ELLINIKON: 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.
ELLINIKON
Largest movements
- Cash -€19,837
down €19,837 (-39.8%), from €49,820 to €29,983
mainly Net result for the year (-€18,253) and Trade debts (-€2,008)
- Receivables within one year -€803
down €803 (-15.6%), from €5,138 to €4,335
of which Other amounts receivable: -€1,500
- Deferred charges and accrued income +€724
new in 2025: €724
- Tangible fixed assets -€670
down €670 (-21.4%), from €3,128 to €2,458
- Profit (loss) carried forward -€18,253
down €18,253 (-53.6%), from €34,044 to €15,791
- Trade debts -€2,008
down €2,008 (-56.7%), from €3,541 to €1,533
- Tax, wage and social debts -€1,772
down €1,772 (-38.7%), from €4,573 to €2,801
of which Remuneration and social security: -€1,706
- Other debts +€1,506
new in 2025: €1,506
- Gross operating margin -€5,420
down €5,420 (-22.3%), from €24,332 to €18,911
- Other operating charges +€1,116
up €1,116 (+22.4%), from €4,981 to €6,097
- Staff costs +€916
up €916 (+3.1%), from €29,367 to €30,283
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 | €62,608 | €42,082 | -€20,526 | -32.8% |
| Fixed assets | 21/28 | €3,128 | €2,458 | -€670 | -21.4% |
| Tangible fixed assets | 22/27 | €3,128 | €2,458 | -€670 | -21.4% |
| Plant, machinery and equipment | 23 | €3,128 | €2,458 | -€670 | -21.4% |
| Current assets | 29/58 | €59,480 | €39,624 | -€19,856 | -33.4% |
| Stocks and contracts in progress | 3 | €4,522 | €4,582 | +€60 | +1.3% |
| Stocks | 30/36 | €4,522 | €4,582 | +€60 | +1.3% |
| Amounts receivable within one year | 40/41 | €5,138 | €4,335 | -€803 | -15.6% |
| Trade receivables | 40 | €2,138 | €2,835 | +€697 | +32.6% |
| Other amounts receivable | 41 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Cash at bank and in hand | 54/58 | €49,820 | €29,983 | -€19,837 | -39.8% |
| Deferred charges and accrued income | 490/1 | - | €724 | +€724 | |
| Total equity and liabilities | 10/49 | €62,608 | €42,082 | -€20,526 | -32.8% |
| Equity | 10/15 | €54,495 | €36,242 | -€18,253 | -33.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,044 | €15,791 | -€18,253 | -53.6% |
| Amounts payable | 17/49 | €8,113 | €5,840 | -€2,273 | -28.0% |
| Amounts payable within one year | 42/48 | €8,113 | €5,840 | -€2,273 | -28.0% |
| Trade debts | 44 | €3,541 | €1,533 | -€2,008 | -56.7% |
| Suppliers | 440/4 | €3,541 | €1,533 | -€2,008 | -56.7% |
| Taxes, remuneration and social security | 45 | €4,573 | €2,801 | -€1,772 | -38.7% |
| Taxes | 450/3 | €2,867 | €2,801 | -€66 | -2.3% |
| Remuneration and social security | 454/9 | €1,706 | - | -€1,706 | |
| Other amounts payable | 47/48 | - | €1,506 | +€1,506 | |
| Remuneration, social security and pensions | 62 | €29,367 | €30,283 | +€916 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €622 | €670 | +€48 | +7.7% |
| Other operating charges | 640/8 | €4,981 | €6,097 | +€1,116 | +22.4% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €24,332 | €18,911 | -€5,420 | -22.3% |
| Operating profit (loss) | 9901 | -€10,638 | -€18,138 | -€7,500 | -70.5% |
| Financial income | 75/76B | €145 | €8 | -€137 | -94.6% |
| Recurring financial income | 75 | €145 | €8 | -€137 | -94.6% |
| Financial charges | 65/66B | €154 | €123 | -€31 | -20.4% |
| Recurring financial charges | 65 | €154 | €123 | -€31 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,647 | -€18,253 | -€7,606 | -71.4% |
| Income taxes | 67/77 | €156 | - | -€156 | |
| Profit (loss) for the period | 9904 | -€10,803 | -€18,253 | -€7,450 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,803 | -€18,253 | -€7,450 | -69.0% |
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 21 October 2026 via checked.be.