ELLIBS: what changed
Two fiscal 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.
ELLIBS
Largest movements
- Cash -€61,458
down €61,458 (-40.5%), from €151,905 to €90,447
mainly Net result for the year (-€78,871) and Other debts (-€5,507)
- Tangible fixed assets -€13,221
down €13,221 (-54.5%), from €24,271 to €11,049
- Receivables within one year -€9,195
down €9,195 (-49.2%), from €18,675 to €9,480
of which Other amounts receivable: -€4,781
- Profit (loss) carried forward -€45,726
new in 2025: -€45,726
- Reserves -€33,145
down €33,145 (-21.4%), from €154,926 to €121,781
of which Distributable reserves: -€33,145
- Other debts -€5,507
down €5,507 (-16.1%), from €34,267 to €28,759
- Gross operating margin -€144,446
down €144,446, from €77,874 to -€66,571
- Taxes -€20,486
down €20,486 (-98.2%), from €20,871 to €385
- Financial income +€2,229
up €2,229 (+48245.2%), from €5 to €2,234
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 | €197,010 | €113,540 | -€83,471 | -42.4% |
| Fixed assets | 21/28 | €24,321 | €11,099 | -€13,221 | -54.4% |
| Tangible fixed assets | 22/27 | €24,271 | €11,049 | -€13,221 | -54.5% |
| Furniture and vehicles | 24 | €24,271 | €11,049 | -€13,221 | -54.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €172,690 | €102,440 | -€70,250 | -40.7% |
| Stocks and contracts in progress | 3 | - | €268 | +€268 | |
| Stocks | 30/36 | - | €268 | +€268 | |
| Amounts receivable within one year | 40/41 | €18,675 | €9,480 | -€9,195 | -49.2% |
| Trade receivables | 40 | €6,116 | €1,702 | -€4,414 | -72.2% |
| Other amounts receivable | 41 | €12,559 | €7,778 | -€4,781 | -38.1% |
| Cash at bank and in hand | 54/58 | €151,905 | €90,447 | -€61,458 | -40.5% |
| Deferred charges and accrued income | 490/1 | €2,110 | €2,245 | +€135 | +6.4% |
| Total equity and liabilities | 10/49 | €197,010 | €113,540 | -€83,471 | -42.4% |
| Equity | 10/15 | €161,126 | €82,255 | -€78,871 | -48.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,926 | €121,781 | -€33,145 | -21.4% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Distributable reserves | 133 | €133,876 | €100,731 | -€33,145 | -24.8% |
| Profit (loss) carried forward | 14 | - | -€45,726 | -€45,726 | |
| Amounts payable | 17/49 | €35,884 | €31,284 | -€4,600 | -12.8% |
| Amounts payable within one year | 42/48 | €35,884 | €31,284 | -€4,600 | -12.8% |
| Trade debts | 44 | €1,618 | €2,359 | +€741 | +45.8% |
| Suppliers | 440/4 | €1,618 | €2,359 | +€741 | +45.8% |
| Taxes, remuneration and social security | 45 | - | €166 | +€166 | |
| Taxes | 450/3 | - | €166 | +€166 | |
| Other amounts payable | 47/48 | €34,267 | €28,759 | -€5,507 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,859 | €13,221 | +€362 | +2.8% |
| Other operating charges | 640/8 | €780 | €693 | -€87 | -11.2% |
| Gross operating margin | 9900 | €77,874 | -€66,571 | -€144,446 | |
| Operating profit (loss) | 9901 | €64,235 | -€80,485 | -€144,721 | |
| Financial income | 75/76B | €5 | €2,234 | +€2,229 | +48245.2% |
| Recurring financial income | 75 | €5 | €2,234 | +€2,229 | +48245.2% |
| Financial charges | 65/66B | €190 | €234 | +€44 | +23.0% |
| Recurring financial charges | 65 | €190 | €234 | +€44 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €64,050 | -€78,486 | -€142,536 | |
| Income taxes | 67/77 | €20,871 | €385 | -€20,486 | -98.2% |
| Profit (loss) for the period | 9904 | €43,179 | -€78,871 | -€122,050 | |
| Transfer to tax-exempt reserves | 689 | €21,050 | - | -€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,129 | -€78,871 | -€101,000 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.