ELLAY: 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.
ELLAY
Largest movements
- Receivables within one year -€13,818
down €13,818 (-59.4%), from €23,272 to €9,454
of which Trade receivables: -€19,233
- Tangible fixed assets +€6,555
up €6,555 (+184.0%), from €3,563 to €10,118
of which Furniture and vehicles: +€3,581
- Cash -€1,885
down €1,885 (-1.8%), from €105,234 to €103,349
mainly Contributions, distributions and other (-€70,000) and Debts after one year (-€49,500)
- Debts after one year -€49,500
no longer reported in 2025 (was €49,500)
- Other debts +€19,832
up €19,832 (+39.5%), from €50,219 to €70,052
- Profit (loss) carried forward +€18,213
up €18,213 (+449.0%), from €4,057 to €22,270
- Trade debts +€2,537
up €2,537 (+156.6%), from €1,620 to €4,157
- Gross operating margin -€31,807
down €31,807 (-19.7%), from €161,425 to €129,619
- Taxes +€14,124
up €14,124 (+64.3%), from €21,961 to €36,085
- Financial charges +€13,263
up €13,263, from -€12,327 to €936
of which Non-recurring financial charges: +€12,500
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 | €132,068 | €122,921 | -€9,148 | -6.9% |
| Fixed assets | 21/28 | €3,563 | €10,118 | +€6,555 | +184.0% |
| Tangible fixed assets | 22/27 | €3,563 | €10,118 | +€6,555 | +184.0% |
| Furniture and vehicles | 24 | €3,563 | €7,144 | +€3,581 | +100.5% |
| Other tangible fixed assets | 26 | - | €2,974 | +€2,974 | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €128,505 | €112,802 | -€15,703 | -12.2% |
| Amounts receivable within one year | 40/41 | €23,272 | €9,454 | -€13,818 | -59.4% |
| Trade receivables | 40 | €19,233 | - | -€19,233 | |
| Other amounts receivable | 41 | €4,039 | €9,454 | +€5,415 | +134.1% |
| Cash at bank and in hand | 54/58 | €105,234 | €103,349 | -€1,885 | -1.8% |
| Total equity and liabilities | 10/49 | €132,068 | €122,921 | -€9,148 | -6.9% |
| Equity | 10/15 | €22,657 | €40,870 | +€18,213 | +80.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,057 | €22,270 | +€18,213 | +449.0% |
| Amounts payable | 17/49 | €109,412 | €82,051 | -€27,360 | -25.0% |
| Amounts payable after more than one year | 17 | €49,500 | - | -€49,500 | |
| Financial debts | 170/4 | €49,500 | - | -€49,500 | |
| Amounts payable within one year | 42/48 | €59,912 | €82,051 | +€22,140 | +37.0% |
| Trade debts | 44 | €1,620 | €4,157 | +€2,537 | +156.6% |
| Suppliers | 440/4 | €1,620 | €4,157 | +€2,537 | +156.6% |
| Taxes, remuneration and social security | 45 | €8,072 | €7,843 | -€230 | -2.8% |
| Taxes | 450/3 | €8,072 | €7,843 | -€230 | -2.8% |
| Other amounts payable | 47/48 | €50,219 | €70,052 | +€19,832 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,053 | €2,396 | +€343 | +16.7% |
| Other operating charges | 640/8 | €818 | €1,988 | +€1,171 | +143.2% |
| Non-recurring operating charges | 66A | €12,500 | - | -€12,500 | |
| Gross operating margin | 9900 | €161,425 | €129,619 | -€31,807 | -19.7% |
| Operating profit (loss) | 9901 | €146,054 | €125,234 | -€20,820 | -14.3% |
| Financial charges | 65/66B | -€12,327 | €936 | +€13,263 | |
| Recurring financial charges | 65 | €173 | €936 | +€763 | +440.1% |
| Non-recurring financial charges | 66B | -€12,500 | - | +€12,500 | |
| Profit (loss) for the period before taxes | 9903 | €158,381 | €124,298 | -€34,083 | -21.5% |
| Income taxes | 67/77 | €21,961 | €36,085 | +€14,124 | +64.3% |
| Profit (loss) for the period | 9904 | €136,420 | €88,213 | -€48,207 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,420 | €88,213 | -€48,207 | -35.3% |
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 11 October 2026 via checked.be.