ELLANI: 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.
ELLANI
Largest movements
- Cash -€114,099
down €114,099 (-61.1%), from €186,820 to €72,721
mainly Other debts (-€200,000) and Receivables within one year (-€13,409)
- Other debts -€200,000
down €200,000 (-91.4%), from €218,880 to €18,880
- Reserves +€105,985
up €105,985 (+15.3%), from €694,219 to €800,205
of which Distributable reserves: +€105,985
- Gross operating margin -€56,705
down €56,705 (-21.2%), from €268,017 to €211,312
- Taxes -€22,504
down €22,504 (-33.4%), from €67,449 to €44,944
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 | €2,651,612 | €2,550,586 | -€101,026 | -3.8% |
| Fixed assets | 21/28 | €2,299,301 | €2,298,890 | -€411 | 0.0% |
| Tangible fixed assets | 22/27 | €411 | €0 | -€411 | -100.0% |
| Furniture and vehicles | 24 | €411 | €0 | -€411 | -100.0% |
| Financial fixed assets | 28 | €2,298,890 | €2,298,890 | = | 0.0% |
| Current assets | 29/58 | €352,311 | €251,696 | -€100,615 | -28.6% |
| Amounts receivable within one year | 40/41 | €164,831 | €178,240 | +€13,409 | +8.1% |
| Trade receivables | 40 | €162,550 | €162,550 | = | 0.0% |
| Other amounts receivable | 41 | €2,281 | €15,690 | +€13,409 | +587.8% |
| Cash at bank and in hand | 54/58 | €186,820 | €72,721 | -€114,099 | -61.1% |
| Deferred charges and accrued income | 490/1 | €660 | €735 | +€75 | +11.3% |
| Total equity and liabilities | 10/49 | €2,651,612 | €2,550,586 | -€101,026 | -3.8% |
| Equity | 10/15 | €894,219 | €1,000,205 | +€105,985 | +11.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €694,219 | €800,205 | +€105,985 | +15.3% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €652,119 | €758,105 | +€105,985 | +16.3% |
| Provisions and deferred taxes | 16 | €1,119,846 | €1,112,942 | -€6,905 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €1,119,846 | €1,112,942 | -€6,905 | -0.6% |
| Other liabilities and charges | 164/5 | €1,119,846 | €1,112,942 | -€6,905 | -0.6% |
| Amounts payable | 17/49 | €637,547 | €437,440 | -€200,107 | -31.4% |
| Amounts payable after more than one year | 17 | €323,631 | €324,390 | +€759 | +0.2% |
| Other amounts payable | 178/9 | €323,631 | €324,390 | +€759 | +0.2% |
| Amounts payable within one year | 42/48 | €271,998 | €71,276 | -€200,722 | -73.8% |
| Trade debts | 44 | €7,251 | €1,753 | -€5,498 | -75.8% |
| Suppliers | 440/4 | €7,251 | €1,753 | -€5,498 | -75.8% |
| Taxes, remuneration and social security | 45 | €45,867 | €50,644 | +€4,777 | +10.4% |
| Taxes | 450/3 | €45,867 | €50,644 | +€4,777 | +10.4% |
| Other amounts payable | 47/48 | €218,880 | €18,880 | -€200,000 | -91.4% |
| Accrued charges and deferred income | 492/3 | €41,918 | €41,773 | -€144 | -0.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,191 | €411 | -€780 | -65.5% |
| Other operating charges | 640/8 | €2,345 | €1,774 | -€571 | -24.4% |
| Gross operating margin | 9900 | €268,017 | €211,312 | -€56,705 | -21.2% |
| Operating profit (loss) | 9901 | €264,481 | €209,127 | -€55,354 | -20.9% |
| Financial charges | 65/66B | €57,915 | €58,197 | +€282 | +0.5% |
| Recurring financial charges | 65 | €57,915 | €58,197 | +€282 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €206,565 | €150,930 | -€55,636 | -26.9% |
| Income taxes | 67/77 | €67,449 | €44,944 | -€22,504 | -33.4% |
| Profit (loss) for the period | 9904 | €139,117 | €105,985 | -€33,131 | -23.8% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,117 | €105,985 | -€33,131 | -23.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.