E.L.O. Partners: what changed
E.L.O. Partners
Largest movements
- Tangible fixed assets -€7,296
down €7,296 (-79.9%), from €9,132 to €1,835
of which Furniture and vehicles: -€7,290
- Deferred charges and accrued income -€134
down €134 (-19.9%), from €670 to €536
- Profit (loss) carried forward -€13,875
down €13,875 (-26.9%), from -€51,520 to -€65,395
- Other debts +€5,781
up €5,781 (+20.6%), from €28,061 to €33,842
- Trade debts +€404
up €404 (+875%), from €46 to €450
- Tax, wage and social debts +€180
new in 2025: €180
- Gross operating margin -€1,796
down €1,796 (-390%), from -€461 to -€2,256
- Depreciation -€1,637
down €1,637 (-18.3%), from €8,927 to €7,290
- Other operating charges +€955
up €955 (+97.3%), from €982 to €1,938
- Financial charges -€370
down €370 (-15.3%), from €2,417 to €2,047
- Taxes +€113
up €113 (+49.1%), from €231 to €344
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 | €10,587 | €3,077 | -€7,510 | -70.9% |
| Fixed assets | 21/28 | €9,132 | €1,835 | -€7,296 | -79.9% |
| Tangible fixed assets | 22/27 | €9,132 | €1,835 | -€7,296 | -79.9% |
| Furniture and vehicles | 24 | €9,125 | €1,835 | -€7,290 | -79.9% |
| Other tangible fixed assets | 26 | €7 | - | -€7 | |
| Current assets | 29/58 | €1,456 | €1,242 | -€214 | -14.7% |
| Cash at bank and in hand | 54/58 | €785 | €705 | -€80 | -10.2% |
| Deferred charges and accrued income | 490/1 | €670 | €536 | -€134 | -19.9% |
| Total equity and liabilities | 10/49 | €10,587 | €3,077 | -€7,510 | -70.9% |
| Equity | 10/15 | -€41,520 | -€55,395 | -€13,875 | -33.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,520 | -€65,395 | -€13,875 | -26.9% |
| Amounts payable | 17/49 | €52,107 | €58,472 | +€6,365 | +12.2% |
| Amounts payable within one year | 42/48 | €52,107 | €58,472 | +€6,365 | +12.2% |
| Financial debts | 43 | €24,000 | €24,000 | = | 0.0% |
| Credit institutions | 430/8 | €24,000 | €24,000 | = | 0.0% |
| Trade debts | 44 | €46 | €450 | +€404 | +875% |
| Suppliers | 440/4 | €46 | €450 | +€404 | +875% |
| Taxes, remuneration and social security | 45 | - | €180 | +€180 | |
| Taxes | 450/3 | - | €180 | +€180 | |
| Other amounts payable | 47/48 | €28,061 | €33,842 | +€5,781 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,927 | €7,290 | -€1,637 | -18.3% |
| Other operating charges | 640/8 | €982 | €1,938 | +€955 | +97.3% |
| Gross operating margin | 9900 | -€461 | -€2,256 | -€1,796 | -390% |
| Operating profit (loss) | 9901 | -€10,370 | -€11,484 | -€1,114 | -10.7% |
| Financial charges | 65/66B | €2,417 | €2,047 | -€370 | -15.3% |
| Recurring financial charges | 65 | €2,417 | €2,047 | -€370 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,787 | -€13,531 | -€744 | -5.8% |
| Income taxes | 67/77 | €231 | €344 | +€113 | +49.1% |
| Profit (loss) for the period | 9904 | -€13,017 | -€13,875 | -€857 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,017 | -€13,875 | -€857 | -6.6% |
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 3 November 2026 via checked.be.