ELLEBELLE: 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.
ELLEBELLE
Largest movements
- Tangible fixed assets -€19,754
down €19,754 (-9.5%), from €207,290 to €187,536
of which Land and buildings: -€11,528
- Cash -€2,777
down €2,777 (-69.1%), from €4,019 to €1,242
mainly Debts after one year (-€28,736) and Tax, wage and social debts (-€5,213)
- Debts after one year -€28,736
down €28,736 (-17.6%), from €163,688 to €134,952
- Profit (loss) carried forward +€7,779
up €7,779 (+10.4%), from -€74,736 to -€66,957
- Tax, wage and social debts -€5,213
down €5,213 (-42.7%), from €12,195 to €6,982
of which Remuneration and social security: -€4,621
- Current portion of long-term debt +€2,366
up €2,366 (+8.5%), from €27,860 to €30,226
- Gross operating margin +€11,327
up €11,327 (+48.8%), from €23,216 to €34,543
- Depreciation -€4,303
down €4,303 (-17.9%), from €24,057 to €19,754
- Financial charges -€2,035
down €2,035 (-30.9%), from €6,596 to €4,561
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 | €213,408 | €190,829 | -€22,579 | -10.6% |
| Fixed assets | 21/28 | €207,290 | €187,536 | -€19,754 | -9.5% |
| Tangible fixed assets | 22/27 | €207,290 | €187,536 | -€19,754 | -9.5% |
| Land and buildings | 22 | €194,819 | €183,291 | -€11,528 | -5.9% |
| Plant, machinery and equipment | 23 | €12,471 | €4,245 | -€8,226 | -66.0% |
| Current assets | 29/58 | €6,118 | €3,293 | -€2,825 | -46.2% |
| Stocks and contracts in progress | 3 | €1,694 | €1,935 | +€241 | +14.2% |
| Stocks | 30/36 | €1,694 | €1,935 | +€241 | +14.2% |
| Amounts receivable within one year | 40/41 | €405 | €116 | -€289 | -71.4% |
| Trade receivables | 40 | €391 | - | -€391 | |
| Other amounts receivable | 41 | €14 | €116 | +€102 | +728.6% |
| Cash at bank and in hand | 54/58 | €4,019 | €1,242 | -€2,777 | -69.1% |
| Total equity and liabilities | 10/49 | €213,408 | €190,829 | -€22,579 | -10.6% |
| Equity | 10/15 | -€19,736 | -€11,957 | +€7,779 | +39.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,736 | -€66,957 | +€7,779 | +10.4% |
| Amounts payable | 17/49 | €233,144 | €202,786 | -€30,358 | -13.0% |
| Amounts payable after more than one year | 17 | €163,688 | €134,952 | -€28,736 | -17.6% |
| Financial debts | 170/4 | €163,688 | €134,952 | -€28,736 | -17.6% |
| Amounts payable within one year | 42/48 | €69,456 | €67,834 | -€1,622 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €27,860 | €30,226 | +€2,366 | +8.5% |
| Trade debts | 44 | €7,775 | €8,292 | +€517 | +6.6% |
| Suppliers | 440/4 | €7,775 | €8,292 | +€517 | +6.6% |
| Taxes, remuneration and social security | 45 | €12,195 | €6,982 | -€5,213 | -42.7% |
| Taxes | 450/3 | €714 | €122 | -€592 | -82.9% |
| Remuneration and social security | 454/9 | €11,481 | €6,860 | -€4,621 | -40.2% |
| Other amounts payable | 47/48 | €21,626 | €22,334 | +€708 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,057 | €19,754 | -€4,303 | -17.9% |
| Other operating charges | 640/8 | €2,348 | €2,449 | +€101 | +4.3% |
| Gross operating margin | 9900 | €23,216 | €34,543 | +€11,327 | +48.8% |
| Operating profit (loss) | 9901 | -€3,189 | €12,340 | +€15,529 | |
| Financial charges | 65/66B | €6,596 | €4,561 | -€2,035 | -30.9% |
| Recurring financial charges | 65 | €6,596 | €4,561 | -€2,035 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,785 | €7,779 | +€17,564 | |
| Profit (loss) for the period | 9904 | -€9,785 | €7,779 | +€17,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,785 | €7,779 | +€17,564 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.