EL & KO: 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 & KO
Largest movements
- Cash +€827
up €827 (+19.1%), from €4,334 to €5,160
mainly Net result for the year (+€2,532)
- Profit (loss) carried forward +€2,532
up €2,532 (+22.5%), from -€11,264 to -€8,731
- Other debts -€1,460
down €1,460 (-61.3%), from €2,382 to €921
- Trade debts -€226
down €226 (-36.0%), from €627 to €402
- Gross operating margin +€687
up €687 (+20.0%), from €3,437 to €4,124
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 | €4,374 | €5,200 | +€827 | +18.9% |
| Fixed assets | 21/28 | €40 | €40 | = | 0.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €4,334 | €5,160 | +€827 | +19.1% |
| Cash at bank and in hand | 54/58 | €4,334 | €5,160 | +€827 | +19.1% |
| Total equity and liabilities | 10/49 | €4,374 | €5,200 | +€827 | +18.9% |
| Equity | 10/15 | €1,136 | €3,669 | +€2,532 | +222.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,264 | -€8,731 | +€2,532 | +22.5% |
| Amounts payable | 17/49 | €3,237 | €1,532 | -€1,706 | -52.7% |
| Amounts payable within one year | 42/48 | €3,237 | €1,532 | -€1,706 | -52.7% |
| Trade debts | 44 | €627 | €402 | -€226 | -36.0% |
| Suppliers | 440/4 | €627 | €402 | -€226 | -36.0% |
| Taxes, remuneration and social security | 45 | €228 | €208 | -€20 | -8.7% |
| Taxes | 450/3 | €228 | €208 | -€20 | -8.7% |
| Other amounts payable | 47/48 | €2,382 | €921 | -€1,460 | -61.3% |
| Other operating charges | 640/8 | €1,261 | €1,223 | -€39 | -3.1% |
| Gross operating margin | 9900 | €3,437 | €4,124 | +€687 | +20.0% |
| Operating profit (loss) | 9901 | €2,176 | €2,901 | +€725 | +33.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €161 | +€26 | +18.9% |
| Recurring financial charges | 65 | €135 | €161 | +€26 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €2,041 | €2,741 | +€700 | +34.3% |
| Income taxes | 67/77 | €228 | €208 | -€20 | -8.7% |
| Profit (loss) for the period | 9904 | €1,813 | €2,532 | +€720 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,813 | €2,532 | +€720 | +39.7% |
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 8 October 2026 via checked.be.