ELAFLEX: 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.
What changed
ELAFLEX
NACE 46.649, Wholesale of other machinery and equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€595,354
2024 · €593,157+€2,196
Equity
€4.7m
2024 · €4.1m+€595,354
Cash
€486,107
2024 · €356,866+€129,241
Balance sheet total
€5.1m
2024 · €4.5m+€562,178
Largest movements
Assets
- Receivables within one year +€388,456
up €388,456 (+16.2%), from €2.4m to €2.8m
of which Other amounts receivable: +€711,972
- Cash +€129,241
up €129,241 (+36.2%), from €356,866 to €486,107
mainly Net result for the year (+€595,354) and Depreciation (+€111,338)
- Stocks and contracts +€81,506
up €81,506 (+7.2%), from €1.1m to €1.2m
Equity and liabilities
- Profit (loss) carried forward +€595,354
up €595,354 (+20.6%), from €2.9m to €3.5m
Income statement
- Gross operating margin -€95,850
down €95,850 (-3.6%), from €2.7m to €2.6m
- Staff costs -€39,061
down €39,061 (-2.2%), from €1.8m to €1.8m
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.
Result 2024
€593,157
Gross operating margin
-€95,850
Staff costs
+€39,061
Depreciation
-€10,300
Write-downs
+€2,872
Provisions
+€34
Other operating charges
-€1,568
Other operating items
+€55,574
Financial income
+€9,137
Financial charges
+€1,780
Taxes
+€1,456
Result 2025
€595,354
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.
From operations
+€209,268
Investment
-€80,027
Financing
€0
Cash 2024
€356,866
From operations (derived)
+€209,268
Net result for the year
+€595,354
Depreciation
+€111,338
Stocks and contracts
-€81,506
Receivables within one year
-€388,456
Deferred charges and accrued income
+€5,715
Provisions
-€14,237
Trade debts
+€9,355
Tax, wage and social debts
-€30,335
Accrued charges and deferred income
+€2,042
Investment (derived)
-€80,027
Investment in fixed assets (net)
-€80,027
Cash 2025
€486,107
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,502,130 | €5,064,308 | +€562,178 | +12.5% |
| Fixed assets | 21/28 | €593,168 | €561,858 | -€31,311 | -5.3% |
| Intangible fixed assets | 21 | €260 | - | -€260 | |
| Tangible fixed assets | 22/27 | €592,908 | €561,858 | -€31,050 | -5.2% |
| Land and buildings | 22 | €122,656 | €123,419 | +€762 | +0.6% |
| Plant, machinery and equipment | 23 | €352,705 | €361,287 | +€8,582 | +2.4% |
| Furniture and vehicles | 24 | €117,546 | €77,152 | -€40,395 | -34.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €3,908,962 | €4,502,451 | +€593,489 | +15.2% |
| Stocks and contracts in progress | 3 | €1,131,850 | €1,213,356 | +€81,506 | +7.2% |
| Stocks | 30/36 | €1,131,850 | €1,213,356 | +€81,506 | +7.2% |
| Amounts receivable within one year | 40/41 | €2,391,204 | €2,779,660 | +€388,456 | +16.2% |
| Trade receivables | 40 | €1,077,045 | €753,530 | -€323,515 | -30.0% |
| Other amounts receivable | 41 | €1,314,159 | €2,026,130 | +€711,972 | +54.2% |
| Cash at bank and in hand | 54/58 | €356,866 | €486,107 | +€129,241 | +36.2% |
| Deferred charges and accrued income | 490/1 | €29,042 | €23,327 | -€5,715 | -19.7% |
| Total equity and liabilities | 10/49 | €4,502,130 | €5,064,308 | +€562,178 | +12.5% |
| Equity | 10/15 | €4,130,288 | €4,725,642 | +€595,354 | +14.4% |
| Contributions | 10/11 | €930,883 | €930,883 | = | 0.0% |
| Capital | 10 | €930,883 | €930,883 | = | 0.0% |
| Issued capital | 100 | €930,883 | €930,883 | = | 0.0% |
| Reserves | 13 | €312,130 | €312,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €93,088 | €93,088 | = | 0.0% |
| Legal reserve | 130 | €93,088 | €93,088 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,727 | €20,727 | = | 0.0% |
| Distributable reserves | 133 | €198,315 | €198,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,887,274 | €3,482,628 | +€595,354 | +20.6% |
| Provisions and deferred taxes | 16 | €17,797 | €3,559 | -€14,237 | -80.0% |
| Provisions for liabilities and charges | 160/5 | €17,797 | €3,559 | -€14,237 | -80.0% |
| Pensions and similar obligations | 160 | €17,797 | €3,559 | -€14,237 | -80.0% |
| Amounts payable | 17/49 | €354,046 | €335,107 | -€18,938 | -5.3% |
| Amounts payable within one year | 42/48 | €280,566 | €259,585 | -€20,980 | -7.5% |
| Trade debts | 44 | €44,117 | €53,472 | +€9,355 | +21.2% |
| Suppliers | 440/4 | €44,117 | €53,472 | +€9,355 | +21.2% |
| Taxes, remuneration and social security | 45 | €236,449 | €206,113 | -€30,335 | -12.8% |
| Taxes | 450/3 | €62,996 | €35,236 | -€27,760 | -44.1% |
| Remuneration and social security | 454/9 | €173,453 | €170,877 | -€2,575 | -1.5% |
| Accrued charges and deferred income | 492/3 | €73,480 | €75,522 | +€2,042 | +2.8% |
| Non-recurring operating income | 76A | €6,471 | - | -€6,471 | |
| Remuneration, social security and pensions | 62 | €1,793,904 | €1,754,843 | -€39,061 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,038 | €111,338 | +€10,300 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,977 | -€5,848 | -€2,872 | -96.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,203 | -€14,237 | -€34 | -0.2% |
| Other operating charges | 640/8 | €26,150 | €27,717 | +€1,568 | +6.0% |
| Non-recurring operating charges | 66A | €55,574 | - | -€55,574 | |
| Gross operating margin | 9900 | €2,697,754 | €2,601,904 | -€95,850 | -3.6% |
| Operating profit (loss) | 9901 | €738,268 | €728,091 | -€10,177 | -1.4% |
| Financial income | 75/76B | €95,446 | €104,583 | +€9,137 | +9.6% |
| Recurring financial income | 75 | €95,446 | €104,583 | +€9,137 | +9.6% |
| Financial charges | 65/66B | €14,716 | €12,936 | -€1,780 | -12.1% |
| Recurring financial charges | 65 | €14,716 | €12,936 | -€1,780 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €818,999 | €819,739 | +€740 | +0.1% |
| Income taxes | 67/77 | €225,841 | €224,386 | -€1,456 | -0.6% |
| Profit (loss) for the period | 9904 | €593,157 | €595,354 | +€2,196 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €593,157 | €595,354 | +€2,196 | +0.4% |
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 11 October 2026 via checked.be.