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.
ELODIE
Largest movements
- Stocks and contracts +€1,500
up €1,500 (+150%), from €1,000 to €2,500
- Cash -€1,430
down €1,430 (-75.1%), from €1,905 to €475
mainly Net result for the year (-€21,526) and Investment in fixed assets (net) (-€3,525)
- Tangible fixed assets +€1,311
up €1,311 (+19.6%), from €6,681 to €7,992
of which Plant, machinery and equipment: +€2,511
- Financial fixed assets +€150
new in 2025: €150
- Tax, wage and social debts +€22,501
up €22,501 (+225%), from €10,004 to €32,505
of which Remuneration and social security: +€19,643
- Profit (loss) carried forward -€21,526
down €21,526 (-157%), from -€13,703 to -€35,229
- Trade debts +€2,386
up €2,386 (+61.7%), from €3,870 to €6,256
- Other debts -€1,829
down €1,829 (-21.1%), from €8,667 to €6,838
- Gross operating margin -€6,405
down €6,405 (-55.1%), from -€11,620 to -€18,025
- Depreciation +€1,430
up €1,430 (+226%), from €634 to €2,064
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,838 | €11,370 | +€1,532 | +15.6% |
| Fixed assets | 21/28 | €6,681 | €8,142 | +€1,461 | +21.9% |
| Tangible fixed assets | 22/27 | €6,681 | €7,992 | +€1,311 | +19.6% |
| Plant, machinery and equipment | 23 | €1,084 | €3,595 | +€2,511 | +232% |
| Furniture and vehicles | 24 | €5,597 | €4,397 | -€1,200 | -21.4% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €3,157 | €3,228 | +€71 | +2.2% |
| Stocks and contracts in progress | 3 | €1,000 | €2,500 | +€1,500 | +150% |
| Stocks | 30/36 | €1,000 | €2,500 | +€1,500 | +150% |
| Cash at bank and in hand | 54/58 | €1,905 | €475 | -€1,430 | -75.1% |
| Deferred charges and accrued income | 490/1 | €253 | €253 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €9,838 | €11,370 | +€1,532 | +15.6% |
| Equity | 10/15 | -€12,703 | -€34,229 | -€21,526 | -169% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,703 | -€35,229 | -€21,526 | -157% |
| Amounts payable | 17/49 | €22,541 | €45,599 | +€23,058 | +102% |
| Amounts payable within one year | 42/48 | €22,541 | €45,599 | +€23,058 | +102% |
| Trade debts | 44 | €3,870 | €6,256 | +€2,386 | +61.7% |
| Suppliers | 440/4 | €3,870 | €6,256 | +€2,386 | +61.7% |
| Taxes, remuneration and social security | 45 | €10,004 | €32,505 | +€22,501 | +225% |
| Taxes | 450/3 | €1,092 | €3,950 | +€2,857 | +262% |
| Remuneration and social security | 454/9 | €8,912 | €28,555 | +€19,643 | +220% |
| Other amounts payable | 47/48 | €8,667 | €6,838 | -€1,829 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €2,064 | +€1,430 | +226% |
| Other operating charges | 640/8 | €1,332 | €1,368 | +€36 | +2.7% |
| Gross operating margin | 9900 | -€11,620 | -€18,025 | -€6,405 | -55.1% |
| Operating profit (loss) | 9901 | -€13,586 | -€21,458 | -€7,871 | -57.9% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €116 | €69 | -€48 | -41.2% |
| Recurring financial charges | 65 | €116 | €69 | -€48 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,703 | -€21,526 | -€7,823 | -57.1% |
| Profit (loss) for the period | 9904 | -€13,703 | -€21,526 | -€7,823 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,703 | -€21,526 | -€7,823 | -57.1% |
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 18 October 2026 via checked.be.