ELLONI: what changed
Two fiscal 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.
ELLONI
Largest movements
- Cash -€7,239
down €7,239 (-17.5%), from €41,442 to €34,203
mainly Tax, wage and social debts (-€7,603) and Investment in fixed assets (net) (-€6,696)
- Tangible fixed assets +€4,180
up €4,180 (+42.0%), from €9,952 to €14,132
of which Land and buildings: +€6,488
- Receivables within one year -€1,562
down €1,562 (-25.6%), from €6,097 to €4,536
of which Trade receivables: -€1,567
- Tax, wage and social debts -€7,603
down €7,603 (-50.1%), from €15,181 to €7,578
- Reserves +€2,984
up €2,984 (+5.5%), from €54,103 to €57,087
- Gross operating margin -€26,367
down €26,367 (-78.9%), from €33,428 to €7,061
- Taxes -€5,185
down €5,185 (-83.4%), from €6,217 to €1,032
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.
Cash bridge derived
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 | €77,491 | €72,870 | -€4,620 | -6.0% |
| Fixed assets | 21/28 | €9,952 | €14,132 | +€4,180 | +42.0% |
| Tangible fixed assets | 22/27 | €9,952 | €14,132 | +€4,180 | +42.0% |
| Land and buildings | 22 | €0 | €6,488 | +€6,488 | |
| Plant, machinery and equipment | 23 | €9,952 | €7,643 | -€2,308 | -23.2% |
| Current assets | 29/58 | €67,539 | €58,739 | -€8,800 | -13.0% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,097 | €4,536 | -€1,562 | -25.6% |
| Trade receivables | 40 | €6,097 | €4,531 | -€1,567 | -25.7% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €41,442 | €34,203 | -€7,239 | -17.5% |
| Total equity and liabilities | 10/49 | €77,491 | €72,870 | -€4,620 | -6.0% |
| Equity | 10/15 | €56,603 | €59,587 | +€2,984 | +5.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €54,103 | €57,087 | +€2,984 | +5.5% |
| Distributable reserves | 133 | €54,103 | €57,087 | +€2,984 | +5.5% |
| Amounts payable | 17/49 | €20,887 | €13,283 | -€7,604 | -36.4% |
| Amounts payable within one year | 42/48 | €20,887 | €13,283 | -€7,604 | -36.4% |
| Trade debts | 44 | €149 | €871 | +€722 | +486.1% |
| Suppliers | 440/4 | €149 | €871 | +€722 | +486.1% |
| Taxes, remuneration and social security | 45 | €15,181 | €7,578 | -€7,603 | -50.1% |
| Taxes | 450/3 | €15,181 | €7,578 | -€7,603 | -50.1% |
| Other amounts payable | 47/48 | €5,558 | €4,834 | -€724 | -13.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,512 | €2,516 | +€3 | +0.1% |
| Other operating charges | 640/8 | €632 | €946 | +€313 | +49.6% |
| Gross operating margin | 9900 | €33,428 | €7,061 | -€26,367 | -78.9% |
| Operating profit (loss) | 9901 | €30,283 | €3,600 | -€26,684 | -88.1% |
| Financial income | 75/76B | €500 | €612 | +€112 | +22.3% |
| Recurring financial income | 75 | €500 | €612 | +€112 | +22.3% |
| Financial charges | 65/66B | €133 | €196 | +€63 | +47.2% |
| Recurring financial charges | 65 | €133 | €196 | +€63 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €30,650 | €4,015 | -€26,635 | -86.9% |
| Income taxes | 67/77 | €6,217 | €1,032 | -€5,185 | -83.4% |
| Profit (loss) for the period | 9904 | €24,434 | €2,984 | -€21,450 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,434 | €2,984 | -€21,450 | -87.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.