ELLIEN: 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.
ELLIEN
Largest movements
- Current investments +€33,000
up €33,000 (+94.3%), from €35,000 to €68,000
- Tangible fixed assets +€23,481
up €23,481 (+38.2%), from €61,508 to €84,989
of which Other tangible fixed assets: +€31,221
- Receivables within one year +€21,948
up €21,948 (+49.6%), from €44,242 to €66,190
of which Trade receivables: +€17,298
- Cash -€14,496
down €14,496 (-6.3%), from €229,571 to €215,075
mainly Contributions, distributions and other (-€196,600) and Investment in fixed assets (net) (-€38,819)
- Other debts +€87,535
up €87,535 (+30.4%), from €288,334 to €375,869
- Tax, wage and social debts -€27,800
down €27,800 (-46.8%), from €59,348 to €31,548
of which Taxes: -€27,800
- Trade debts +€4,839
up €4,839 (+1,254%), from €386 to €5,225
- Gross operating margin -€56,710
down €56,710 (-17.3%), from €328,029 to €271,319
- Taxes -€16,284
down €16,284 (-21.1%), from €77,084 to €60,800
- Depreciation +€9,962
up €9,962 (+185%), from €5,376 to €15,338
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 | €371,917 | €437,449 | +€65,531 | +17.6% |
| Fixed assets | 21/28 | €61,598 | €85,079 | +€23,481 | +38.1% |
| Tangible fixed assets | 22/27 | €61,508 | €84,989 | +€23,481 | +38.2% |
| Furniture and vehicles | 24 | €57,033 | €49,294 | -€7,740 | -13.6% |
| Other tangible fixed assets | 26 | €4,475 | €35,696 | +€31,221 | +698% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €310,319 | €352,369 | +€42,050 | +13.6% |
| Amounts receivable within one year | 40/41 | €44,242 | €66,190 | +€21,948 | +49.6% |
| Trade receivables | 40 | €44,196 | €61,494 | +€17,298 | +39.1% |
| Other amounts receivable | 41 | €46 | €4,697 | +€4,651 | +10,104% |
| Current investments | 50/53 | €35,000 | €68,000 | +€33,000 | +94.3% |
| Cash at bank and in hand | 54/58 | €229,571 | €215,075 | -€14,496 | -6.3% |
| Deferred charges and accrued income | 490/1 | €1,506 | €3,104 | +€1,598 | +106% |
| Total equity and liabilities | 10/49 | €371,917 | €437,449 | +€65,531 | +17.6% |
| Equity | 10/15 | €21,649 | €20,482 | -€1,167 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,049 | €1,882 | -€1,167 | -38.3% |
| Distributable reserves | 133 | €3,049 | €1,882 | -€1,167 | -38.3% |
| Amounts payable | 17/49 | €350,268 | €416,966 | +€66,698 | +19.0% |
| Amounts payable within one year | 42/48 | €348,068 | €412,642 | +€64,574 | +18.6% |
| Trade debts | 44 | €386 | €5,225 | +€4,839 | +1,254% |
| Suppliers | 440/4 | €386 | €5,225 | +€4,839 | +1,254% |
| Taxes, remuneration and social security | 45 | €59,348 | €31,548 | -€27,800 | -46.8% |
| Taxes | 450/3 | €55,598 | €27,798 | -€27,800 | -50.0% |
| Remuneration and social security | 454/9 | €3,750 | €3,750 | = | 0.0% |
| Other amounts payable | 47/48 | €288,334 | €375,869 | +€87,535 | +30.4% |
| Accrued charges and deferred income | 492/3 | €2,201 | €4,324 | +€2,124 | +96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,376 | €15,338 | +€9,962 | +185% |
| Other operating charges | 640/8 | €1,543 | €771 | -€773 | -50.1% |
| Gross operating margin | 9900 | €328,029 | €271,319 | -€56,710 | -17.3% |
| Operating profit (loss) | 9901 | €321,110 | €255,210 | -€65,899 | -20.5% |
| Financial income | 75/76B | €640 | €1,126 | +€486 | +76.0% |
| Recurring financial income | 75 | €640 | €1,126 | +€486 | +76.0% |
| Financial charges | 65/66B | €113 | €103 | -€10 | -8.6% |
| Recurring financial charges | 65 | €113 | €103 | -€10 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €321,637 | €256,233 | -€65,404 | -20.3% |
| Income taxes | 67/77 | €77,084 | €60,800 | -€16,284 | -21.1% |
| Profit (loss) for the period | 9904 | €244,553 | €195,433 | -€49,120 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €244,553 | €195,433 | -€49,120 | -20.1% |
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 26 October 2026 via checked.be.