ELLICARS: 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.
ELLICARS
Largest movements
- Receivables within one year -€53,790
down €53,790 (-65.9%), from €81,629 to €27,839
of which Trade receivables: -€42,631
- Cash +€53,334
up €53,334 (+43.7%), from €122,104 to €175,437
mainly Other debts (+€61,180) and Receivables within one year (+€53,790)
- Tangible fixed assets -€38,734
down €38,734 (-6.3%), from €617,477 to €578,742
of which Land and buildings: -€20,313
- Stocks and contracts -€27,425
down €27,425 (-2.3%), from €1.2m to €1.2m
- Debts after one year -€65,607
down €65,607 (-4.2%), from €1.6m to €1.5m
- Other debts +€61,180
up €61,180 (+747.9%), from €8,180 to €69,360
- Trade debts -€33,432
down €33,432 (-37.5%), from €89,045 to €55,613
- Reserves -€22,484
down €22,484 (-7.7%), from €293,440 to €270,956
- Gross operating margin +€22,502
up €22,502 (+16.2%), from €139,161 to €161,663
- Taxes +€8,988
up €8,988 (+1198.6%), from €750 to €9,738
- Financial charges +€6,885
up €6,885 (+11.8%), from €58,314 to €65,199
- Other operating charges -€3,801
down €3,801 (-40.8%), from €9,327 to €5,526
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 | €2,042,147 | €1,976,844 | -€65,303 | -3.2% |
| Fixed assets | 21/28 | €617,977 | €579,242 | -€38,734 | -6.3% |
| Tangible fixed assets | 22/27 | €617,477 | €578,742 | -€38,734 | -6.3% |
| Land and buildings | 22 | €579,782 | €559,469 | -€20,313 | -3.5% |
| Plant, machinery and equipment | 23 | €17,239 | €12,592 | -€4,647 | -27.0% |
| Furniture and vehicles | 24 | €20,456 | €6,681 | -€13,775 | -67.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,424,170 | €1,397,601 | -€26,568 | -1.9% |
| Stocks and contracts in progress | 3 | €1,209,808 | €1,182,383 | -€27,425 | -2.3% |
| Stocks | 30/36 | €1,209,808 | €1,182,383 | -€27,425 | -2.3% |
| Amounts receivable within one year | 40/41 | €81,629 | €27,839 | -€53,790 | -65.9% |
| Trade receivables | 40 | €57,699 | €15,068 | -€42,631 | -73.9% |
| Other amounts receivable | 41 | €23,930 | €12,772 | -€11,159 | -46.6% |
| Cash at bank and in hand | 54/58 | €122,104 | €175,437 | +€53,334 | +43.7% |
| Deferred charges and accrued income | 490/1 | €10,629 | €11,942 | +€1,313 | +12.4% |
| Total equity and liabilities | 10/49 | €2,042,147 | €1,976,844 | -€65,303 | -3.2% |
| Equity | 10/15 | €313,440 | €290,956 | -€22,484 | -7.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €293,440 | €270,956 | -€22,484 | -7.7% |
| Distributable reserves | 133 | €293,440 | €270,956 | -€22,484 | -7.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,728,706 | €1,685,887 | -€42,819 | -2.5% |
| Amounts payable after more than one year | 17 | €1,567,923 | €1,502,316 | -€65,607 | -4.2% |
| Financial debts | 170/4 | €1,567,923 | €1,502,316 | -€65,607 | -4.2% |
| Amounts payable within one year | 42/48 | €160,783 | €183,572 | +€22,789 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €45,650 | €40,607 | -€5,042 | -11.0% |
| Trade debts | 44 | €89,045 | €55,613 | -€33,432 | -37.5% |
| Suppliers | 440/4 | €89,045 | €55,613 | -€33,432 | -37.5% |
| Advances received on contracts in progress | 46 | €0 | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €17,908 | €16,991 | -€917 | -5.1% |
| Taxes | 450/3 | €17,908 | €16,991 | -€917 | -5.1% |
| Other amounts payable | 47/48 | €8,180 | €69,360 | +€61,180 | +747.9% |
| Remuneration, social security and pensions | 62 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,533 | €42,817 | +€284 | +0.7% |
| Other operating charges | 640/8 | €9,327 | €5,526 | -€3,801 | -40.8% |
| Non-recurring operating charges | 66A | €24,244 | €0 | -€24,244 | -100.0% |
| Gross operating margin | 9900 | €139,161 | €161,663 | +€22,502 | +16.2% |
| Operating profit (loss) | 9901 | €63,057 | €113,303 | +€50,246 | +79.7% |
| Financial income | 75/76B | €17 | €0 | -€17 | -98.5% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -98.5% |
| Financial charges | 65/66B | €58,314 | €65,199 | +€6,885 | +11.8% |
| Recurring financial charges | 65 | €58,314 | €65,199 | +€6,885 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €4,760 | €48,104 | +€43,344 | +910.6% |
| Income taxes | 67/77 | €750 | €9,738 | +€8,988 | +1198.6% |
| Profit (loss) for the period | 9904 | €4,010 | €38,366 | +€34,356 | +856.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,010 | €38,366 | +€34,356 | +856.7% |
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 10 October 2026 via checked.be.