E.L.G.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.G.C.
Largest movements
- Cash +€120,983
up €120,983 (+626%), from €19,336 to €140,319
mainly Current investments (+€120,000) and Depreciation (+€17,545)
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Tangible fixed assets -€16,634
down €16,634 (-16.6%), from €100,115 to €83,481
of which Furniture and vehicles: -€9,986
- Other debts -€15,339
down €15,339 (-75.6%), from €20,295 to €4,955
- Tax, wage and social debts -€8,860
down €8,860 (-51.9%), from €17,069 to €8,209
- Reserves +€4,527
up €4,527 (+4.0%), from €113,989 to €118,516
- Trade debts +€3,456
up €3,456 (+217%), from €1,591 to €5,046
- Gross operating margin -€21,950
down €21,950 (-43.2%), from €50,785 to €28,835
- Taxes -€4,515
down €4,515 (-51.6%), from €8,749 to €4,234
- Financial charges -€3,183
down €3,183 (-66.4%), from €4,795 to €1,612
- Depreciation +€2,276
up €2,276 (+14.9%), from €15,269 to €17,545
- Financial income -€646
down €646 (-24.5%), from €2,639 to €1,993
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 | €274,582 | €256,857 | -€17,725 | -6.5% |
| Fixed assets | 21/28 | €100,115 | €83,481 | -€16,634 | -16.6% |
| Tangible fixed assets | 22/27 | €100,115 | €83,481 | -€16,634 | -16.6% |
| Land and buildings | 22 | €18,324 | €17,852 | -€472 | -2.6% |
| Plant, machinery and equipment | 23 | €38,300 | €32,124 | -€6,176 | -16.1% |
| Furniture and vehicles | 24 | €43,491 | €33,505 | -€9,986 | -23.0% |
| Current assets | 29/58 | €174,467 | €173,376 | -€1,091 | -0.6% |
| Amounts receivable within one year | 40/41 | €31,085 | €31,749 | +€664 | +2.1% |
| Trade receivables | 40 | €22,070 | €20,160 | -€1,910 | -8.7% |
| Other amounts receivable | 41 | €9,015 | €11,588 | +€2,574 | +28.5% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €19,336 | €140,319 | +€120,983 | +626% |
| Deferred charges and accrued income | 490/1 | €4,046 | €1,308 | -€2,737 | -67.7% |
| Total equity and liabilities | 10/49 | €274,582 | €256,857 | -€17,725 | -6.5% |
| Equity | 10/15 | €233,010 | €237,537 | +€4,527 | +1.9% |
| Contributions | 10/11 | €119,021 | €119,021 | = | 0.0% |
| Reserves | 13 | €113,989 | €118,516 | +€4,527 | +4.0% |
| Distributable reserves | 133 | €113,989 | €118,516 | +€4,527 | +4.0% |
| Amounts payable | 17/49 | €41,572 | €19,319 | -€22,252 | -53.5% |
| Amounts payable within one year | 42/48 | €38,954 | €18,211 | -€20,743 | -53.3% |
| Trade debts | 44 | €1,591 | €5,046 | +€3,456 | +217% |
| Suppliers | 440/4 | €1,591 | €5,046 | +€3,456 | +217% |
| Taxes, remuneration and social security | 45 | €17,069 | €8,209 | -€8,860 | -51.9% |
| Taxes | 450/3 | €17,069 | €8,209 | -€8,860 | -51.9% |
| Other amounts payable | 47/48 | €20,295 | €4,955 | -€15,339 | -75.6% |
| Accrued charges and deferred income | 492/3 | €2,618 | €1,108 | -€1,509 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,269 | €17,545 | +€2,276 | +14.9% |
| Other operating charges | 640/8 | €1,714 | €1,244 | -€471 | -27.5% |
| Gross operating margin | 9900 | €50,785 | €28,835 | -€21,950 | -43.2% |
| Operating profit (loss) | 9901 | €33,802 | €10,046 | -€23,756 | -70.3% |
| Financial income | 75/76B | €2,639 | €1,993 | -€646 | -24.5% |
| Recurring financial income | 75 | €2,639 | €1,993 | -€646 | -24.5% |
| Financial charges | 65/66B | €4,795 | €1,612 | -€3,183 | -66.4% |
| Recurring financial charges | 65 | €4,795 | €1,612 | -€3,183 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €31,646 | €10,427 | -€21,219 | -67.1% |
| Income taxes | 67/77 | €8,749 | €4,234 | -€4,515 | -51.6% |
| Profit (loss) for the period | 9904 | €22,898 | €6,193 | -€16,704 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,898 | €6,193 | -€16,704 | -73.0% |
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 30 October 2026 via checked.be.