EllaCo: what changed
EllaCo
Largest movements
- Cash +€31,902
up €31,902 (+54.5%), from €58,528 to €90,430
mainly Net result for the year (+€29,820) and Depreciation (+€14,471)
- Tangible fixed assets -€14,471
down €14,471 (-56.8%), from €25,474 to €11,004
of which Furniture and vehicles: -€12,810
- Current investments +€10,951
up €10,951 (+11.4%), from €96,054 to €107,005
- Receivables within one year +€5,329
up €5,329 (+28.4%), from €18,788 to €24,117
of which Trade receivables: +€5,489
- Reserves +€29,820
up €29,820 (+17.8%), from €167,501 to €197,322
- Trade debts +€5,053
up €5,053, from €0 to €5,053
- Tax, wage and social debts +€3,481
up €3,481 (+84.8%), from €4,106 to €7,587
of which Taxes: +€3,481
- Gross operating margin +€7,884
up €7,884 (+15.9%), from €49,712 to €57,596
- Taxes +€2,564
up €2,564 (+25.3%), from €10,132 to €12,696
- Depreciation -€1,109
down €1,109 (-7.1%), from €15,579 to €14,471
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 | €198,845 | €234,807 | +€35,962 | +18.1% |
| Fixed assets | 21/28 | €25,474 | €11,004 | -€14,471 | -56.8% |
| Tangible fixed assets | 22/27 | €25,474 | €11,004 | -€14,471 | -56.8% |
| Plant, machinery and equipment | 23 | €2,052 | €391 | -€1,661 | -80.9% |
| Furniture and vehicles | 24 | €23,422 | €10,613 | -€12,810 | -54.7% |
| Current assets | 29/58 | €173,370 | €223,803 | +€50,433 | +29.1% |
| Amounts receivable within one year | 40/41 | €18,788 | €24,117 | +€5,329 | +28.4% |
| Trade receivables | 40 | €18,628 | €24,117 | +€5,489 | +29.5% |
| Other amounts receivable | 41 | €160 | €0 | -€160 | -100% |
| Current investments | 50/53 | €96,054 | €107,005 | +€10,951 | +11.4% |
| Cash at bank and in hand | 54/58 | €58,528 | €90,430 | +€31,902 | +54.5% |
| Deferred charges and accrued income | 490/1 | - | €2,251 | +€2,251 | |
| Total equity and liabilities | 10/49 | €198,845 | €234,807 | +€35,962 | +18.1% |
| Equity | 10/15 | €186,101 | €215,922 | +€29,820 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,501 | €197,322 | +€29,820 | +17.8% |
| Distributable reserves | 133 | €167,501 | €197,322 | +€29,820 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €12,743 | €18,885 | +€6,142 | +48.2% |
| Amounts payable within one year | 42/48 | €12,743 | €18,885 | +€6,142 | +48.2% |
| Financial debts | 43 | €250 | €0 | -€250 | -100% |
| Credit institutions | 430/8 | €250 | €0 | -€250 | -100% |
| Trade debts | 44 | €0 | €5,053 | +€5,053 | |
| Suppliers | 440/4 | €0 | €5,053 | +€5,053 | |
| Taxes, remuneration and social security | 45 | €4,106 | €7,587 | +€3,481 | +84.8% |
| Taxes | 450/3 | €4,106 | €7,587 | +€3,481 | +84.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,388 | €6,246 | -€2,142 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,579 | €14,471 | -€1,109 | -7.1% |
| Other operating charges | 640/8 | €769 | €518 | -€251 | -32.6% |
| Gross operating margin | 9900 | €49,712 | €57,596 | +€7,884 | +15.9% |
| Operating profit (loss) | 9901 | €33,364 | €42,608 | +€9,244 | +27.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €134 | €92 | -€43 | -31.8% |
| Recurring financial charges | 65 | €134 | €92 | -€43 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €33,229 | €42,516 | +€9,287 | +27.9% |
| Income taxes | 67/77 | €10,132 | €12,696 | +€2,564 | +25.3% |
| Profit (loss) for the period | 9904 | €23,097 | €29,820 | +€6,723 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,097 | €29,820 | +€6,723 | +29.1% |
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.