Elacon: what changed
What changed
Elacon
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€137,508
2024 · €125,162+€12,346
Equity
€519,863
2024 · €410,644+€109,219
Cash
€316,518
2024 · €190,131+€126,388
Balance sheet total
€651,008
2024 · €514,668+€136,341
Largest movements
Assets
- Cash +€126,388
up €126,388 (+66.5%), from €190,131 to €316,518
mainly Net result for the year (+€137,508) and Trade debts (+€13,805)
- Stocks and contracts +€14,042
up €14,042 (+26.5%), from €53,048 to €67,090
- Deferred charges and accrued income +€7,650
up €7,650 (+60.8%), from €12,578 to €20,228
- Receivables within one year -€6,646
down €6,646 (-3.2%), from €209,806 to €203,160
of which Trade receivables: -€7,301
Equity and liabilities
- Reserves +€109,219
up €109,219 (+27.0%), from €404,444 to €513,663
- Trade debts +€13,805
up €13,805 (+33.8%), from €40,834 to €54,638
- Tax, wage and social debts +€13,061
up €13,061 (+66.3%), from €19,691 to €32,752
of which Taxes: +€13,318
Income statement
- Gross operating margin +€15,465
up €15,465 (+6.3%), from €246,115 to €261,581
- Taxes +€4,260
up €4,260 (+6.6%), from €64,539 to €68,798
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.
Result 2024
€125,162
Gross operating margin
+€15,465
Staff costs
+€1,773
Depreciation
+€1,255
Other operating charges
-€749
Financial income
-€869
Financial charges
-€270
Taxes
-€4,260
Result 2025
€137,508
raises the resultlowers the result
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.
From operations
+€158,539
Investment
-€5,829
Financing
-€26,322
Cash 2024
€190,131
From operations (derived)
+€158,539
Net result for the year
+€137,508
Depreciation
+€10,923
Stocks and contracts
-€14,042
Receivables within one year
+€6,646
Deferred charges and accrued income
-€7,650
Trade debts
+€13,805
Tax, wage and social debts
+€13,061
Other debts
-€1,710
Investment (derived)
-€5,829
Investment in fixed assets (net)
-€5,829
Financing
-€26,322
Short-term financial debts
+€1,967
Contributions, distributions and other
-€28,289
Cash 2025
€316,518
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,668 | €651,008 | +€136,341 | +26.5% |
| Fixed assets | 21/28 | €49,105 | €44,012 | -€5,093 | -10.4% |
| Tangible fixed assets | 22/27 | €38,105 | €33,012 | -€5,093 | -13.4% |
| Land and buildings | 22 | €3,207 | €2,673 | -€535 | -16.7% |
| Plant, machinery and equipment | 23 | €26,183 | €22,021 | -€4,162 | -15.9% |
| Furniture and vehicles | 24 | €6,204 | €6,062 | -€142 | -2.3% |
| Other tangible fixed assets | 26 | €2,510 | €2,256 | -€255 | -10.1% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €465,562 | €606,997 | +€141,434 | +30.4% |
| Stocks and contracts in progress | 3 | €53,048 | €67,090 | +€14,042 | +26.5% |
| Stocks | 30/36 | €53,048 | €67,090 | +€14,042 | +26.5% |
| Amounts receivable within one year | 40/41 | €209,806 | €203,160 | -€6,646 | -3.2% |
| Trade receivables | 40 | €200,211 | €192,910 | -€7,301 | -3.6% |
| Other amounts receivable | 41 | €9,595 | €10,250 | +€656 | +6.8% |
| Cash at bank and in hand | 54/58 | €190,131 | €316,518 | +€126,388 | +66.5% |
| Deferred charges and accrued income | 490/1 | €12,578 | €20,228 | +€7,650 | +60.8% |
| Total equity and liabilities | 10/49 | €514,668 | €651,008 | +€136,341 | +26.5% |
| Equity | 10/15 | €410,644 | €519,863 | +€109,219 | +26.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €404,444 | €513,663 | +€109,219 | +27.0% |
| Distributable reserves | 133 | €404,444 | €513,663 | +€109,219 | +27.0% |
| Amounts payable | 17/49 | €104,023 | €131,145 | +€27,122 | +26.1% |
| Amounts payable within one year | 42/48 | €104,023 | €131,145 | +€27,122 | +26.1% |
| Financial debts | 43 | €41,788 | €43,755 | +€1,967 | +4.7% |
| Credit institutions | 430/8 | €41,788 | €43,755 | +€1,967 | +4.7% |
| Trade debts | 44 | €40,834 | €54,638 | +€13,805 | +33.8% |
| Suppliers | 440/4 | €40,834 | €54,638 | +€13,805 | +33.8% |
| Taxes, remuneration and social security | 45 | €19,691 | €32,752 | +€13,061 | +66.3% |
| Taxes | 450/3 | €10,800 | €24,118 | +€13,318 | +123% |
| Remuneration and social security | 454/9 | €8,891 | €8,634 | -€257 | -2.9% |
| Other amounts payable | 47/48 | €1,710 | - | -€1,710 | |
| Remuneration, social security and pensions | 62 | €41,090 | €39,317 | -€1,773 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,178 | €10,923 | -€1,255 | -10.3% |
| Other operating charges | 640/8 | €1,683 | €2,432 | +€749 | +44.5% |
| Gross operating margin | 9900 | €246,115 | €261,581 | +€15,465 | +6.3% |
| Operating profit (loss) | 9901 | €191,164 | €208,909 | +€17,745 | +9.3% |
| Financial income | 75/76B | €1,734 | €864 | -€869 | -50.1% |
| Recurring financial income | 75 | €1,734 | €864 | -€869 | -50.1% |
| Financial charges | 65/66B | €3,197 | €3,467 | +€270 | +8.5% |
| Recurring financial charges | 65 | €3,197 | €3,356 | +€159 | +5.0% |
| Non-recurring financial charges | 66B | - | €111 | +€111 | |
| Profit (loss) for the period before taxes | 9903 | €189,701 | €206,306 | +€16,605 | +8.8% |
| Income taxes | 67/77 | €64,539 | €68,798 | +€4,260 | +6.6% |
| Profit (loss) for the period | 9904 | €125,162 | €137,508 | +€12,346 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,162 | €137,508 | +€12,346 | +9.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.