ELLI INVEST: what changed
ELLI INVEST
Largest movements
- Tangible fixed assets -€39,158
down €39,158 (-4.7%), from €825,467 to €786,309
of which Land and buildings: -€42,479
- Cash +€13,936
up €13,936 (+7,400%), from €188 to €14,124
mainly Depreciation (+€42,518) and Net result for the year (+€33,339)
- Debts after one year -€50,679
down €50,679 (-5.8%), from €879,849 to €829,170
- Profit (loss) carried forward +€33,339
up €33,339 (+21.3%), from -€156,325 to -€122,985
- Other operating charges -€102,660
down €102,660 (-96.0%), from €106,908 to €4,247
- Gross operating margin +€68,172
up €68,172 (+185%), from €36,883 to €105,055
- Financial charges -€10,372
down €10,372 (-29.4%), from €35,323 to €24,951
- Depreciation -€8,459
down €8,459 (-16.6%), from €50,977 to €42,518
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €826,105 | €800,486 | -€25,619 | -3.1% |
| Fixed assets | 21/28 | €825,467 | €786,309 | -€39,158 | -4.7% |
| Tangible fixed assets | 22/27 | €825,467 | €786,309 | -€39,158 | -4.7% |
| Land and buildings | 22 | €825,467 | €782,989 | -€42,479 | -5.1% |
| Plant, machinery and equipment | 23 | - | €3,321 | +€3,321 | |
| Current assets | 29/58 | €638 | €14,177 | +€13,539 | +2,122% |
| Amounts receivable within one year | 40/41 | €450 | €0 | -€450 | -100% |
| Other amounts receivable | 41 | €450 | €0 | -€450 | -100% |
| Cash at bank and in hand | 54/58 | €188 | €14,124 | +€13,936 | +7,400% |
| Deferred charges and accrued income | 490/1 | - | €53 | +€53 | |
| Total equity and liabilities | 10/49 | €826,105 | €800,486 | -€25,619 | -3.1% |
| Equity | 10/15 | -€106,325 | -€72,985 | +€33,339 | +31.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,325 | -€122,985 | +€33,339 | +21.3% |
| Amounts payable | 17/49 | €932,430 | €873,472 | -€58,958 | -6.3% |
| Amounts payable after more than one year | 17 | €879,849 | €829,170 | -€50,679 | -5.8% |
| Financial debts | 170/4 | €879,849 | €829,170 | -€50,679 | -5.8% |
| Amounts payable within one year | 42/48 | €48,031 | €41,208 | -€6,824 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €34,408 | €35,822 | +€1,414 | +4.1% |
| Trade debts | 44 | €3,088 | €169 | -€2,918 | -94.5% |
| Suppliers | 440/4 | €3,088 | €169 | -€2,918 | -94.5% |
| Other amounts payable | 47/48 | €10,536 | €5,216 | -€5,320 | -50.5% |
| Accrued charges and deferred income | 492/3 | €4,550 | €3,094 | -€1,456 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,977 | €42,518 | -€8,459 | -16.6% |
| Other operating charges | 640/8 | €106,908 | €4,247 | -€102,660 | -96.0% |
| Gross operating margin | 9900 | €36,883 | €105,055 | +€68,172 | +185% |
| Operating profit (loss) | 9901 | -€121,002 | €58,290 | +€179,292 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €35,323 | €24,951 | -€10,372 | -29.4% |
| Recurring financial charges | 65 | €35,323 | €24,951 | -€10,372 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€156,325 | €33,339 | +€189,664 | |
| Profit (loss) for the period | 9904 | -€156,325 | €33,339 | +€189,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€156,325 | €33,339 | +€189,664 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.