ELLIT: 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.
ELLIT
Largest movements
- Stocks and contracts +€11,407
up €11,407 (+40.1%), from €28,468 to €39,875
- Tangible fixed assets +€1,159
up €1,159, from €0 to €1,159
of which Furniture and vehicles: +€1,159
- Cash -€901
down €901 (-15.3%), from €5,892 to €4,991
mainly Stocks and contracts (-€11,407) and Tax, wage and social debts (-€1,521)
- Deferred charges and accrued income +€594
new in 2025: €594
- Profit (loss) carried forward +€11,855
up €11,855 (+27.3%), from -€43,470 to -€31,615
- Short-term financial debts +€1,628
up €1,628 (+8.9%), from €18,357 to €19,985
- Tax, wage and social debts -€1,521
down €1,521 (-36.3%), from €4,184 to €2,664
- Trade debts +€523
up €523 (+3.9%), from €13,403 to €13,926
- Gross operating margin +€13,638
up €13,638 (+781%), from €1,746 to €15,383
- Other operating charges -€399
down €399 (-89.9%), from €444 to €45
- Financial charges -€205
down €205 (-5.7%), from €3,583 to €3,378
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 | €34,631 | €47,116 | +€12,485 | +36.1% |
| Fixed assets | 21/28 | €125 | €1,284 | +€1,159 | +927% |
| Tangible fixed assets | 22/27 | €0 | €1,159 | +€1,159 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €1,159 | +€1,159 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €34,506 | €45,832 | +€11,326 | +32.8% |
| Stocks and contracts in progress | 3 | €28,468 | €39,875 | +€11,407 | +40.1% |
| Stocks | 30/36 | €28,468 | €39,875 | +€11,407 | +40.1% |
| Amounts receivable within one year | 40/41 | €146 | €373 | +€227 | +155% |
| Trade receivables | 40 | €146 | €373 | +€227 | +155% |
| Cash at bank and in hand | 54/58 | €5,892 | €4,991 | -€901 | -15.3% |
| Deferred charges and accrued income | 490/1 | - | €594 | +€594 | |
| Total equity and liabilities | 10/49 | €34,631 | €47,116 | +€12,485 | +36.1% |
| Equity | 10/15 | -€4,436 | €7,419 | +€11,855 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,834 | €32,834 | = | 0.0% |
| Distributable reserves | 133 | €32,834 | €32,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,470 | -€31,615 | +€11,855 | +27.3% |
| Amounts payable | 17/49 | €39,067 | €39,697 | +€630 | +1.6% |
| Amounts payable within one year | 42/48 | €39,067 | €39,697 | +€630 | +1.6% |
| Financial debts | 43 | €18,357 | €19,985 | +€1,628 | +8.9% |
| Credit institutions | 430/8 | €18,357 | €19,985 | +€1,628 | +8.9% |
| Trade debts | 44 | €13,403 | €13,926 | +€523 | +3.9% |
| Suppliers | 440/4 | €13,403 | €13,926 | +€523 | +3.9% |
| Taxes, remuneration and social security | 45 | €4,184 | €2,664 | -€1,521 | -36.3% |
| Taxes | 450/3 | €4,184 | €2,664 | -€1,521 | -36.3% |
| Other amounts payable | 47/48 | €3,124 | €3,123 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €105 | +€105 | |
| Other operating charges | 640/8 | €444 | €45 | -€399 | -89.9% |
| Gross operating margin | 9900 | €1,746 | €15,383 | +€13,638 | +781% |
| Operating profit (loss) | 9901 | €1,302 | €15,233 | +€13,931 | +1,070% |
| Financial charges | 65/66B | €3,583 | €3,378 | -€205 | -5.7% |
| Recurring financial charges | 65 | €3,583 | €3,378 | -€205 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,281 | €11,855 | +€14,136 | |
| Profit (loss) for the period | 9904 | -€2,281 | €11,855 | +€14,136 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,281 | €11,855 | +€14,136 |
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 22 October 2026 via checked.be.