ELNE: 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.
ELNE
Largest movements
- Tangible fixed assets -€120,496
down €120,496 (-3.9%), from €3.1m to €3.0m
of which Land and buildings: -€121,451
- Debts after one year -€212,577
down €212,577 (-19.9%), from €1.1m to €853,577
- Reserves +€117,421
up €117,421 (+8.4%), from €1.4m to €1.5m
of which Distributable reserves: +€117,421
- Other debts -€35,867
down €35,867 (-26.4%), from €135,750 to €99,884
- Gross operating margin +€27,659
up €27,659 (+5.9%), from €469,166 to €496,825
- Taxes +€9,199
up €9,199 (+19.9%), from €46,286 to €55,485
- Depreciation -€7,246
down €7,246 (-3.7%), from €198,167 to €190,921
- Other operating charges +€4,998
up €4,998 (+5.7%), from €87,049 to €92,047
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 | €3,319,130 | €3,194,917 | -€124,213 | -3.7% |
| Fixed assets | 21/28 | €3,093,510 | €2,973,014 | -€120,496 | -3.9% |
| Tangible fixed assets | 22/27 | €3,093,450 | €2,972,955 | -€120,496 | -3.9% |
| Land and buildings | 22 | €3,093,450 | €2,971,999 | -€121,451 | -3.9% |
| Plant, machinery and equipment | 23 | - | €956 | +€956 | |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €225,620 | €221,903 | -€3,717 | -1.6% |
| Amounts receivable within one year | 40/41 | €13,468 | €10,275 | -€3,193 | -23.7% |
| Other amounts receivable | 41 | €13,468 | €10,275 | -€3,193 | -23.7% |
| Cash at bank and in hand | 54/58 | €210,233 | €211,264 | +€1,031 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,919 | €364 | -€1,555 | -81.0% |
| Total equity and liabilities | 10/49 | €3,319,130 | €3,194,917 | -€124,213 | -3.7% |
| Equity | 10/15 | €1,859,918 | €1,977,339 | +€117,421 | +6.3% |
| Contributions | 10/11 | €469,541 | €469,541 | = | 0.0% |
| Capital | 10 | €469,541 | €469,541 | = | 0.0% |
| Issued capital | 100 | €469,541 | €469,541 | = | 0.0% |
| Reserves | 13 | €1,390,377 | €1,507,798 | +€117,421 | +8.4% |
| Non-distributable reserves | 130/1 | €78,954 | €78,954 | = | 0.0% |
| Legal reserve | 130 | €78,954 | €78,954 | = | 0.0% |
| Distributable reserves | 133 | €1,311,423 | €1,428,844 | +€117,421 | +9.0% |
| Amounts payable | 17/49 | €1,459,212 | €1,217,578 | -€241,634 | -16.6% |
| Amounts payable after more than one year | 17 | €1,066,154 | €853,577 | -€212,577 | -19.9% |
| Financial debts | 170/4 | €1,066,154 | €853,577 | -€212,577 | -19.9% |
| Amounts payable within one year | 42/48 | €393,058 | €364,001 | -€29,057 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €242,371 | €246,076 | +€3,705 | +1.5% |
| Trade debts | 44 | €1,307 | €6,299 | +€4,992 | +381.9% |
| Suppliers | 440/4 | €1,307 | €6,299 | +€4,992 | +381.9% |
| Taxes, remuneration and social security | 45 | €13,629 | €11,742 | -€1,887 | -13.8% |
| Taxes | 450/3 | €13,629 | €11,742 | -€1,887 | -13.8% |
| Other amounts payable | 47/48 | €135,750 | €99,884 | -€35,867 | -26.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,167 | €190,921 | -€7,246 | -3.7% |
| Other operating charges | 640/8 | €87,049 | €92,047 | +€4,998 | +5.7% |
| Gross operating margin | 9900 | €469,166 | €496,825 | +€27,659 | +5.9% |
| Operating profit (loss) | 9901 | €183,950 | €213,857 | +€29,907 | +16.3% |
| Financial income | 75/76B | €523 | €823 | +€300 | +57.3% |
| Recurring financial income | 75 | €523 | €823 | +€300 | +57.3% |
| Financial charges | 65/66B | €41,928 | €41,774 | -€154 | -0.4% |
| Recurring financial charges | 65 | €41,928 | €41,774 | -€154 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €142,546 | €172,906 | +€30,361 | +21.3% |
| Income taxes | 67/77 | €46,286 | €55,485 | +€9,199 | +19.9% |
| Profit (loss) for the period | 9904 | €96,260 | €117,421 | +€21,162 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,260 | €117,421 | +€21,162 | +22.0% |
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 5 October 2026 via checked.be.