ELTAFIN: 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.
ELTAFIN
Largest movements
- Cash -€77,344
down €77,344 (-92.3%), from €83,756 to €6,412
mainly Tax, wage and social debts (-€77,311) and Current investments (-€4,000)
- Current investments +€4,000
up €4,000 (+1.6%), from €245,000 to €249,000
- Tax, wage and social debts -€77,311
down €77,311 (-81.8%), from €94,467 to €17,156
- Gross operating margin -€71,379
down €71,379, from €68,570 to -€2,809
- Taxes -€16,879
down €16,879 (-94.0%), from €17,958 to €1,079
- Depreciation -€6,094
no longer reported in 2025 (was €6,094)
- Financial income +€4,798
up €4,798 (+188.0%), from €2,552 to €7,350
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 | €328,834 | €256,620 | -€72,214 | -22.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Current assets | 29/58 | €328,834 | €256,620 | -€72,214 | -22.0% |
| Amounts receivable within one year | 40/41 | €78 | €1,208 | +€1,130 | +1448.6% |
| Other amounts receivable | 41 | €78 | €1,208 | +€1,130 | +1448.6% |
| Current investments | 50/53 | €245,000 | €249,000 | +€4,000 | +1.6% |
| Cash at bank and in hand | 54/58 | €83,756 | €6,412 | -€77,344 | -92.3% |
| Total equity and liabilities | 10/49 | €328,834 | €256,620 | -€72,214 | -22.0% |
| Equity | 10/15 | €227,263 | €230,139 | +€2,876 | +1.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €225,263 | €228,139 | +€2,876 | +1.3% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €225,063 | €227,939 | +€2,876 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €101,571 | €26,481 | -€75,090 | -73.9% |
| Amounts payable within one year | 42/48 | €101,007 | €25,917 | -€75,090 | -74.3% |
| Trade debts | 44 | €30 | €30 | = | 0.0% |
| Suppliers | 440/4 | €30 | €30 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €94,467 | €17,156 | -€77,311 | -81.8% |
| Taxes | 450/3 | €94,467 | €17,156 | -€77,311 | -81.8% |
| Other amounts payable | 47/48 | €6,510 | €8,731 | +€2,221 | +34.1% |
| Accrued charges and deferred income | 492/3 | €564 | €564 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,094 | - | -€6,094 | |
| Other operating charges | 640/8 | €141 | €544 | +€403 | +285.7% |
| Gross operating margin | 9900 | €68,570 | -€2,809 | -€71,379 | |
| Operating profit (loss) | 9901 | €62,335 | -€3,353 | -€65,688 | |
| Financial income | 75/76B | €2,552 | €7,350 | +€4,798 | +188.0% |
| Recurring financial income | 75 | €2,552 | €7,350 | +€4,798 | +188.0% |
| Financial charges | 65/66B | €30 | €43 | +€13 | +43.8% |
| Recurring financial charges | 65 | €30 | €43 | +€13 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €64,857 | €3,955 | -€60,902 | -93.9% |
| Income taxes | 67/77 | €17,958 | €1,079 | -€16,879 | -94.0% |
| Profit (loss) for the period | 9904 | €46,899 | €2,876 | -€44,023 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,899 | €2,876 | -€44,023 | -93.9% |
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.