Elluso: 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.
Elluso
Largest movements
- Cash +€19,438
up €19,438 (+34.0%), from €57,203 to €76,642
mainly Net result for the year (+€31,836) and Trade debts (+€1,751)
- Receivables within one year +€14,095
new in 2025: €14,095
of which Trade receivables: +€9,400
- Deferred charges and accrued income +€1,007
up €1,007 (+133.0%), from €757 to €1,764
- Reserves +€31,836
up €31,836 (+86.4%), from €36,849 to €68,685
- Trade debts +€1,751
up €1,751, from €0 to €1,751
- Tax, wage and social debts +€1,516
up €1,516 (+7.9%), from €19,251 to €20,766
- Gross operating margin +€10,642
up €10,642 (+35.0%), from €30,438 to €41,080
- Taxes +€2,259
up €2,259 (+34.5%), from €6,553 to €8,812
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 | €57,960 | €92,501 | +€34,540 | +59.6% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €57,960 | €92,501 | +€34,540 | +59.6% |
| Amounts receivable within one year | 40/41 | - | €14,095 | +€14,095 | |
| Trade receivables | 40 | - | €9,400 | +€9,400 | |
| Other amounts receivable | 41 | - | €4,695 | +€4,695 | |
| Cash at bank and in hand | 54/58 | €57,203 | €76,642 | +€19,438 | +34.0% |
| Deferred charges and accrued income | 490/1 | €757 | €1,764 | +€1,007 | +133.0% |
| Total equity and liabilities | 10/49 | €57,960 | €92,501 | +€34,540 | +59.6% |
| Equity | 10/15 | €37,849 | €69,685 | +€31,836 | +84.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,849 | €68,685 | +€31,836 | +86.4% |
| Distributable reserves | 133 | €36,849 | €68,685 | +€31,836 | +86.4% |
| Amounts payable | 17/49 | €20,111 | €22,816 | +€2,705 | +13.4% |
| Amounts payable within one year | 42/48 | €19,251 | €22,518 | +€3,267 | +17.0% |
| Trade debts | 44 | €0 | €1,751 | +€1,751 | |
| Suppliers | 440/4 | €0 | €1,751 | +€1,751 | |
| Taxes, remuneration and social security | 45 | €19,251 | €20,766 | +€1,516 | +7.9% |
| Taxes | 450/3 | €19,251 | €20,766 | +€1,516 | +7.9% |
| Accrued charges and deferred income | 492/3 | €861 | €298 | -€563 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €0 | -€333 | -100.0% |
| Other operating charges | 640/8 | €346 | €467 | +€121 | +35.0% |
| Gross operating margin | 9900 | €30,438 | €41,080 | +€10,642 | +35.0% |
| Operating profit (loss) | 9901 | €29,759 | €40,613 | +€10,853 | +36.5% |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | €45 | €60 | +€15 | +32.7% |
| Recurring financial charges | 65 | €45 | €60 | +€15 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €29,714 | €40,648 | +€10,933 | +36.8% |
| Income taxes | 67/77 | €6,553 | €8,812 | +€2,259 | +34.5% |
| Profit (loss) for the period | 9904 | €23,161 | €31,836 | +€8,674 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,161 | €31,836 | +€8,674 | +37.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.