E4LG: what changed
Two fiscal 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.
E4LG
Largest movements
- Receivables within one year +€55,455
up €55,455 (+1788.9%), from €3,100 to €58,555
of which Other amounts receivable: +€37,576
- Deferred charges and accrued income -€34,097
no longer reported in 2025 (was €34,097)
- Tangible fixed assets -€14,912
down €14,912 (-41.8%), from €35,646 to €20,734
of which Plant, machinery and equipment: -€14,428
- Profit (loss) carried forward +€31,676
up €31,676 (+76.7%), from -€41,319 to -€9,643
- Other debts -€18,817
no longer reported in 2025 (was €18,817)
- Debts after one year -€6,324
down €6,324 (-33.1%), from €19,096 to €12,772
- Tax, wage and social debts +€2,095
up €2,095 (+22.2%), from €9,435 to €11,530
- Current portion of long-term debt -€1,790
down €1,790 (-25.9%), from €6,914 to €5,124
- Gross operating margin +€43,559
up €43,559 (+398.7%), from €10,926 to €54,485
- Taxes +€4,451
up €4,451 (+429.2%), from €1,037 to €5,488
- Financial charges -€1,438
down €1,438 (-59.1%), from €2,435 to €997
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.
Cash bridge derived
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 | €76,811 | €83,313 | +€6,502 | +8.5% |
| Fixed assets | 21/28 | €35,646 | €20,734 | -€14,912 | -41.8% |
| Tangible fixed assets | 22/27 | €35,646 | €20,734 | -€14,912 | -41.8% |
| Plant, machinery and equipment | 23 | €34,644 | €20,216 | -€14,428 | -41.6% |
| Furniture and vehicles | 24 | €1,002 | €518 | -€484 | -48.3% |
| Current assets | 29/58 | €41,165 | €62,579 | +€21,414 | +52.0% |
| Amounts receivable within one year | 40/41 | €3,100 | €58,555 | +€55,455 | +1788.9% |
| Trade receivables | 40 | - | €17,879 | +€17,879 | |
| Other amounts receivable | 41 | €3,100 | €40,676 | +€37,576 | +1212.1% |
| Cash at bank and in hand | 54/58 | €3,968 | €4,024 | +€56 | +1.4% |
| Deferred charges and accrued income | 490/1 | €34,097 | - | -€34,097 | |
| Total equity and liabilities | 10/49 | €76,811 | €83,313 | +€6,502 | +8.5% |
| Equity | 10/15 | €17,677 | €49,353 | +€31,676 | +179.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,396 | €40,396 | = | 0.0% |
| Distributable reserves | 133 | €40,396 | €40,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,319 | -€9,643 | +€31,676 | +76.7% |
| Amounts payable | 17/49 | €59,134 | €33,960 | -€25,174 | -42.6% |
| Amounts payable after more than one year | 17 | €19,096 | €12,772 | -€6,324 | -33.1% |
| Financial debts | 170/4 | €19,096 | €12,772 | -€6,324 | -33.1% |
| Amounts payable within one year | 42/48 | €40,038 | €21,188 | -€18,850 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €6,914 | €5,124 | -€1,790 | -25.9% |
| Trade debts | 44 | €4,872 | €4,534 | -€338 | -6.9% |
| Suppliers | 440/4 | €4,872 | €4,534 | -€338 | -6.9% |
| Taxes, remuneration and social security | 45 | €9,435 | €11,530 | +€2,095 | +22.2% |
| Taxes | 450/3 | €9,435 | €11,530 | +€2,095 | +22.2% |
| Other amounts payable | 47/48 | €18,817 | - | -€18,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,224 | €16,204 | -€20 | -0.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €10,926 | €54,485 | +€43,559 | +398.7% |
| Operating profit (loss) | 9901 | -€5,416 | €38,161 | +€43,577 | |
| Financial charges | 65/66B | €2,435 | €997 | -€1,438 | -59.1% |
| Recurring financial charges | 65 | €2,435 | €997 | -€1,438 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,851 | €37,164 | +€45,015 | |
| Income taxes | 67/77 | €1,037 | €5,488 | +€4,451 | +429.2% |
| Profit (loss) for the period | 9904 | -€8,888 | €31,676 | +€40,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,888 | €31,676 | +€40,564 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.