ELNO: 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.
ELNO
Largest movements
- Cash -€423,755
down €423,755 (-93.6%), from €452,906 to €29,151
mainly Contributions, distributions and other (-€480,000) and Tax, wage and social debts (-€20,076)
- Reserves -€442,536
down €442,536 (-35.3%), from €1.3m to €809,480
- Financial income +€6,106
up €6,106 (+11.6%), from €52,588 to €58,694
- Taxes +€1,713
up €1,713 (+10.1%), from €17,035 to €18,748
- Gross operating margin -€207
down €207 (-19.3%), from -€1,071 to -€1,278
- Financial charges -€41
down €41 (-32.1%), from €128 to €87
- Other operating charges +€33
up €33 (+3.0%), from €1,086 to €1,118
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 | €3,079,517 | €2,637,909 | -€441,608 | -14.3% |
| Current assets | 29/58 | €3,079,517 | €2,637,909 | -€441,608 | -14.3% |
| Amounts receivable within one year | 40/41 | €2,590,896 | €2,573,042 | -€17,854 | -0.7% |
| Other amounts receivable | 41 | €2,590,896 | €2,573,042 | -€17,854 | -0.7% |
| Current investments | 50/53 | €35,715 | €35,715 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €452,906 | €29,151 | -€423,755 | -93.6% |
| Total equity and liabilities | 10/49 | €3,079,517 | €2,637,909 | -€441,608 | -14.3% |
| Equity | 10/15 | €3,040,416 | €2,597,879 | -€442,536 | -14.6% |
| Contributions | 10/11 | €12,497 | €12,497 | = | 0.0% |
| Reserves | 13 | €1,252,017 | €809,480 | -€442,536 | -35.3% |
| Distributable reserves | 133 | €1,252,017 | €809,480 | -€442,536 | -35.3% |
| Profit (loss) carried forward | 14 | €1,775,902 | €1,775,902 | = | 0.0% |
| Amounts payable | 17/49 | €39,101 | €40,029 | +€928 | +2.4% |
| Amounts payable within one year | 42/48 | €38,824 | €38,748 | -€76 | -0.2% |
| Taxes, remuneration and social security | 45 | €38,824 | €18,748 | -€20,076 | -51.7% |
| Taxes | 450/3 | €38,824 | €18,748 | -€20,076 | -51.7% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €278 | €1,282 | +€1,004 | +361.2% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€1,071 | -€1,278 | -€207 | -19.3% |
| Operating profit (loss) | 9901 | -€2,156 | -€2,396 | -€240 | -11.1% |
| Financial income | 75/76B | €52,588 | €58,694 | +€6,106 | +11.6% |
| Recurring financial income | 75 | €52,588 | €58,694 | +€6,106 | +11.6% |
| Financial charges | 65/66B | €128 | €87 | -€41 | -32.1% |
| Recurring financial charges | 65 | €128 | €87 | -€41 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €50,304 | €56,211 | +€5,907 | +11.7% |
| Income taxes | 67/77 | €17,035 | €18,748 | +€1,713 | +10.1% |
| Profit (loss) for the period | 9904 | €33,269 | €37,464 | +€4,194 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,269 | €37,464 | +€4,194 | +12.6% |
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 2 October 2026 via checked.be.