ELIPALEX: 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.
ELIPALEX
Largest movements
- Tangible fixed assets -€31,886
down €31,886 (-5.4%), from €588,903 to €557,017
of which Land and buildings: -€30,389
- Debts after one year -€44,793
down €44,793 (-9.2%), from €489,417 to €444,624
- Profit (loss) carried forward +€6,989
up €6,989 (+46.5%), from €15,046 to €22,035
- Gross operating margin +€1,904
up €1,904 (+4.0%), from €47,621 to €49,525
- Purchases and services -€1,404
down €1,404 (-48.8%), from €2,879 to €1,475
- Financial charges -€657
down €657 (-6.4%), from €10,223 to €9,566
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 | €618,662 | €584,620 | -€34,042 | -5.5% |
| Fixed assets | 21/28 | €588,903 | €557,017 | -€31,886 | -5.4% |
| Tangible fixed assets | 22/27 | €588,903 | €557,017 | -€31,886 | -5.4% |
| Land and buildings | 22 | €563,743 | €533,354 | -€30,389 | -5.4% |
| Plant, machinery and equipment | 23 | €9,923 | €9,371 | -€552 | -5.6% |
| Furniture and vehicles | 24 | €15,237 | €14,292 | -€945 | -6.2% |
| Current assets | 29/58 | €29,759 | €27,603 | -€2,156 | -7.2% |
| Amounts receivable within one year | 40/41 | €25,509 | €24,509 | -€1,000 | -3.9% |
| Other amounts receivable | 41 | €25,509 | €24,509 | -€1,000 | -3.9% |
| Cash at bank and in hand | 54/58 | - | €3,094 | +€3,094 | |
| Deferred charges and accrued income | 490/1 | €4,250 | - | -€4,250 | |
| Total equity and liabilities | 10/49 | €618,662 | €584,620 | -€34,042 | -5.5% |
| Equity | 10/15 | €54,288 | €61,277 | +€6,989 | +12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €33,042 | €33,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,046 | €22,035 | +€6,989 | +46.5% |
| Amounts payable | 17/49 | €564,374 | €523,343 | -€41,031 | -7.3% |
| Amounts payable after more than one year | 17 | €489,417 | €444,624 | -€44,793 | -9.2% |
| Financial debts | 170/4 | €489,417 | €444,624 | -€44,793 | -9.2% |
| Amounts payable within one year | 42/48 | €74,957 | €74,468 | -€489 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €46,903 | €45,581 | -€1,322 | -2.8% |
| Financial debts | 43 | €1,252 | - | -€1,252 | |
| Credit institutions | 430/8 | €1,252 | - | -€1,252 | |
| Trade debts | 44 | €605 | €1,065 | +€460 | +76.0% |
| Suppliers | 440/4 | €605 | €1,065 | +€460 | +76.0% |
| Other amounts payable | 47/48 | €26,197 | €27,822 | +€1,625 | +6.2% |
| Accrued charges and deferred income | 492/3 | - | €4,251 | +€4,251 | |
| Turnover | 70 | €50,500 | €51,000 | +€500 | +1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,879 | €1,475 | -€1,404 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,975 | €31,886 | -€89 | -0.3% |
| Other operating charges | 640/8 | €672 | €625 | -€47 | -7.0% |
| Gross operating margin | 9900 | €47,621 | €49,525 | +€1,904 | +4.0% |
| Operating profit (loss) | 9901 | €14,974 | €17,014 | +€2,040 | +13.6% |
| Financial charges | 65/66B | €10,223 | €9,566 | -€657 | -6.4% |
| Recurring financial charges | 65 | €10,223 | €9,566 | -€657 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €4,751 | €7,448 | +€2,697 | +56.8% |
| Income taxes | 67/77 | - | €459 | +€459 | |
| Profit (loss) for the period | 9904 | €4,751 | €6,989 | +€2,238 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,751 | €6,989 | +€2,238 | +47.1% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.