ELTEEJEE: 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.
ELTEEJEE
Largest movements
- Cash -€8,111
down €8,111 (-9.8%), from €82,969 to €74,857
mainly Contributions, distributions and other (-€109,598) and Investment in fixed assets (net) (-€12,021)
- Tangible fixed assets +€8,002
up €8,002 (+158%), from €5,053 to €13,055
of which Plant, machinery and equipment: +€9,548
- Other debts +€62,250
up €62,250 (+146%), from €42,643 to €104,893
- Reserves -€61,127
down €61,127 (-100%), from €61,127 to €0
- Tax, wage and social debts -€1,321
down €1,321 (-13.2%), from €10,030 to €8,709
of which Taxes: -€1,321
- Gross operating margin +€4,689
up €4,689 (+7.4%), from €63,473 to €68,162
- Depreciation -€1,326
down €1,326 (-24.8%), from €5,346 to €4,019
- Taxes +€1,270
up €1,270 (+10.2%), from €12,495 to €13,765
- Other operating charges -€1,109
down €1,109 (-39.5%), from €2,805 to €1,696
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 | €121,204 | €121,443 | +€239 | +0.2% |
| Fixed assets | 21/28 | €5,053 | €13,055 | +€8,002 | +158% |
| Tangible fixed assets | 22/27 | €5,053 | €13,055 | +€8,002 | +158% |
| Plant, machinery and equipment | 23 | €2,425 | €11,973 | +€9,548 | +394% |
| Furniture and vehicles | 24 | €2,255 | €955 | -€1,300 | -57.6% |
| Other tangible fixed assets | 26 | €373 | €127 | -€246 | -66.0% |
| Current assets | 29/58 | €116,152 | €108,389 | -€7,763 | -6.7% |
| Amounts receivable within one year | 40/41 | €31,141 | €31,295 | +€153 | +0.5% |
| Trade receivables | 40 | €30,336 | €30,752 | +€416 | +1.4% |
| Other amounts receivable | 41 | €806 | €543 | -€262 | -32.6% |
| Cash at bank and in hand | 54/58 | €82,969 | €74,857 | -€8,111 | -9.8% |
| Deferred charges and accrued income | 490/1 | €2,042 | €2,236 | +€195 | +9.5% |
| Total equity and liabilities | 10/49 | €121,204 | €121,443 | +€239 | +0.2% |
| Equity | 10/15 | €66,127 | €5,000 | -€61,127 | -92.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,127 | €0 | -€61,127 | -100% |
| Distributable reserves | 133 | €61,127 | €0 | -€61,127 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,078 | €116,443 | +€61,365 | +111% |
| Amounts payable within one year | 42/48 | €53,954 | €115,643 | +€61,689 | +114% |
| Trade debts | 44 | €1,281 | €2,040 | +€759 | +59.3% |
| Suppliers | 440/4 | €1,281 | €2,040 | +€759 | +59.3% |
| Taxes, remuneration and social security | 45 | €10,030 | €8,709 | -€1,321 | -13.2% |
| Taxes | 450/3 | €7,849 | €6,529 | -€1,321 | -16.8% |
| Remuneration and social security | 454/9 | €2,180 | €2,180 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €42,643 | €104,893 | +€62,250 | +146% |
| Accrued charges and deferred income | 492/3 | €1,124 | €800 | -€324 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,346 | €4,019 | -€1,326 | -24.8% |
| Other operating charges | 640/8 | €2,805 | €1,696 | -€1,109 | -39.5% |
| Gross operating margin | 9900 | €63,473 | €68,162 | +€4,689 | +7.4% |
| Operating profit (loss) | 9901 | €55,322 | €62,447 | +€7,125 | +12.9% |
| Financial income | 75/76B | €11 | €1 | -€10 | -91.7% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -91.7% |
| Financial charges | 65/66B | €195 | €212 | +€17 | +8.8% |
| Recurring financial charges | 65 | €195 | €212 | +€17 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €55,139 | €62,236 | +€7,097 | +12.9% |
| Income taxes | 67/77 | €12,495 | €13,765 | +€1,270 | +10.2% |
| Profit (loss) for the period | 9904 | €42,643 | €48,471 | +€5,828 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,643 | €48,471 | +€5,828 | +13.7% |
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 31 October 2026 via checked.be.