ELLASTIC: 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.
ELLASTIC
Largest movements
- Deferred charges and accrued income +€8,406
up €8,406, from €0 to €8,406
- Tangible fixed assets +€6,310
up €6,310 (+784.3%), from €805 to €7,115
- Receivables within one year -€3,517
down €3,517 (-44.0%), from €7,995 to €4,479
of which Trade receivables: -€3,172
- Cash +€1,163
up €1,163 (+7.8%), from €14,849 to €16,012
mainly Net result for the year (+€11,663) and Receivables within one year (+€3,517)
- Reserves +€11,663
up €11,663 (+57.0%), from €20,461 to €32,124
- Accrued charges and deferred income +€765
new in 2025: €765
- Gross operating margin -€4,845
down €4,845 (-20.3%), from €23,885 to €19,040
- Depreciation +€1,318
up €1,318 (+247.3%), from €533 to €1,851
- Other operating charges -€926
down €926 (-67.9%), from €1,363 to €437
- Financial charges -€380
down €380 (-30.1%), from €1,265 to €885
- Taxes +€336
up €336 (+8.3%), from €4,063 to €4,400
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 | €23,704 | €36,012 | +€12,308 | +51.9% |
| Fixed assets | 21/28 | €860 | €7,115 | +€6,255 | +727.7% |
| Tangible fixed assets | 22/27 | €805 | €7,115 | +€6,310 | +784.3% |
| Plant, machinery and equipment | 23 | €805 | €7,115 | +€6,310 | +784.3% |
| Financial fixed assets | 28 | €55 | €0 | -€55 | -100.0% |
| Current assets | 29/58 | €22,844 | €28,897 | +€6,053 | +26.5% |
| Amounts receivable within one year | 40/41 | €7,995 | €4,479 | -€3,517 | -44.0% |
| Trade receivables | 40 | €3,739 | €567 | -€3,172 | -84.8% |
| Other amounts receivable | 41 | €4,256 | €3,911 | -€345 | -8.1% |
| Cash at bank and in hand | 54/58 | €14,849 | €16,012 | +€1,163 | +7.8% |
| Deferred charges and accrued income | 490/1 | €0 | €8,406 | +€8,406 | |
| Total equity and liabilities | 10/49 | €23,704 | €36,012 | +€12,308 | +51.9% |
| Equity | 10/15 | €23,461 | €35,124 | +€11,663 | +49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,461 | €32,124 | +€11,663 | +57.0% |
| Distributable reserves | 133 | €20,461 | €32,124 | +€11,663 | +57.0% |
| Amounts payable | 17/49 | €243 | €888 | +€645 | +265.5% |
| Amounts payable within one year | 42/48 | €243 | €123 | -€120 | -49.3% |
| Financial debts | 43 | €120 | €0 | -€120 | -100.0% |
| Credit institutions | 430/8 | €120 | €0 | -€120 | -100.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €123 | €123 | = | 0.0% |
| Taxes | 450/3 | €123 | €123 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €765 | +€765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533 | €1,851 | +€1,318 | +247.3% |
| Other operating charges | 640/8 | €1,363 | €437 | -€926 | -67.9% |
| Gross operating margin | 9900 | €23,885 | €19,040 | -€4,845 | -20.3% |
| Operating profit (loss) | 9901 | €21,989 | €16,752 | -€5,237 | -23.8% |
| Financial income | 75/76B | €0 | €195 | +€195 | +650300.0% |
| Recurring financial income | 75 | €0 | €195 | +€195 | +650300.0% |
| Financial charges | 65/66B | €1,265 | €885 | -€380 | -30.1% |
| Recurring financial charges | 65 | €1,265 | €885 | -€380 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €20,724 | €16,063 | -€4,661 | -22.5% |
| Income taxes | 67/77 | €4,063 | €4,400 | +€336 | +8.3% |
| Profit (loss) for the period | 9904 | €16,661 | €11,663 | -€4,998 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,661 | €11,663 | -€4,998 | -30.0% |
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 29 September 2026 via checked.be.