E.L. & C°: 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.
E.L. & C°
Largest movements
- Cash -€35,014
down €35,014 (-27.4%), from €127,663 to €92,649
mainly Other debts (-€18,753) and Debts after one year (-€17,868)
- Tangible fixed assets -€30,515
down €30,515 (-8.5%), from €357,088 to €326,573
- Deferred charges and accrued income +€16,200
up €16,200 (+8100.0%), from €200 to €16,400
- Other debts -€18,753
down €18,753 (-3.0%), from €622,880 to €604,127
- Debts after one year -€17,868
down €17,868 (-74.4%), from €24,022 to €6,154
- Reserves -€13,548
down €13,548 (-29.9%), from €45,278 to €31,730
of which Tax-exempt reserves: -€13,548
- Provisions -€6,976
down €6,976 (-30.0%), from €23,266 to €16,290
- Profit (loss) carried forward +€6,964
up €6,964 (+2.2%), from -€309,511 to -€302,548
- Gross operating margin -€1,083
down €1,083 (-5.4%), from €19,885 to €18,802
- Financial charges -€850
down €850 (-31.5%), from €2,696 to €1,846
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 | €484,951 | €435,622 | -€49,329 | -10.2% |
| Fixed assets | 21/28 | €357,088 | €326,573 | -€30,515 | -8.5% |
| Tangible fixed assets | 22/27 | €357,088 | €326,573 | -€30,515 | -8.5% |
| Land and buildings | 22 | €357,088 | €326,573 | -€30,515 | -8.5% |
| Current assets | 29/58 | €127,863 | €109,049 | -€18,814 | -14.7% |
| Cash at bank and in hand | 54/58 | €127,663 | €92,649 | -€35,014 | -27.4% |
| Deferred charges and accrued income | 490/1 | €200 | €16,400 | +€16,200 | +8100.0% |
| Total equity and liabilities | 10/49 | €484,951 | €435,622 | -€49,329 | -10.2% |
| Equity | 10/15 | -€202,233 | -€208,817 | -€6,584 | -3.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €45,278 | €31,730 | -€13,548 | -29.9% |
| Non-distributable reserves | 130/1 | €95 | €95 | = | 0.0% |
| Legal reserve | 130 | €95 | €95 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,183 | €31,635 | -€13,548 | -30.0% |
| Profit (loss) carried forward | 14 | -€309,511 | -€302,548 | +€6,964 | +2.2% |
| Provisions and deferred taxes | 16 | €23,266 | €16,290 | -€6,976 | -30.0% |
| Deferred taxes | 168 | €23,266 | €16,290 | -€6,976 | -30.0% |
| Amounts payable | 17/49 | €663,918 | €628,149 | -€35,769 | -5.4% |
| Amounts payable after more than one year | 17 | €24,022 | €6,154 | -€17,868 | -74.4% |
| Financial debts | 170/4 | €24,022 | €6,154 | -€17,868 | -74.4% |
| Amounts payable within one year | 42/48 | €639,896 | €621,995 | -€17,901 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €17,016 | €17,868 | +€852 | +5.0% |
| Other amounts payable | 47/48 | €622,880 | €604,127 | -€18,753 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,515 | €30,515 | = | 0.0% |
| Other operating charges | 640/8 | €64 | - | -€64 | |
| Gross operating margin | 9900 | €19,885 | €18,802 | -€1,083 | -5.4% |
| Operating profit (loss) | 9901 | -€10,694 | -€11,714 | -€1,019 | -9.5% |
| Financial charges | 65/66B | €2,696 | €1,846 | -€850 | -31.5% |
| Recurring financial charges | 65 | €2,696 | €1,846 | -€850 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,390 | -€13,560 | -€170 | -1.3% |
| Transfer from deferred taxes | 780 | €6,976 | €6,976 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€6,414 | -€6,584 | -€170 | -2.6% |
| Transfer from tax-exempt reserves | 789 | €13,548 | €13,548 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,133 | €6,964 | -€170 | -2.4% |
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 9 October 2026 via checked.be.