ELIRON: 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.
ELIRON
Largest movements
- Cash +€59,331
up €59,331 (+22.5%), from €263,343 to €322,674
mainly Net result for the year (+€66,152) and Tax, wage and social debts (+€12,930)
- Receivables within one year -€5,576
down €5,576 (-33.4%), from €16,712 to €11,136
of which Other amounts receivable: -€3,017
- Reserves +€65,080
up €65,080 (+28.4%), from €229,086 to €294,166
- Other debts -€23,433
down €23,433 (-54.4%), from €43,073 to €19,640
- Tax, wage and social debts +€12,930
up €12,930 (+851%), from €1,520 to €14,450
- Gross operating margin +€73,040
up €73,040 (+278%), from €26,248 to €99,288
- Taxes +€23,566
up €23,566 (+296%), from €7,951 to €31,518
- Depreciation -€3,375
down €3,375 (-82.7%), from €4,079 to €704
- Financial income -€1,685
down €1,685 (-52.2%), from €3,226 to €1,541
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 | €281,866 | €336,106 | +€54,240 | +19.2% |
| Fixed assets | 21/28 | €704 | - | -€704 | |
| Tangible fixed assets | 22/27 | €704 | - | -€704 | |
| Furniture and vehicles | 24 | €704 | - | -€704 | |
| Current assets | 29/58 | €281,162 | €336,106 | +€54,944 | +19.5% |
| Amounts receivable within one year | 40/41 | €16,712 | €11,136 | -€5,576 | -33.4% |
| Trade receivables | 40 | €13,695 | €11,136 | -€2,560 | -18.7% |
| Other amounts receivable | 41 | €3,017 | - | -€3,017 | |
| Current investments | 50/53 | €500 | €1,665 | +€1,165 | +233% |
| Cash at bank and in hand | 54/58 | €263,343 | €322,674 | +€59,331 | +22.5% |
| Deferred charges and accrued income | 490/1 | €606 | €631 | +€24 | +4.0% |
| Total equity and liabilities | 10/49 | €281,866 | €336,106 | +€54,240 | +19.2% |
| Equity | 10/15 | €235,888 | €300,374 | +€64,486 | +27.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €229,086 | €294,166 | +€65,080 | +28.4% |
| Distributable reserves | 133 | €229,086 | €294,166 | +€65,080 | +28.4% |
| Profit (loss) carried forward | 14 | €602 | €8 | -€594 | -98.7% |
| Amounts payable | 17/49 | €45,978 | €35,732 | -€10,246 | -22.3% |
| Amounts payable within one year | 42/48 | €45,978 | €35,732 | -€10,246 | -22.3% |
| Trade debts | 44 | €1,385 | €1,642 | +€257 | +18.6% |
| Suppliers | 440/4 | €1,385 | €1,642 | +€257 | +18.6% |
| Taxes, remuneration and social security | 45 | €1,520 | €14,450 | +€12,930 | +851% |
| Taxes | 450/3 | €1,520 | €14,450 | +€12,930 | +851% |
| Other amounts payable | 47/48 | €43,073 | €19,640 | -€23,433 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,079 | €704 | -€3,375 | -82.7% |
| Other operating charges | 640/8 | €1,317 | €1,360 | +€43 | +3.2% |
| Non-recurring operating charges | 66A | €104 | - | -€104 | |
| Gross operating margin | 9900 | €26,248 | €99,288 | +€73,040 | +278% |
| Operating profit (loss) | 9901 | €20,748 | €97,225 | +€76,476 | +369% |
| Financial income | 75/76B | €3,226 | €1,541 | -€1,685 | -52.2% |
| Recurring financial income | 75 | €3,226 | €1,541 | -€1,685 | -52.2% |
| Financial charges | 65/66B | €937 | €1,096 | +€159 | +17.0% |
| Recurring financial charges | 65 | €937 | €1,096 | +€159 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €23,037 | €97,670 | +€74,633 | +324% |
| Income taxes | 67/77 | €7,951 | €31,518 | +€23,566 | +296% |
| Profit (loss) for the period | 9904 | €15,086 | €66,152 | +€51,066 | +338% |
| Profit (loss) for the period to be appropriated | 9905 | €15,086 | €66,152 | +€51,066 | +338% |
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 18 October 2026 via checked.be.