FTH & ELI: 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.
FTH & ELI
Largest movements
- Receivables within one year +€698
up €698 (+15.0%), from €4,657 to €5,355
of which Trade receivables: +€1,199
- Cash +€459
up €459 (+11.4%), from €4,025 to €4,484
mainly Trade debts (+€681) and Net result for the year (+€295)
- Trade debts +€681
up €681 (+186.5%), from €365 to €1,047
- Profit (loss) carried forward +€295
up €295 (+2913.1%), from €10 to €305
- Gross operating margin -€1,533
down €1,533 (-69.5%), from €2,206 to €673
- Taxes -€549
down €549 (-75.9%), from €723 to €174
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 | €23,719 | €24,863 | +€1,145 | +4.8% |
| Current assets | 29/58 | €23,719 | €24,863 | +€1,145 | +4.8% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €37 | €25 | -€12 | -33.3% |
| Stocks | 30/36 | €37 | €25 | -€12 | -33.3% |
| Amounts receivable within one year | 40/41 | €4,657 | €5,355 | +€698 | +15.0% |
| Trade receivables | 40 | €1,047 | €2,246 | +€1,199 | +114.5% |
| Other amounts receivable | 41 | €3,610 | €3,109 | -€501 | -13.9% |
| Cash at bank and in hand | 54/58 | €4,025 | €4,484 | +€459 | +11.4% |
| Total equity and liabilities | 10/49 | €23,719 | €24,863 | +€1,145 | +4.8% |
| Equity | 10/15 | €22,470 | €22,765 | +€295 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,860 | €3,860 | = | 0.0% |
| Distributable reserves | 133 | €3,860 | €3,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10 | €305 | +€295 | +2913.1% |
| Amounts payable | 17/49 | €1,248 | €2,098 | +€850 | +68.1% |
| Amounts payable within one year | 42/48 | €1,183 | €2,031 | +€848 | +71.7% |
| Trade debts | 44 | €365 | €1,047 | +€681 | +186.5% |
| Suppliers | 440/4 | €365 | €1,047 | +€681 | +186.5% |
| Taxes, remuneration and social security | 45 | €817 | €984 | +€167 | +20.4% |
| Taxes | 450/3 | €817 | €984 | +€167 | +20.4% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,206 | €673 | -€1,533 | -69.5% |
| Operating profit (loss) | 9901 | €1,818 | €273 | -€1,545 | -85.0% |
| Financial income | 75/76B | €584 | €599 | +€15 | +2.6% |
| Recurring financial income | 75 | €584 | €599 | +€15 | +2.6% |
| Financial charges | 65/66B | €392 | €403 | +€11 | +2.9% |
| Recurring financial charges | 65 | €392 | €403 | +€11 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €2,010 | €469 | -€1,541 | -76.7% |
| Income taxes | 67/77 | €723 | €174 | -€549 | -75.9% |
| Profit (loss) for the period | 9904 | €1,287 | €295 | -€992 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,287 | €295 | -€992 | -77.1% |
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 4 October 2026 via checked.be.