EL GROUP: 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.
EL GROUP
Largest movements
- Cash +€5,336
up €5,336 (+197%), from €2,703 to €8,039
mainly Trade debts (+€8,007) and Depreciation (+€3,058)
- Receivables within one year +€4,270
up €4,270 (+45.9%), from €9,302 to €13,572
of which Other amounts receivable: +€2,475
- Tangible fixed assets -€3,058
down €3,058 (-20.0%), from €15,289 to €12,231
- Trade debts +€8,007
up €8,007 (+484%), from €1,656 to €9,663
- Tax, wage and social debts -€1,200
no longer reported in 2025 (was €1,200)
- Other debts -€440
down €440 (-7.8%), from €5,660 to €5,220
- Profit (loss) carried forward +€389
up €389 (+2.8%), from €13,778 to €14,167
- Gross operating margin -€4,507
down €4,507 (-47.5%), from €9,498 to €4,991
- Depreciation +€3,058
new in 2025: €3,058
- Taxes -€1,331
down €1,331 (-85.5%), from €1,556 to €225
- Other operating charges +€536
up €536 (+94.7%), from €566 to €1,102
- Financial charges +€109
up €109 (+101%), from €108 to €217
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 | €27,294 | €34,050 | +€6,756 | +24.8% |
| Fixed assets | 21/28 | €15,289 | €12,231 | -€3,058 | -20.0% |
| Tangible fixed assets | 22/27 | €15,289 | €12,231 | -€3,058 | -20.0% |
| Furniture and vehicles | 24 | €15,289 | €12,231 | -€3,058 | -20.0% |
| Current assets | 29/58 | €12,005 | €21,819 | +€9,814 | +81.7% |
| Amounts receivable within one year | 40/41 | €9,302 | €13,572 | +€4,270 | +45.9% |
| Trade receivables | 40 | - | €1,795 | +€1,795 | |
| Other amounts receivable | 41 | €9,302 | €11,777 | +€2,475 | +26.6% |
| Cash at bank and in hand | 54/58 | €2,703 | €8,039 | +€5,336 | +197% |
| Deferred charges and accrued income | 490/1 | - | €208 | +€208 | |
| Total equity and liabilities | 10/49 | €27,294 | €34,050 | +€6,756 | +24.8% |
| Equity | 10/15 | €18,778 | €19,167 | +€389 | +2.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,778 | €14,167 | +€389 | +2.8% |
| Amounts payable | 17/49 | €8,516 | €14,883 | +€6,367 | +74.8% |
| Amounts payable within one year | 42/48 | €8,516 | €14,883 | +€6,367 | +74.8% |
| Trade debts | 44 | €1,656 | €9,663 | +€8,007 | +484% |
| Suppliers | 440/4 | €1,656 | €9,663 | +€8,007 | +484% |
| Taxes, remuneration and social security | 45 | €1,200 | - | -€1,200 | |
| Taxes | 450/3 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €5,660 | €5,220 | -€440 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,058 | +€3,058 | |
| Other operating charges | 640/8 | €566 | €1,102 | +€536 | +94.7% |
| Non-recurring operating charges | 66A | €3,828 | - | -€3,828 | |
| Gross operating margin | 9900 | €9,498 | €4,991 | -€4,507 | -47.5% |
| Operating profit (loss) | 9901 | €5,104 | €831 | -€4,273 | -83.7% |
| Financial charges | 65/66B | €108 | €217 | +€109 | +101% |
| Recurring financial charges | 65 | €108 | €217 | +€109 | +101% |
| Profit (loss) for the period before taxes | 9903 | €4,996 | €614 | -€4,382 | -87.7% |
| Income taxes | 67/77 | €1,556 | €225 | -€1,331 | -85.5% |
| Profit (loss) for the period | 9904 | €3,440 | €389 | -€3,051 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,440 | €389 | -€3,051 | -88.7% |
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 13 October 2026 via checked.be.