ELLIE: 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.
ELLIE
Largest movements
- Cash +€387,969
up €387,969 (+18493.4%), from €2,098 to €390,067
mainly Net result for the year (+€224,739) and Accrued charges and deferred income (+€167,000)
- Tangible fixed assets +€144,221
up €144,221 (+10.9%), from €1.3m to €1.5m
of which Land and buildings: +€146,521
- Profit (loss) carried forward +€224,739
up €224,739 (+147.5%), from €152,320 to €377,058
- Accrued charges and deferred income +€167,000
new in 2025: €167,000
- Debts after one year +€108,206
up €108,206 (+29.2%), from €370,988 to €479,194
- Tax, wage and social debts +€68,974
up €68,974 (+862.5%), from €7,997 to €76,972
of which Taxes: +€68,942
- Other debts -€54,546
down €54,546 (-9.1%), from €597,326 to €542,780
- Gross operating margin +€335,957
up €335,957 (+455.0%), from €73,837 to €409,794
- Taxes +€62,093
up €62,093 (+6171.7%), from €1,006 to €63,099
- Financial charges +€19,449
up €19,449 (+76.5%), from €25,419 to €44,868
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 | €1,335,066 | €1,868,896 | +€533,830 | +40.0% |
| Fixed assets | 21/28 | €1,328,540 | €1,472,762 | +€144,221 | +10.9% |
| Tangible fixed assets | 22/27 | €1,328,540 | €1,472,762 | +€144,221 | +10.9% |
| Land and buildings | 22 | €1,271,824 | €1,418,345 | +€146,521 | +11.5% |
| Plant, machinery and equipment | 23 | €50,950 | €49,442 | -€1,508 | -3.0% |
| Furniture and vehicles | 24 | €2,766 | €1,975 | -€792 | -28.6% |
| Other tangible fixed assets | 26 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €6,525 | €396,134 | +€389,609 | +5970.6% |
| Amounts receivable within one year | 40/41 | €4,398 | €875 | -€3,522 | -80.1% |
| Trade receivables | 40 | €4,398 | €875 | -€3,522 | -80.1% |
| Current investments | 50/53 | €30 | €30 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,098 | €390,067 | +€387,969 | +18493.4% |
| Deferred charges and accrued income | 490/1 | - | €5,162 | +€5,162 | |
| Total equity and liabilities | 10/49 | €1,335,066 | €1,868,896 | +€533,830 | +40.0% |
| Equity | 10/15 | €271,806 | €496,545 | +€224,739 | +82.7% |
| Contributions | 10/11 | €119,486 | €119,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,320 | €377,058 | +€224,739 | +147.5% |
| Amounts payable | 17/49 | €1,063,260 | €1,372,351 | +€309,092 | +29.1% |
| Amounts payable after more than one year | 17 | €370,988 | €479,194 | +€108,206 | +29.2% |
| Financial debts | 170/4 | €370,988 | €479,194 | +€108,206 | +29.2% |
| Amounts payable within one year | 42/48 | €692,272 | €726,157 | +€33,885 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €72,614 | €76,794 | +€4,179 | +5.8% |
| Financial debts | 43 | €1,663 | - | -€1,663 | |
| Credit institutions | 430/8 | €1,663 | - | -€1,663 | |
| Trade debts | 44 | €12,671 | €29,612 | +€16,941 | +133.7% |
| Suppliers | 440/4 | €12,671 | €29,612 | +€16,941 | +133.7% |
| Taxes, remuneration and social security | 45 | €7,997 | €76,972 | +€68,974 | +862.5% |
| Taxes | 450/3 | €6,013 | €74,955 | +€68,942 | +1146.6% |
| Remuneration and social security | 454/9 | €1,985 | €2,016 | +€32 | +1.6% |
| Other amounts payable | 47/48 | €597,326 | €542,780 | -€54,546 | -9.1% |
| Accrued charges and deferred income | 492/3 | - | €167,000 | +€167,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,135 | €62,401 | -€734 | -1.2% |
| Other operating charges | 640/8 | €14,288 | €14,743 | +€455 | +3.2% |
| Gross operating margin | 9900 | €73,837 | €409,794 | +€335,957 | +455.0% |
| Operating profit (loss) | 9901 | -€3,586 | €332,650 | +€336,236 | |
| Financial income | 75/76B | €236 | €56 | -€180 | -76.4% |
| Recurring financial income | 75 | €236 | €56 | -€180 | -76.4% |
| Financial charges | 65/66B | €25,419 | €44,868 | +€19,449 | +76.5% |
| Recurring financial charges | 65 | €25,419 | €44,868 | +€19,449 | +76.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,769 | €287,838 | +€316,607 | |
| Income taxes | 67/77 | €1,006 | €63,099 | +€62,093 | +6171.7% |
| Profit (loss) for the period | 9904 | -€29,775 | €224,739 | +€254,513 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,775 | €224,739 | +€254,513 |
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 6 October 2026 via checked.be.