ELLION: 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.
ELLION
Largest movements
- Cash +€115,253
up €115,253 (+365.7%), from €31,517 to €146,770
mainly Net result for the year (+€348,391) and Depreciation (+€142,055)
- Receivables within one year +€82,712
up €82,712 (+9.7%), from €857,075 to €939,787
of which Trade receivables: +€283,820
- Intangible fixed assets +€73,371
up €73,371 (+208.6%), from €35,165 to €108,536
- Tangible fixed assets +€57,307
up €57,307 (+12.4%), from €463,038 to €520,346
of which Furniture and vehicles: +€57,694
- Deferred charges and accrued income -€35,576
down €35,576 (-42.3%), from €84,170 to €48,594
- Profit (loss) carried forward +€348,391
up €348,391 (+222.3%), from €156,752 to €505,144
- Debts after one year -€188,256
down €188,256 (-31.9%), from €590,335 to €402,079
- Short-term financial debts +€64,156
new in 2025: €64,156
of which Other loans: +€55,750
- Tax, wage and social debts +€57,365
up €57,365 (+14.5%), from €395,149 to €452,514
of which Remuneration and social security: +€41,758
- Gross operating margin +€875,084
up €875,084 (+37.1%), from €2.4m to €3.2m
- Staff costs +€433,697
up €433,697 (+20.7%), from €2.1m to €2.5m
- Taxes +€77,002
up €77,002 (+108.2%), from €71,152 to €148,154
- Depreciation +€39,976
up €39,976 (+39.2%), from €102,079 to €142,055
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 | €1,475,465 | €1,768,931 | +€293,465 | +19.9% |
| Fixed assets | 21/28 | €502,703 | €633,780 | +€131,076 | +26.1% |
| Intangible fixed assets | 21 | €35,165 | €108,536 | +€73,371 | +208.6% |
| Tangible fixed assets | 22/27 | €463,038 | €520,346 | +€57,307 | +12.4% |
| Plant, machinery and equipment | 23 | €1,839 | €1,452 | -€387 | -21.0% |
| Furniture and vehicles | 24 | €461,199 | €518,893 | +€57,694 | +12.5% |
| Financial fixed assets | 28 | €4,500 | €4,898 | +€398 | +8.9% |
| Current assets | 29/58 | €972,762 | €1,135,151 | +€162,389 | +16.7% |
| Amounts receivable within one year | 40/41 | €857,075 | €939,787 | +€82,712 | +9.7% |
| Trade receivables | 40 | €655,967 | €939,787 | +€283,820 | +43.3% |
| Other amounts receivable | 41 | €201,108 | - | -€201,108 | |
| Cash at bank and in hand | 54/58 | €31,517 | €146,770 | +€115,253 | +365.7% |
| Deferred charges and accrued income | 490/1 | €84,170 | €48,594 | -€35,576 | -42.3% |
| Total equity and liabilities | 10/49 | €1,475,465 | €1,768,931 | +€293,465 | +19.9% |
| Equity | 10/15 | €166,752 | €515,144 | +€348,391 | +208.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,752 | €505,144 | +€348,391 | +222.3% |
| Amounts payable | 17/49 | €1,308,713 | €1,253,787 | -€54,926 | -4.2% |
| Amounts payable after more than one year | 17 | €590,335 | €402,079 | -€188,256 | -31.9% |
| Financial debts | 170/4 | €590,335 | €402,079 | -€188,256 | -31.9% |
| Amounts payable within one year | 42/48 | €718,378 | €851,708 | +€133,330 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €142,458 | €153,582 | +€11,124 | +7.8% |
| Financial debts | 43 | - | €64,156 | +€64,156 | |
| Credit institutions | 430/8 | - | €8,406 | +€8,406 | |
| Other loans | 439 | - | €55,750 | +€55,750 | |
| Trade debts | 44 | €163,863 | €181,456 | +€17,593 | +10.7% |
| Suppliers | 440/4 | €163,863 | €181,456 | +€17,593 | +10.7% |
| Taxes, remuneration and social security | 45 | €395,149 | €452,514 | +€57,365 | +14.5% |
| Taxes | 450/3 | €159,902 | €175,510 | +€15,608 | +9.8% |
| Remuneration and social security | 454/9 | €235,247 | €277,005 | +€41,758 | +17.8% |
| Other amounts payable | 47/48 | €16,908 | - | -€16,908 | |
| Non-recurring operating income | 76A | €23,479 | €12,387 | -€11,092 | -47.2% |
| Remuneration, social security and pensions | 62 | €2,093,093 | €2,526,790 | +€433,697 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,079 | €142,055 | +€39,976 | +39.2% |
| Other operating charges | 640/8 | €8,818 | €20,361 | +€11,543 | +130.9% |
| Gross operating margin | 9900 | €2,358,079 | €3,233,164 | +€875,084 | +37.1% |
| Operating profit (loss) | 9901 | €154,091 | €543,959 | +€389,868 | +253.0% |
| Financial income | 75/76B | €4,124 | €534 | -€3,590 | -87.1% |
| Recurring financial income | 75 | €4,124 | €534 | -€3,590 | -87.1% |
| Financial charges | 65/66B | €33,020 | €47,947 | +€14,927 | +45.2% |
| Recurring financial charges | 65 | €33,020 | €47,947 | +€14,927 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €125,194 | €496,545 | +€371,351 | +296.6% |
| Income taxes | 67/77 | €71,152 | €148,154 | +€77,002 | +108.2% |
| Profit (loss) for the period | 9904 | €54,043 | €348,391 | +€294,349 | +544.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,043 | €348,391 | +€294,349 | +544.7% |
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 8 October 2026 via checked.be.