ELLYPS: what changed
Two fiscal 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.
ELLYPS
Largest movements
- Cash -€209,266
down €209,266 (-28.2%), from €743,135 to €533,869
mainly Contributions, distributions and other (-€495,000) and Investment in fixed assets (net) (-€149,486)
- Receivables within one year +€139,767
up €139,767 (+8.9%), from €1.6m to €1.7m
of which Trade receivables: +€96,904
- Profit (loss) carried forward -€109,995
down €109,995 (-99.6%), from €110,426 to €431
- Trade debts -€46,881
down €46,881 (-26.2%), from €179,260 to €132,379
- Other debts +€46,131
up €46,131 (+10.2%), from €450,109 to €496,240
- Tax, wage and social debts +€35,561
up €35,561 (+8.5%), from €418,418 to €453,979
of which Taxes: +€41,913
- Financial charges +€580,352
up €580,352, from -€542,018 to €38,334
of which Non-recurring financial charges: +€565,026
- Staff costs +€383,520
up €383,520 (+20.5%), from €1.9m to €2.3m
- Gross operating margin +€107,267
up €107,267 (+3.7%), from €2.9m to €3.0m
- Taxes -€82,340
down €82,340 (-34.5%), from €238,749 to €156,409
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 | €2,655,077 | €2,588,692 | -€66,386 | -2.5% |
| Fixed assets | 21/28 | €348,579 | €351,693 | +€3,114 | +0.9% |
| Intangible fixed assets | 21 | - | €20,959 | +€20,959 | |
| Tangible fixed assets | 22/27 | €348,579 | €330,734 | -€17,845 | -5.1% |
| Furniture and vehicles | 24 | €191,650 | €240,955 | +€49,305 | +25.7% |
| Other tangible fixed assets | 26 | €156,929 | €89,779 | -€67,151 | -42.8% |
| Current assets | 29/58 | €2,306,498 | €2,236,999 | -€69,500 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,563,363 | €1,703,130 | +€139,767 | +8.9% |
| Trade receivables | 40 | €1,562,434 | €1,659,338 | +€96,904 | +6.2% |
| Other amounts receivable | 41 | €929 | €43,792 | +€42,863 | +4614.1% |
| Cash at bank and in hand | 54/58 | €743,135 | €533,869 | -€209,266 | -28.2% |
| Total equity and liabilities | 10/49 | €2,655,077 | €2,588,692 | -€66,386 | -2.5% |
| Equity | 10/15 | €1,372,565 | €1,262,570 | -€109,995 | -8.0% |
| Contributions | 10/11 | €1,169,639 | €1,169,639 | = | 0.0% |
| Capital | 10 | €1,169,639 | €1,169,639 | = | 0.0% |
| Issued capital | 100 | €1,169,639 | €1,169,639 | = | 0.0% |
| Reserves | 13 | €92,500 | €92,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €92,500 | €92,500 | = | 0.0% |
| Legal reserve | 130 | €92,500 | €92,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,426 | €431 | -€109,995 | -99.6% |
| Amounts payable | 17/49 | €1,282,512 | €1,326,122 | +€43,609 | +3.4% |
| Amounts payable after more than one year | 17 | €113,767 | €100,055 | -€13,711 | -12.1% |
| Financial debts | 170/4 | €113,767 | €100,055 | -€13,711 | -12.1% |
| Amounts payable within one year | 42/48 | €1,168,746 | €1,226,066 | +€57,321 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €98,817 | €113,399 | +€14,582 | +14.8% |
| Financial debts | 43 | €22,142 | €30,070 | +€7,928 | +35.8% |
| Credit institutions | 430/8 | €22,142 | €30,070 | +€7,928 | +35.8% |
| Trade debts | 44 | €179,260 | €132,379 | -€46,881 | -26.2% |
| Suppliers | 440/4 | €179,260 | €132,379 | -€46,881 | -26.2% |
| Taxes, remuneration and social security | 45 | €418,418 | €453,979 | +€35,561 | +8.5% |
| Taxes | 450/3 | €218,169 | €260,081 | +€41,913 | +19.2% |
| Remuneration and social security | 454/9 | €200,249 | €193,898 | -€6,352 | -3.2% |
| Other amounts payable | 47/48 | €450,109 | €496,240 | +€46,131 | +10.2% |
| Remuneration, social security and pensions | 62 | €1,869,904 | €2,253,423 | +€383,520 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,558 | €146,372 | +€4,814 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,125 | - | +€5,125 | |
| Other operating charges | 640/8 | €44,269 | €45,865 | +€1,597 | +3.6% |
| Non-recurring operating charges | 66A | €571,023 | - | -€571,023 | |
| Gross operating margin | 9900 | €2,917,472 | €3,024,739 | +€107,267 | +3.7% |
| Operating profit (loss) | 9901 | €295,845 | €579,079 | +€283,234 | +95.7% |
| Financial income | 75/76B | €82 | €669 | +€587 | +714.9% |
| Recurring financial income | 75 | €82 | €669 | +€587 | +714.9% |
| Financial charges | 65/66B | -€542,018 | €38,334 | +€580,352 | |
| Recurring financial charges | 65 | €23,008 | €38,334 | +€15,326 | +66.6% |
| Non-recurring financial charges | 66B | -€565,026 | - | +€565,026 | |
| Profit (loss) for the period before taxes | 9903 | €837,945 | €541,414 | -€296,531 | -35.4% |
| Income taxes | 67/77 | €238,749 | €156,409 | -€82,340 | -34.5% |
| Profit (loss) for the period | 9904 | €599,196 | €385,005 | -€214,191 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €599,196 | €385,005 | -€214,191 | -35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.