FULL HOUSE ELS: what changed
FULL HOUSE ELS
Largest movements
- Cash +€28,245
up €28,245 (+41.0%), from €68,872 to €97,117
mainly Net result for the year (+€34,336) and Depreciation (+€13,684)
- Tangible fixed assets -€12,357
down €12,357 (-22.3%), from €55,346 to €42,989
of which Furniture and vehicles: -€8,367
- Receivables within one year +€7,276
up €7,276 (+67.3%), from €10,807 to €18,083
of which Trade receivables: +€7,276
- Reserves +€31,336
up €31,336 (+34.4%), from €91,187 to €122,523
- Debts after one year -€5,251
down €5,251 (-26.3%), from €19,950 to €14,698
- Other debts +€3,757
up €3,757 (+1,312%), from €286 to €4,043
- Short-term financial debts -€2,929
down €2,929 (-28.7%), from €10,204 to €7,275
- Tax, wage and social debts -€1,846
down €1,846 (-11.1%), from €16,671 to €14,825
of which Remuneration and social security: -€6,282
- Gross operating margin +€39,749
up €39,749 (+30.7%), from €129,561 to €169,311
- Staff costs +€14,810
up €14,810 (+16.0%), from €92,805 to €107,615
- Taxes +€6,280
up €6,280 (+124%), from €5,079 to €11,358
- Depreciation +€4,815
up €4,815 (+54.3%), from €8,868 to €13,684
- Financial income +€3,532
up €3,532 (+388%), from €910 to €4,442
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,016 | €180,208 | +€24,192 | +15.5% |
| Fixed assets | 21/28 | €57,653 | €45,298 | -€12,355 | -21.4% |
| Tangible fixed assets | 22/27 | €55,346 | €42,989 | -€12,357 | -22.3% |
| Land and buildings | 22 | €5,719 | €4,566 | -€1,152 | -20.1% |
| Plant, machinery and equipment | 23 | €9,963 | €7,125 | -€2,838 | -28.5% |
| Furniture and vehicles | 24 | €39,665 | €31,298 | -€8,367 | -21.1% |
| Financial fixed assets | 28 | €2,307 | €2,308 | +€2 | +0.1% |
| Current assets | 29/58 | €98,363 | €134,911 | +€36,548 | +37.2% |
| Stocks and contracts in progress | 3 | €17,232 | €17,232 | = | 0.0% |
| Stocks | 30/36 | €17,232 | €17,232 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,807 | €18,083 | +€7,276 | +67.3% |
| Trade receivables | 40 | €9,885 | €17,161 | +€7,276 | +73.6% |
| Other amounts receivable | 41 | €921 | €921 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,872 | €97,117 | +€28,245 | +41.0% |
| Deferred charges and accrued income | 490/1 | €1,452 | €2,479 | +€1,027 | +70.8% |
| Total equity and liabilities | 10/49 | €156,016 | €180,208 | +€24,192 | +15.5% |
| Equity | 10/15 | €97,387 | €128,723 | +€31,336 | +32.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,187 | €122,523 | +€31,336 | +34.4% |
| Distributable reserves | 133 | €91,187 | €122,523 | +€31,336 | +34.4% |
| Amounts payable | 17/49 | €58,629 | €51,485 | -€7,143 | -12.2% |
| Amounts payable after more than one year | 17 | €19,950 | €14,698 | -€5,251 | -26.3% |
| Financial debts | 170/4 | €19,950 | €14,698 | -€5,251 | -26.3% |
| Amounts payable within one year | 42/48 | €38,679 | €36,363 | -€2,316 | -6.0% |
| Financial debts | 43 | €10,204 | €7,275 | -€2,929 | -28.7% |
| Credit institutions | 430/8 | €10,204 | €7,275 | -€2,929 | -28.7% |
| Trade debts | 44 | €11,518 | €10,220 | -€1,298 | -11.3% |
| Suppliers | 440/4 | €11,518 | €10,220 | -€1,298 | -11.3% |
| Taxes, remuneration and social security | 45 | €16,671 | €14,825 | -€1,846 | -11.1% |
| Taxes | 450/3 | €2,160 | €6,597 | +€4,437 | +205% |
| Remuneration and social security | 454/9 | €14,511 | €8,228 | -€6,282 | -43.3% |
| Other amounts payable | 47/48 | €286 | €4,043 | +€3,757 | +1,312% |
| Accrued charges and deferred income | 492/3 | - | €424 | +€424 | |
| Non-recurring operating income | 76A | €9,227 | €4,528 | -€4,699 | -50.9% |
| Remuneration, social security and pensions | 62 | €92,805 | €107,615 | +€14,810 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,868 | €13,684 | +€4,815 | +54.3% |
| Other operating charges | 640/8 | €873 | €735 | -€138 | -15.8% |
| Gross operating margin | 9900 | €129,561 | €169,311 | +€39,749 | +30.7% |
| Operating profit (loss) | 9901 | €27,016 | €47,277 | +€20,261 | +75.0% |
| Financial income | 75/76B | €910 | €4,442 | +€3,532 | +388% |
| Recurring financial income | 75 | €910 | €4,442 | +€3,532 | +388% |
| Financial charges | 65/66B | €6,476 | €6,025 | -€451 | -7.0% |
| Recurring financial charges | 65 | €6,476 | €6,025 | -€451 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €21,450 | €45,694 | +€24,245 | +113% |
| Income taxes | 67/77 | €5,079 | €11,358 | +€6,280 | +124% |
| Profit (loss) for the period | 9904 | €16,371 | €34,336 | +€17,965 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €16,371 | €34,336 | +€17,965 | +110% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.