ElleZjo: 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.
ElleZjo
Largest movements
- Cash +€56,712
up €56,712 (+177%), from €32,012 to €88,724
mainly Other debts (+€52,072) and Net result for the year (+€41,442)
- Tangible fixed assets -€32,038
down €32,038 (-6.9%), from €462,447 to €430,409
of which Land and buildings: -€29,561
- Receivables within one year +€5,700
up €5,700 (+194%), from €2,942 to €8,642
of which Trade receivables: +€5,414
- Other debts +€52,072
up €52,072 (+119%), from €43,815 to €95,888
- Reserves -€19,036
down €19,036 (-100%), from €19,036 to €0
- Debts after one year -€13,749
down €13,749 (-3.3%), from €411,702 to €397,954
of which Financial debts: -€13,749
- Tax, wage and social debts +€12,066
up €12,066 (+494%), from €2,442 to €14,509
of which Taxes: +€10,824
- Gross operating margin +€24,966
up €24,966 (+27.6%), from €90,489 to €115,455
- Taxes +€11,113
up €11,113 (+2,565%), from €433 to €11,546
- Staff costs -€3,142
down €3,142 (-13.6%), from €23,184 to €20,042
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 | €499,805 | €531,157 | +€31,352 | +6.3% |
| Fixed assets | 21/28 | €462,447 | €430,409 | -€32,038 | -6.9% |
| Tangible fixed assets | 22/27 | €462,447 | €430,409 | -€32,038 | -6.9% |
| Land and buildings | 22 | €446,419 | €416,859 | -€29,561 | -6.6% |
| Plant, machinery and equipment | 23 | €13,411 | €11,712 | -€1,699 | -12.7% |
| Furniture and vehicles | 24 | €2,617 | €1,838 | -€779 | -29.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €37,358 | €100,749 | +€63,391 | +170% |
| Stocks and contracts in progress | 3 | €1,426 | €2,024 | +€598 | +41.9% |
| Stocks | 30/36 | €1,426 | €2,024 | +€598 | +41.9% |
| Amounts receivable within one year | 40/41 | €2,942 | €8,642 | +€5,700 | +194% |
| Trade receivables | 40 | €2,859 | €8,274 | +€5,414 | +189% |
| Other amounts receivable | 41 | €83 | €368 | +€285 | +344% |
| Cash at bank and in hand | 54/58 | €32,012 | €88,724 | +€56,712 | +177% |
| Deferred charges and accrued income | 490/1 | €977 | €1,358 | +€381 | +39.0% |
| Total equity and liabilities | 10/49 | €499,805 | €531,157 | +€31,352 | +6.3% |
| Equity | 10/15 | €24,036 | €5,000 | -€19,036 | -79.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,036 | €0 | -€19,036 | -100% |
| Distributable reserves | 133 | €19,036 | €0 | -€19,036 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €475,769 | €526,157 | +€50,388 | +10.6% |
| Amounts payable after more than one year | 17 | €411,702 | €397,954 | -€13,749 | -3.3% |
| Financial debts | 170/4 | €171,702 | €157,954 | -€13,749 | -8.0% |
| Other amounts payable | 178/9 | €240,000 | €240,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,066 | €128,204 | +€64,137 | +100% |
| Current portion of amounts payable after more than one year | 42 | €13,498 | €13,749 | +€251 | +1.9% |
| Trade debts | 44 | €4,311 | €4,059 | -€253 | -5.9% |
| Suppliers | 440/4 | €4,311 | €4,059 | -€253 | -5.9% |
| Taxes, remuneration and social security | 45 | €2,442 | €14,509 | +€12,066 | +494% |
| Taxes | 450/3 | €1,299 | €12,123 | +€10,824 | +833% |
| Remuneration and social security | 454/9 | €1,144 | €2,386 | +€1,242 | +109% |
| Other amounts payable | 47/48 | €43,815 | €95,888 | +€52,072 | +119% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €23,184 | €20,042 | -€3,142 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,498 | €34,508 | +€1,011 | +3.0% |
| Other operating charges | 640/8 | €2,363 | €2,379 | +€16 | +0.7% |
| Non-recurring operating charges | 66A | €1,674 | €0 | -€1,674 | -100% |
| Gross operating margin | 9900 | €90,489 | €115,455 | +€24,966 | +27.6% |
| Operating profit (loss) | 9901 | €29,770 | €58,525 | +€28,755 | +96.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,352 | €5,538 | +€186 | +3.5% |
| Recurring financial charges | 65 | €5,352 | €5,538 | +€186 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €24,418 | €52,988 | +€28,569 | +117% |
| Income taxes | 67/77 | €433 | €11,546 | +€11,113 | +2,565% |
| Profit (loss) for the period | 9904 | €23,985 | €41,442 | +€17,457 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,985 | €41,442 | +€17,457 | +72.8% |
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 16 October 2026 via checked.be.