ELJFI: 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.
ELJFI
Largest movements
- Cash -€16,162
down €16,162 (-57.1%), from €28,293 to €12,131
mainly Debts after one year (-€37,618) and Investment in fixed assets (net) (-€10,042)
- Tangible fixed assets +€7,734
up €7,734 (+68.5%), from €11,294 to €19,028
of which Furniture and vehicles: +€8,638
- Receivables within one year +€5,001
up €5,001 (+357%), from €1,402 to €6,403
of which Other amounts receivable: +€5,699
- Debts after one year -€37,618
down €37,618 (-19.8%), from €190,000 to €152,382
- Reserves +€25,385
up €25,385 (+34.8%), from €72,894 to €98,279
- Short-term financial debts +€4,985
up €4,985 (+147%), from €3,381 to €8,365
- Financial income -€24,991
down €24,991 (-99.9%), from €25,005 to €14
- Taxes -€6,352
down €6,352 (-40.6%), from €15,657 to €9,305
- Gross operating margin -€5,402
down €5,402 (-10.3%), from €52,567 to €47,165
- Depreciation +€1,469
up €1,469 (+175%), from €838 to €2,308
- Financial charges -€1,420
down €1,420 (-12.7%), from €11,214 to €9,794
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 | €326,010 | €322,582 | -€3,427 | -1.1% |
| Fixed assets | 21/28 | €296,294 | €304,028 | +€7,734 | +2.6% |
| Tangible fixed assets | 22/27 | €11,294 | €19,028 | +€7,734 | +68.5% |
| Land and buildings | 22 | €2,924 | €2,611 | -€313 | -10.7% |
| Plant, machinery and equipment | 23 | €2,485 | €1,895 | -€591 | -23.8% |
| Furniture and vehicles | 24 | €5,884 | €14,522 | +€8,638 | +147% |
| Financial fixed assets | 28 | €285,000 | €285,000 | = | 0.0% |
| Current assets | 29/58 | €29,716 | €18,555 | -€11,161 | -37.6% |
| Amounts receivable within one year | 40/41 | €1,402 | €6,403 | +€5,001 | +357% |
| Trade receivables | 40 | €1,402 | €704 | -€698 | -49.8% |
| Other amounts receivable | 41 | - | €5,699 | +€5,699 | |
| Cash at bank and in hand | 54/58 | €28,293 | €12,131 | -€16,162 | -57.1% |
| Deferred charges and accrued income | 490/1 | €20 | €20 | = | 0.0% |
| Total equity and liabilities | 10/49 | €326,010 | €322,582 | -€3,427 | -1.1% |
| Equity | 10/15 | €75,394 | €100,779 | +€25,385 | +33.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €72,894 | €98,279 | +€25,385 | +34.8% |
| Distributable reserves | 133 | €72,894 | €98,279 | +€25,385 | +34.8% |
| Amounts payable | 17/49 | €250,615 | €221,803 | -€28,812 | -11.5% |
| Amounts payable after more than one year | 17 | €190,000 | €152,382 | -€37,618 | -19.8% |
| Financial debts | 170/4 | €190,000 | €152,382 | -€37,618 | -19.8% |
| Amounts payable within one year | 42/48 | €60,616 | €69,421 | +€8,805 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €40,714 | €42,671 | +€1,957 | +4.8% |
| Financial debts | 43 | €3,381 | €8,365 | +€4,985 | +147% |
| Credit institutions | 430/8 | €3,381 | €8,365 | +€4,985 | +147% |
| Trade debts | 44 | €1,436 | €1,172 | -€264 | -18.4% |
| Suppliers | 440/4 | €1,436 | €1,172 | -€264 | -18.4% |
| Taxes, remuneration and social security | 45 | €15,084 | €14,793 | -€291 | -1.9% |
| Taxes | 450/3 | €15,084 | €14,793 | -€291 | -1.9% |
| Other amounts payable | 47/48 | - | €2,420 | +€2,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €2,308 | +€1,469 | +175% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €52,567 | €47,165 | -€5,402 | -10.3% |
| Operating profit (loss) | 9901 | €51,729 | €44,470 | -€7,258 | -14.0% |
| Financial income | 75/76B | €25,005 | €14 | -€24,991 | -99.9% |
| Recurring financial income | 75 | €25,005 | €14 | -€24,991 | -99.9% |
| Financial charges | 65/66B | €11,214 | €9,794 | -€1,420 | -12.7% |
| Recurring financial charges | 65 | €11,214 | €9,794 | -€1,420 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €65,520 | €34,691 | -€30,829 | -47.1% |
| Income taxes | 67/77 | €15,657 | €9,305 | -€6,352 | -40.6% |
| Profit (loss) for the period | 9904 | €49,862 | €25,385 | -€24,477 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,862 | €25,385 | -€24,477 | -49.1% |
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.