Elyu: 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.
Elyu
Largest movements
- Tangible fixed assets -€47,844
down €47,844 (-14.5%), from €329,955 to €282,110
of which Other tangible fixed assets: -€44,798
- Receivables within one year -€34,472
down €34,472 (-48.3%), from €71,341 to €36,868
of which Trade receivables: -€22,685
- Trade debts -€53,065
down €53,065 (-15.7%), from €337,869 to €284,804
- Debts after one year -€50,524
down €50,524 (-24.0%), from €210,414 to €159,890
- Profit (loss) carried forward +€21,270
up €21,270 (+11.0%), from -€192,710 to -€171,441
- Gross operating margin +€147,679
up €147,679 (+110.0%), from €134,260 to €281,939
- Other operating charges -€8,593
down €8,593 (-77.3%), from €11,115 to €2,522
- Staff costs +€8,222
up €8,222 (+4.5%), from €181,769 to €189,991
- Financial charges -€2,960
down €2,960 (-12.9%), from €23,019 to €20,059
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 | €541,730 | €454,603 | -€87,127 | -16.1% |
| Fixed assets | 21/28 | €329,955 | €282,110 | -€47,844 | -14.5% |
| Tangible fixed assets | 22/27 | €329,955 | €282,110 | -€47,844 | -14.5% |
| Plant, machinery and equipment | 23 | €8,000 | €5,558 | -€2,442 | -30.5% |
| Furniture and vehicles | 24 | €2,594 | €1,989 | -€605 | -23.3% |
| Other tangible fixed assets | 26 | €319,361 | €274,563 | -€44,798 | -14.0% |
| Current assets | 29/58 | €211,775 | €172,493 | -€39,283 | -18.5% |
| Stocks and contracts in progress | 3 | €71,184 | €69,657 | -€1,527 | -2.1% |
| Stocks | 30/36 | €71,184 | €69,657 | -€1,527 | -2.1% |
| Amounts receivable within one year | 40/41 | €71,341 | €36,868 | -€34,472 | -48.3% |
| Trade receivables | 40 | €23,055 | €370 | -€22,685 | -98.4% |
| Other amounts receivable | 41 | €48,285 | €36,498 | -€11,787 | -24.4% |
| Cash at bank and in hand | 54/58 | €52,546 | €50,867 | -€1,679 | -3.2% |
| Deferred charges and accrued income | 490/1 | €16,706 | €15,101 | -€1,605 | -9.6% |
| Total equity and liabilities | 10/49 | €541,730 | €454,603 | -€87,127 | -16.1% |
| Equity | 10/15 | -€97,710 | -€76,441 | +€21,270 | +21.8% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,710 | -€171,441 | +€21,270 | +11.0% |
| Amounts payable | 17/49 | €639,440 | €531,044 | -€108,396 | -17.0% |
| Amounts payable after more than one year | 17 | €210,414 | €159,890 | -€50,524 | -24.0% |
| Financial debts | 170/4 | €210,414 | €159,890 | -€50,524 | -24.0% |
| Amounts payable within one year | 42/48 | €424,498 | €366,632 | -€57,866 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €48,112 | €50,524 | +€2,412 | +5.0% |
| Trade debts | 44 | €337,869 | €284,804 | -€53,065 | -15.7% |
| Suppliers | 440/4 | €337,869 | €284,804 | -€53,065 | -15.7% |
| Taxes, remuneration and social security | 45 | €30,517 | €27,303 | -€3,213 | -10.5% |
| Remuneration and social security | 454/9 | €30,517 | €27,303 | -€3,213 | -10.5% |
| Other amounts payable | 47/48 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €4,528 | €4,522 | -€6 | -0.1% |
| Non-recurring operating income | 76A | €25 | €0 | -€25 | -100.0% |
| Remuneration, social security and pensions | 62 | €181,769 | €189,991 | +€8,222 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,518 | €50,205 | +€687 | +1.4% |
| Other operating charges | 640/8 | €11,115 | €2,522 | -€8,593 | -77.3% |
| Gross operating margin | 9900 | €134,260 | €281,939 | +€147,679 | +110.0% |
| Operating profit (loss) | 9901 | -€108,142 | €39,221 | +€147,363 | |
| Financial income | 75/76B | €1,928 | €2,108 | +€180 | +9.3% |
| Recurring financial income | 75 | €1,928 | €2,108 | +€180 | +9.3% |
| Financial charges | 65/66B | €23,019 | €20,059 | -€2,960 | -12.9% |
| Recurring financial charges | 65 | €23,019 | €20,059 | -€2,960 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€129,233 | €21,270 | +€150,502 | |
| Profit (loss) for the period | 9904 | -€129,233 | €21,270 | +€150,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,233 | €21,270 | +€150,502 |
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 8 October 2026 via checked.be.