EKELLOP: 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.
EKELLOP
Largest movements
- Stocks and contracts -€412,168
down €412,168 (-100.0%), from €412,168 to €0
- Cash -€34,813
down €34,813 (-73.9%), from €47,106 to €12,293
mainly Trade debts (-€324,133) and Short-term financial debts (-€100,000)
- Receivables within one year -€17,888
down €17,888 (-62.2%), from €28,770 to €10,883
of which Other amounts receivable: -€21,842
- Tangible fixed assets -€9,321
down €9,321 (-35.9%), from €25,989 to €16,668
of which Other tangible fixed assets: -€4,779
- Trade debts -€324,133
down €324,133 (-95.7%), from €338,689 to €14,555
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Profit (loss) carried forward -€62,822
down €62,822 (-46.0%), from -€136,501 to -€199,323
- Other debts +€19,652
up €19,652 (+108.1%), from €18,172 to €37,824
- Current portion of long-term debt -€13,336
down €13,336 (-100.0%), from €13,336 to €0
- Staff costs -€86,325
down €86,325 (-64.7%), from €133,418 to €47,092
- Gross operating margin -€65,862
down €65,862 (-69.5%), from €94,735 to €28,873
- Financial charges +€29,759
up €29,759 (+513.6%), from €5,794 to €35,554
- Taxes +€5,000
new in 2025: €5,000
- Financial income +€2,946
up €2,946 (+2031.9%), from €145 to €3,091
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 | €516,794 | €39,843 | -€476,950 | -92.3% |
| Fixed assets | 21/28 | €28,749 | €16,668 | -€12,081 | -42.0% |
| Tangible fixed assets | 22/27 | €25,989 | €16,668 | -€9,321 | -35.9% |
| Plant, machinery and equipment | 23 | €3,375 | €0 | -€3,375 | -100.0% |
| Furniture and vehicles | 24 | €1,167 | €0 | -€1,167 | -100.0% |
| Other tangible fixed assets | 26 | €21,448 | €16,668 | -€4,779 | -22.3% |
| Financial fixed assets | 28 | €2,760 | €0 | -€2,760 | -100.0% |
| Current assets | 29/58 | €488,044 | €23,175 | -€464,869 | -95.3% |
| Stocks and contracts in progress | 3 | €412,168 | €0 | -€412,168 | -100.0% |
| Stocks | 30/36 | €412,168 | €0 | -€412,168 | -100.0% |
| Amounts receivable within one year | 40/41 | €28,770 | €10,883 | -€17,888 | -62.2% |
| Trade receivables | 40 | €826 | €4,780 | +€3,954 | +478.7% |
| Other amounts receivable | 41 | €27,944 | €6,103 | -€21,842 | -78.2% |
| Cash at bank and in hand | 54/58 | €47,106 | €12,293 | -€34,813 | -73.9% |
| Total equity and liabilities | 10/49 | €516,794 | €39,843 | -€476,950 | -92.3% |
| Equity | 10/15 | -€501 | -€63,323 | -€62,822 | -12539.3% |
| Contributions | 10/11 | €131,000 | €131,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,501 | -€199,323 | -€62,822 | -46.0% |
| Amounts payable | 17/49 | €517,295 | €103,166 | -€414,128 | -80.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €515,963 | €103,166 | -€412,797 | -80.0% |
| Current portion of amounts payable after more than one year | 42 | €13,336 | €0 | -€13,336 | -100.0% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €338,689 | €14,555 | -€324,133 | -95.7% |
| Suppliers | 440/4 | €338,689 | €14,555 | -€324,133 | -95.7% |
| Taxes, remuneration and social security | 45 | €45,767 | €50,787 | +€5,020 | +11.0% |
| Taxes | 450/3 | €4,350 | €50,787 | +€46,437 | +1067.4% |
| Remuneration and social security | 454/9 | €41,417 | €0 | -€41,417 | -100.0% |
| Other amounts payable | 47/48 | €18,172 | €37,824 | +€19,652 | +108.1% |
| Accrued charges and deferred income | 492/3 | €1,331 | €0 | -€1,331 | -100.0% |
| Remuneration, social security and pensions | 62 | €133,418 | €47,092 | -€86,325 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,350 | €4,779 | -€2,571 | -35.0% |
| Other operating charges | 640/8 | €2,027 | €1,419 | -€608 | -30.0% |
| Non-recurring operating charges | 66A | - | €942 | +€942 | |
| Gross operating margin | 9900 | €94,735 | €28,873 | -€65,862 | -69.5% |
| Operating profit (loss) | 9901 | -€48,060 | -€25,359 | +€22,701 | +47.2% |
| Financial income | 75/76B | €145 | €3,091 | +€2,946 | +2031.9% |
| Recurring financial income | 75 | €145 | €3,091 | +€2,946 | +2031.9% |
| Financial charges | 65/66B | €5,794 | €35,554 | +€29,759 | +513.6% |
| Recurring financial charges | 65 | €5,794 | €35,554 | +€29,759 | +513.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,709 | -€57,822 | -€4,113 | -7.7% |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | -€53,709 | -€62,822 | -€9,113 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,709 | -€62,822 | -€9,113 | -17.0% |
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 7 October 2026 via checked.be.