ELLY: 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.
ELLY
Largest movements
- Stocks and contracts +€108,454
up €108,454 (+104%), from €104,654 to €213,108
- Tangible fixed assets +€86,836
up €86,836 (+5.7%), from €1.5m to €1.6m
of which Other tangible fixed assets: +€373,957
- Receivables within one year +€29,749
up €29,749 (+23.4%), from €126,967 to €156,715
of which Trade receivables: +€52,514
- Reserves -€275,092
down €275,092 (-39.1%), from €704,089 to €428,997
of which Distributable reserves: -€275,092
- Debts after one year +€245,318
up €245,318 (+34.1%), from €720,439 to €965,757
- Trade debts +€227,425
up €227,425 (+86.6%), from €262,623 to €490,048
- Current portion of long-term debt +€25,183
up €25,183 (+23.6%), from €106,632 to €131,815
- Gross operating margin -€129,578
down €129,578 (-5.5%), from €2.4m to €2.2m
- Staff costs +€110,626
up €110,626 (+5.8%), from €1.9m to €2.0m
- Depreciation +€32,400
up €32,400 (+8.9%), from €363,770 to €396,171
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 | €2,211,184 | €2,427,043 | +€215,859 | +9.8% |
| Fixed assets | 21/28 | €1,525,201 | €1,612,037 | +€86,836 | +5.7% |
| Tangible fixed assets | 22/27 | €1,525,201 | €1,612,037 | +€86,836 | +5.7% |
| Land and buildings | 22 | €69,726 | €57,549 | -€12,177 | -17.5% |
| Plant, machinery and equipment | 23 | €1,191,583 | €972,101 | -€219,482 | -18.4% |
| Furniture and vehicles | 24 | €148,691 | €93,229 | -€55,462 | -37.3% |
| Other tangible fixed assets | 26 | €115,200 | €489,157 | +€373,957 | +325% |
| Current assets | 29/58 | €685,983 | €815,006 | +€129,023 | +18.8% |
| Stocks and contracts in progress | 3 | €104,654 | €213,108 | +€108,454 | +104% |
| Stocks | 30/36 | €104,654 | €213,108 | +€108,454 | +104% |
| Amounts receivable within one year | 40/41 | €126,967 | €156,715 | +€29,749 | +23.4% |
| Trade receivables | 40 | €79,897 | €132,411 | +€52,514 | +65.7% |
| Other amounts receivable | 41 | €47,070 | €24,305 | -€22,765 | -48.4% |
| Cash at bank and in hand | 54/58 | €406,740 | €406,621 | -€119 | 0.0% |
| Deferred charges and accrued income | 490/1 | €47,622 | €38,562 | -€9,061 | -19.0% |
| Total equity and liabilities | 10/49 | €2,211,184 | €2,427,043 | +€215,859 | +9.8% |
| Equity | 10/15 | €741,273 | €466,181 | -€275,092 | -37.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €704,089 | €428,997 | -€275,092 | -39.1% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €700,370 | €425,279 | -€275,092 | -39.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,469,911 | €1,960,862 | +€490,951 | +33.4% |
| Amounts payable after more than one year | 17 | €720,439 | €965,757 | +€245,318 | +34.1% |
| Financial debts | 170/4 | €720,439 | €965,757 | +€245,318 | +34.1% |
| Amounts payable within one year | 42/48 | €749,472 | €995,105 | +€245,633 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €106,632 | €131,815 | +€25,183 | +23.6% |
| Financial debts | 43 | €80 | €80 | = | 0.0% |
| Credit institutions | 430/8 | €80 | €80 | = | 0.0% |
| Trade debts | 44 | €262,623 | €490,048 | +€227,425 | +86.6% |
| Suppliers | 440/4 | €262,623 | €490,048 | +€227,425 | +86.6% |
| Taxes, remuneration and social security | 45 | €301,616 | €293,860 | -€7,756 | -2.6% |
| Taxes | 450/3 | €41,417 | €0 | -€41,417 | -100% |
| Remuneration and social security | 454/9 | €260,199 | €293,860 | +€33,660 | +12.9% |
| Other amounts payable | 47/48 | €78,522 | €79,304 | +€783 | +1.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,897,046 | €2,007,671 | +€110,626 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363,770 | €396,171 | +€32,400 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €17,283 | €23,517 | +€6,234 | +36.1% |
| Gross operating margin | 9900 | €2,355,670 | €2,226,092 | -€129,578 | -5.5% |
| Operating profit (loss) | 9901 | €77,571 | -€201,267 | -€278,838 | |
| Financial income | 75/76B | €1,267 | €1,233 | -€35 | -2.7% |
| Recurring financial income | 75 | €1,267 | €1,233 | -€35 | -2.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €61,169 | €75,057 | +€13,888 | +22.7% |
| Recurring financial charges | 65 | €61,169 | €75,057 | +€13,888 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €17,669 | -€275,092 | -€292,761 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €17,669 | -€275,092 | -€292,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,669 | -€275,092 | -€292,761 |
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 14 October 2026 via checked.be.