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E-LEZ: 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.

What changed

E-LEZ

BE 0753.737.807
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€473,595
2024 · €14,433-€488,029
Equity
-€360,717
2024 · €112,879-€473,595
Cash
€31,519
2024 · €36,554-€5,035
Balance sheet total
€149,149
2024 · €618,526-€469,377

Largest movements

2024 to 2025
Assets
  • Receivables after one year -€307,397

    down €307,397 (-100%), from €307,397 to €0

  • Receivables within one year -€183,945

    down €183,945 (-79.4%), from €231,704 to €47,759

    of which Trade receivables: -€222,469

  • Stocks and contracts +€27,000

    up €27,000 (+63.0%), from €42,872 to €69,872

Equity and liabilities
  • Profit (loss) carried forward -€363,717

    down €363,717, from €0 to -€363,717

  • Reserves -€109,879

    down €109,879 (-100%), from €109,879 to €0

Income statement
  • Other operating charges +€181,967

    up €181,967 (+46,979%), from €387 to €182,354

  • Financial charges -€5,776

    down €5,776, from €104 to -€5,671

  • Gross operating margin -€1,316

    down €1,316 (-11.2%), from €11,800 to €10,484

  • Financial income -€1,040

    down €1,040 (-33.3%), from €3,125 to €2,085

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €14,433
Gross operating margin -€1,316
Other operating charges -€181,967
Other operating items -€309,481
Financial income -€1,040
Financial charges +€5,776
Result 2025 -€473,595
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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.

From operations -€5,035
Investment €0
Financing €0
Cash 2024 €36,554
Net result for the year -€473,595
Receivables after one year +€307,397
Stocks and contracts -€27,000
Receivables within one year +€183,945
Trade debts -€1,376
Other debts +€5,594
Cash 2025 €31,519
brings cash intakes cash out
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €618,526 €149,149 -€469,377 -75.9%
Current assets 29/58 €618,526 €149,149 -€469,377 -75.9%
Amounts receivable after more than one year 29 €307,397 €0 -€307,397 -100%
Other amounts receivable 291 €307,397 €0 -€307,397 -100%
Stocks and contracts in progress 3 €42,872 €69,872 +€27,000 +63.0%
Stocks 30/36 €42,872 €69,872 +€27,000 +63.0%
Amounts receivable within one year 40/41 €231,704 €47,759 -€183,945 -79.4%
Trade receivables 40 €226,864 €4,395 -€222,469 -98.1%
Other amounts receivable 41 €4,840 €43,363 +€38,524 +796%
Cash at bank and in hand 54/58 €36,554 €31,519 -€5,035 -13.8%
Total equity and liabilities 10/49 €618,526 €149,149 -€469,377 -75.9%
Equity 10/15 €112,879 -€360,717 -€473,595
Contributions 10/11 €3,000 €3,000 = 0.0%
Reserves 13 €109,879 €0 -€109,879 -100%
Distributable reserves 133 €109,879 €0 -€109,879 -100%
Profit (loss) carried forward 14 €0 -€363,717 -€363,717
Amounts payable 17/49 €505,648 €509,866 +€4,218 +0.8%
Amounts payable within one year 42/48 €505,648 €509,866 +€4,218 +0.8%
Trade debts 44 €1,701 €325 -€1,376 -80.9%
Suppliers 440/4 €1,701 €325 -€1,376 -80.9%
Taxes, remuneration and social security 45 €0 - =
Taxes 450/3 €0 - =
Other amounts payable 47/48 €503,947 €509,541 +€5,594 +1.1%
Non-recurring operating income 76A €12,500 €0 -€12,500 -100%
Other operating charges 640/8 €387 €182,354 +€181,967 +46,979%
Non-recurring operating charges 66A - €309,481 +€309,481
Gross operating margin 9900 €11,800 €10,484 -€1,316 -11.2%
Operating profit (loss) 9901 €11,413 -€481,352 -€492,765
Financial income 75/76B €3,125 €2,085 -€1,040 -33.3%
Recurring financial income 75 €3,125 €2,085 -€1,040 -33.3%
Financial charges 65/66B €104 -€5,671 -€5,776
Recurring financial charges 65 €104 -€5,671 -€5,776
Profit (loss) for the period before taxes 9903 €14,433 -€473,595 -€488,029
Profit (loss) for the period 9904 €14,433 -€473,595 -€488,029
Profit (loss) for the period to be appropriated 9905 €14,433 -€473,595 -€488,029

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 17 October 2026 via checked.be.