ELLITEC: 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.
ELLITEC
Largest movements
- Current investments -€35,000
down €35,000 (-18.9%), from €185,000 to €150,000
- Tangible fixed assets -€10,991
down €10,991 (-21.4%), from €51,338 to €40,347
of which Furniture and vehicles: -€10,418
- Cash -€4,093
down €4,093 (-12.6%), from €32,578 to €28,485
mainly Contributions, distributions and other (-€42,151) and Net result for the year (-€33,409)
- Reserves -€75,560
down €75,560 (-31.8%), from €237,923 to €162,364
- Other debts +€36,685
up €36,685 (+349%), from €10,513 to €47,198
- Tax, wage and social debts -€12,307
down €12,307 (-66.2%), from €18,595 to €6,288
- Gross operating margin -€78,209
down €78,209, from €74,820 to -€3,389
- Taxes -€23,347
no longer reported in 2025 (was €23,347)
- Financial charges +€22,315
up €22,315 (+5,359%), from €416 to €22,731
of which Non-recurring financial charges: +€22,248
- Depreciation +€6,001
up €6,001 (+120%), from €4,990 to €10,991
- Financial income +€942
up €942 (+27.1%), from €3,480 to €4,422
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 | €286,168 | €234,002 | -€52,166 | -18.2% |
| Fixed assets | 21/28 | €51,338 | €40,347 | -€10,991 | -21.4% |
| Tangible fixed assets | 22/27 | €51,338 | €40,347 | -€10,991 | -21.4% |
| Plant, machinery and equipment | 23 | €4,502 | €3,929 | -€573 | -12.7% |
| Furniture and vehicles | 24 | €46,836 | €36,418 | -€10,418 | -22.2% |
| Current assets | 29/58 | €234,830 | €193,655 | -€41,175 | -17.5% |
| Amounts receivable within one year | 40/41 | €17,252 | €15,170 | -€2,083 | -12.1% |
| Trade receivables | 40 | €17,252 | €73 | -€17,179 | -99.6% |
| Other amounts receivable | 41 | - | €15,097 | +€15,097 | |
| Current investments | 50/53 | €185,000 | €150,000 | -€35,000 | -18.9% |
| Cash at bank and in hand | 54/58 | €32,578 | €28,485 | -€4,093 | -12.6% |
| Total equity and liabilities | 10/49 | €286,168 | €234,002 | -€52,166 | -18.2% |
| Equity | 10/15 | €250,323 | €174,764 | -€75,560 | -30.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,923 | €162,364 | -€75,560 | -31.8% |
| Distributable reserves | 133 | €237,923 | €162,364 | -€75,560 | -31.8% |
| Amounts payable | 17/49 | €35,844 | €59,238 | +€23,394 | +65.3% |
| Amounts payable within one year | 42/48 | €35,844 | €59,238 | +€23,394 | +65.3% |
| Financial debts | 43 | €3,396 | €5,073 | +€1,677 | +49.4% |
| Credit institutions | 430/8 | €3,396 | €5,073 | +€1,677 | +49.4% |
| Trade debts | 44 | €3,341 | €679 | -€2,662 | -79.7% |
| Suppliers | 440/4 | €3,341 | €679 | -€2,662 | -79.7% |
| Taxes, remuneration and social security | 45 | €18,595 | €6,288 | -€12,307 | -66.2% |
| Taxes | 450/3 | €18,595 | €6,288 | -€12,307 | -66.2% |
| Other amounts payable | 47/48 | €10,513 | €47,198 | +€36,685 | +349% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,990 | €10,991 | +€6,001 | +120% |
| Other operating charges | 640/8 | €892 | €720 | -€172 | -19.3% |
| Non-recurring operating charges | 66A | €24 | - | -€24 | |
| Gross operating margin | 9900 | €74,820 | -€3,389 | -€78,209 | |
| Operating profit (loss) | 9901 | €68,914 | -€15,100 | -€84,013 | |
| Financial income | 75/76B | €3,480 | €4,422 | +€942 | +27.1% |
| Recurring financial income | 75 | €3,480 | €4,422 | +€942 | +27.1% |
| Financial charges | 65/66B | €416 | €22,731 | +€22,315 | +5,359% |
| Recurring financial charges | 65 | €416 | €483 | +€67 | +16.1% |
| Non-recurring financial charges | 66B | - | €22,248 | +€22,248 | |
| Profit (loss) for the period before taxes | 9903 | €71,977 | -€33,409 | -€105,386 | |
| Income taxes | 67/77 | €23,347 | - | -€23,347 | |
| Profit (loss) for the period | 9904 | €48,630 | -€33,409 | -€82,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,630 | -€33,409 | -€82,039 |
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.