ELJES: 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.
ELJES
Largest movements
- Receivables within one year +€35,300
up €35,300 (+206%), from €17,130 to €52,430
of which Trade receivables: +€37,584
- Tangible fixed assets -€31,648
down €31,648 (-7.5%), from €421,203 to €389,555
of which Plant, machinery and equipment: -€19,215
- Deferred charges and accrued income +€18,763
up €18,763 (+356%), from €5,264 to €24,027
- Cash +€10,127
up €10,127 (+59.3%), from €17,091 to €27,217
mainly Other debts (+€87,308) and Depreciation (+€32,971)
- Other debts +€87,308
up €87,308 (+100%), from €86,946 to €174,254
- Debts after one year -€34,123
down €34,123 (-11.3%), from €302,935 to €268,812
- Reserves -€18,739
down €18,739 (-91.0%), from €20,594 to €1,855
of which Distributable reserves: -€18,739
- Profit (loss) carried forward -€10,226
new in 2025: -€10,226
- Gross operating margin +€32,083
up €32,083, from -€14,474 to €17,609
- Depreciation +€20,331
up €20,331 (+161%), from €12,640 to €32,971
- Financial charges -€1,190
down €1,190 (-8.5%), from €13,966 to €12,777
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 | €473,920 | €505,138 | +€31,218 | +6.6% |
| Fixed assets | 21/28 | €434,435 | €401,464 | -€32,971 | -7.6% |
| Intangible fixed assets | 21 | €13,233 | €11,909 | -€1,323 | -10.0% |
| Tangible fixed assets | 22/27 | €421,203 | €389,555 | -€31,648 | -7.5% |
| Plant, machinery and equipment | 23 | €384,295 | €365,080 | -€19,215 | -5.0% |
| Furniture and vehicles | 24 | €33,640 | €21,576 | -€12,064 | -35.9% |
| Other tangible fixed assets | 26 | €3,268 | €2,898 | -€369 | -11.3% |
| Current assets | 29/58 | €39,485 | €103,674 | +€64,189 | +163% |
| Amounts receivable within one year | 40/41 | €17,130 | €52,430 | +€35,300 | +206% |
| Trade receivables | 40 | €8,737 | €46,321 | +€37,584 | +430% |
| Other amounts receivable | 41 | €8,393 | €6,109 | -€2,284 | -27.2% |
| Cash at bank and in hand | 54/58 | €17,091 | €27,217 | +€10,127 | +59.3% |
| Deferred charges and accrued income | 490/1 | €5,264 | €24,027 | +€18,763 | +356% |
| Total equity and liabilities | 10/49 | €473,920 | €505,138 | +€31,218 | +6.6% |
| Equity | 10/15 | €39,144 | €10,179 | -€28,965 | -74.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €20,594 | €1,855 | -€18,739 | -91.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €18,739 | - | -€18,739 | |
| Profit (loss) carried forward | 14 | - | -€10,226 | -€10,226 | |
| Amounts payable | 17/49 | €434,776 | €494,959 | +€60,183 | +13.8% |
| Amounts payable after more than one year | 17 | €302,935 | €268,812 | -€34,123 | -11.3% |
| Financial debts | 170/4 | €302,935 | €268,812 | -€34,123 | -11.3% |
| Amounts payable within one year | 42/48 | €131,841 | €224,738 | +€92,898 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €32,813 | €34,123 | +€1,310 | +4.0% |
| Trade debts | 44 | €7,454 | €7,115 | -€339 | -4.5% |
| Suppliers | 440/4 | €7,454 | €7,115 | -€339 | -4.5% |
| Taxes, remuneration and social security | 45 | €4,628 | €9,246 | +€4,619 | +99.8% |
| Taxes | 450/3 | €4,628 | €9,246 | +€4,619 | +99.8% |
| Other amounts payable | 47/48 | €86,946 | €174,254 | +€87,308 | +100% |
| Accrued charges and deferred income | 492/3 | - | €1,409 | +€1,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,640 | €32,971 | +€20,331 | +161% |
| Other operating charges | 640/8 | €759 | €695 | -€65 | -8.5% |
| Gross operating margin | 9900 | -€14,474 | €17,609 | +€32,083 | |
| Operating profit (loss) | 9901 | -€27,874 | -€16,057 | +€11,817 | +42.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +305% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +305% |
| Financial charges | 65/66B | €13,966 | €12,777 | -€1,190 | -8.5% |
| Recurring financial charges | 65 | €13,966 | €12,777 | -€1,190 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€41,840 | -€28,833 | +€13,008 | +31.1% |
| Income taxes | 67/77 | €259 | €132 | -€127 | -49.0% |
| Profit (loss) for the period | 9904 | -€42,099 | -€28,965 | +€13,134 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,099 | -€28,965 | +€13,134 | +31.2% |
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 17 October 2026 via checked.be.