ELABS: 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.
ELABS
Largest movements
- Receivables within one year -€5,785
down €5,785 (-96.7%), from €5,984 to €199
of which Other amounts receivable: -€3,702
- Tangible fixed assets -€207
down €207 (-22.5%), from €922 to €715
- Cash -€137
down €137 (-74.0%), from €185 to €48
mainly Net result for the year (-€8,392) and Trade debts (-€629)
- Current investments +€97
up €97 (+47.8%), from €204 to €301
- Profit (loss) carried forward -€8,392
down €8,392 (-70.0%), from -€11,988 to -€20,380
- Other debts +€2,990
new in 2025: €2,990
- Trade debts -€629
no longer reported in 2025 (was €629)
- Gross operating margin -€1,581
down €1,581 (-25.4%), from -€6,216 to -€7,797
- Other operating charges +€274
up €274 (+525.3%), from €52 to €326
- Financial charges -€137
down €137 (-68.8%), from €199 to €62
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 | €7,395 | €1,363 | -€6,031 | -81.6% |
| Fixed assets | 21/28 | €1,022 | €815 | -€207 | -20.3% |
| Tangible fixed assets | 22/27 | €922 | €715 | -€207 | -22.5% |
| Furniture and vehicles | 24 | €922 | €715 | -€207 | -22.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €6,373 | €548 | -€5,824 | -91.4% |
| Amounts receivable within one year | 40/41 | €5,984 | €199 | -€5,785 | -96.7% |
| Trade receivables | 40 | €2,083 | - | -€2,083 | |
| Other amounts receivable | 41 | €3,901 | €199 | -€3,702 | -94.9% |
| Current investments | 50/53 | €204 | €301 | +€97 | +47.8% |
| Cash at bank and in hand | 54/58 | €185 | €48 | -€137 | -74.0% |
| Total equity and liabilities | 10/49 | €7,395 | €1,363 | -€6,031 | -81.6% |
| Equity | 10/15 | €6,766 | -€1,627 | -€8,392 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153 | €153 | = | 0.0% |
| Non-distributable reserves | 130/1 | €153 | €153 | = | 0.0% |
| Legal reserve | 130 | €153 | €153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,988 | -€20,380 | -€8,392 | -70.0% |
| Amounts payable | 17/49 | €629 | €2,990 | +€2,361 | +375.2% |
| Amounts payable within one year | 42/48 | €629 | €2,990 | +€2,361 | +375.2% |
| Trade debts | 44 | €629 | - | -€629 | |
| Suppliers | 440/4 | €629 | - | -€629 | |
| Other amounts payable | 47/48 | - | €2,990 | +€2,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €207 | -€55 | -21.0% |
| Other operating charges | 640/8 | €52 | €326 | +€274 | +525.3% |
| Gross operating margin | 9900 | -€6,216 | -€7,797 | -€1,581 | -25.4% |
| Operating profit (loss) | 9901 | -€6,531 | -€8,330 | -€1,799 | -27.6% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €199 | €62 | -€137 | -68.8% |
| Recurring financial charges | 65 | €199 | €62 | -€137 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,721 | -€8,392 | -€1,671 | -24.9% |
| Profit (loss) for the period | 9904 | -€6,721 | -€8,392 | -€1,671 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,721 | -€8,392 | -€1,671 | -24.9% |
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 30 September 2026 via checked.be.