EL TECH SH: 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 TECH SH
Largest movements
- Receivables within one year +€52,743
up €52,743 (+57.3%), from €92,090 to €144,834
of which Other amounts receivable: +€28,823
- Tangible fixed assets +€4,752
up €4,752 (+478%), from €994 to €5,747
of which Furniture and vehicles: +€5,698
- Reserves +€63,350
up €63,350 (+3,168%), from €2,000 to €65,350
of which Distributable reserves: +€63,350
- Other debts -€30,064
down €30,064 (-100%), from €30,064 to €0
- Tax, wage and social debts +€14,155
up €14,155 (+70.5%), from €20,084 to €34,239
- Trade debts +€9,713
up €9,713 (+117%), from €8,280 to €17,993
- Gross operating margin +€40,749
up €40,749 (+78.0%), from €52,267 to €93,016
- Taxes +€15,315
up €15,315 (+239%), from €6,400 to €21,715
- Depreciation +€3,465
up €3,465 (+340%), from €1,019 to €4,484
- Financial charges +€1,448
up €1,448 (+182%), from €797 to €2,246
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 | €93,428 | €151,046 | +€57,618 | +61.7% |
| Fixed assets | 21/28 | €994 | €5,747 | +€4,752 | +478% |
| Tangible fixed assets | 22/27 | €994 | €5,747 | +€4,752 | +478% |
| Plant, machinery and equipment | 23 | €508 | €0 | -€508 | -100% |
| Furniture and vehicles | 24 | - | €5,698 | +€5,698 | |
| Other tangible fixed assets | 26 | €486 | €49 | -€437 | -89.9% |
| Current assets | 29/58 | €92,434 | €145,299 | +€52,865 | +57.2% |
| Amounts receivable within one year | 40/41 | €92,090 | €144,834 | +€52,743 | +57.3% |
| Trade receivables | 40 | €34,822 | €58,742 | +€23,921 | +68.7% |
| Other amounts receivable | 41 | €57,269 | €86,092 | +€28,823 | +50.3% |
| Cash at bank and in hand | 54/58 | €186 | €186 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €157 | €279 | +€122 | +77.4% |
| Total equity and liabilities | 10/49 | €93,428 | €151,046 | +€57,618 | +61.7% |
| Equity | 10/15 | €34,699 | €98,049 | +€63,350 | +183% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €65,350 | +€63,350 | +3,168% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €63,350 | +€63,350 | |
| Profit (loss) carried forward | 14 | €12,699 | €12,699 | = | 0.0% |
| Amounts payable | 17/49 | €58,729 | €52,997 | -€5,732 | -9.8% |
| Amounts payable within one year | 42/48 | €58,729 | €52,997 | -€5,732 | -9.8% |
| Financial debts | 43 | €301 | €765 | +€464 | +154% |
| Credit institutions | 430/8 | €301 | €765 | +€464 | +154% |
| Trade debts | 44 | €8,280 | €17,993 | +€9,713 | +117% |
| Suppliers | 440/4 | €8,280 | €17,993 | +€9,713 | +117% |
| Taxes, remuneration and social security | 45 | €20,084 | €34,239 | +€14,155 | +70.5% |
| Taxes | 450/3 | €20,084 | €34,239 | +€14,155 | +70.5% |
| Other amounts payable | 47/48 | €30,064 | €0 | -€30,064 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,019 | €4,484 | +€3,465 | +340% |
| Other operating charges | 640/8 | €1,101 | €1,226 | +€125 | +11.4% |
| Gross operating margin | 9900 | €52,267 | €93,016 | +€40,749 | +78.0% |
| Operating profit (loss) | 9901 | €50,146 | €87,305 | +€37,159 | +74.1% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €797 | €2,246 | +€1,448 | +182% |
| Recurring financial charges | 65 | €797 | €2,246 | +€1,448 | +182% |
| Profit (loss) for the period before taxes | 9903 | €49,349 | €85,065 | +€35,716 | +72.4% |
| Income taxes | 67/77 | €6,400 | €21,715 | +€15,315 | +239% |
| Profit (loss) for the period | 9904 | €42,949 | €63,350 | +€20,401 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,949 | €63,350 | +€20,401 | +47.5% |
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 14 October 2026 via checked.be.