ELJ-PROJECTS: what changed
Two fiscal 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-PROJECTS
Largest movements
- Receivables within one year +€39,373
up €39,373 (+91.5%), from €43,036 to €82,409
of which Other amounts receivable: +€45,800
- Cash +€17,399
up €17,399 (+22.2%), from €78,240 to €95,639
mainly Net result for the year (+€45,537) and Trade debts (+€18,467)
- Deferred charges and accrued income +€2,900
up €2,900 (+254.6%), from €1,139 to €4,039
- Profit (loss) carried forward +€45,537
up €45,537 (+49.6%), from €91,846 to €137,383
- Trade debts +€18,467
up €18,467 (+955.4%), from €1,933 to €20,400
- Tax, wage and social debts -€4,596
down €4,596 (-15.9%), from €28,958 to €24,362
- Taxes +€5,527
up €5,527 (+46.9%), from €11,784 to €17,311
- Gross operating margin +€4,068
up €4,068 (+7.1%), from €57,466 to €61,534
- Financial income +€1,091
up €1,091 (+57.1%), from €1,912 to €3,003
- Other operating charges -€774
down €774 (-38.0%), from €2,037 to €1,263
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 | €122,837 | €182,245 | +€59,408 | +48.4% |
| Fixed assets | 21/28 | €422 | €158 | -€264 | -62.6% |
| Tangible fixed assets | 22/27 | €422 | €158 | -€264 | -62.6% |
| Furniture and vehicles | 24 | €422 | €158 | -€264 | -62.6% |
| Current assets | 29/58 | €122,415 | €182,087 | +€59,672 | +48.7% |
| Amounts receivable within one year | 40/41 | €43,036 | €82,409 | +€39,373 | +91.5% |
| Trade receivables | 40 | €10,527 | €4,100 | -€6,427 | -61.1% |
| Other amounts receivable | 41 | €32,509 | €78,309 | +€45,800 | +140.9% |
| Cash at bank and in hand | 54/58 | €78,240 | €95,639 | +€17,399 | +22.2% |
| Deferred charges and accrued income | 490/1 | €1,139 | €4,039 | +€2,900 | +254.6% |
| Total equity and liabilities | 10/49 | €122,837 | €182,245 | +€59,408 | +48.4% |
| Equity | 10/15 | €91,946 | €137,483 | +€45,537 | +49.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | - | -€100 | |
| Issued capital | 100 | €100 | - | -€100 | |
| Profit (loss) carried forward | 14 | €91,846 | €137,383 | +€45,537 | +49.6% |
| Amounts payable | 17/49 | €30,891 | €44,762 | +€13,871 | +44.9% |
| Amounts payable within one year | 42/48 | €30,891 | €44,762 | +€13,871 | +44.9% |
| Trade debts | 44 | €1,933 | €20,400 | +€18,467 | +955.4% |
| Suppliers | 440/4 | €1,933 | €20,400 | +€18,467 | +955.4% |
| Taxes, remuneration and social security | 45 | €28,958 | €24,362 | -€4,596 | -15.9% |
| Taxes | 450/3 | €28,958 | €24,362 | -€4,596 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €263 | = | 0.0% |
| Other operating charges | 640/8 | €2,037 | €1,263 | -€774 | -38.0% |
| Gross operating margin | 9900 | €57,466 | €61,534 | +€4,068 | +7.1% |
| Operating profit (loss) | 9901 | €55,166 | €60,008 | +€4,842 | +8.8% |
| Financial income | 75/76B | €1,912 | €3,003 | +€1,091 | +57.1% |
| Recurring financial income | 75 | €1,912 | €3,003 | +€1,091 | +57.1% |
| Financial charges | 65/66B | €61 | €163 | +€102 | +167.2% |
| Recurring financial charges | 65 | €61 | €163 | +€102 | +167.2% |
| Profit (loss) for the period before taxes | 9903 | €57,017 | €62,848 | +€5,831 | +10.2% |
| Income taxes | 67/77 | €11,784 | €17,311 | +€5,527 | +46.9% |
| Profit (loss) for the period | 9904 | €45,233 | €45,537 | +€304 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,233 | €45,537 | +€304 | +0.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.