ELJEE: 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.
ELJEE
Largest movements
- Cash -€338,694
down €338,694 (-70.6%), from €479,801 to €141,107
mainly Other debts (-€325,206) and Contributions, distributions and other (-€40,003)
- Receivables within one year +€35,478
up €35,478 (+789.8%), from €4,492 to €39,970
- Tangible fixed assets -€32,130
down €32,130 (-6.4%), from €498,401 to €466,271
of which Land and buildings: -€24,582
- Other debts -€325,206
down €325,206 (-61.5%), from €528,796 to €203,590
- Reserves -€15,695
down €15,695 (-3.9%), from €397,466 to €381,771
of which Distributable reserves: -€15,695
- Gross operating margin -€20,199
down €20,199 (-17.2%), from €117,224 to €97,025
- Financial income -€7,722
down €7,722 (-80.2%), from €9,623 to €1,901
- Taxes -€7,336
down €7,336 (-37.0%), from €19,825 to €12,489
- Depreciation -€5,463
down €5,463 (-10.7%), from €51,095 to €45,633
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 | €987,245 | €650,185 | -€337,059 | -34.1% |
| Fixed assets | 21/28 | €498,947 | €466,816 | -€32,130 | -6.4% |
| Tangible fixed assets | 22/27 | €498,401 | €466,271 | -€32,130 | -6.4% |
| Land and buildings | 22 | €326,449 | €301,867 | -€24,582 | -7.5% |
| Plant, machinery and equipment | 23 | €14,954 | €15,413 | +€459 | +3.1% |
| Furniture and vehicles | 24 | €14,518 | €17,996 | +€3,478 | +24.0% |
| Other tangible fixed assets | 26 | €142,480 | €130,995 | -€11,485 | -8.1% |
| Financial fixed assets | 28 | €545 | €545 | = | 0.0% |
| Current assets | 29/58 | €488,298 | €183,369 | -€304,929 | -62.4% |
| Stocks and contracts in progress | 3 | €2,268 | €1,134 | -€1,134 | -50.0% |
| Stocks | 30/36 | €2,268 | €1,134 | -€1,134 | -50.0% |
| Amounts receivable within one year | 40/41 | €4,492 | €39,970 | +€35,478 | +789.8% |
| Other amounts receivable | 41 | €4,492 | €39,970 | +€35,478 | +789.8% |
| Cash at bank and in hand | 54/58 | €479,801 | €141,107 | -€338,694 | -70.6% |
| Deferred charges and accrued income | 490/1 | €1,738 | €1,158 | -€579 | -33.3% |
| Total equity and liabilities | 10/49 | €987,245 | €650,185 | -€337,059 | -34.1% |
| Equity | 10/15 | €403,663 | €387,968 | -€15,695 | -3.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €397,466 | €381,771 | -€15,695 | -3.9% |
| Tax-exempt reserves | 132 | €102,529 | €102,529 | = | 0.0% |
| Distributable reserves | 133 | €294,937 | €279,242 | -€15,695 | -5.3% |
| Provisions and deferred taxes | 16 | €34,176 | €34,176 | = | 0.0% |
| Deferred taxes | 168 | €34,176 | €34,176 | = | 0.0% |
| Amounts payable | 17/49 | €549,405 | €228,041 | -€321,364 | -58.5% |
| Amounts payable within one year | 42/48 | €549,405 | €228,041 | -€321,364 | -58.5% |
| Trade debts | 44 | €12,742 | €16,584 | +€3,842 | +30.2% |
| Suppliers | 440/4 | €12,742 | €16,584 | +€3,842 | +30.2% |
| Taxes, remuneration and social security | 45 | €7,867 | €7,867 | = | 0.0% |
| Taxes | 450/3 | €7,867 | €7,867 | = | 0.0% |
| Other amounts payable | 47/48 | €528,796 | €203,590 | -€325,206 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,095 | €45,633 | -€5,463 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,134 | +€1,134 | |
| Other operating charges | 640/8 | €11,181 | €11,219 | +€37 | +0.3% |
| Gross operating margin | 9900 | €117,224 | €97,025 | -€20,199 | -17.2% |
| Operating profit (loss) | 9901 | €54,947 | €39,039 | -€15,908 | -29.0% |
| Financial income | 75/76B | €9,623 | €1,901 | -€7,722 | -80.2% |
| Recurring financial income | 75 | €9,623 | €1,901 | -€7,722 | -80.2% |
| Financial charges | 65/66B | €4,381 | €4,143 | -€238 | -5.4% |
| Recurring financial charges | 65 | €4,381 | €4,143 | -€238 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €60,189 | €36,797 | -€23,392 | -38.9% |
| Income taxes | 67/77 | €19,825 | €12,489 | -€7,336 | -37.0% |
| Profit (loss) for the period | 9904 | €40,363 | €24,308 | -€16,056 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,363 | €24,308 | -€16,056 | -39.8% |
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 12 October 2026 via checked.be.