Elaur: 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.
Elaur
Largest movements
- Receivables within one year -€383,066
down €383,066 (-81.6%), from €469,343 to €86,276
of which Trade receivables: -€385,725
- Tangible fixed assets -€239,109
down €239,109 (-96.1%), from €248,857 to €9,748
of which Other tangible fixed assets: -€210,394
- Stocks and contracts -€149,431
no longer reported in 2025 (was €149,431)
- Cash -€59,035
down €59,035 (-45.3%), from €130,312 to €71,278
mainly Advances received (-€750,980) and Debts after one year (-€167,119)
- Intangible fixed assets -€27,500
no longer reported in 2025 (was €27,500)
- Advances received -€750,980
no longer reported in 2025 (was €750,980)
- Debts after one year -€167,119
no longer reported in 2025 (was €167,119)
- Profit (loss) carried forward +€154,835
up €154,835, from -€103,838 to €50,997
- Tax, wage and social debts -€55,504
down €55,504 (-87.1%), from €63,746 to €8,242
of which Remuneration and social security: -€33,054
- Contributions -€40,000
down €40,000 (-40.0%), from €100,000 to €60,000
- Gross operating margin +€140,863
up €140,863 (+89.5%), from €157,364 to €298,227
- Staff costs -€89,261
down €89,261 (-44.4%), from €200,898 to €111,637
- Depreciation -€54,628
down €54,628 (-93.3%), from €58,527 to €3,899
- Other operating charges +€41,661
up €41,661 (+5936.3%), from €702 to €42,363
- Financial income -€15,391
down €15,391 (-33.9%), from €45,385 to €29,994
of which Financial income: -€14,258
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 | €1,037,952 | €167,302 | -€870,650 | -83.9% |
| Fixed assets | 21/28 | €276,357 | €9,748 | -€266,609 | -96.5% |
| Intangible fixed assets | 21 | €27,500 | - | -€27,500 | |
| Tangible fixed assets | 22/27 | €248,857 | €9,748 | -€239,109 | -96.1% |
| Plant, machinery and equipment | 23 | €17,088 | - | -€17,088 | |
| Furniture and vehicles | 24 | €21,374 | €9,748 | -€11,626 | -54.4% |
| Other tangible fixed assets | 26 | €210,394 | - | -€210,394 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €761,596 | €157,554 | -€604,042 | -79.3% |
| Stocks and contracts in progress | 3 | €149,431 | - | -€149,431 | |
| Stocks | 30/36 | €149,431 | - | -€149,431 | |
| Amounts receivable within one year | 40/41 | €469,343 | €86,276 | -€383,066 | -81.6% |
| Trade receivables | 40 | €467,855 | €82,129 | -€385,725 | -82.4% |
| Other amounts receivable | 41 | €1,488 | €4,147 | +€2,659 | +178.7% |
| Cash at bank and in hand | 54/58 | €130,312 | €71,278 | -€59,035 | -45.3% |
| Deferred charges and accrued income | 490/1 | €12,509 | - | -€12,509 | |
| Total equity and liabilities | 10/49 | €1,037,952 | €167,302 | -€870,650 | -83.9% |
| Equity | 10/15 | €6,162 | €120,997 | +€114,835 | +1863.6% |
| Contributions | 10/11 | €100,000 | €60,000 | -€40,000 | -40.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,838 | €50,997 | +€154,835 | |
| Amounts payable | 17/49 | €1,031,790 | €46,305 | -€985,485 | -95.5% |
| Amounts payable after more than one year | 17 | €167,119 | - | -€167,119 | |
| Financial debts | 170/4 | €167,119 | - | -€167,119 | |
| Amounts payable within one year | 42/48 | €864,671 | €46,305 | -€818,366 | -94.6% |
| Current portion of amounts payable after more than one year | 42 | €16,825 | - | -€16,825 | |
| Trade debts | 44 | €31,006 | €37,414 | +€6,408 | +20.7% |
| Suppliers | 440/4 | €31,006 | €37,414 | +€6,408 | +20.7% |
| Advances received on contracts in progress | 46 | €750,980 | - | -€750,980 | |
| Taxes, remuneration and social security | 45 | €63,746 | €8,242 | -€55,504 | -87.1% |
| Taxes | 450/3 | €26,842 | €4,392 | -€22,450 | -83.6% |
| Remuneration and social security | 454/9 | €36,904 | €3,850 | -€33,054 | -89.6% |
| Other amounts payable | 47/48 | €2,114 | €649 | -€1,465 | -69.3% |
| Remuneration, social security and pensions | 62 | €200,898 | €111,637 | -€89,261 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,527 | €3,899 | -€54,628 | -93.3% |
| Other operating charges | 640/8 | €702 | €42,363 | +€41,661 | +5936.3% |
| Non-recurring operating charges | 66A | €63,377 | - | -€63,377 | |
| Gross operating margin | 9900 | €157,364 | €298,227 | +€140,863 | +89.5% |
| Operating profit (loss) | 9901 | -€166,140 | €140,327 | +€306,468 | |
| Financial income | 75/76B | €45,385 | €29,994 | -€15,391 | -33.9% |
| Recurring financial income | 75 | €41,127 | €26,869 | -€14,258 | -34.7% |
| Non-recurring financial income | 76B | €4,258 | €3,125 | -€1,133 | -26.6% |
| Financial charges | 65/66B | €10,651 | €11,095 | +€444 | +4.2% |
| Recurring financial charges | 65 | €10,651 | €11,095 | +€444 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€131,406 | €159,227 | +€290,632 | |
| Income taxes | 67/77 | €624 | €4,392 | +€3,767 | +603.3% |
| Profit (loss) for the period | 9904 | -€132,030 | €154,835 | +€286,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€132,030 | €154,835 | +€286,865 |
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 5 October 2026 via checked.be.