ELAU: 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.
ELAU
Largest movements
- Receivables within one year +€65,237
up €65,237 (+221294.0%), from €29 to €65,267
of which Trade receivables: +€63,888
- Cash +€29,943
up €29,943 (+935.6%), from €3,200 to €33,143
mainly Net result for the year (+€50,544) and Other debts (+€32,369)
- Tangible fixed assets +€1,485
new in 2025: €1,485
of which Plant, machinery and equipment: +€927
- Deferred charges and accrued income +€1,131
up €1,131 (+8664.1%), from €13 to €1,144
- Reserves +€50,544
up €50,544 (+1317.1%), from €3,837 to €54,382
- Other debts +€32,369
new in 2025: €32,369
- Tax, wage and social debts +€12,075
new in 2025: €12,075
- Trade debts +€1,969
new in 2025: €1,969
- Gross operating margin +€70,166
up €70,166, from -€1,210 to €68,956
- Taxes +€13,712
new in 2025: €13,712
- Financial charges +€3,376
up €3,376 (+5027.6%), from €67 to €3,443
- Other operating charges +€1,076
new in 2025: €1,076
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 | €3,243 | €101,038 | +€97,795 | +3015.6% |
| Fixed assets | 21/28 | - | €1,485 | +€1,485 | |
| Tangible fixed assets | 22/27 | - | €1,485 | +€1,485 | |
| Plant, machinery and equipment | 23 | - | €927 | +€927 | |
| Furniture and vehicles | 24 | - | €558 | +€558 | |
| Current assets | 29/58 | €3,243 | €99,554 | +€96,311 | +2969.8% |
| Amounts receivable within one year | 40/41 | €29 | €65,267 | +€65,237 | +221294.0% |
| Trade receivables | 40 | - | €63,888 | +€63,888 | |
| Other amounts receivable | 41 | €29 | €1,379 | +€1,349 | +4577.6% |
| Cash at bank and in hand | 54/58 | €3,200 | €33,143 | +€29,943 | +935.6% |
| Deferred charges and accrued income | 490/1 | €13 | €1,144 | +€1,131 | +8664.1% |
| Total equity and liabilities | 10/49 | €3,243 | €101,038 | +€97,795 | +3015.6% |
| Equity | 10/15 | €3,243 | €53,787 | +€50,544 | +1558.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,837 | €54,382 | +€50,544 | +1317.1% |
| Distributable reserves | 133 | €3,837 | €54,382 | +€50,544 | +1317.1% |
| Profit (loss) carried forward | 14 | -€3,594 | -€3,594 | = | 0.0% |
| Amounts payable | 17/49 | - | €47,251 | +€47,251 | |
| Amounts payable within one year | 42/48 | - | €46,413 | +€46,413 | |
| Trade debts | 44 | - | €1,969 | +€1,969 | |
| Suppliers | 440/4 | - | €1,969 | +€1,969 | |
| Taxes, remuneration and social security | 45 | - | €12,075 | +€12,075 | |
| Taxes | 450/3 | - | €12,075 | +€12,075 | |
| Other amounts payable | 47/48 | - | €32,369 | +€32,369 | |
| Accrued charges and deferred income | 492/3 | - | €838 | +€838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €181 | +€181 | |
| Other operating charges | 640/8 | - | €1,076 | +€1,076 | |
| Gross operating margin | 9900 | -€1,210 | €68,956 | +€70,166 | |
| Operating profit (loss) | 9901 | -€1,210 | €67,699 | +€68,909 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €67 | €3,443 | +€3,376 | +5027.6% |
| Recurring financial charges | 65 | €67 | €3,443 | +€3,376 | +5027.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,264 | €64,256 | +€65,520 | |
| Income taxes | 67/77 | - | €13,712 | +€13,712 | |
| Profit (loss) for the period | 9904 | -€1,264 | €50,544 | +€51,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,264 | €50,544 | +€51,808 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.