EL-CO +: 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.
EL-CO +
Largest movements
- Receivables within one year +€28,104
up €28,104 (+1408.7%), from €1,995 to €30,099
- Contributions +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€11,368
down €11,368 (-36.2%), from -€31,371 to -€42,740
- Other debts -€10,000
down €10,000 (-10.7%), from €93,515 to €83,515
- Gross operating margin +€17,754
up €17,754 (+82.9%), from -€21,408 to -€3,655
- Financial charges -€2,053
down €2,053 (-22.5%), from €9,143 to €7,090
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 | €202,795 | €231,378 | +€28,583 | +14.1% |
| Current assets | 29/58 | €202,795 | €231,378 | +€28,583 | +14.1% |
| Stocks and contracts in progress | 3 | €200,000 | €200,000 | = | 0.0% |
| Stocks | 30/36 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,995 | €30,099 | +€28,104 | +1408.7% |
| Other amounts receivable | 41 | €1,995 | €30,099 | +€28,104 | +1408.7% |
| Cash at bank and in hand | 54/58 | €800 | €1,279 | +€479 | +59.9% |
| Total equity and liabilities | 10/49 | €202,795 | €231,378 | +€28,583 | +14.1% |
| Equity | 10/15 | -€31,371 | €7,260 | +€38,632 | |
| Contributions | 10/11 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | -€31,371 | -€42,740 | -€11,368 | -36.2% |
| Amounts payable | 17/49 | €234,167 | €224,118 | -€10,049 | -4.3% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 170/4 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,167 | €84,118 | -€10,049 | -10.7% |
| Trade debts | 44 | €652 | €603 | -€49 | -7.4% |
| Suppliers | 440/4 | €652 | €603 | -€49 | -7.4% |
| Other amounts payable | 47/48 | €93,515 | €83,515 | -€10,000 | -10.7% |
| Other operating charges | 640/8 | €820 | €624 | -€196 | -23.9% |
| Gross operating margin | 9900 | -€21,408 | -€3,655 | +€17,754 | +82.9% |
| Operating profit (loss) | 9901 | -€22,229 | -€4,279 | +€17,950 | +80.8% |
| Financial charges | 65/66B | €9,143 | €7,090 | -€2,053 | -22.5% |
| Recurring financial charges | 65 | €9,143 | €7,090 | -€2,053 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,371 | -€11,368 | +€20,003 | +63.8% |
| Profit (loss) for the period | 9904 | -€31,371 | -€11,368 | +€20,003 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,371 | -€11,368 | +€20,003 | +63.8% |
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 5 October 2026 via checked.be.