ELLIPTIC: 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.
ELLIPTIC
Largest movements
- Cash -€24,186
down €24,186 (-29.7%), from €81,455 to €57,269
mainly Tax, wage and social debts (-€21,357) and Net result for the year (-€12,448)
- Financial fixed assets -€7,560
no longer reported in 2025 (was €7,560)
- Tangible fixed assets -€2,895
down €2,895 (-37.5%), from €7,729 to €4,834
of which Furniture and vehicles: -€1,649
- Receivables within one year +€1,878
up €1,878 (+150.2%), from €1,251 to €3,129
of which Trade receivables: +€1,164
- Deferred charges and accrued income -€1,592
no longer reported in 2025 (was €1,592)
- Tax, wage and social debts -€21,357
down €21,357 (-92.7%), from €23,039 to €1,681
- Profit (loss) carried forward -€12,448
new in 2025: -€12,448
- Other debts -€1,356
no longer reported in 2025 (was €1,356)
- Gross operating margin -€15,267
down €15,267, from €7,128 to -€8,139
- Taxes -€1,953
down €1,953, from €1,910 to -€43
- Financial income +€655
up €655 (+249.6%), from €262 to €917
- Other operating charges +€275
up €275 (+115.6%), from €238 to €514
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 | €99,586 | €65,232 | -€34,354 | -34.5% |
| Fixed assets | 21/28 | €15,289 | €4,834 | -€10,455 | -68.4% |
| Tangible fixed assets | 22/27 | €7,729 | €4,834 | -€2,895 | -37.5% |
| Plant, machinery and equipment | 23 | €1,897 | €1,246 | -€651 | -34.3% |
| Furniture and vehicles | 24 | €1,916 | €267 | -€1,649 | -86.1% |
| Other tangible fixed assets | 26 | €3,916 | €3,321 | -€595 | -15.2% |
| Financial fixed assets | 28 | €7,560 | - | -€7,560 | |
| Current assets | 29/58 | €84,297 | €60,398 | -€23,899 | -28.4% |
| Amounts receivable within one year | 40/41 | €1,251 | €3,129 | +€1,878 | +150.2% |
| Trade receivables | 40 | €1,251 | €2,415 | +€1,164 | +93.1% |
| Other amounts receivable | 41 | - | €714 | +€714 | |
| Cash at bank and in hand | 54/58 | €81,455 | €57,269 | -€24,186 | -29.7% |
| Deferred charges and accrued income | 490/1 | €1,592 | - | -€1,592 | |
| Total equity and liabilities | 10/49 | €99,586 | €65,232 | -€34,354 | -34.5% |
| Equity | 10/15 | €73,216 | €60,768 | -€12,448 | -17.0% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €66,549 | €66,549 | = | 0.0% |
| Distributable reserves | 133 | €66,549 | €66,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,448 | -€12,448 | |
| Amounts payable | 17/49 | €26,370 | €4,464 | -€21,906 | -83.1% |
| Amounts payable within one year | 42/48 | €26,370 | €4,464 | -€21,906 | -83.1% |
| Trade debts | 44 | €1,975 | €2,782 | +€807 | +40.9% |
| Suppliers | 440/4 | €1,975 | €2,782 | +€807 | +40.9% |
| Taxes, remuneration and social security | 45 | €23,039 | €1,681 | -€21,357 | -92.7% |
| Taxes | 450/3 | €23,039 | €1,681 | -€21,357 | -92.7% |
| Other amounts payable | 47/48 | €1,356 | - | -€1,356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,895 | €2,895 | = | 0.0% |
| Other operating charges | 640/8 | €238 | €514 | +€275 | +115.6% |
| Gross operating margin | 9900 | €7,128 | -€8,139 | -€15,267 | |
| Operating profit (loss) | 9901 | €3,995 | -€11,548 | -€15,542 | |
| Financial income | 75/76B | €262 | €917 | +€655 | +249.6% |
| Recurring financial income | 75 | €262 | €917 | +€655 | +249.6% |
| Financial charges | 65/66B | €1,937 | €1,861 | -€76 | -3.9% |
| Recurring financial charges | 65 | €1,937 | €1,861 | -€76 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €2,320 | -€12,491 | -€14,812 | |
| Income taxes | 67/77 | €1,910 | -€43 | -€1,953 | |
| Profit (loss) for the period | 9904 | €410 | -€12,448 | -€12,858 | |
| Profit (loss) for the period to be appropriated | 9905 | €410 | -€12,448 | -€12,858 |
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 29 September 2026 via checked.be.