ELLINI: 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.
ELLINI
Largest movements
- Cash +€2,670
up €2,670 (+81.3%), from €3,283 to €5,954
mainly Other debts (+€5,000) and Tax, wage and social debts (+€3,430)
- Tangible fixed assets +€1,543
up €1,543, from €0 to €1,543
- Receivables within one year +€1,109
up €1,109 (+1.8%), from €60,713 to €61,822
of which Other amounts receivable: +€1,354
- Other debts +€5,000
new in 2025: €5,000
- Tax, wage and social debts +€3,430
up €3,430 (+75.4%), from €4,553 to €7,983
- Profit (loss) carried forward -€2,708
down €2,708 (-5.6%), from €48,727 to €46,019
- Gross operating margin -€6,645
down €6,645 (-52.1%), from €12,762 to €6,117
- Taxes -€1,937
down €1,937 (-51.8%), from €3,742 to €1,804
- Depreciation +€195
up €195 (+47.0%), from €415 to €610
- Other operating charges -€128
down €128 (-14.0%), from €915 to €787
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 | €68,889 | €73,879 | +€4,990 | +7.2% |
| Fixed assets | 21/28 | €977 | €2,271 | +€1,293 | +132.3% |
| Intangible fixed assets | 21 | €977 | €728 | -€250 | -25.6% |
| Tangible fixed assets | 22/27 | €0 | €1,543 | +€1,543 | |
| Furniture and vehicles | 24 | €0 | €1,543 | +€1,543 | |
| Current assets | 29/58 | €67,911 | €71,608 | +€3,697 | +5.4% |
| Amounts receivable within one year | 40/41 | €60,713 | €61,822 | +€1,109 | +1.8% |
| Trade receivables | 40 | €17,394 | €17,148 | -€245 | -1.4% |
| Other amounts receivable | 41 | €43,319 | €44,674 | +€1,354 | +3.1% |
| Cash at bank and in hand | 54/58 | €3,283 | €5,954 | +€2,670 | +81.3% |
| Deferred charges and accrued income | 490/1 | €3,915 | €3,833 | -€82 | -2.1% |
| Total equity and liabilities | 10/49 | €68,889 | €73,879 | +€4,990 | +7.2% |
| Equity | 10/15 | €51,227 | €48,519 | -€2,708 | -5.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,727 | €46,019 | -€2,708 | -5.6% |
| Amounts payable | 17/49 | €17,662 | €25,360 | +€7,698 | +43.6% |
| Amounts payable within one year | 42/48 | €17,662 | €25,360 | +€7,698 | +43.6% |
| Trade debts | 44 | €13,109 | €12,377 | -€732 | -5.6% |
| Suppliers | 440/4 | €13,109 | €12,377 | -€732 | -5.6% |
| Taxes, remuneration and social security | 45 | €4,553 | €7,983 | +€3,430 | +75.4% |
| Taxes | 450/3 | €4,553 | €7,983 | +€3,430 | +75.4% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | €610 | +€195 | +47.0% |
| Other operating charges | 640/8 | €915 | €787 | -€128 | -14.0% |
| Gross operating margin | 9900 | €12,762 | €6,117 | -€6,645 | -52.1% |
| Operating profit (loss) | 9901 | €11,432 | €4,720 | -€6,712 | -58.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -10.6% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -10.6% |
| Financial charges | 65/66B | €698 | €625 | -€73 | -10.5% |
| Recurring financial charges | 65 | €698 | €625 | -€73 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €10,735 | €4,096 | -€6,639 | -61.8% |
| Income taxes | 67/77 | €3,742 | €1,804 | -€1,937 | -51.8% |
| Profit (loss) for the period | 9904 | €6,993 | €2,292 | -€4,702 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,993 | €2,292 | -€4,702 | -67.2% |
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 30 September 2026 via checked.be.