ELJO-Project: 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.
ELJO-Project
Largest movements
- Cash +€35,855
up €35,855 (+438.0%), from €8,187 to €44,042
mainly Net result for the year (+€48,162) and Other debts (+€29,400)
- Receivables within one year +€14,815
up €14,815 (+124.9%), from €11,865 to €26,680
of which Trade receivables: +€26,680
- Tangible fixed assets -€3,046
down €3,046 (-22.8%), from €13,342 to €10,296
of which Furniture and vehicles: -€2,493
- Other debts +€29,400
up €29,400 (+277.4%), from €10,600 to €40,000
- Tax, wage and social debts +€16,078
up €16,078 (+2058.6%), from €781 to €16,859
of which Taxes: +€11,481
- Profit (loss) carried forward +€8,162
up €8,162 (+87.2%), from €9,356 to €17,518
- Trade debts -€6,016
down €6,016 (-99.3%), from €6,057 to €41
- Gross operating margin +€59,987
up €59,987 (+980.2%), from €6,120 to €66,107
- Taxes +€13,676
up €13,676 (+1823.5%), from €750 to €14,426
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 | €33,394 | €81,018 | +€47,624 | +142.6% |
| Fixed assets | 21/28 | €13,342 | €10,296 | -€3,046 | -22.8% |
| Tangible fixed assets | 22/27 | €13,342 | €10,296 | -€3,046 | -22.8% |
| Plant, machinery and equipment | 23 | €2,353 | €1,800 | -€553 | -23.5% |
| Furniture and vehicles | 24 | €10,989 | €8,496 | -€2,493 | -22.7% |
| Current assets | 29/58 | €20,052 | €70,722 | +€50,670 | +252.7% |
| Amounts receivable within one year | 40/41 | €11,865 | €26,680 | +€14,815 | +124.9% |
| Trade receivables | 40 | - | €26,680 | +€26,680 | |
| Other amounts receivable | 41 | €11,865 | - | -€11,865 | |
| Cash at bank and in hand | 54/58 | €8,187 | €44,042 | +€35,855 | +438.0% |
| Total equity and liabilities | 10/49 | €33,394 | €81,018 | +€47,624 | +142.6% |
| Equity | 10/15 | €15,956 | €24,118 | +€8,162 | +51.2% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,356 | €17,518 | +€8,162 | +87.2% |
| Amounts payable | 17/49 | €17,438 | €56,900 | +€39,462 | +226.3% |
| Amounts payable within one year | 42/48 | €17,438 | €56,900 | +€39,462 | +226.3% |
| Trade debts | 44 | €6,057 | €41 | -€6,016 | -99.3% |
| Suppliers | 440/4 | €6,057 | €41 | -€6,016 | -99.3% |
| Taxes, remuneration and social security | 45 | €781 | €16,859 | +€16,078 | +2058.6% |
| Taxes | 450/3 | €781 | €12,262 | +€11,481 | +1470.0% |
| Remuneration and social security | 454/9 | - | €4,597 | +€4,597 | |
| Other amounts payable | 47/48 | €10,600 | €40,000 | +€29,400 | +277.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,548 | €3,046 | +€498 | +19.5% |
| Other operating charges | 640/8 | €348 | €387 | +€39 | +11.2% |
| Gross operating margin | 9900 | €6,120 | €66,107 | +€59,987 | +980.2% |
| Operating profit (loss) | 9901 | €3,224 | €62,674 | +€59,450 | +1844.0% |
| Financial income | 75/76B | €268 | €37 | -€231 | -86.2% |
| Recurring financial income | 75 | €268 | €37 | -€231 | -86.2% |
| Financial charges | 65/66B | €123 | €123 | = | 0.0% |
| Recurring financial charges | 65 | €123 | €123 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,369 | €62,588 | +€59,219 | +1757.8% |
| Income taxes | 67/77 | €750 | €14,426 | +€13,676 | +1823.5% |
| Profit (loss) for the period | 9904 | €2,619 | €48,162 | +€45,543 | +1738.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,619 | €48,162 | +€45,543 | +1738.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.