ELODIE: 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.
What changed
ELODIE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,537
2024 · €71,666-€61,129
Equity
€947,577
2024 · €937,040+€10,537
Cash
€339,563
2024 · €290,172+€49,392
Balance sheet total
€8.9m
2024 · €9.2m-€255,984
Largest movements
Assets
- Tangible fixed assets -€299,270
down €299,270 (-3.4%), from €8.9m to €8.6m
Equity and liabilities
- Debts after one year -€369,451
down €369,451 (-6.3%), from €5.9m to €5.5m
Income statement
- Financial charges +€78,191
up €78,191 (+107%), from €73,220 to €151,412
- Taxes -€23,378
down €23,378 (-58.5%), from €39,954 to €16,576
- Other operating charges +€5,572
up €5,572 (+21.0%), from €26,567 to €32,139
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.
Result 2024
€71,666
Gross operating margin
-€466
Depreciation
+€0
Other operating charges
-€5,572
Financial income
-€278
Financial charges
-€78,191
Taxes
+€23,378
Result 2025
€10,537
raises the resultlowers the result
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.
From operations
+€475,907
Investment
€0
Financing
-€426,516
Cash 2024
€290,172
From operations (derived)
+€475,907
Net result for the year
+€10,537
Depreciation
+€299,270
Deferred charges and accrued income
+€6,105
Trade debts
+€62,683
Tax, wage and social debts
-€10,512
Other debts
+€31,903
Accrued charges and deferred income
+€75,922
Financing
-€426,516
Debts after one year
-€369,451
Current portion of long-term debt
-€57,065
Cash 2025
€339,563
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,168,397 | €8,912,413 | -€255,984 | -2.8% |
| Fixed assets | 21/28 | €8,868,432 | €8,569,162 | -€299,270 | -3.4% |
| Tangible fixed assets | 22/27 | €8,868,432 | €8,569,162 | -€299,270 | -3.4% |
| Land and buildings | 22 | €8,868,432 | €8,569,162 | -€299,270 | -3.4% |
| Current assets | 29/58 | €299,965 | €343,251 | +€43,286 | +14.4% |
| Cash at bank and in hand | 54/58 | €290,172 | €339,563 | +€49,392 | +17.0% |
| Deferred charges and accrued income | 490/1 | €9,793 | €3,688 | -€6,105 | -62.3% |
| Total equity and liabilities | 10/49 | €9,168,397 | €8,912,413 | -€255,984 | -2.8% |
| Equity | 10/15 | €937,040 | €947,577 | +€10,537 | +1.1% |
| Contributions | 10/11 | €768,600 | €768,600 | = | 0.0% |
| Revaluation surpluses | 12 | €206,250 | €197,500 | -€8,750 | -4.2% |
| Reserves | 13 | €43,750 | €52,500 | +€8,750 | +20.0% |
| Distributable reserves | 133 | €43,750 | €52,500 | +€8,750 | +20.0% |
| Profit (loss) carried forward | 14 | -€81,560 | -€71,023 | +€10,537 | +12.9% |
| Amounts payable | 17/49 | €8,231,357 | €7,964,837 | -€266,521 | -3.2% |
| Amounts payable after more than one year | 17 | €5,894,201 | €5,524,750 | -€369,451 | -6.3% |
| Financial debts | 170/4 | €5,894,201 | €5,524,750 | -€369,451 | -6.3% |
| Amounts payable within one year | 42/48 | €2,286,055 | €2,313,063 | +€27,009 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €666,003 | €608,938 | -€57,065 | -8.6% |
| Trade debts | 44 | €43,821 | €106,504 | +€62,683 | +143% |
| Suppliers | 440/4 | €43,821 | €106,504 | +€62,683 | +143% |
| Taxes, remuneration and social security | 45 | €67,042 | €56,530 | -€10,512 | -15.7% |
| Taxes | 450/3 | €67,042 | €56,530 | -€10,512 | -15.7% |
| Other amounts payable | 47/48 | €1,509,189 | €1,541,092 | +€31,903 | +2.1% |
| Accrued charges and deferred income | 492/3 | €51,102 | €127,023 | +€75,922 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299,271 | €299,270 | -€0 | 0.0% |
| Other operating charges | 640/8 | €26,567 | €32,139 | +€5,572 | +21.0% |
| Gross operating margin | 9900 | €509,775 | €509,309 | -€466 | -0.1% |
| Operating profit (loss) | 9901 | €183,937 | €177,900 | -€6,038 | -3.3% |
| Financial income | 75/76B | €903 | €625 | -€278 | -30.8% |
| Recurring financial income | 75 | €903 | €625 | -€278 | -30.8% |
| Financial charges | 65/66B | €73,220 | €151,412 | +€78,191 | +107% |
| Recurring financial charges | 65 | €73,220 | €151,412 | +€78,191 | +107% |
| Profit (loss) for the period before taxes | 9903 | €111,620 | €27,113 | -€84,507 | -75.7% |
| Income taxes | 67/77 | €39,954 | €16,576 | -€23,378 | -58.5% |
| Profit (loss) for the period | 9904 | €71,666 | €10,537 | -€61,129 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,666 | €10,537 | -€61,129 | -85.3% |
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 16 October 2026 via checked.be.