ELALGO: 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.
ELALGO
Largest movements
- Cash +€30,968
up €30,968 (+254%), from €12,184 to €43,153
mainly Other debts (+€36,955) and Net result for the year (+€20,508)
- Receivables within one year -€8,994
down €8,994 (-67.9%), from €13,244 to €4,250
of which Trade receivables: -€9,075
- Tangible fixed assets +€1,134
up €1,134 (+43.8%), from €2,589 to €3,723
of which Furniture and vehicles: +€2,004
- Other debts +€36,955
new in 2025: €36,955
- Profit (loss) carried forward -€22,968
no longer reported in 2025 (was €22,968)
- Tax, wage and social debts +€8,811
up €8,811 (+569%), from €1,549 to €10,360
of which Taxes: +€6,028
- Gross operating margin +€17,787
up €17,787 (+177%), from €10,044 to €27,832
- Taxes +€3,597
up €3,597 (+170%), from €2,116 to €5,713
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 | €28,017 | €51,126 | +€23,109 | +82.5% |
| Fixed assets | 21/28 | €2,589 | €3,723 | +€1,134 | +43.8% |
| Tangible fixed assets | 22/27 | €2,589 | €3,723 | +€1,134 | +43.8% |
| Furniture and vehicles | 24 | - | €2,004 | +€2,004 | |
| Other tangible fixed assets | 26 | €2,589 | €1,719 | -€870 | -33.6% |
| Current assets | 29/58 | €25,429 | €47,403 | +€21,974 | +86.4% |
| Amounts receivable within one year | 40/41 | €13,244 | €4,250 | -€8,994 | -67.9% |
| Trade receivables | 40 | €9,075 | - | -€9,075 | |
| Other amounts receivable | 41 | €4,169 | €4,250 | +€81 | +1.9% |
| Cash at bank and in hand | 54/58 | €12,184 | €43,153 | +€30,968 | +254% |
| Total equity and liabilities | 10/49 | €28,017 | €51,126 | +€23,109 | +82.5% |
| Equity | 10/15 | €25,968 | €3,000 | -€22,968 | -88.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,968 | - | -€22,968 | |
| Amounts payable | 17/49 | €2,049 | €48,126 | +€46,076 | +2,248% |
| Amounts payable within one year | 42/48 | €2,049 | €48,126 | +€46,076 | +2,248% |
| Trade debts | 44 | €500 | €811 | +€311 | +62.1% |
| Suppliers | 440/4 | €500 | €811 | +€311 | +62.1% |
| Taxes, remuneration and social security | 45 | €1,549 | €10,360 | +€8,811 | +569% |
| Taxes | 450/3 | €1,549 | €7,577 | +€6,028 | +389% |
| Remuneration and social security | 454/9 | - | €2,783 | +€2,783 | |
| Other amounts payable | 47/48 | - | €36,955 | +€36,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €870 | €1,075 | +€205 | +23.5% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €10,044 | €27,832 | +€17,787 | +177% |
| Operating profit (loss) | 9901 | €8,723 | €26,292 | +€17,568 | +201% |
| Financial charges | 65/66B | €93 | €70 | -€22 | -24.0% |
| Recurring financial charges | 65 | €93 | €70 | -€22 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €8,631 | €26,221 | +€17,591 | +204% |
| Income taxes | 67/77 | €2,116 | €5,713 | +€3,597 | +170% |
| Profit (loss) for the period | 9904 | €6,514 | €20,508 | +€13,994 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €6,514 | €20,508 | +€13,994 | +215% |
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 16 October 2026 via checked.be.