ELU-D: 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.
ELU-D
Largest movements
- Receivables within one year +€12,039
up €12,039 (+142.1%), from €8,470 to €20,510
- Cash +€1,625
up €1,625 (+11.8%), from €13,724 to €15,349
mainly Net result for the year (+€13,751) and Other debts (+€12,750)
- Other debts +€12,750
new in 2025: €12,750
- Trade debts +€1,444
up €1,444 (+159.7%), from €904 to €2,348
- Profit (loss) carried forward -€1,249
down €1,249 (-48.2%), from €2,588 to €1,339
- Tax, wage and social debts +€719
up €719 (+4.6%), from €15,702 to €16,421
of which Taxes: +€551
- Gross operating margin +€11,196
up €11,196 (+127.9%), from €8,751 to €19,947
- Taxes +€2,585
up €2,585 (+85.7%), from €3,015 to €5,600
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 | €22,194 | €35,858 | +€13,664 | +61.6% |
| Current assets | 29/58 | €22,194 | €35,858 | +€13,664 | +61.6% |
| Amounts receivable within one year | 40/41 | €8,470 | €20,510 | +€12,039 | +142.1% |
| Trade receivables | 40 | €8,470 | €20,510 | +€12,039 | +142.1% |
| Cash at bank and in hand | 54/58 | €13,724 | €15,349 | +€1,625 | +11.8% |
| Total equity and liabilities | 10/49 | €22,194 | €35,858 | +€13,664 | +61.6% |
| Equity | 10/15 | €5,588 | €4,339 | -€1,249 | -22.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,588 | €1,339 | -€1,249 | -48.2% |
| Amounts payable | 17/49 | €16,606 | €31,519 | +€14,913 | +89.8% |
| Amounts payable within one year | 42/48 | €16,606 | €31,519 | +€14,913 | +89.8% |
| Trade debts | 44 | €904 | €2,348 | +€1,444 | +159.7% |
| Suppliers | 440/4 | €904 | €2,348 | +€1,444 | +159.7% |
| Taxes, remuneration and social security | 45 | €15,702 | €16,421 | +€719 | +4.6% |
| Taxes | 450/3 | €15,702 | €16,253 | +€551 | +3.5% |
| Remuneration and social security | 454/9 | - | €168 | +€168 | |
| Other amounts payable | 47/48 | - | €12,750 | +€12,750 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €8,751 | €19,947 | +€11,196 | +127.9% |
| Operating profit (loss) | 9901 | €8,364 | €19,547 | +€11,183 | +133.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €180 | €196 | +€15 | +8.5% |
| Recurring financial charges | 65 | €180 | €196 | +€15 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €8,184 | €19,352 | +€11,168 | +136.5% |
| Income taxes | 67/77 | €3,015 | €5,600 | +€2,585 | +85.7% |
| Profit (loss) for the period | 9904 | €5,168 | €13,751 | +€8,583 | +166.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,168 | €13,751 | +€8,583 | +166.1% |
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 6 October 2026 via checked.be.