Ellement: 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.
Ellement
Largest movements
- Tangible fixed assets -€7,540
down €7,540 (-9.4%), from €80,128 to €72,588
of which Other tangible fixed assets: -€10,552
- Cash -€2,274
down €2,274 (-52.3%), from €4,344 to €2,070
mainly Net result for the year (-€10,580) and Investment in fixed assets (net) (-€3,663)
- Profit (loss) carried forward -€10,580
down €10,580, from €3,420 to -€7,161
- Gross operating margin -€8,586
down €8,586 (-86.0%), from €9,980 to €1,394
- Depreciation +€3,163
up €3,163 (+39.3%), from €8,041 to €11,203
- Financial charges -€220
down €220 (-55.4%), from €396 to €176
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 | €85,158 | €75,240 | -€9,918 | -11.6% |
| Fixed assets | 21/28 | €80,128 | €72,588 | -€7,540 | -9.4% |
| Tangible fixed assets | 22/27 | €80,128 | €72,588 | -€7,540 | -9.4% |
| Plant, machinery and equipment | 23 | - | €3,012 | +€3,012 | |
| Other tangible fixed assets | 26 | €80,128 | €69,576 | -€10,552 | -13.2% |
| Current assets | 29/58 | €5,029 | €2,652 | -€2,378 | -47.3% |
| Amounts receivable within one year | 40/41 | €385 | €409 | +€24 | +6.3% |
| Trade receivables | 40 | €364 | €409 | +€45 | +12.3% |
| Other amounts receivable | 41 | €21 | €0 | -€21 | -100% |
| Cash at bank and in hand | 54/58 | €4,344 | €2,070 | -€2,274 | -52.3% |
| Deferred charges and accrued income | 490/1 | €300 | €172 | -€128 | -42.7% |
| Total equity and liabilities | 10/49 | €85,158 | €75,240 | -€9,918 | -11.6% |
| Equity | 10/15 | €5,420 | -€5,161 | -€10,580 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,420 | -€7,161 | -€10,580 | |
| Amounts payable | 17/49 | €79,738 | €80,400 | +€662 | +0.8% |
| Amounts payable within one year | 42/48 | €79,738 | €80,400 | +€662 | +0.8% |
| Trade debts | 44 | €0 | €160 | +€160 | |
| Suppliers | 440/4 | €0 | €160 | +€160 | |
| Taxes, remuneration and social security | 45 | €978 | €1,652 | +€674 | +68.8% |
| Taxes | 450/3 | €978 | €1,652 | +€674 | +68.8% |
| Other amounts payable | 47/48 | €78,759 | €78,588 | -€171 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,041 | €11,203 | +€3,163 | +39.3% |
| Other operating charges | 640/8 | €580 | €595 | +€14 | +2.5% |
| Gross operating margin | 9900 | €9,980 | €1,394 | -€8,586 | -86.0% |
| Operating profit (loss) | 9901 | €1,359 | -€10,404 | -€11,763 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €396 | €176 | -€220 | -55.4% |
| Recurring financial charges | 65 | €396 | €176 | -€220 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €963 | -€10,580 | -€11,543 | |
| Profit (loss) for the period | 9904 | €963 | -€10,580 | -€11,543 | |
| Profit (loss) for the period to be appropriated | 9905 | €963 | -€10,580 | -€11,543 |
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 14 October 2026 via checked.be.