ELLUCO: 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.
ELLUCO
Largest movements
- Tangible fixed assets -€91
no longer reported in 2025 (was €91)
- Financial fixed assets -€50
no longer reported in 2025 (was €50)
- Cash -€7
down €7 (-67.1%), from €11 to €4
mainly Tax, wage and social debts (-€13,880) and Net result for the year (-€2,004)
- Other debts +€15,940
up €15,940 (+175%), from €9,083 to €25,023
- Tax, wage and social debts -€13,880
no longer reported in 2025 (was €13,880)
- Profit (loss) carried forward -€2,004
down €2,004 (-4.7%), from -€42,272 to -€44,276
- Trade debts -€205
down €205 (-31.8%), from €645 to €440
- Other operating charges +€350
new in 2025: €350
- Financial charges -€318
down €318 (-43.7%), from €728 to €410
of which Financial charges: -€409
- Depreciation -€123
no longer reported in 2025 (was €123)
- Gross operating margin +€21
up €21 (+1.6%), from -€1,264 to -€1,243
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 | €152 | €4 | -€148 | -97.7% |
| Fixed assets | 21/28 | €141 | - | -€141 | |
| Tangible fixed assets | 22/27 | €91 | - | -€91 | |
| Plant, machinery and equipment | 23 | €91 | - | -€91 | |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €11 | €4 | -€7 | -67.1% |
| Cash at bank and in hand | 54/58 | €11 | €4 | -€7 | -67.1% |
| Total equity and liabilities | 10/49 | €152 | €4 | -€148 | -97.7% |
| Equity | 10/15 | -€23,455 | -€25,459 | -€2,004 | -8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,617 | €12,617 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,617 | €12,617 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,617 | €12,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,272 | -€44,276 | -€2,004 | -4.7% |
| Amounts payable | 17/49 | €23,607 | €25,462 | +€1,855 | +7.9% |
| Amounts payable within one year | 42/48 | €23,607 | €25,462 | +€1,855 | +7.9% |
| Trade debts | 44 | €645 | €440 | -€205 | -31.8% |
| Suppliers | 440/4 | €645 | €440 | -€205 | -31.8% |
| Taxes, remuneration and social security | 45 | €13,880 | - | -€13,880 | |
| Taxes | 450/3 | €13,880 | - | -€13,880 | |
| Other amounts payable | 47/48 | €9,083 | €25,023 | +€15,940 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123 | - | -€123 | |
| Other operating charges | 640/8 | - | €350 | +€350 | |
| Gross operating margin | 9900 | -€1,264 | -€1,243 | +€21 | +1.6% |
| Operating profit (loss) | 9901 | -€1,387 | -€1,593 | -€207 | -14.9% |
| Financial charges | 65/66B | €728 | €410 | -€318 | -43.7% |
| Recurring financial charges | 65 | €728 | €319 | -€409 | -56.2% |
| Non-recurring financial charges | 66B | - | €91 | +€91 | |
| Profit (loss) for the period before taxes | 9903 | -€2,115 | -€2,004 | +€111 | +5.3% |
| Profit (loss) for the period | 9904 | -€2,115 | -€2,004 | +€111 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,115 | -€2,004 | +€111 | +5.3% |
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 20 October 2026 via checked.be.