EL.K.W.: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
EL.K.W.
Largest movements
- Receivables within one year -€27,454
down €27,454 (-67.6%), from €40,613 to €13,160
of which Other amounts receivable: -€24,023
- Cash +€10,875
up €10,875 (+136%), from €8,020 to €18,895
mainly Receivables within one year (+€27,454) and Other debts (+€26,731)
- Tangible fixed assets +€3,973
up €3,973 (+2.8%), from €143,193 to €147,166
of which Furniture and vehicles: +€13,441
- Stocks and contracts -€3,891
down €3,891 (-7.5%), from €52,160 to €48,269
of which Contracts in progress: -€2,151
- Profit (loss) carried forward -€35,571
down €35,571 (-332%), from -€10,729 to -€46,301
- Other debts +€26,731
up €26,731 (+51.4%), from €52,033 to €78,764
- Trade debts -€7,827
down €7,827 (-45.7%), from €17,146 to €9,319
- Gross operating margin -€20,155
down €20,155, from €12,312 to -€7,843
- Depreciation +€4,634
up €4,634 (+50.2%), from €9,223 to €13,856
- Taxes -€711
down €711 (-99.4%), from €716 to €5
- Other operating charges +€634
up €634 (+44.8%), from €1,415 to €2,049
- Staff costs +€473
up €473 (+4.1%), from €11,601 to €12,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,837 | €227,514 | -€17,322 | -7.1% |
| Fixed assets | 21/28 | €143,217 | €147,191 | +€3,973 | +2.8% |
| Tangible fixed assets | 22/27 | €143,193 | €147,166 | +€3,973 | +2.8% |
| Land and buildings | 22 | €136,700 | €128,547 | -€8,153 | -6.0% |
| Plant, machinery and equipment | 23 | €4,531 | €3,216 | -€1,314 | -29.0% |
| Furniture and vehicles | 24 | €1,962 | €15,403 | +€13,441 | +685% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €101,619 | €80,323 | -€21,296 | -21.0% |
| Stocks and contracts in progress | 3 | €52,160 | €48,269 | -€3,891 | -7.5% |
| Stocks | 30/36 | €31,485 | €29,745 | -€1,740 | -5.5% |
| Contracts in progress | 37 | €20,675 | €18,524 | -€2,151 | -10.4% |
| Amounts receivable within one year | 40/41 | €40,613 | €13,160 | -€27,454 | -67.6% |
| Trade receivables | 40 | €13,399 | €9,969 | -€3,431 | -25.6% |
| Other amounts receivable | 41 | €27,214 | €3,191 | -€24,023 | -88.3% |
| Cash at bank and in hand | 54/58 | €8,020 | €18,895 | +€10,875 | +136% |
| Deferred charges and accrued income | 490/1 | €826 | €0 | -€826 | -100% |
| Total equity and liabilities | 10/49 | €244,837 | €227,514 | -€17,322 | -7.1% |
| Equity | 10/15 | €175,003 | €139,431 | -€35,571 | -20.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €123,732 | €123,732 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €117,532 | €117,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,729 | -€46,301 | -€35,571 | -332% |
| Amounts payable | 17/49 | €69,834 | €88,083 | +€18,249 | +26.1% |
| Amounts payable within one year | 42/48 | €69,834 | €88,083 | +€18,249 | +26.1% |
| Trade debts | 44 | €17,146 | €9,319 | -€7,827 | -45.7% |
| Suppliers | 440/4 | €17,146 | €9,319 | -€7,827 | -45.7% |
| Taxes, remuneration and social security | 45 | €655 | €0 | -€655 | -100% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €655 | €0 | -€655 | -100% |
| Other amounts payable | 47/48 | €52,033 | €78,764 | +€26,731 | +51.4% |
| Non-recurring operating income | 76A | €640 | €779 | +€139 | +21.7% |
| Remuneration, social security and pensions | 62 | €11,601 | €12,074 | +€473 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,223 | €13,856 | +€4,634 | +50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,415 | €2,049 | +€634 | +44.8% |
| Gross operating margin | 9900 | €12,312 | -€7,843 | -€20,155 | |
| Operating profit (loss) | 9901 | -€9,928 | -€35,823 | -€25,895 | -261% |
| Financial income | 75/76B | €318 | €631 | +€313 | +98.3% |
| Recurring financial income | 75 | €318 | €631 | +€313 | +98.3% |
| Financial charges | 65/66B | €404 | €375 | -€29 | -7.2% |
| Recurring financial charges | 65 | €404 | €375 | -€29 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,014 | -€35,567 | -€25,553 | -255% |
| Income taxes | 67/77 | €716 | €5 | -€711 | -99.4% |
| Profit (loss) for the period | 9904 | -€10,729 | -€35,571 | -€24,842 | -232% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,729 | -€35,571 | -€24,842 | -232% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.