Elastoflex: 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.
What changed
Elastoflex
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,974
2024 · -€9,687+€19,661
Equity
€108,255
2024 · €98,281+€9,974
Cash
€57,243
2024 · €17,152+€40,091
Balance sheet total
€2.6m
2024 · €2.7m-€123,620
Largest movements
Assets
- Tangible fixed assets -€140,865
down €140,865 (-5.6%), from €2.5m to €2.4m
of which Land and buildings: -€117,172
- Cash +€40,091
up €40,091 (+234%), from €17,152 to €57,243
mainly Depreciation (+€148,693) and Trade debts (+€16,868)
Equity and liabilities
- Debts after one year -€141,752
down €141,752 (-7.7%), from €1.8m to €1.7m
Income statement
- Gross operating margin +€56,230
up €56,230 (+10.5%), from €534,943 to €591,174
- Other operating charges +€32,644
up €32,644 (+141%), from €23,203 to €55,847
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.
Result 2024
-€9,687
Gross operating margin
+€56,230
Staff costs
-€146
Depreciation
+€1,869
Other operating charges
-€32,644
Financial income
-€205
Financial charges
-€1,429
Taxes
-€4,014
Result 2025
€9,974
raises the resultlowers the result
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.
From operations
+€193,422
Investment
-€3,547
Financing
-€149,785
Cash 2024
€17,152
From operations (derived)
+€193,422
Net result for the year
+€9,974
Depreciation
+€148,693
Stocks and contracts
+€1,708
Receivables within one year
+€491
Deferred charges and accrued income
+€16,366
Trade debts
+€16,868
Tax, wage and social debts
+€16,103
Other debts
-€16,781
Investment (derived)
-€3,547
Investment in fixed assets (net)
-€3,547
Financing
-€149,785
Debts after one year
-€141,752
Current portion of long-term debt
-€8,033
Cash 2025
€57,243
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,679,084 | €2,555,464 | -€123,620 | -4.6% |
| Fixed assets | 21/28 | €2,524,363 | €2,379,217 | -€145,146 | -5.7% |
| Intangible fixed assets | 21 | €8,302 | €4,021 | -€4,281 | -51.6% |
| Tangible fixed assets | 22/27 | €2,515,999 | €2,375,134 | -€140,865 | -5.6% |
| Land and buildings | 22 | €2,435,678 | €2,318,506 | -€117,172 | -4.8% |
| Plant, machinery and equipment | 23 | €79,414 | €56,286 | -€23,127 | -29.1% |
| Furniture and vehicles | 24 | €908 | €341 | -€566 | -62.4% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €154,721 | €176,247 | +€21,526 | +13.9% |
| Stocks and contracts in progress | 3 | €4,892 | €3,184 | -€1,708 | -34.9% |
| Stocks | 30/36 | €4,892 | €3,184 | -€1,708 | -34.9% |
| Amounts receivable within one year | 40/41 | €111,670 | €111,180 | -€491 | -0.4% |
| Trade receivables | 40 | €100,906 | €102,785 | +€1,879 | +1.9% |
| Other amounts receivable | 41 | €10,765 | €8,394 | -€2,370 | -22.0% |
| Cash at bank and in hand | 54/58 | €17,152 | €57,243 | +€40,091 | +234% |
| Deferred charges and accrued income | 490/1 | €21,007 | €4,641 | -€16,366 | -77.9% |
| Total equity and liabilities | 10/49 | €2,679,084 | €2,555,464 | -€123,620 | -4.6% |
| Equity | 10/15 | €98,281 | €108,255 | +€9,974 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,681 | €89,655 | +€9,974 | +12.5% |
| Tax-exempt reserves | 132 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €79,591 | €89,564 | +€9,974 | +12.5% |
| Amounts payable | 17/49 | €2,580,803 | €2,447,209 | -€133,594 | -5.2% |
| Amounts payable after more than one year | 17 | €1,829,270 | €1,687,518 | -€141,752 | -7.7% |
| Financial debts | 170/4 | €1,829,270 | €1,687,518 | -€141,752 | -7.7% |
| Amounts payable within one year | 42/48 | €751,534 | €759,691 | +€8,158 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €167,012 | €158,979 | -€8,033 | -4.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €49,396 | €66,264 | +€16,868 | +34.1% |
| Suppliers | 440/4 | €49,396 | €66,264 | +€16,868 | +34.1% |
| Taxes, remuneration and social security | 45 | €29,180 | €45,283 | +€16,103 | +55.2% |
| Taxes | 450/3 | - | €3,167 | +€3,167 | |
| Remuneration and social security | 454/9 | €29,180 | €42,116 | +€12,936 | +44.3% |
| Other amounts payable | 47/48 | €405,946 | €389,165 | -€16,781 | -4.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €579 | €0 | -€579 | -100% |
| Remuneration, social security and pensions | 62 | €342,383 | €342,530 | +€146 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,562 | €148,693 | -€1,869 | -1.2% |
| Other operating charges | 640/8 | €23,203 | €55,847 | +€32,644 | +141% |
| Gross operating margin | 9900 | €534,943 | €591,174 | +€56,230 | +10.5% |
| Operating profit (loss) | 9901 | €18,795 | €44,104 | +€25,309 | +135% |
| Financial income | 75/76B | €1,315 | €1,110 | -€205 | -15.6% |
| Recurring financial income | 75 | €1,315 | €1,110 | -€205 | -15.6% |
| Financial charges | 65/66B | €29,144 | €30,573 | +€1,429 | +4.9% |
| Recurring financial charges | 65 | €29,144 | €30,573 | +€1,429 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,034 | €14,641 | +€23,675 | |
| Income taxes | 67/77 | €653 | €4,667 | +€4,014 | +615% |
| Profit (loss) for the period | 9904 | -€9,687 | €9,974 | +€19,661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,687 | €9,974 | +€19,661 |
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 31 October 2026 via checked.be.