ELAIRCO: 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.
ELAIRCO
Largest movements
- Cash +€1,904
up €1,904 (+290.8%), from €655 to €2,558
mainly Net result for the year (+€1,417) and Trade debts (+€408)
- Receivables within one year +€281
up €281 (+57.2%), from €492 to €773
of which Trade receivables: +€494
- Formation expenses -€123
down €123 (-28.2%), from €435 to €312
- Profit (loss) carried forward +€1,417
up €1,417, from -€419 to €998
- Trade debts +€408
new in 2025: €408
- Tax, wage and social debts +€237
new in 2025: €237
- Gross operating margin +€1,539
up €1,539 (+401.5%), from €383 to €1,922
- Other operating charges -€356
down €356 (-84.4%), from €422 to €66
- Taxes +€237
new in 2025: €237
- Financial charges -€154
down €154 (-65.9%), from €234 to €80
- Depreciation -€56
down €56 (-31.3%), from €179 to €123
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 | €1,581 | €3,644 | +€2,062 | +130.4% |
| Formation expenses | 20 | €435 | €312 | -€123 | -28.2% |
| Current assets | 29/58 | €1,146 | €3,331 | +€2,185 | +190.6% |
| Amounts receivable within one year | 40/41 | €492 | €773 | +€281 | +57.2% |
| Trade receivables | 40 | - | €494 | +€494 | |
| Other amounts receivable | 41 | €492 | €279 | -€213 | -43.3% |
| Cash at bank and in hand | 54/58 | €655 | €2,558 | +€1,904 | +290.8% |
| Total equity and liabilities | 10/49 | €1,581 | €3,644 | +€2,062 | +130.4% |
| Equity | 10/15 | €781 | €2,198 | +€1,417 | +181.4% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€419 | €998 | +€1,417 | |
| Amounts payable | 17/49 | €800 | €1,446 | +€645 | +80.7% |
| Amounts payable within one year | 42/48 | €800 | €1,446 | +€645 | +80.7% |
| Trade debts | 44 | - | €408 | +€408 | |
| Suppliers | 440/4 | - | €408 | +€408 | |
| Taxes, remuneration and social security | 45 | - | €237 | +€237 | |
| Taxes | 450/3 | - | €237 | +€237 | |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179 | €123 | -€56 | -31.3% |
| Other operating charges | 640/8 | €422 | €66 | -€356 | -84.4% |
| Gross operating margin | 9900 | €383 | €1,922 | +€1,539 | +401.5% |
| Operating profit (loss) | 9901 | -€217 | €1,734 | +€1,951 | |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €234 | €80 | -€154 | -65.9% |
| Recurring financial charges | 65 | €234 | €80 | -€154 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | -€419 | €1,654 | +€2,073 | |
| Income taxes | 67/77 | - | €237 | +€237 | |
| Profit (loss) for the period | 9904 | -€419 | €1,417 | +€1,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€419 | €1,417 | +€1,836 |
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.