ELLUGA: 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.
ELLUGA
Largest movements
- Cash +€9,586
up €9,586 (+6,711%), from €143 to €9,728
mainly Net result for the year (+€12,311) and Tax, wage and social debts (+€5,249)
- Receivables within one year +€1,150
up €1,150 (+40.7%), from €2,822 to €3,972
of which Trade receivables: +€1,408
- Financial fixed assets +€500
up €500, from €0 to €500
- Tangible fixed assets -€179
down €179 (-100%), from €179 to €0
- Profit (loss) carried forward +€12,311
up €12,311 (+23.7%), from -€51,932 to -€39,621
- Other debts -€6,645
down €6,645 (-18.3%), from €36,323 to €29,679
- Tax, wage and social debts +€5,249
up €5,249, from €0 to €5,249
of which Taxes: +€3,591
- Gross operating margin +€18,662
up €18,662, from -€2,701 to €15,961
- Other operating charges +€2,603
up €2,603 (+604%), from €431 to €3,034
- Depreciation -€438
down €438 (-63.2%), from €693 to €255
- Taxes +€200
up €200, from -€200 to €0
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 | €3,601 | €14,546 | +€10,945 | +304% |
| Fixed assets | 21/28 | €255 | €500 | +€245 | +95.9% |
| Intangible fixed assets | 21 | €76 | €0 | -€76 | -100% |
| Tangible fixed assets | 22/27 | €179 | €0 | -€179 | -100% |
| Furniture and vehicles | 24 | €179 | €0 | -€179 | -100% |
| Financial fixed assets | 28 | €0 | €500 | +€500 | |
| Current assets | 29/58 | €3,346 | €14,046 | +€10,700 | +320% |
| Amounts receivable within one year | 40/41 | €2,822 | €3,972 | +€1,150 | +40.7% |
| Trade receivables | 40 | €2,525 | €3,933 | +€1,408 | +55.8% |
| Other amounts receivable | 41 | €297 | €39 | -€258 | -86.8% |
| Cash at bank and in hand | 54/58 | €143 | €9,728 | +€9,586 | +6,711% |
| Deferred charges and accrued income | 490/1 | €381 | €345 | -€35 | -9.3% |
| Total equity and liabilities | 10/49 | €3,601 | €14,546 | +€10,945 | +304% |
| Equity | 10/15 | -€33,255 | -€20,944 | +€12,311 | +37.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €126 | €126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €126 | €126 | = | 0.0% |
| Reserves not available under the articles | 1311 | €126 | €126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,932 | -€39,621 | +€12,311 | +23.7% |
| Amounts payable | 17/49 | €36,856 | €35,490 | -€1,366 | -3.7% |
| Amounts payable within one year | 42/48 | €36,856 | €35,490 | -€1,366 | -3.7% |
| Trade debts | 44 | €533 | €563 | +€30 | +5.5% |
| Suppliers | 440/4 | €533 | €563 | +€30 | +5.5% |
| Taxes, remuneration and social security | 45 | €0 | €5,249 | +€5,249 | |
| Taxes | 450/3 | €0 | €3,591 | +€3,591 | |
| Remuneration and social security | 454/9 | - | €1,657 | +€1,657 | |
| Other amounts payable | 47/48 | €36,323 | €29,679 | -€6,645 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €693 | €255 | -€438 | -63.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €83 | +€83 | |
| Other operating charges | 640/8 | €431 | €3,034 | +€2,603 | +604% |
| Gross operating margin | 9900 | -€2,701 | €15,961 | +€18,662 | |
| Operating profit (loss) | 9901 | -€3,826 | €12,589 | +€16,415 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €239 | €278 | +€38 | +16.0% |
| Recurring financial charges | 65 | €239 | €278 | +€38 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,065 | €12,311 | +€16,377 | |
| Income taxes | 67/77 | -€200 | €0 | +€200 | |
| Profit (loss) for the period | 9904 | -€3,865 | €12,311 | +€16,177 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,865 | €12,311 | +€16,177 |
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 13 October 2026 via checked.be.