ELLO: 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.
ELLO
Largest movements
- Cash -€52,158
down €52,158 (-69.2%), from €75,424 to €23,266
mainly Investment in fixed assets (net) (-€47,809) and Current investments (-€30,050)
- Current investments +€30,050
up €30,050 (+1,227%), from €2,450 to €32,500
- Receivables within one year -€16,856
down €16,856 (-36.5%), from €46,232 to €29,376
- Reserves +€30,223
up €30,223 (+30.4%), from €99,511 to €129,734
- Debts after one year -€26,881
down €26,881 (-4.4%), from €605,005 to €578,124
- Trade debts -€23,866
down €23,866 (-71.8%), from €33,223 to €9,356
- Tax, wage and social debts -€23,145
down €23,145 (-46.7%), from €49,592 to €26,447
of which Taxes: -€25,939
- Profit (loss) carried forward +€15,793
up €15,793, from -€15,793 to €0
- Gross operating margin +€50,584
up €50,584 (+57.5%), from €88,017 to €138,601
- Depreciation -€36,968
down €36,968 (-42.4%), from €87,179 to €50,212
- Taxes +€20,778
up €20,778, from -€424 to €20,353
- Financial charges +€6,393
up €6,393 (+45.4%), from €14,088 to €20,481
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 | €997,288 | €956,820 | -€40,468 | -4.1% |
| Fixed assets | 21/28 | €866,664 | €864,261 | -€2,403 | -0.3% |
| Tangible fixed assets | 22/27 | €866,664 | €864,261 | -€2,403 | -0.3% |
| Land and buildings | 22 | €865,979 | €863,987 | -€1,992 | -0.2% |
| Plant, machinery and equipment | 23 | €685 | €274 | -€411 | -60.0% |
| Current assets | 29/58 | €130,624 | €92,559 | -€38,065 | -29.1% |
| Stocks and contracts in progress | 3 | €4,044 | €4,044 | = | 0.0% |
| Stocks | 30/36 | €4,044 | €4,044 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,232 | €29,376 | -€16,856 | -36.5% |
| Trade receivables | 40 | €46,232 | €29,376 | -€16,856 | -36.5% |
| Current investments | 50/53 | €2,450 | €32,500 | +€30,050 | +1,227% |
| Cash at bank and in hand | 54/58 | €75,424 | €23,266 | -€52,158 | -69.2% |
| Deferred charges and accrued income | 490/1 | €2,474 | €3,373 | +€899 | +36.4% |
| Total equity and liabilities | 10/49 | €997,288 | €956,820 | -€40,468 | -4.1% |
| Equity | 10/15 | €88,718 | €134,734 | +€46,016 | +51.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,511 | €129,734 | +€30,223 | +30.4% |
| Distributable reserves | 133 | €99,511 | €129,734 | +€30,223 | +30.4% |
| Profit (loss) carried forward | 14 | -€15,793 | €0 | +€15,793 | |
| Amounts payable | 17/49 | €908,570 | €822,086 | -€86,484 | -9.5% |
| Amounts payable after more than one year | 17 | €605,005 | €578,124 | -€26,881 | -4.4% |
| Financial debts | 170/4 | €605,005 | €578,124 | -€26,881 | -4.4% |
| Amounts payable within one year | 42/48 | €303,566 | €243,962 | -€59,603 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €26,053 | €26,881 | +€828 | +3.2% |
| Trade debts | 44 | €33,223 | €9,356 | -€23,866 | -71.8% |
| Suppliers | 440/4 | €33,223 | €9,356 | -€23,866 | -71.8% |
| Taxes, remuneration and social security | 45 | €49,592 | €26,447 | -€23,145 | -46.7% |
| Taxes | 450/3 | €46,658 | €20,719 | -€25,939 | -55.6% |
| Remuneration and social security | 454/9 | €2,934 | €5,728 | +€2,794 | +95.2% |
| Other amounts payable | 47/48 | €194,697 | €181,278 | -€13,420 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,179 | €50,212 | -€36,968 | -42.4% |
| Other operating charges | 640/8 | €2,967 | €1,950 | -€1,017 | -34.3% |
| Gross operating margin | 9900 | €88,017 | €138,601 | +€50,584 | +57.5% |
| Operating profit (loss) | 9901 | -€2,129 | €86,439 | +€88,568 | |
| Financial income | 75/76B | €0 | €412 | +€412 | |
| Recurring financial income | 75 | €0 | €412 | +€412 | |
| Financial charges | 65/66B | €14,088 | €20,481 | +€6,393 | +45.4% |
| Recurring financial charges | 65 | €14,088 | €20,481 | +€6,393 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,217 | €66,369 | +€82,587 | |
| Income taxes | 67/77 | -€424 | €20,353 | +€20,778 | |
| Profit (loss) for the period | 9904 | -€15,793 | €46,016 | +€61,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,793 | €46,016 | +€61,809 |
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 19 October 2026 via checked.be.