ELAKON: 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.
ELAKON
Largest movements
- Receivables within one year +€9,764
up €9,764 (+24.8%), from €39,355 to €49,119
of which Other amounts receivable: +€9,764
- Tangible fixed assets -€5,557
down €5,557 (-38.4%), from €14,460 to €8,903
- Cash +€3,607
up €3,607 (+89.5%), from €4,031 to €7,637
mainly Net result for the year (+€7,167) and Depreciation (+€5,557)
- Deferred charges and accrued income -€950
no longer reported in 2025 (was €950)
- Reserves +€7,167
up €7,167 (+71.5%), from €10,017 to €17,184
- Tax, wage and social debts +€3,816
up €3,816 (+45.5%), from €8,384 to €12,200
of which Taxes: +€4,957
- Debts after one year -€3,557
no longer reported in 2025 (was €3,557)
- Other debts -€3,500
down €3,500 (-49.3%), from €7,100 to €3,600
- Accrued charges and deferred income +€3,300
new in 2025: €3,300
- Gross operating margin -€6,942
down €6,942 (-18.6%), from €37,415 to €30,473
- Staff costs -€3,742
down €3,742 (-26.5%), from €14,108 to €10,366
- Taxes +€1,790
up €1,790 (+48.1%), from €3,722 to €5,511
- Financial income +€1,205
up €1,205 (+752,831%), from €0 to €1,205
- Financial charges -€645
down €645 (-41.8%), from €1,542 to €898
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.
Derived cash bridge
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 | €60,347 | €67,210 | +€6,863 | +11.4% |
| Fixed assets | 21/28 | €16,010 | €10,453 | -€5,557 | -34.7% |
| Tangible fixed assets | 22/27 | €14,460 | €8,903 | -€5,557 | -38.4% |
| Furniture and vehicles | 24 | €14,460 | €8,903 | -€5,557 | -38.4% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €44,336 | €56,757 | +€12,421 | +28.0% |
| Amounts receivable within one year | 40/41 | €39,355 | €49,119 | +€9,764 | +24.8% |
| Trade receivables | 40 | €3,300 | €3,300 | = | 0.0% |
| Other amounts receivable | 41 | €36,055 | €45,819 | +€9,764 | +27.1% |
| Cash at bank and in hand | 54/58 | €4,031 | €7,637 | +€3,607 | +89.5% |
| Deferred charges and accrued income | 490/1 | €950 | - | -€950 | |
| Total equity and liabilities | 10/49 | €60,347 | €67,210 | +€6,863 | +11.4% |
| Equity | 10/15 | €32,786 | €39,953 | +€7,167 | +21.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,017 | €17,184 | +€7,167 | +71.5% |
| Distributable reserves | 133 | €10,017 | €17,184 | +€7,167 | +71.5% |
| Profit (loss) carried forward | 14 | €2,769 | €2,769 | = | 0.0% |
| Amounts payable | 17/49 | €27,561 | €27,257 | -€303 | -1.1% |
| Amounts payable after more than one year | 17 | €3,557 | - | -€3,557 | |
| Financial debts | 170/4 | €3,557 | - | -€3,557 | |
| Amounts payable within one year | 42/48 | €24,004 | €23,957 | -€47 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €5,148 | €3,557 | -€1,591 | -30.9% |
| Trade debts | 44 | €3,372 | €4,600 | +€1,228 | +36.4% |
| Suppliers | 440/4 | €3,372 | €4,600 | +€1,228 | +36.4% |
| Taxes, remuneration and social security | 45 | €8,384 | €12,200 | +€3,816 | +45.5% |
| Taxes | 450/3 | €7,243 | €12,200 | +€4,957 | +68.4% |
| Remuneration and social security | 454/9 | €1,141 | - | -€1,141 | |
| Other amounts payable | 47/48 | €7,100 | €3,600 | -€3,500 | -49.3% |
| Accrued charges and deferred income | 492/3 | - | €3,300 | +€3,300 | |
| Remuneration, social security and pensions | 62 | €14,108 | €10,366 | -€3,742 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,883 | €5,557 | -€326 | -5.5% |
| Other operating charges | 640/8 | €2,143 | €2,179 | +€35 | +1.6% |
| Gross operating margin | 9900 | €37,415 | €30,473 | -€6,942 | -18.6% |
| Operating profit (loss) | 9901 | €15,281 | €12,371 | -€2,910 | -19.0% |
| Financial income | 75/76B | €0 | €1,205 | +€1,205 | +752,831% |
| Recurring financial income | 75 | €0 | €1,205 | +€1,205 | +752,831% |
| Financial charges | 65/66B | €1,542 | €898 | -€645 | -41.8% |
| Recurring financial charges | 65 | €1,542 | €898 | -€645 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €13,739 | €12,678 | -€1,061 | -7.7% |
| Income taxes | 67/77 | €3,722 | €5,511 | +€1,790 | +48.1% |
| Profit (loss) for the period | 9904 | €10,017 | €7,167 | -€2,850 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,017 | €7,167 | -€2,850 | -28.5% |
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 22 October 2026 via checked.be.