ELAB: 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.
ELAB
Largest movements
- Receivables within one year +€312,992
up €312,992 (+248.8%), from €125,822 to €438,814
of which Trade receivables: +€162,869
- Cash +€5,258
up €5,258 (+665.9%), from €790 to €6,048
mainly Other debts (+€262,175) and Tax, wage and social debts (+€22,802)
- Other debts +€262,175
up €262,175 (+1889.6%), from €13,875 to €276,050
- Tax, wage and social debts +€22,802
up €22,802 (+173.4%), from €13,149 to €35,951
of which Taxes: +€20,612
- Profit (loss) carried forward +€20,072
up €20,072 (+23.7%), from €84,540 to €104,612
- Trade debts +€11,951
up €11,951 (+103.8%), from €11,515 to €23,466
- Staff costs -€18,251
down €18,251 (-33.0%), from €55,377 to €37,127
- Taxes -€6,019
no longer reported in 2025 (was €6,019)
- Gross operating margin +€2,829
up €2,829 (+4.9%), from €57,449 to €60,278
- Financial charges +€1,104
up €1,104 (+73.3%), from €1,506 to €2,610
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 | €128,079 | €445,079 | +€317,000 | +247.5% |
| Fixed assets | 21/28 | €218 | €218 | = | 0.0% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €127,862 | €444,861 | +€317,000 | +247.9% |
| Amounts receivable within one year | 40/41 | €125,822 | €438,814 | +€312,992 | +248.8% |
| Trade receivables | 40 | €121,532 | €284,401 | +€162,869 | +134.0% |
| Other amounts receivable | 41 | €4,290 | €154,412 | +€150,123 | +3499.8% |
| Cash at bank and in hand | 54/58 | €790 | €6,048 | +€5,258 | +665.9% |
| Deferred charges and accrued income | 490/1 | €1,250 | - | -€1,250 | |
| Total equity and liabilities | 10/49 | €128,079 | €445,079 | +€317,000 | +247.5% |
| Equity | 10/15 | €89,540 | €109,612 | +€20,072 | +22.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,540 | €104,612 | +€20,072 | +23.7% |
| Amounts payable | 17/49 | €38,539 | €335,467 | +€296,928 | +770.5% |
| Amounts payable within one year | 42/48 | €38,539 | €335,467 | +€296,928 | +770.5% |
| Trade debts | 44 | €11,515 | €23,466 | +€11,951 | +103.8% |
| Suppliers | 440/4 | €11,515 | €23,466 | +€11,951 | +103.8% |
| Taxes, remuneration and social security | 45 | €13,149 | €35,951 | +€22,802 | +173.4% |
| Taxes | 450/3 | €1,836 | €22,448 | +€20,612 | +1122.4% |
| Remuneration and social security | 454/9 | €11,313 | €13,503 | +€2,190 | +19.4% |
| Other amounts payable | 47/48 | €13,875 | €276,050 | +€262,175 | +1889.6% |
| Remuneration, social security and pensions | 62 | €55,377 | €37,127 | -€18,251 | -33.0% |
| Other operating charges | 640/8 | €467 | €469 | +€2 | +0.4% |
| Gross operating margin | 9900 | €57,449 | €60,278 | +€2,829 | +4.9% |
| Operating profit (loss) | 9901 | €1,605 | €22,682 | +€21,078 | +1313.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,506 | €2,610 | +€1,104 | +73.3% |
| Recurring financial charges | 65 | €1,506 | €2,610 | +€1,104 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €98 | €20,072 | +€19,974 | +20325.3% |
| Income taxes | 67/77 | €6,019 | - | -€6,019 | |
| Profit (loss) for the period | 9904 | -€5,921 | €20,072 | +€25,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,921 | €20,072 | +€25,993 |
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.