E.L. Technics: 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. Technics
Largest movements
- Receivables after one year +€216,242
up €216,242 (+13.9%), from €1.6m to €1.8m
of which Other amounts receivable: +€216,242
- Cash -€116,341
down €116,341 (-35.7%), from €325,492 to €209,151
mainly Receivables after one year (-€216,242) and Other debts (-€60,336)
- Tangible fixed assets -€91,805
down €91,805 (-3.8%), from €2.4m to €2.3m
of which Land and buildings: -€78,763
- Reserves +€99,212
up €99,212 (+1.8%), from €5.4m to €5.5m
of which Distributable reserves: +€329,464
- Other debts -€60,336
down €60,336 (-22.8%), from €264,802 to €204,466
- Taxes +€51,396
up €51,396 (+201%), from €25,562 to €76,958
- Financial income +€30,708
up €30,708 (+88.8%), from €34,572 to €65,280
- Gross operating margin +€24,200
up €24,200 (+10.4%), from €233,572 to €257,771
- Depreciation -€9,736
down €9,736 (-9.4%), from €103,625 to €93,890
- Other operating charges -€4,394
down €4,394 (-16.5%), from €26,626 to €22,231
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 | €5,963,571 | €6,026,528 | +€62,957 | +1.1% |
| Fixed assets | 21/28 | €2,895,569 | €2,803,765 | -€91,805 | -3.2% |
| Tangible fixed assets | 22/27 | €2,437,591 | €2,345,786 | -€91,805 | -3.8% |
| Land and buildings | 22 | €2,392,959 | €2,314,196 | -€78,763 | -3.3% |
| Plant, machinery and equipment | 23 | €9,775 | €9,968 | +€193 | +2.0% |
| Furniture and vehicles | 24 | €2,090 | €1,561 | -€529 | -25.3% |
| Other tangible fixed assets | 26 | €32,768 | €20,062 | -€12,706 | -38.8% |
| Financial fixed assets | 28 | €457,979 | €457,979 | = | 0.0% |
| Current assets | 29/58 | €3,068,001 | €3,222,763 | +€154,762 | +5.0% |
| Amounts receivable after more than one year | 29 | €1,552,931 | €1,769,173 | +€216,242 | +13.9% |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | €1,552,931 | €1,769,173 | +€216,242 | +13.9% |
| Amounts receivable within one year | 40/41 | €266,419 | €292,706 | +€26,287 | +9.9% |
| Trade receivables | 40 | €19,367 | €29,120 | +€9,753 | +50.4% |
| Other amounts receivable | 41 | €247,052 | €263,586 | +€16,534 | +6.7% |
| Current investments | 50/53 | €910,351 | €947,851 | +€37,500 | +4.1% |
| Cash at bank and in hand | 54/58 | €325,492 | €209,151 | -€116,341 | -35.7% |
| Deferred charges and accrued income | 490/1 | €12,808 | €3,882 | -€8,925 | -69.7% |
| Total equity and liabilities | 10/49 | €5,963,571 | €6,026,528 | +€62,957 | +1.1% |
| Equity | 10/15 | €5,666,950 | €5,766,162 | +€99,212 | +1.8% |
| Contributions | 10/11 | €245,727 | €245,727 | = | 0.0% |
| Capital | 10 | €245,727 | €245,727 | = | 0.0% |
| Issued capital | 100 | €245,727 | €245,727 | = | 0.0% |
| Reserves | 13 | €5,421,223 | €5,520,435 | +€99,212 | +1.8% |
| Non-distributable reserves | 130/1 | €24,573 | €24,573 | = | 0.0% |
| Legal reserve | 130 | €24,573 | €24,573 | = | 0.0% |
| Tax-exempt reserves | 132 | €316,557 | €86,305 | -€230,252 | -72.7% |
| Distributable reserves | 133 | €5,080,094 | €5,409,557 | +€329,464 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €296,621 | €260,366 | -€36,255 | -12.2% |
| Amounts payable within one year | 42/48 | €296,621 | €260,366 | -€36,255 | -12.2% |
| Trade debts | 44 | €12,555 | €7,034 | -€5,522 | -44.0% |
| Suppliers | 440/4 | €12,555 | €7,034 | -€5,522 | -44.0% |
| Taxes, remuneration and social security | 45 | €19,264 | €48,866 | +€29,602 | +154% |
| Taxes | 450/3 | €19,264 | €48,866 | +€29,602 | +154% |
| Other amounts payable | 47/48 | €264,802 | €204,466 | -€60,336 | -22.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,625 | €93,890 | -€9,736 | -9.4% |
| Other operating charges | 640/8 | €26,626 | €22,231 | -€4,394 | -16.5% |
| Gross operating margin | 9900 | €233,572 | €257,771 | +€24,200 | +10.4% |
| Operating profit (loss) | 9901 | €103,321 | €141,650 | +€38,330 | +37.1% |
| Financial income | 75/76B | €34,572 | €65,280 | +€30,708 | +88.8% |
| Recurring financial income | 75 | €34,572 | €65,280 | +€30,708 | +88.8% |
| Financial charges | 65/66B | €1,132 | €760 | -€372 | -32.9% |
| Recurring financial charges | 65 | €1,132 | €760 | -€372 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €136,760 | €206,170 | +€69,410 | +50.8% |
| Income taxes | 67/77 | €25,562 | €76,958 | +€51,396 | +201% |
| Profit (loss) for the period | 9904 | €111,198 | €129,212 | +€18,014 | +16.2% |
| Transfer from tax-exempt reserves | 789 | - | €230,252 | +€230,252 | |
| Transfer to tax-exempt reserves | 689 | €86,305 | €0 | -€86,305 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €24,893 | €359,464 | +€334,571 | +1,344% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.