ELASTO PROXY EUROPE: what changed
Two fiscal 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.
ELASTO PROXY EUROPE
Largest movements
- Receivables within one year -€110,237
down €110,237 (-63.8%), from €172,829 to €62,592
of which Trade receivables: -€112,282
- Stocks and contracts +€84,694
up €84,694 (+49.7%), from €170,507 to €255,201
- Cash -€69,570
down €69,570 (-80.6%), from €86,363 to €16,793
mainly Stocks and contracts (-€84,694) and Net result for the year (-€66,329)
- Intangible fixed assets -€9,572
down €9,572 (-30.0%), from €31,906 to €22,334
- Tangible fixed assets -€5,743
down €5,743 (-23.8%), from €24,105 to €18,362
of which Plant, machinery and equipment: -€5,204
- Profit (loss) carried forward -€66,329
down €66,329 (-7.2%), from -€926,566 to -€992,895
- Advances received -€44,760
down €44,760 (-100.0%), from €44,760 to €0
- Debts after one year +€38,018
up €38,018 (+4.1%), from €935,993 to €974,011
- Trade debts -€37,434
down €37,434 (-9.7%), from €385,298 to €347,864
- Gross operating margin -€56,761
down €56,761 (-30.1%), from €188,266 to €131,505
- Staff costs -€44,856
down €44,856 (-24.1%), from €185,858 to €141,002
- Depreciation -€3,534
down €3,534 (-18.0%), from €19,646 to €16,113
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 | €493,682 | €382,672 | -€111,010 | -22.5% |
| Fixed assets | 21/28 | €60,549 | €45,262 | -€15,288 | -25.2% |
| Intangible fixed assets | 21 | €31,906 | €22,334 | -€9,572 | -30.0% |
| Tangible fixed assets | 22/27 | €24,105 | €18,362 | -€5,743 | -23.8% |
| Plant, machinery and equipment | 23 | €20,243 | €15,040 | -€5,204 | -25.7% |
| Furniture and vehicles | 24 | €2,306 | €2,286 | -€21 | -0.9% |
| Other tangible fixed assets | 26 | €1,555 | €1,037 | -€518 | -33.3% |
| Financial fixed assets | 28 | €4,539 | €4,566 | +€27 | +0.6% |
| Current assets | 29/58 | €433,133 | €337,410 | -€95,723 | -22.1% |
| Stocks and contracts in progress | 3 | €170,507 | €255,201 | +€84,694 | +49.7% |
| Stocks | 30/36 | €170,507 | €255,201 | +€84,694 | +49.7% |
| Amounts receivable within one year | 40/41 | €172,829 | €62,592 | -€110,237 | -63.8% |
| Trade receivables | 40 | €162,953 | €50,671 | -€112,282 | -68.9% |
| Other amounts receivable | 41 | €9,877 | €11,921 | +€2,044 | +20.7% |
| Cash at bank and in hand | 54/58 | €86,363 | €16,793 | -€69,570 | -80.6% |
| Deferred charges and accrued income | 490/1 | €3,433 | €2,824 | -€609 | -17.7% |
| Total equity and liabilities | 10/49 | €493,682 | €382,672 | -€111,010 | -22.5% |
| Equity | 10/15 | -€908,016 | -€974,345 | -€66,329 | -7.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€926,566 | -€992,895 | -€66,329 | -7.2% |
| Amounts payable | 17/49 | €1,401,698 | €1,357,016 | -€44,681 | -3.2% |
| Amounts payable after more than one year | 17 | €935,993 | €974,011 | +€38,018 | +4.1% |
| Other amounts payable | 178/9 | €935,993 | €974,011 | +€38,018 | +4.1% |
| Amounts payable within one year | 42/48 | €454,704 | €373,205 | -€81,499 | -17.9% |
| Trade debts | 44 | €385,298 | €347,864 | -€37,434 | -9.7% |
| Suppliers | 440/4 | €385,298 | €347,864 | -€37,434 | -9.7% |
| Advances received on contracts in progress | 46 | €44,760 | €0 | -€44,760 | -100.0% |
| Taxes, remuneration and social security | 45 | €24,646 | €25,341 | +€695 | +2.8% |
| Taxes | 450/3 | €1,678 | €1,732 | +€55 | +3.3% |
| Remuneration and social security | 454/9 | €22,968 | €23,609 | +€640 | +2.8% |
| Accrued charges and deferred income | 492/3 | €11,000 | €9,800 | -€1,200 | -10.9% |
| Remuneration, social security and pensions | 62 | €185,858 | €141,002 | -€44,856 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,646 | €16,113 | -€3,534 | -18.0% |
| Other operating charges | 640/8 | €773 | €821 | +€48 | +6.2% |
| Gross operating margin | 9900 | €188,266 | €131,505 | -€56,761 | -30.1% |
| Operating profit (loss) | 9901 | -€18,011 | -€26,430 | -€8,419 | -46.7% |
| Financial income | 75/76B | €296 | €656 | +€360 | +121.9% |
| Recurring financial income | 75 | €296 | €656 | +€360 | +121.9% |
| Financial charges | 65/66B | €38,834 | €40,555 | +€1,721 | +4.4% |
| Recurring financial charges | 65 | €38,834 | €40,555 | +€1,721 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€56,550 | -€66,329 | -€9,779 | -17.3% |
| Profit (loss) for the period | 9904 | -€56,550 | -€66,329 | -€9,779 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,550 | -€66,329 | -€9,779 | -17.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.