ELJ Project Solutions: 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.
ELJ Project Solutions
Largest movements
- Receivables within one year +€10,422
up €10,422 (+17,114%), from €61 to €10,483
of which Trade receivables: +€9,680
- Tangible fixed assets -€944
down €944 (-43.7%), from €2,159 to €1,216
- Cash -€540
down €540 (-23.7%), from €2,276 to €1,736
mainly Receivables within one year (-€10,422) and Other debts (-€2,832)
- Reserves +€6,097
up €6,097 (+725%), from €841 to €6,938
- Tax, wage and social debts +€5,568
up €5,568 (+138%), from €4,034 to €9,602
- Other debts -€2,832
down €2,832 (-100%), from €2,832 to €0
- Gross operating margin +€8,198
up €8,198 (+184%), from €4,454 to €12,652
- Taxes +€2,451
up €2,451 (+178%), from €1,380 to €3,831
- Financial charges +€315
up €315 (+24.9%), from €1,265 to €1,580
- Depreciation +€272
up €272 (+40.4%), from €672 to €944
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 | €11,000 | €19,899 | +€8,899 | +80.9% |
| Fixed assets | 21/28 | €7,159 | €6,216 | -€944 | -13.2% |
| Tangible fixed assets | 22/27 | €2,159 | €1,216 | -€944 | -43.7% |
| Furniture and vehicles | 24 | €2,159 | €1,216 | -€944 | -43.7% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €3,841 | €13,684 | +€9,843 | +256% |
| Amounts receivable within one year | 40/41 | €61 | €10,483 | +€10,422 | +17,114% |
| Trade receivables | 40 | - | €9,680 | +€9,680 | |
| Other amounts receivable | 41 | €61 | €803 | +€742 | +1,219% |
| Cash at bank and in hand | 54/58 | €2,276 | €1,736 | -€540 | -23.7% |
| Deferred charges and accrued income | 490/1 | €1,504 | €1,465 | -€39 | -2.6% |
| Total equity and liabilities | 10/49 | €11,000 | €19,899 | +€8,899 | +80.9% |
| Equity | 10/15 | €2,341 | €8,438 | +€6,097 | +260% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €841 | €6,938 | +€6,097 | +725% |
| Distributable reserves | 133 | €841 | €6,938 | +€6,097 | +725% |
| Amounts payable | 17/49 | €8,659 | €11,461 | +€2,802 | +32.4% |
| Amounts payable within one year | 42/48 | €8,659 | €11,461 | +€2,802 | +32.4% |
| Trade debts | 44 | €1,793 | €1,859 | +€67 | +3.7% |
| Suppliers | 440/4 | €1,793 | €1,859 | +€67 | +3.7% |
| Taxes, remuneration and social security | 45 | €4,034 | €9,602 | +€5,568 | +138% |
| Taxes | 450/3 | €4,034 | €9,602 | +€5,568 | +138% |
| Other amounts payable | 47/48 | €2,832 | €0 | -€2,832 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672 | €944 | +€272 | +40.4% |
| Other operating charges | 640/8 | €295 | €229 | -€66 | -22.3% |
| Gross operating margin | 9900 | €4,454 | €12,652 | +€8,198 | +184% |
| Operating profit (loss) | 9901 | €3,486 | €11,479 | +€7,993 | +229% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €1,265 | €1,580 | +€315 | +24.9% |
| Recurring financial charges | 65 | €1,265 | €1,580 | +€315 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €2,221 | €9,928 | +€7,707 | +347% |
| Income taxes | 67/77 | €1,380 | €3,831 | +€2,451 | +178% |
| Profit (loss) for the period | 9904 | €841 | €6,097 | +€5,255 | +625% |
| Profit (loss) for the period to be appropriated | 9905 | €841 | €6,097 | +€5,255 | +625% |
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.