Dr. ELX: 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.
Dr. ELX
Largest movements
- Receivables within one year +€13,375
up €13,375 (+810.1%), from €1,651 to €15,027
- Deferred charges and accrued income +€3,585
up €3,585 (+14.3%), from €25,021 to €28,606
- Tangible fixed assets -€1,670
down €1,670 (-31.7%), from €5,266 to €3,597
of which Furniture and vehicles: -€1,239
- Cash -€1,154
down €1,154 (-2.0%), from €58,390 to €57,236
mainly Contributions, distributions and other (-€35,000) and Receivables within one year (-€13,375)
- Reserves +€15,700
up €15,700 (+26.7%), from €58,802 to €74,502
- Trade debts -€1,240
down €1,240 (-13.0%), from €9,519 to €8,279
- Gross operating margin -€3,189
down €3,189 (-4.5%), from €71,104 to €67,915
- Depreciation +€1,019
up €1,019 (+156.6%), from €651 to €1,670
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 | €90,329 | €104,465 | +€14,137 | +15.7% |
| Fixed assets | 21/28 | €5,266 | €3,597 | -€1,670 | -31.7% |
| Tangible fixed assets | 22/27 | €5,266 | €3,597 | -€1,670 | -31.7% |
| Land and buildings | 22 | €4,027 | €3,597 | -€431 | -10.7% |
| Furniture and vehicles | 24 | €1,239 | - | -€1,239 | |
| Current assets | 29/58 | €85,062 | €100,869 | +€15,807 | +18.6% |
| Amounts receivable within one year | 40/41 | €1,651 | €15,027 | +€13,375 | +810.1% |
| Other amounts receivable | 41 | €1,651 | €15,027 | +€13,375 | +810.1% |
| Cash at bank and in hand | 54/58 | €58,390 | €57,236 | -€1,154 | -2.0% |
| Deferred charges and accrued income | 490/1 | €25,021 | €28,606 | +€3,585 | +14.3% |
| Total equity and liabilities | 10/49 | €90,329 | €104,465 | +€14,137 | +15.7% |
| Equity | 10/15 | €77,402 | €93,102 | +€15,700 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,802 | €74,502 | +€15,700 | +26.7% |
| Distributable reserves | 133 | €58,802 | €74,502 | +€15,700 | +26.7% |
| Amounts payable | 17/49 | €12,927 | €11,363 | -€1,563 | -12.1% |
| Amounts payable within one year | 42/48 | €12,855 | €10,899 | -€1,955 | -15.2% |
| Trade debts | 44 | €9,519 | €8,279 | -€1,240 | -13.0% |
| Suppliers | 440/4 | €9,519 | €8,279 | -€1,240 | -13.0% |
| Taxes, remuneration and social security | 45 | €2,331 | €1,977 | -€353 | -15.2% |
| Taxes | 450/3 | €353 | - | -€353 | |
| Remuneration and social security | 454/9 | €1,977 | €1,977 | = | 0.0% |
| Other amounts payable | 47/48 | €1,005 | €643 | -€362 | -36.0% |
| Accrued charges and deferred income | 492/3 | €72 | €464 | +€392 | +543.7% |
| Non-recurring operating income | 76A | €242 | - | -€242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €1,670 | +€1,019 | +156.6% |
| Other operating charges | 640/8 | €963 | €873 | -€90 | -9.4% |
| Gross operating margin | 9900 | €71,104 | €67,915 | -€3,189 | -4.5% |
| Operating profit (loss) | 9901 | €69,489 | €65,372 | -€4,118 | -5.9% |
| Financial charges | 65/66B | €682 | €280 | -€402 | -59.0% |
| Recurring financial charges | 65 | €682 | €280 | -€402 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €68,807 | €65,092 | -€3,715 | -5.4% |
| Income taxes | 67/77 | €14,951 | €14,392 | -€559 | -3.7% |
| Profit (loss) for the period | 9904 | €53,856 | €50,700 | -€3,156 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,856 | €50,700 | -€3,156 | -5.9% |
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 30 September 2026 via checked.be.