ELLIS: 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.
ELLIS
Largest movements
- Receivables within one year -€147,173
down €147,173 (-100.0%), from €147,231 to €58
- Tangible fixed assets -€52,486
down €52,486 (-5.1%), from €1.0m to €971,080
- Cash +€26,305
up €26,305 (+41.7%), from €63,148 to €89,454
mainly Net result for the year (+€341,578) and Receivables within one year (+€147,173)
- Deferred charges and accrued income +€26,246
up €26,246 (+616%), from €4,262 to €30,508
- Other debts -€354,616
down €354,616 (-56.8%), from €624,713 to €270,097
- Reserves +€341,578
up €341,578 (+84.8%), from €402,886 to €744,464
of which Distributable reserves: +€341,578
- Current portion of long-term debt -€141,622
down €141,622 (-100%), from €141,622 to €0
- Taxes +€53,535
new in 2025: €53,535
- Gross operating margin +€28,593
up €28,593 (+5.8%), from €494,436 to €523,029
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 | €1,238,207 | €1,091,100 | -€147,108 | -11.9% |
| Fixed assets | 21/28 | €1,023,566 | €971,080 | -€52,486 | -5.1% |
| Tangible fixed assets | 22/27 | €1,023,566 | €971,080 | -€52,486 | -5.1% |
| Land and buildings | 22 | €1,023,566 | €971,080 | -€52,486 | -5.1% |
| Current assets | 29/58 | €214,641 | €120,020 | -€94,622 | -44.1% |
| Amounts receivable within one year | 40/41 | €147,231 | €58 | -€147,173 | -100.0% |
| Other amounts receivable | 41 | €147,231 | €58 | -€147,173 | -100.0% |
| Cash at bank and in hand | 54/58 | €63,148 | €89,454 | +€26,305 | +41.7% |
| Deferred charges and accrued income | 490/1 | €4,262 | €30,508 | +€26,246 | +616% |
| Total equity and liabilities | 10/49 | €1,238,207 | €1,091,100 | -€147,108 | -11.9% |
| Equity | 10/15 | €464,886 | €806,464 | +€341,578 | +73.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €402,886 | €744,464 | +€341,578 | +84.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €396,686 | €738,264 | +€341,578 | +86.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €773,321 | €284,635 | -€488,686 | -63.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €773,321 | €274,004 | -€499,317 | -64.6% |
| Current portion of amounts payable after more than one year | 42 | €141,622 | €0 | -€141,622 | -100% |
| Trade debts | 44 | €1,977 | €372 | -€1,605 | -81.2% |
| Suppliers | 440/4 | €1,977 | €372 | -€1,605 | -81.2% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100% |
| Taxes, remuneration and social security | 45 | €10 | €3,535 | +€3,525 | +35,142% |
| Taxes | 450/3 | €10 | €3,535 | +€3,525 | +35,142% |
| Other amounts payable | 47/48 | €624,713 | €270,097 | -€354,616 | -56.8% |
| Accrued charges and deferred income | 492/3 | €0 | €10,631 | +€10,631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,904 | €62,486 | +€3,583 | +6.1% |
| Other operating charges | 640/8 | €41,767 | €42,896 | +€1,129 | +2.7% |
| Gross operating margin | 9900 | €494,436 | €523,029 | +€28,593 | +5.8% |
| Operating profit (loss) | 9901 | €393,765 | €417,647 | +€23,882 | +6.1% |
| Financial income | 75/76B | €1,082 | €0 | -€1,082 | -100% |
| Recurring financial income | 75 | €1,082 | €0 | -€1,082 | -100% |
| Financial charges | 65/66B | €19,860 | €22,535 | +€2,675 | +13.5% |
| Recurring financial charges | 65 | €19,860 | €22,535 | +€2,675 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €374,988 | €395,113 | +€20,125 | +5.4% |
| Income taxes | 67/77 | - | €53,535 | +€53,535 | |
| Profit (loss) for the period | 9904 | €374,988 | €341,578 | -€33,410 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €374,988 | €341,578 | -€33,410 | -8.9% |
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 24 October 2026 via checked.be.