ELLUMA: 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.
ELLUMA
Largest movements
- Tangible fixed assets -€17,034
down €17,034 (-100%), from €17,034 to €0
- Cash -€13,334
down €13,334 (-43.2%), from €30,854 to €17,519
mainly Debts after one year (-€26,448) and Other debts (-€20,394)
- Receivables within one year +€11,301
up €11,301 (+145%), from €7,795 to €19,096
of which Trade receivables: +€7,642
- Deferred charges and accrued income -€2,029
down €2,029 (-53.9%), from €3,767 to €1,738
- Debts after one year -€26,448
down €26,448 (-63.3%), from €41,756 to €15,308
- Other debts -€20,394
down €20,394 (-32.0%), from €63,748 to €43,354
- Profit (loss) carried forward +€20,088
up €20,088 (+98.9%), from €20,310 to €40,398
- Tax, wage and social debts +€6,086
up €6,086 (+86.2%), from €7,064 to €13,150
of which Remuneration and social security: +€6,000
- Gross operating margin +€20,598
up €20,598 (+71.5%), from €28,794 to €49,392
- Taxes +€4,858
up €4,858 (+197%), from €2,465 to €7,323
- Depreciation -€521
down €521 (-3.0%), from €17,555 to €17,034
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 | €181,450 | €160,353 | -€21,096 | -11.6% |
| Fixed assets | 21/28 | €139,034 | €122,000 | -€17,034 | -12.3% |
| Tangible fixed assets | 22/27 | €17,034 | €0 | -€17,034 | -100% |
| Furniture and vehicles | 24 | €17,034 | €0 | -€17,034 | -100% |
| Financial fixed assets | 28 | €122,000 | €122,000 | = | 0.0% |
| Current assets | 29/58 | €42,415 | €38,353 | -€4,062 | -9.6% |
| Amounts receivable within one year | 40/41 | €7,795 | €19,096 | +€11,301 | +145% |
| Trade receivables | 40 | €6,250 | €13,892 | +€7,642 | +122% |
| Other amounts receivable | 41 | €1,545 | €5,203 | +€3,659 | +237% |
| Cash at bank and in hand | 54/58 | €30,854 | €17,519 | -€13,334 | -43.2% |
| Deferred charges and accrued income | 490/1 | €3,767 | €1,738 | -€2,029 | -53.9% |
| Total equity and liabilities | 10/49 | €181,450 | €160,353 | -€21,096 | -11.6% |
| Equity | 10/15 | €38,910 | €58,998 | +€20,088 | +51.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,310 | €40,398 | +€20,088 | +98.9% |
| Amounts payable | 17/49 | €142,540 | €101,355 | -€41,185 | -28.9% |
| Amounts payable after more than one year | 17 | €41,756 | €15,308 | -€26,448 | -63.3% |
| Financial debts | 170/4 | €41,756 | €15,308 | -€26,448 | -63.3% |
| Amounts payable within one year | 42/48 | €100,784 | €86,048 | -€14,736 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €25,773 | €26,448 | +€675 | +2.6% |
| Financial debts | 43 | €1,353 | €1,372 | +€19 | +1.4% |
| Credit institutions | 430/8 | €1,353 | €1,372 | +€19 | +1.4% |
| Trade debts | 44 | €2,846 | €1,724 | -€1,123 | -39.4% |
| Suppliers | 440/4 | €2,846 | €1,724 | -€1,123 | -39.4% |
| Taxes, remuneration and social security | 45 | €7,064 | €13,150 | +€6,086 | +86.2% |
| Taxes | 450/3 | €7,064 | €7,150 | +€86 | +1.2% |
| Remuneration and social security | 454/9 | €0 | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €63,748 | €43,354 | -€20,394 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,555 | €17,034 | -€521 | -3.0% |
| Other operating charges | 640/8 | €1,072 | €1,289 | +€217 | +20.2% |
| Gross operating margin | 9900 | €28,794 | €49,392 | +€20,598 | +71.5% |
| Operating profit (loss) | 9901 | €10,167 | €31,068 | +€20,901 | +206% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,401 | €3,658 | +€257 | +7.6% |
| Recurring financial charges | 65 | €3,401 | €3,658 | +€257 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €6,766 | €27,411 | +€20,645 | +305% |
| Income taxes | 67/77 | €2,465 | €7,323 | +€4,858 | +197% |
| Profit (loss) for the period | 9904 | €4,301 | €20,088 | +€15,787 | +367% |
| Profit (loss) for the period to be appropriated | 9905 | €4,301 | €20,088 | +€15,787 | +367% |
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 30 October 2026 via checked.be.