ELLENISE: 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.
ELLENISE
Largest movements
- Receivables within one year +€6,089
up €6,089 (+39.0%), from €15,595 to €21,684
of which Other amounts receivable: +€8,678
- Cash +€2,281
up €2,281 (+53.1%), from €4,296 to €6,577
mainly Net result for the year (+€6,917) and Tax, wage and social debts (+€1,653)
- Deferred charges and accrued income +€695
up €695 (+37.7%), from €1,842 to €2,537
- Tangible fixed assets +€667
up €667 (+20.9%), from €3,190 to €3,858
- Profit (loss) carried forward +€6,917
up €6,917 (+44.6%), from -€15,509 to -€8,592
- Tax, wage and social debts +€1,653
up €1,653 (+11.3%), from €14,611 to €16,264
- Trade debts +€1,562
up €1,562 (+147.5%), from €1,060 to €2,622
- Accrued charges and deferred income -€400
down €400 (-44.4%), from €900 to €500
- Gross operating margin +€743
up €743 (+4.5%), from €16,496 to €17,239
- Depreciation +€392
up €392 (+42.1%), from €932 to €1,324
- Other operating charges -€372
down €372 (-20.8%), from €1,791 to €1,419
- Financial income +€299
up €299 (+292.3%), from €102 to €402
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 | €24,923 | €34,655 | +€9,732 | +39.0% |
| Fixed assets | 21/28 | €3,190 | €3,858 | +€667 | +20.9% |
| Tangible fixed assets | 22/27 | €3,190 | €3,858 | +€667 | +20.9% |
| Furniture and vehicles | 24 | €3,190 | €3,858 | +€667 | +20.9% |
| Current assets | 29/58 | €21,733 | €30,797 | +€9,065 | +41.7% |
| Amounts receivable within one year | 40/41 | €15,595 | €21,684 | +€6,089 | +39.0% |
| Trade receivables | 40 | €12,947 | €10,358 | -€2,589 | -20.0% |
| Other amounts receivable | 41 | €2,648 | €11,326 | +€8,678 | +327.7% |
| Cash at bank and in hand | 54/58 | €4,296 | €6,577 | +€2,281 | +53.1% |
| Deferred charges and accrued income | 490/1 | €1,842 | €2,537 | +€695 | +37.7% |
| Total equity and liabilities | 10/49 | €24,923 | €34,655 | +€9,732 | +39.0% |
| Equity | 10/15 | €8,352 | €15,269 | +€6,917 | +82.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,661 | €17,661 | = | 0.0% |
| Distributable reserves | 133 | €17,661 | €17,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,509 | -€8,592 | +€6,917 | +44.6% |
| Amounts payable | 17/49 | €16,571 | €19,386 | +€2,815 | +17.0% |
| Amounts payable within one year | 42/48 | €15,671 | €18,886 | +€3,215 | +20.5% |
| Trade debts | 44 | €1,060 | €2,622 | +€1,562 | +147.5% |
| Suppliers | 440/4 | €1,060 | €2,622 | +€1,562 | +147.5% |
| Taxes, remuneration and social security | 45 | €14,611 | €16,264 | +€1,653 | +11.3% |
| Taxes | 450/3 | €14,611 | €16,264 | +€1,653 | +11.3% |
| Accrued charges and deferred income | 492/3 | €900 | €500 | -€400 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €1,324 | +€392 | +42.1% |
| Other operating charges | 640/8 | €1,791 | €1,419 | -€372 | -20.8% |
| Gross operating margin | 9900 | €16,496 | €17,239 | +€743 | +4.5% |
| Operating profit (loss) | 9901 | €13,773 | €14,496 | +€723 | +5.3% |
| Financial income | 75/76B | €102 | €402 | +€299 | +292.3% |
| Recurring financial income | 75 | €102 | €402 | +€299 | +292.3% |
| Financial charges | 65/66B | €299 | €207 | -€92 | -30.7% |
| Recurring financial charges | 65 | €299 | €207 | -€92 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €13,576 | €14,690 | +€1,114 | +8.2% |
| Income taxes | 67/77 | €7,759 | €7,773 | +€14 | +0.2% |
| Profit (loss) for the period | 9904 | €5,817 | €6,917 | +€1,100 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,817 | €6,917 | +€1,100 | +18.9% |
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 9 October 2026 via checked.be.