Ellis: 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.
Ellis
Largest movements
- Cash -€8,821
down €8,821 (-27.2%), from €32,462 to €23,641
mainly Contributions, distributions and other (-€33,802) and Trade debts (-€16,344)
- Tangible fixed assets -€4,941
down €4,941 (-21.4%), from €23,084 to €18,143
- Deferred charges and accrued income -€2,534
down €2,534 (-86.4%), from €2,934 to €400
- Reserves -€18,725
down €18,725 (-100%), from €18,725 to €0
- Other debts +€17,302
up €17,302 (+35.5%), from €48,763 to €66,065
- Trade debts -€16,344
down €16,344 (-87.8%), from €18,609 to €2,265
- Tax, wage and social debts +€1,664
up €1,664 (+30.0%), from €5,552 to €7,216
of which Taxes: +€3,664
- Taxes +€6,822
up €6,822 (+1,898%), from €359 to €7,182
- Financial charges -€2,149
down €2,149 (-59.8%), from €3,595 to €1,446
- Other operating charges -€568
down €568 (-58.5%), from €971 to €403
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 | €98,649 | €82,957 | -€15,692 | -15.9% |
| Fixed assets | 21/28 | €38,084 | €33,143 | -€4,941 | -13.0% |
| Tangible fixed assets | 22/27 | €23,084 | €18,143 | -€4,941 | -21.4% |
| Plant, machinery and equipment | 23 | €446 | €78 | -€368 | -82.4% |
| Furniture and vehicles | 24 | €8,359 | €5,933 | -€2,426 | -29.0% |
| Other tangible fixed assets | 26 | €14,278 | €12,132 | -€2,147 | -15.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €60,565 | €49,814 | -€10,751 | -17.8% |
| Amounts receivable within one year | 40/41 | €25,169 | €25,773 | +€604 | +2.4% |
| Trade receivables | 40 | €23,029 | €25,773 | +€2,744 | +11.9% |
| Other amounts receivable | 41 | €2,141 | €0 | -€2,141 | -100% |
| Cash at bank and in hand | 54/58 | €32,462 | €23,641 | -€8,821 | -27.2% |
| Deferred charges and accrued income | 490/1 | €2,934 | €400 | -€2,534 | -86.4% |
| Total equity and liabilities | 10/49 | €98,649 | €82,957 | -€15,692 | -15.9% |
| Equity | 10/15 | €25,725 | €7,000 | -€18,725 | -72.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €18,725 | €0 | -€18,725 | -100% |
| Distributable reserves | 133 | €18,725 | €0 | -€18,725 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,924 | €75,957 | +€3,033 | +4.2% |
| Amounts payable within one year | 42/48 | €72,924 | €75,545 | +€2,621 | +3.6% |
| Trade debts | 44 | €18,609 | €2,265 | -€16,344 | -87.8% |
| Suppliers | 440/4 | €18,609 | €2,265 | -€16,344 | -87.8% |
| Taxes, remuneration and social security | 45 | €5,552 | €7,216 | +€1,664 | +30.0% |
| Taxes | 450/3 | €3,552 | €7,216 | +€3,664 | +103% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €48,763 | €66,065 | +€17,302 | +35.5% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Non-recurring operating income | 76A | - | €1,639 | +€1,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,866 | €4,941 | +€74 | +1.5% |
| Other operating charges | 640/8 | €971 | €403 | -€568 | -58.5% |
| Non-recurring operating charges | 66A | €526 | €0 | -€526 | -100% |
| Gross operating margin | 9900 | €29,043 | €29,049 | +€6 | 0.0% |
| Operating profit (loss) | 9901 | €22,680 | €23,705 | +€1,025 | +4.5% |
| Financial charges | 65/66B | €3,595 | €1,446 | -€2,149 | -59.8% |
| Recurring financial charges | 65 | €3,595 | €1,446 | -€2,149 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €19,084 | €22,259 | +€3,175 | +16.6% |
| Income taxes | 67/77 | €359 | €7,182 | +€6,822 | +1,898% |
| Profit (loss) for the period | 9904 | €18,725 | €15,077 | -€3,648 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,725 | €15,077 | -€3,648 | -19.5% |
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 26 October 2026 via checked.be.