ELLA MJ: what changed
ELLA MJ
Largest movements
- Cash +€31,595
up €31,595 (+40.6%), from €77,751 to €109,345
mainly Net result for the year (+€73,389) and Depreciation (+€14,531)
- Receivables within one year +€24,137
up €24,137 (+111%), from €21,671 to €45,808
of which Other amounts receivable: +€25,492
- Tangible fixed assets -€14,531
down €14,531 (-25.5%), from €56,913 to €42,382
- Receivables after one year -€3,600
down €3,600 (-11.5%), from €31,200 to €27,600
- Reserves +€70,005
up €70,005 (+86.8%), from €80,667 to €150,673
- Debts after one year -€18,724
down €18,724 (-53.5%), from €35,025 to €16,301
- Other debts -€14,540
down €14,540 (-89.4%), from €16,258 to €1,718
- Gross operating margin -€15,424
down €15,424 (-11.9%), from €129,451 to €114,027
- Taxes -€2,950
down €2,950 (-12.5%), from €23,648 to €20,698
- Financial charges -€2,330
down €2,330 (-47.3%), from €4,928 to €2,598
- Depreciation -€2,026
down €2,026 (-12.2%), from €16,557 to €14,531
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,276 | €227,432 | +€37,156 | +19.5% |
| Fixed assets | 21/28 | €56,913 | €42,382 | -€14,531 | -25.5% |
| Tangible fixed assets | 22/27 | €56,913 | €42,382 | -€14,531 | -25.5% |
| Leasing and similar rights | 25 | €56,913 | €42,382 | -€14,531 | -25.5% |
| Current assets | 29/58 | €133,364 | €185,050 | +€51,687 | +38.8% |
| Amounts receivable after more than one year | 29 | €31,200 | €27,600 | -€3,600 | -11.5% |
| Other amounts receivable | 291 | €31,200 | €27,600 | -€3,600 | -11.5% |
| Amounts receivable within one year | 40/41 | €21,671 | €45,808 | +€24,137 | +111% |
| Trade receivables | 40 | €21,671 | €20,316 | -€1,355 | -6.3% |
| Other amounts receivable | 41 | - | €25,492 | +€25,492 | |
| Cash at bank and in hand | 54/58 | €77,751 | €109,345 | +€31,595 | +40.6% |
| Deferred charges and accrued income | 490/1 | €2,742 | €2,297 | -€445 | -16.2% |
| Total equity and liabilities | 10/49 | €190,276 | €227,432 | +€37,156 | +19.5% |
| Equity | 10/15 | €82,667 | €152,673 | +€70,005 | +84.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €80,667 | €150,673 | +€70,005 | +86.8% |
| Distributable reserves | 133 | €80,667 | €150,673 | +€70,005 | +86.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €107,609 | €74,760 | -€32,849 | -30.5% |
| Amounts payable after more than one year | 17 | €35,025 | €16,301 | -€18,724 | -53.5% |
| Financial debts | 170/4 | €35,025 | €16,301 | -€18,724 | -53.5% |
| Amounts payable within one year | 42/48 | €72,584 | €58,459 | -€14,125 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €17,852 | €18,724 | +€873 | +4.9% |
| Trade debts | 44 | €1,136 | €1,485 | +€349 | +30.7% |
| Suppliers | 440/4 | €1,136 | €1,485 | +€349 | +30.7% |
| Taxes, remuneration and social security | 45 | €37,339 | €36,532 | -€807 | -2.2% |
| Taxes | 450/3 | €37,339 | €33,619 | -€3,719 | -10.0% |
| Remuneration and social security | 454/9 | - | €2,913 | +€2,913 | |
| Other amounts payable | 47/48 | €16,258 | €1,718 | -€14,540 | -89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,557 | €14,531 | -€2,026 | -12.2% |
| Other operating charges | 640/8 | €3,665 | €3,098 | -€567 | -15.5% |
| Gross operating margin | 9900 | €129,451 | €114,027 | -€15,424 | -11.9% |
| Operating profit (loss) | 9901 | €109,228 | €96,398 | -€12,830 | -11.7% |
| Financial income | 75/76B | €15 | €287 | +€272 | +1,817% |
| Recurring financial income | 75 | €15 | €287 | +€272 | +1,817% |
| Financial charges | 65/66B | €4,928 | €2,598 | -€2,330 | -47.3% |
| Recurring financial charges | 65 | €4,928 | €2,598 | -€2,330 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €104,315 | €94,088 | -€10,228 | -9.8% |
| Income taxes | 67/77 | €23,648 | €20,698 | -€2,950 | -12.5% |
| Profit (loss) for the period | 9904 | €80,667 | €73,389 | -€7,278 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,667 | €73,389 | -€7,278 | -9.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.