ELLBAT: 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.
ELLBAT
Largest movements
- Receivables within one year +€24,725
up €24,725 (+213.6%), from €11,575 to €36,300
of which Trade receivables: +€28,243
- Tangible fixed assets -€18,129
down €18,129 (-21.1%), from €85,978 to €67,849
- Cash +€13,593
up €13,593 (+166.9%), from €8,143 to €21,735
mainly Depreciation (+€18,129) and Other debts (+€10,200)
- Other debts +€10,200
up €10,200 (+3.2%), from €315,600 to €325,800
- Profit (loss) carried forward +€4,837
up €4,837 (+83.2%), from -€5,812 to -€975
- Tax, wage and social debts +€4,772
up €4,772 (+979.1%), from €487 to €5,260
- Gross operating margin +€28,206
up €28,206, from -€1,740 to €26,466
- Depreciation +€14,624
up €14,624 (+417.3%), from €3,505 to €18,129
- Taxes +€2,041
up €2,041 (+418.8%), from €487 to €2,529
- Other operating charges +€1,380
new in 2025: €1,380
- Financial income +€463
new in 2025: €463
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 | €321,296 | €341,956 | +€20,660 | +6.4% |
| Fixed assets | 21/28 | €301,578 | €283,449 | -€18,129 | -6.0% |
| Tangible fixed assets | 22/27 | €85,978 | €67,849 | -€18,129 | -21.1% |
| Furniture and vehicles | 24 | €85,978 | €67,849 | -€18,129 | -21.1% |
| Financial fixed assets | 28 | €215,600 | €215,600 | = | 0.0% |
| Current assets | 29/58 | €19,718 | €58,506 | +€38,789 | +196.7% |
| Amounts receivable within one year | 40/41 | €11,575 | €36,300 | +€24,725 | +213.6% |
| Trade receivables | 40 | €8,057 | €36,300 | +€28,243 | +350.5% |
| Other amounts receivable | 41 | €3,518 | - | -€3,518 | |
| Cash at bank and in hand | 54/58 | €8,143 | €21,735 | +€13,593 | +166.9% |
| Deferred charges and accrued income | 490/1 | - | €471 | +€471 | |
| Total equity and liabilities | 10/49 | €321,296 | €341,956 | +€20,660 | +6.4% |
| Equity | 10/15 | €4,188 | €9,025 | +€4,837 | +115.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,812 | -€975 | +€4,837 | +83.2% |
| Amounts payable | 17/49 | €317,108 | €332,930 | +€15,822 | +5.0% |
| Amounts payable within one year | 42/48 | €317,108 | €332,930 | +€15,822 | +5.0% |
| Trade debts | 44 | €1,021 | €1,870 | +€850 | +83.3% |
| Suppliers | 440/4 | €1,021 | €1,870 | +€850 | +83.3% |
| Taxes, remuneration and social security | 45 | €487 | €5,260 | +€4,772 | +979.1% |
| Taxes | 450/3 | €487 | €5,260 | +€4,772 | +979.1% |
| Other amounts payable | 47/48 | €315,600 | €325,800 | +€10,200 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | €18,129 | +€14,624 | +417.3% |
| Other operating charges | 640/8 | - | €1,380 | +€1,380 | |
| Gross operating margin | 9900 | -€1,740 | €26,466 | +€28,206 | |
| Operating profit (loss) | 9901 | -€5,245 | €6,957 | +€12,202 | |
| Financial income | 75/76B | - | €463 | +€463 | |
| Recurring financial income | 75 | - | €463 | +€463 | |
| Financial charges | 65/66B | €80 | €54 | -€26 | -32.5% |
| Recurring financial charges | 65 | €80 | €54 | -€26 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,325 | €7,366 | +€12,691 | |
| Income taxes | 67/77 | €487 | €2,529 | +€2,041 | +418.8% |
| Profit (loss) for the period | 9904 | -€5,812 | €4,837 | +€10,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,812 | €4,837 | +€10,649 |
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 1 October 2026 via checked.be.