ELANDEL: 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.
ELANDEL
Largest movements
- Cash +€28,181
up €28,181 (+79.4%), from €35,491 to €63,673
mainly Net result for the year (+€38,218) and Tax, wage and social debts (+€1,876)
- Receivables within one year +€11,188
up €11,188 (+40.3%), from €27,769 to €38,957
of which Trade receivables: +€7,188
- Reserves +€38,000
up €38,000 (+82.6%), from €46,000 to €84,000
- Tax, wage and social debts +€1,876
up €1,876 (+21.4%), from €8,757 to €10,633
- Accrued charges and deferred income -€1,171
no longer reported in 2025 (was €1,171)
- Gross operating margin +€8,371
up €8,371 (+20.1%), from €41,716 to €50,086
- Taxes +€1,809
up €1,809 (+20.3%), from €8,911 to €10,720
- Other operating charges +€610
up €610 (+158%), from €386 to €996
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 | €63,533 | €103,319 | +€39,786 | +62.6% |
| Current assets | 29/58 | €63,533 | €103,319 | +€39,786 | +62.6% |
| Amounts receivable within one year | 40/41 | €27,769 | €38,957 | +€11,188 | +40.3% |
| Trade receivables | 40 | €26,769 | €33,957 | +€7,188 | +26.9% |
| Other amounts receivable | 41 | €1,000 | €5,000 | +€4,000 | +400% |
| Cash at bank and in hand | 54/58 | €35,491 | €63,673 | +€28,181 | +79.4% |
| Deferred charges and accrued income | 490/1 | €273 | €689 | +€416 | +152% |
| Total equity and liabilities | 10/49 | €63,533 | €103,319 | +€39,786 | +62.6% |
| Equity | 10/15 | €49,425 | €87,643 | +€38,218 | +77.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €84,000 | +€38,000 | +82.6% |
| Distributable reserves | 133 | €46,000 | €84,000 | +€38,000 | +82.6% |
| Profit (loss) carried forward | 14 | €425 | €643 | +€218 | +51.4% |
| Amounts payable | 17/49 | €14,108 | €15,675 | +€1,567 | +11.1% |
| Amounts payable within one year | 42/48 | €12,937 | €15,675 | +€2,738 | +21.2% |
| Trade debts | 44 | €352 | €661 | +€310 | +88.1% |
| Suppliers | 440/4 | €352 | €661 | +€310 | +88.1% |
| Taxes, remuneration and social security | 45 | €8,757 | €10,633 | +€1,876 | +21.4% |
| Taxes | 450/3 | €8,757 | €10,633 | +€1,876 | +21.4% |
| Other amounts payable | 47/48 | €3,828 | €4,381 | +€552 | +14.4% |
| Accrued charges and deferred income | 492/3 | €1,171 | - | -€1,171 | |
| Other operating charges | 640/8 | €386 | €996 | +€610 | +158% |
| Gross operating margin | 9900 | €41,716 | €50,086 | +€8,371 | +20.1% |
| Operating profit (loss) | 9901 | €41,330 | €49,091 | +€7,761 | +18.8% |
| Financial charges | 65/66B | €115 | €152 | +€37 | +32.1% |
| Recurring financial charges | 65 | €115 | €152 | +€37 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €41,215 | €48,938 | +€7,724 | +18.7% |
| Income taxes | 67/77 | €8,911 | €10,720 | +€1,809 | +20.3% |
| Profit (loss) for the period | 9904 | €32,304 | €38,218 | +€5,915 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,304 | €38,218 | +€5,915 | +18.3% |
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 13 October 2026 via checked.be.