Ellivennos: 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.
Ellivennos
Largest movements
- Financial fixed assets +€108,760
up €108,760 (+2,395%), from €4,540 to €113,300
- Cash -€74,616
down €74,616 (-64.0%), from €116,661 to €42,046
mainly Investment in fixed assets (net) (-€116,811) and Other debts (-€13,828)
- Trade debts +€23,535
up €23,535 (+72.0%), from €32,691 to €56,226
- Reserves +€20,033
up €20,033 (+20.1%), from €99,581 to €119,614
- Other debts -€13,828
down €13,828 (-51.1%), from €27,060 to €13,232
- Current portion of long-term debt +€7,987
up €7,987 (+206%), from €3,869 to €11,856
- Tax, wage and social debts -€5,904
down €5,904 (-22.0%), from €26,895 to €20,991
of which Taxes: -€13,651
- Staff costs +€9,445
up €9,445 (+28.2%), from €33,468 to €42,913
- Depreciation -€7,657
down €7,657 (-43.8%), from €17,467 to €9,810
- Gross operating margin -€5,835
down €5,835 (-6.3%), from €92,935 to €87,101
- Financial income +€2,884
up €2,884 (+56,111%), from €5 to €2,889
- Taxes -€1,567
down €1,567 (-18.6%), from €8,435 to €6,868
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 | €208,798 | €239,204 | +€30,405 | +14.6% |
| Fixed assets | 21/28 | €36,960 | €143,961 | +€107,001 | +290% |
| Tangible fixed assets | 22/27 | €32,420 | €30,661 | -€1,759 | -5.4% |
| Plant, machinery and equipment | 23 | €18,871 | €14,091 | -€4,780 | -25.3% |
| Furniture and vehicles | 24 | €8,836 | €13,275 | +€4,439 | +50.2% |
| Other tangible fixed assets | 26 | €4,713 | €3,296 | -€1,418 | -30.1% |
| Financial fixed assets | 28 | €4,540 | €113,300 | +€108,760 | +2,395% |
| Current assets | 29/58 | €171,839 | €95,243 | -€76,596 | -44.6% |
| Amounts receivable within one year | 40/41 | €50,241 | €49,654 | -€587 | -1.2% |
| Trade receivables | 40 | €45,218 | €28,882 | -€16,336 | -36.1% |
| Other amounts receivable | 41 | €5,023 | €20,772 | +€15,749 | +314% |
| Cash at bank and in hand | 54/58 | €116,661 | €42,046 | -€74,616 | -64.0% |
| Deferred charges and accrued income | 490/1 | €4,937 | €3,543 | -€1,393 | -28.2% |
| Total equity and liabilities | 10/49 | €208,798 | €239,204 | +€30,405 | +14.6% |
| Equity | 10/15 | €104,581 | €124,614 | +€20,033 | +19.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,581 | €119,614 | +€20,033 | +20.1% |
| Distributable reserves | 133 | €99,581 | €119,614 | +€20,033 | +20.1% |
| Amounts payable | 17/49 | €104,217 | €114,589 | +€10,372 | +10.0% |
| Amounts payable after more than one year | 17 | €13,702 | €12,285 | -€1,417 | -10.3% |
| Financial debts | 170/4 | €13,702 | €12,285 | -€1,417 | -10.3% |
| Amounts payable within one year | 42/48 | €90,515 | €102,304 | +€11,789 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €3,869 | €11,856 | +€7,987 | +206% |
| Trade debts | 44 | €32,691 | €56,226 | +€23,535 | +72.0% |
| Suppliers | 440/4 | €32,691 | €56,226 | +€23,535 | +72.0% |
| Taxes, remuneration and social security | 45 | €26,895 | €20,991 | -€5,904 | -22.0% |
| Taxes | 450/3 | €22,086 | €8,435 | -€13,651 | -61.8% |
| Remuneration and social security | 454/9 | €4,809 | €12,556 | +€7,747 | +161% |
| Other amounts payable | 47/48 | €27,060 | €13,232 | -€13,828 | -51.1% |
| Remuneration, social security and pensions | 62 | €33,468 | €42,913 | +€9,445 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,467 | €9,810 | -€7,657 | -43.8% |
| Other operating charges | 640/8 | €1,618 | €1,664 | +€46 | +2.8% |
| Non-recurring operating charges | 66A | €7,555 | €5,372 | -€2,182 | -28.9% |
| Gross operating margin | 9900 | €92,935 | €87,101 | -€5,835 | -6.3% |
| Operating profit (loss) | 9901 | €32,828 | €27,341 | -€5,487 | -16.7% |
| Financial income | 75/76B | €5 | €2,889 | +€2,884 | +56,111% |
| Recurring financial income | 75 | €5 | €2,889 | +€2,884 | +56,111% |
| Financial charges | 65/66B | €2,968 | €3,330 | +€361 | +12.2% |
| Recurring financial charges | 65 | €2,968 | €3,330 | +€361 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €29,865 | €26,901 | -€2,964 | -9.9% |
| Income taxes | 67/77 | €8,435 | €6,868 | -€1,567 | -18.6% |
| Profit (loss) for the period | 9904 | €21,430 | €20,033 | -€1,397 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,430 | €20,033 | -€1,397 | -6.5% |
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 28 October 2026 via checked.be.