ELLO HOLDING: 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 HOLDING
Largest movements
- Receivables within one year -€69,662
down €69,662 (-41.3%), from €168,854 to €99,192
of which Other amounts receivable: -€49,697
- Tangible fixed assets +€36,038
up €36,038 (+135%), from €26,647 to €62,685
of which Other tangible fixed assets: +€38,417
- Other debts +€249,495
up €249,495 (+174,998%), from €143 to €249,637
- Reserves -€175,713
down €175,713 (-14.3%), from €1.2m to €1.1m
of which Distributable reserves: -€175,713
- Debts after one year -€106,185
down €106,185 (-7.4%), from €1.4m to €1.3m
- Financial income -€971,989
down €971,989 (-96.3%), from €1.0m to €36,949
- Taxes -€86,871
down €86,871 (-95.2%), from €91,229 to €4,359
- Gross operating margin -€21,117
down €21,117 (-19.9%), from €106,066 to €84,949
- Financial charges -€17,196
down €17,196 (-20.1%), from €85,488 to €68,292
- Depreciation +€1,597
up €1,597 (+25.2%), from €6,329 to €7,925
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 | €2,916,109 | €2,904,981 | -€11,128 | -0.4% |
| Fixed assets | 21/28 | €2,626,647 | €2,663,185 | +€36,538 | +1.4% |
| Tangible fixed assets | 22/27 | €26,647 | €62,685 | +€36,038 | +135% |
| Plant, machinery and equipment | 23 | €11,787 | €8,710 | -€3,076 | -26.1% |
| Furniture and vehicles | 24 | €7,096 | €7,793 | +€697 | +9.8% |
| Other tangible fixed assets | 26 | €7,764 | €46,181 | +€38,417 | +495% |
| Financial fixed assets | 28 | €2,600,000 | €2,600,500 | +€500 | 0.0% |
| Current assets | 29/58 | €289,462 | €241,796 | -€47,666 | -16.5% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168,854 | €99,192 | -€69,662 | -41.3% |
| Trade receivables | 40 | €34,485 | €14,520 | -€19,965 | -57.9% |
| Other amounts receivable | 41 | €134,369 | €84,672 | -€49,697 | -37.0% |
| Cash at bank and in hand | 54/58 | €39,010 | €46,798 | +€7,788 | +20.0% |
| Deferred charges and accrued income | 490/1 | €1,599 | €15,806 | +€14,207 | +889% |
| Total equity and liabilities | 10/49 | €2,916,109 | €2,904,981 | -€11,128 | -0.4% |
| Equity | 10/15 | €1,244,822 | €1,069,109 | -€175,713 | -14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,232,422 | €1,056,709 | -€175,713 | -14.3% |
| Tax-exempt reserves | 132 | €4,244 | €4,244 | = | 0.0% |
| Distributable reserves | 133 | €1,228,179 | €1,052,465 | -€175,713 | -14.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,671,286 | €1,835,872 | +€164,585 | +9.8% |
| Amounts payable after more than one year | 17 | €1,442,858 | €1,336,672 | -€106,185 | -7.4% |
| Financial debts | 170/4 | €1,442,858 | €1,336,672 | -€106,185 | -7.4% |
| Amounts payable within one year | 42/48 | €228,429 | €499,199 | +€270,770 | +119% |
| Current portion of amounts payable after more than one year | 42 | €130,611 | €140,385 | +€9,774 | +7.5% |
| Financial debts | 43 | €1,688 | €0 | -€1,688 | -100% |
| Credit institutions | 430/8 | €1,688 | €0 | -€1,688 | -100% |
| Trade debts | 44 | €4,081 | €3,935 | -€146 | -3.6% |
| Suppliers | 440/4 | €4,081 | €3,935 | -€146 | -3.6% |
| Taxes, remuneration and social security | 45 | €91,907 | €105,242 | +€13,336 | +14.5% |
| Taxes | 450/3 | €91,907 | €105,242 | +€13,336 | +14.5% |
| Other amounts payable | 47/48 | €143 | €249,637 | +€249,495 | +174,998% |
| Non-recurring operating income | 76A | - | €13,503 | +€13,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,329 | €7,925 | +€1,597 | +25.2% |
| Other operating charges | 640/8 | €1,118 | €2,035 | +€918 | +82.1% |
| Gross operating margin | 9900 | €106,066 | €84,949 | -€21,117 | -19.9% |
| Operating profit (loss) | 9901 | €98,620 | €74,989 | -€23,631 | -24.0% |
| Financial income | 75/76B | €1,008,938 | €36,949 | -€971,989 | -96.3% |
| Recurring financial income | 75 | €1,008,938 | €36,949 | -€971,989 | -96.3% |
| Financial charges | 65/66B | €85,488 | €68,292 | -€17,196 | -20.1% |
| Recurring financial charges | 65 | €85,488 | €68,292 | -€17,196 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €1,022,070 | €43,645 | -€978,425 | -95.7% |
| Income taxes | 67/77 | €91,229 | €4,359 | -€86,871 | -95.2% |
| Profit (loss) for the period | 9904 | €930,841 | €39,287 | -€891,554 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €930,841 | €39,287 | -€891,554 | -95.8% |
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.