Ellou: 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.
Ellou
Largest movements
- Receivables within one year +€5,810
up €5,810 (+218.6%), from €2,659 to €8,469
of which Trade receivables: +€5,512
- Receivables after one year +€5,000
new in 2025: €5,000
- Deferred charges and accrued income -€4,938
down €4,938 (-75.0%), from €6,584 to €1,646
- Cash +€3,850
up €3,850 (+43.8%), from €8,795 to €12,645
mainly Net result for the year (+€8,614) and Deferred charges and accrued income (+€4,938)
- Tangible fixed assets -€1,659
down €1,659 (-7.0%), from €23,550 to €21,891
of which Land and buildings: -€3,096
- Reserves +€6,948
up €6,948 (+40.4%), from €17,183 to €24,131
- Accrued charges and deferred income +€1,611
new in 2025: €1,611
- Gross operating margin -€13,384
down €13,384 (-45.9%), from €29,165 to €15,782
- Taxes -€2,298
down €2,298 (-42.4%), from €5,426 to €3,128
- Other operating charges -€538
down €538 (-37.3%), from €1,442 to €904
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 | €41,587 | €49,651 | +€8,064 | +19.4% |
| Fixed assets | 21/28 | €23,550 | €21,891 | -€1,659 | -7.0% |
| Tangible fixed assets | 22/27 | €23,550 | €21,891 | -€1,659 | -7.0% |
| Land and buildings | 22 | €23,550 | €20,454 | -€3,096 | -13.1% |
| Furniture and vehicles | 24 | - | €1,437 | +€1,437 | |
| Current assets | 29/58 | €18,037 | €27,760 | +€9,723 | +53.9% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €2,659 | €8,469 | +€5,810 | +218.6% |
| Trade receivables | 40 | €85 | €5,597 | +€5,512 | +6484.8% |
| Other amounts receivable | 41 | €2,574 | €2,872 | +€298 | +11.6% |
| Cash at bank and in hand | 54/58 | €8,795 | €12,645 | +€3,850 | +43.8% |
| Deferred charges and accrued income | 490/1 | €6,584 | €1,646 | -€4,938 | -75.0% |
| Total equity and liabilities | 10/49 | €41,587 | €49,651 | +€8,064 | +19.4% |
| Equity | 10/15 | €22,183 | €29,131 | +€6,948 | +31.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,183 | €24,131 | +€6,948 | +40.4% |
| Distributable reserves | 133 | €17,183 | €24,131 | +€6,948 | +40.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,404 | €20,520 | +€1,117 | +5.8% |
| Amounts payable within one year | 42/48 | €19,404 | €18,909 | -€495 | -2.5% |
| Trade debts | 44 | €2,447 | €2,005 | -€443 | -18.1% |
| Suppliers | 440/4 | €2,447 | €2,005 | -€443 | -18.1% |
| Other amounts payable | 47/48 | €16,956 | €16,904 | -€52 | -0.3% |
| Accrued charges and deferred income | 492/3 | - | €1,611 | +€1,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,261 | €3,142 | -€119 | -3.7% |
| Other operating charges | 640/8 | €1,442 | €904 | -€538 | -37.3% |
| Gross operating margin | 9900 | €29,165 | €15,782 | -€13,384 | -45.9% |
| Operating profit (loss) | 9901 | €24,463 | €11,736 | -€12,726 | -52.0% |
| Financial income | 75/76B | - | €129 | +€129 | |
| Recurring financial income | 75 | - | €129 | +€129 | |
| Financial charges | 65/66B | €135 | €124 | -€11 | -8.3% |
| Recurring financial charges | 65 | €135 | €124 | -€11 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €24,328 | €11,742 | -€12,586 | -51.7% |
| Income taxes | 67/77 | €5,426 | €3,128 | -€2,298 | -42.4% |
| Profit (loss) for the period | 9904 | €18,901 | €8,614 | -€10,288 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,901 | €8,614 | -€10,288 | -54.4% |
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 11 October 2026 via checked.be.