ELNIZ: 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.
ELNIZ
Largest movements
- Tangible fixed assets +€37,765
up €37,765 (+980.3%), from €3,852 to €41,617
- Cash -€32,900
down €32,900 (-45.0%), from €73,106 to €40,206
mainly Contributions, distributions and other (-€121,000) and Investment in fixed assets (net) (-€44,419)
- Receivables within one year +€13,911
up €13,911 (+20.8%), from €67,024 to €80,935
of which Trade receivables: +€11,776
- Other debts +€20,686
up €20,686 (+18.2%), from €113,424 to €134,110
- Trade debts -€6,505
down €6,505 (-76.5%), from €8,507 to €2,002
- Tax, wage and social debts +€4,988
up €4,988 (+29.8%), from €16,741 to €21,729
- Profit (loss) carried forward -€2,081
down €2,081 (-79.5%), from €2,617 to €535
- Gross operating margin +€48,070
up €48,070 (+43.3%), from €111,095 to €159,165
- Taxes +€9,224
up €9,224 (+39.0%), from €23,640 to €32,865
- Depreciation +€5,340
up €5,340 (+406.1%), from €1,315 to €6,654
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 | €145,343 | €164,020 | +€18,677 | +12.9% |
| Fixed assets | 21/28 | €3,852 | €41,617 | +€37,765 | +980.3% |
| Tangible fixed assets | 22/27 | €3,852 | €41,617 | +€37,765 | +980.3% |
| Furniture and vehicles | 24 | €3,852 | €41,617 | +€37,765 | +980.3% |
| Current assets | 29/58 | €141,491 | €122,403 | -€19,088 | -13.5% |
| Amounts receivable within one year | 40/41 | €67,024 | €80,935 | +€13,911 | +20.8% |
| Trade receivables | 40 | €65,664 | €77,440 | +€11,776 | +17.9% |
| Other amounts receivable | 41 | €1,360 | €3,495 | +€2,135 | +157.1% |
| Cash at bank and in hand | 54/58 | €73,106 | €40,206 | -€32,900 | -45.0% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,263 | -€99 | -7.2% |
| Total equity and liabilities | 10/49 | €145,343 | €164,020 | +€18,677 | +12.9% |
| Equity | 10/15 | €6,671 | €4,590 | -€2,081 | -31.2% |
| Contributions | 10/11 | €4,055 | €4,055 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €2,617 | €535 | -€2,081 | -79.5% |
| Amounts payable | 17/49 | €138,672 | €159,430 | +€20,758 | +15.0% |
| Amounts payable within one year | 42/48 | €138,672 | €157,841 | +€19,169 | +13.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,507 | €2,002 | -€6,505 | -76.5% |
| Suppliers | 440/4 | €8,507 | €2,002 | -€6,505 | -76.5% |
| Taxes, remuneration and social security | 45 | €16,741 | €21,729 | +€4,988 | +29.8% |
| Taxes | 450/3 | €16,741 | €21,729 | +€4,988 | +29.8% |
| Other amounts payable | 47/48 | €113,424 | €134,110 | +€20,686 | +18.2% |
| Accrued charges and deferred income | 492/3 | - | €1,590 | +€1,590 | |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,315 | €6,654 | +€5,340 | +406.1% |
| Other operating charges | 640/8 | €909 | €615 | -€293 | -32.3% |
| Gross operating margin | 9900 | €111,095 | €159,165 | +€48,070 | +43.3% |
| Operating profit (loss) | 9901 | €108,872 | €151,896 | +€43,024 | +39.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €134 | €114 | -€20 | -14.8% |
| Recurring financial charges | 65 | €134 | €114 | -€20 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €108,738 | €151,783 | +€43,045 | +39.6% |
| Income taxes | 67/77 | €23,640 | €32,865 | +€9,224 | +39.0% |
| Profit (loss) for the period | 9904 | €85,098 | €118,919 | +€33,821 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,098 | €118,919 | +€33,821 | +39.7% |
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 7 October 2026 via checked.be.