E.L.P.: 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.P.
Largest movements
- Tangible fixed assets +€9,495
up €9,495 (+38.0%), from €24,992 to €34,487
of which Furniture and vehicles: +€14,047
- Cash +€9,478
up €9,478 (+19.4%), from €48,875 to €58,353
mainly Depreciation (+€21,947) and Debts after one year (+€14,444)
- Deferred charges and accrued income +€1,591
up €1,591 (+812%), from €196 to €1,787
- Debts after one year +€14,444
new in 2025: €14,444
- Profit (loss) carried forward +€10,403
up €10,403 (+28.5%), from €36,529 to €46,932
- Tax, wage and social debts -€4,433
down €4,433 (-38.2%), from €11,609 to €7,176
of which Taxes: -€4,148
- Current portion of long-term debt -€3,529
down €3,529 (-48.5%), from €7,272 to €3,743
- Other debts +€2,617
up €2,617 (+53.9%), from €4,851 to €7,468
- Financial income +€8,045
up €8,045 (+2,612%), from €308 to €8,353
of which Non-recurring financial income: +€8,000
- Depreciation +€6,088
up €6,088 (+38.4%), from €15,859 to €21,947
- Gross operating margin +€1,180
up €1,180 (+1.6%), from €73,023 to €74,203
- Taxes -€759
down €759 (-23.2%), from €3,268 to €2,509
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 | €79,372 | €99,760 | +€20,388 | +25.7% |
| Fixed assets | 21/28 | €26,492 | €35,987 | +€9,495 | +35.8% |
| Tangible fixed assets | 22/27 | €24,992 | €34,487 | +€9,495 | +38.0% |
| Plant, machinery and equipment | 23 | €6,664 | €2,112 | -€4,552 | -68.3% |
| Furniture and vehicles | 24 | €18,328 | €32,375 | +€14,047 | +76.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €52,880 | €63,773 | +€10,893 | +20.6% |
| Amounts receivable within one year | 40/41 | €3,809 | €3,633 | -€176 | -4.6% |
| Trade receivables | 40 | €3,683 | €3,521 | -€162 | -4.4% |
| Other amounts receivable | 41 | €126 | €112 | -€14 | -11.1% |
| Cash at bank and in hand | 54/58 | €48,875 | €58,353 | +€9,478 | +19.4% |
| Deferred charges and accrued income | 490/1 | €196 | €1,787 | +€1,591 | +812% |
| Total equity and liabilities | 10/49 | €79,372 | €99,760 | +€20,388 | +25.7% |
| Equity | 10/15 | €55,489 | €65,892 | +€10,403 | +18.7% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €9,660 | €9,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,800 | €7,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,529 | €46,932 | +€10,403 | +28.5% |
| Amounts payable | 17/49 | €23,883 | €33,868 | +€9,985 | +41.8% |
| Amounts payable after more than one year | 17 | - | €14,444 | +€14,444 | |
| Advances received on contracts in progress | 176 | - | €14,444 | +€14,444 | |
| Amounts payable within one year | 42/48 | €23,883 | €19,424 | -€4,459 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €7,272 | €3,743 | -€3,529 | -48.5% |
| Trade debts | 44 | €151 | €1,037 | +€886 | +587% |
| Suppliers | 440/4 | €151 | €1,037 | +€886 | +587% |
| Taxes, remuneration and social security | 45 | €11,609 | €7,176 | -€4,433 | -38.2% |
| Taxes | 450/3 | €7,378 | €3,230 | -€4,148 | -56.2% |
| Remuneration and social security | 454/9 | €4,231 | €3,946 | -€285 | -6.7% |
| Other amounts payable | 47/48 | €4,851 | €7,468 | +€2,617 | +53.9% |
| Remuneration, social security and pensions | 62 | €45,202 | €45,939 | +€737 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,859 | €21,947 | +€6,088 | +38.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€291 | €357 | +€648 | |
| Other operating charges | 640/8 | €624 | €796 | +€172 | +27.6% |
| Gross operating margin | 9900 | €73,023 | €74,203 | +€1,180 | +1.6% |
| Operating profit (loss) | 9901 | €11,629 | €5,164 | -€6,465 | -55.6% |
| Financial income | 75/76B | €308 | €8,353 | +€8,045 | +2,612% |
| Recurring financial income | 75 | €308 | €353 | +€45 | +14.6% |
| Non-recurring financial income | 76B | - | €8,000 | +€8,000 | |
| Financial charges | 65/66B | €767 | €605 | -€162 | -21.1% |
| Recurring financial charges | 65 | €282 | €605 | +€323 | +115% |
| Non-recurring financial charges | 66B | €485 | - | -€485 | |
| Profit (loss) for the period before taxes | 9903 | €11,170 | €12,912 | +€1,742 | +15.6% |
| Income taxes | 67/77 | €3,268 | €2,509 | -€759 | -23.2% |
| Profit (loss) for the period | 9904 | €7,902 | €10,403 | +€2,501 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,902 | €10,403 | +€2,501 | +31.7% |
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 20 October 2026 via checked.be.