
- Trade debts -€9,106
down €9,106 (-47.6%), from €19,147 to €10,041
- Gross operating margin +€36,023
up €36,023 (+35.0%), from €102,807 to €138,829
- Taxes +€8,242
up €8,242 (+54.2%), from €15,218 to €23,461
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 | €314,218 | €314,827 | +€610 | +0.2% |
| Fixed assets | 21/28 | €12,929 | €11,727 | -€1,203 | -9.3% |
| Tangible fixed assets | 22/27 | €12,929 | €11,727 | -€1,203 | -9.3% |
| Plant, machinery and equipment | 23 | €2,522 | €1,891 | -€631 | -25.0% |
| Furniture and vehicles | 24 | €1,484 | €2,563 | +€1,079 | +72.7% |
| Other tangible fixed assets | 26 | €8,922 | €7,272 | -€1,650 | -18.5% |
| Current assets | 29/58 | €301,289 | €303,101 | +€1,812 | +0.6% |
| Stocks and contracts in progress | 3 | €57,299 | €50,978 | -€6,321 | -11.0% |
| Stocks | 30/36 | €57,299 | €50,978 | -€6,321 | -11.0% |
| Amounts receivable within one year | 40/41 | €169 | €1,034 | +€866 | +513.1% |
| Trade receivables | 40 | €169 | €1,034 | +€866 | +513.1% |
| Cash at bank and in hand | 54/58 | €242,269 | €249,486 | +€7,217 | +3.0% |
| Deferred charges and accrued income | 490/1 | €1,552 | €1,603 | +€51 | +3.3% |
| Total equity and liabilities | 10/49 | €314,218 | €314,827 | +€610 | +0.2% |
| Equity | 10/15 | €219,114 | €219,962 | +€848 | +0.4% |
| Contributions | 10/11 | €36,350 | €36,350 | = | 0.0% |
| Reserves | 13 | €179,999 | €180,507 | +€508 | +0.3% |
| Non-distributable reserves | 130/1 | €3,635 | €3,635 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,635 | €3,635 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,872 | €44,872 | = | 0.0% |
| Distributable reserves | 133 | €131,492 | €132,000 | +€508 | +0.4% |
| Profit (loss) carried forward | 14 | €2,766 | €3,105 | +€340 | +12.3% |
| Amounts payable | 17/49 | €95,103 | €94,865 | -€238 | -0.3% |
| Amounts payable within one year | 42/48 | €95,103 | €94,865 | -€238 | -0.3% |
| Trade debts | 44 | €19,147 | €10,041 | -€9,106 | -47.6% |
| Suppliers | 440/4 | €19,147 | €10,041 | -€9,106 | -47.6% |
| Taxes, remuneration and social security | 45 | €54,005 | €23,899 | -€30,106 | -55.7% |
| Taxes | 450/3 | €48,187 | €17,812 | -€30,375 | -63.0% |
| Remuneration and social security | 454/9 | €5,819 | €6,088 | +€269 | +4.6% |
| Other amounts payable | 47/48 | €21,951 | €60,924 | +€38,973 | +177.5% |
| Remuneration, social security and pensions | 62 | €48,150 | €48,834 | +€684 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,887 | €3,220 | -€667 | -17.2% |
| Other operating charges | 640/8 | €1,537 | €1,525 | -€12 | -0.8% |
| Gross operating margin | 9900 | €102,807 | €138,829 | +€36,023 | +35.0% |
| Operating profit (loss) | 9901 | €49,233 | €85,250 | +€36,018 | +73.2% |
| Financial income | 75/76B | €1 | €62 | +€61 | +9452.3% |
| Recurring financial income | 75 | €1 | €62 | +€61 | +9452.3% |
| Financial charges | 65/66B | €1,193 | €1,512 | +€319 | +26.7% |
| Recurring financial charges | 65 | €1,193 | €1,512 | +€319 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €48,040 | €83,800 | +€35,760 | +74.4% |
| Income taxes | 67/77 | €15,218 | €23,461 | +€8,242 | +54.2% |
| Profit (loss) for the period | 9904 | €32,822 | €60,340 | +€27,518 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,822 | €60,340 | +€27,518 | +83.8% |
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 10 October 2026 via checked.be.