Eliott: 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.
Eliott
Largest movements
- Tangible fixed assets +€13,898
up €13,898 (+1.7%), from €832,679 to €846,577
- Receivables within one year -€11,838
down €11,838 (-100.0%), from €11,838 to €0
- Other debts +€62,000
up €62,000 (+15.1%), from €411,000 to €473,000
- Debts after one year -€48,798
down €48,798 (-12.3%), from €396,655 to €347,857
- Profit (loss) carried forward -€16,277
down €16,277 (-15.2%), from -€106,786 to -€123,062
- Gross operating margin +€32,203
up €32,203, from -€4,848 to €27,355
- Depreciation +€10,698
up €10,698 (+43.3%), from €24,729 to €35,427
- Financial charges -€3,026
down €3,026 (-31.8%), from €9,526 to €6,501
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 | €850,006 | €851,603 | +€1,596 | +0.2% |
| Fixed assets | 21/28 | €832,679 | €846,577 | +€13,898 | +1.7% |
| Tangible fixed assets | 22/27 | €832,679 | €846,577 | +€13,898 | +1.7% |
| Land and buildings | 22 | €832,679 | €846,577 | +€13,898 | +1.7% |
| Current assets | 29/58 | €17,327 | €5,025 | -€12,302 | -71.0% |
| Amounts receivable within one year | 40/41 | €11,838 | €0 | -€11,838 | -100.0% |
| Other amounts receivable | 41 | €11,838 | €0 | -€11,838 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,489 | €5,025 | -€464 | -8.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €850,006 | €851,603 | +€1,596 | +0.2% |
| Equity | 10/15 | -€6,786 | -€23,062 | -€16,277 | -239.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,786 | -€123,062 | -€16,277 | -15.2% |
| Amounts payable | 17/49 | €856,792 | €874,665 | +€17,873 | +2.1% |
| Amounts payable after more than one year | 17 | €396,655 | €347,857 | -€48,798 | -12.3% |
| Financial debts | 170/4 | €396,655 | €347,857 | -€48,798 | -12.3% |
| Amounts payable within one year | 42/48 | €460,137 | €522,808 | +€62,671 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €48,137 | €48,798 | +€660 | +1.4% |
| Trade debts | 44 | €1,000 | €0 | -€1,000 | -100.0% |
| Suppliers | 440/4 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €1,010 | +€1,010 | |
| Taxes | 450/3 | - | €1,010 | +€1,010 | |
| Other amounts payable | 47/48 | €411,000 | €473,000 | +€62,000 | +15.1% |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,729 | €35,427 | +€10,698 | +43.3% |
| Other operating charges | 640/8 | €1,653 | €1,705 | +€52 | +3.2% |
| Gross operating margin | 9900 | -€4,848 | €27,355 | +€32,203 | |
| Operating profit (loss) | 9901 | -€31,229 | -€9,776 | +€21,453 | +68.7% |
| Financial charges | 65/66B | €9,526 | €6,501 | -€3,026 | -31.8% |
| Recurring financial charges | 65 | €9,526 | €6,501 | -€3,026 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€40,756 | -€16,277 | +€24,479 | +60.1% |
| Profit (loss) for the period | 9904 | -€40,756 | -€16,277 | +€24,479 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,756 | -€16,277 | +€24,479 | +60.1% |
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 11 October 2026 via checked.be.