ELLEA TRANSITION: 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.
ELLEA TRANSITION
Largest movements
- Cash -€16,673
down €16,673 (-35.0%), from €47,592 to €30,919
mainly Contributions, distributions and other (-€20,000) and Other debts (-€11,301)
- Tangible fixed assets +€948
up €948, from €0 to €948
- Other debts -€11,301
down €11,301 (-31.8%), from €35,578 to €24,277
- Tax, wage and social debts -€6,718
down €6,718 (-75.1%), from €8,941 to €2,224
- Profit (loss) carried forward +€2,569
up €2,569, from €0 to €2,569
- Gross operating margin +€3,227
up €3,227 (+11.4%), from €28,246 to €31,473
- Taxes +€1,602
up €1,602 (+24.5%), from €6,532 to €8,134
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.
Derived cash bridge
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 | €47,660 | €32,070 | -€15,590 | -32.7% |
| Fixed assets | 21/28 | €0 | €948 | +€948 | |
| Tangible fixed assets | 22/27 | €0 | €948 | +€948 | |
| Furniture and vehicles | 24 | €0 | €948 | +€948 | |
| Current assets | 29/58 | €47,660 | €31,122 | -€16,538 | -34.7% |
| Amounts receivable within one year | 40/41 | €0 | €66 | +€66 | |
| Other amounts receivable | 41 | €0 | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €47,592 | €30,919 | -€16,673 | -35.0% |
| Deferred charges and accrued income | 490/1 | €68 | €137 | +€69 | +101% |
| Total equity and liabilities | 10/49 | €47,660 | €32,070 | -€15,590 | -32.7% |
| Equity | 10/15 | €3,000 | €5,569 | +€2,569 | +85.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €2,569 | +€2,569 | |
| Amounts payable | 17/49 | €44,660 | €26,501 | -€18,159 | -40.7% |
| Amounts payable within one year | 42/48 | €44,660 | €26,501 | -€18,159 | -40.7% |
| Financial debts | 43 | €140 | €0 | -€140 | -100% |
| Credit institutions | 430/8 | €140 | €0 | -€140 | -100% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,941 | €2,224 | -€6,718 | -75.1% |
| Taxes | 450/3 | €8,941 | €2,224 | -€6,718 | -75.1% |
| Other amounts payable | 47/48 | €35,578 | €24,277 | -€11,301 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €159 | +€159 | |
| Other operating charges | 640/8 | €451 | €496 | +€45 | +10.0% |
| Non-recurring operating charges | 66A | €332 | €0 | -€332 | -100% |
| Gross operating margin | 9900 | €28,246 | €31,473 | +€3,227 | +11.4% |
| Operating profit (loss) | 9901 | €27,463 | €30,818 | +€3,355 | +12.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €119 | €115 | -€4 | -3.2% |
| Recurring financial charges | 65 | €119 | €115 | -€4 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €27,343 | €30,703 | +€3,359 | +12.3% |
| Income taxes | 67/77 | €6,532 | €8,134 | +€1,602 | +24.5% |
| Profit (loss) for the period | 9904 | €20,812 | €22,569 | +€1,757 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,812 | €22,569 | +€1,757 | +8.4% |
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 26 October 2026 via checked.be.