ELAURE: 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.
ELAURE
Largest movements
- Tangible fixed assets +€340,346
up €340,346 (+143.8%), from €236,690 to €577,035
of which Plant, machinery and equipment: +€357,624
- Cash -€31,985
down €31,985 (-31.8%), from €100,453 to €68,468
mainly Investment in fixed assets (net) (-€470,135) and Net result for the year (-€150,283)
- Current investments +€21,026
up €21,026 (+646.0%), from €3,255 to €24,281
- Receivables within one year +€13,482
up €13,482 (+128.3%), from €10,508 to €23,990
of which Trade receivables: +€16,650
- Debts after one year +€258,169
up €258,169 (+935.5%), from €27,596 to €285,765
- Other debts +€170,684
up €170,684 (+147.1%), from €116,019 to €286,703
- Profit (loss) carried forward -€150,283
down €150,283 (-39.6%), from -€379,242 to -€529,525
- Trade debts +€28,423
up €28,423 (+12.2%), from €233,919 to €262,341
- Tax, wage and social debts +€18,521
up €18,521 (+14.1%), from €131,090 to €149,611
of which Remuneration and social security: +€16,304
- Gross operating margin +€148,660
up €148,660 (+15.9%), from €935,304 to €1.1m
- Depreciation +€49,027
up €49,027 (+60.7%), from €80,763 to €129,789
- Staff costs +€38,123
up €38,123 (+3.8%), from €1.0m to €1.1m
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 | €411,338 | €751,876 | +€340,538 | +82.8% |
| Fixed assets | 21/28 | €237,285 | €577,630 | +€340,346 | +143.4% |
| Tangible fixed assets | 22/27 | €236,690 | €577,035 | +€340,346 | +143.8% |
| Plant, machinery and equipment | 23 | €184,686 | €542,310 | +€357,624 | +193.6% |
| Furniture and vehicles | 24 | €52,003 | €34,725 | -€17,278 | -33.2% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €174,054 | €174,246 | +€192 | +0.1% |
| Stocks and contracts in progress | 3 | €22,345 | €21,448 | -€897 | -4.0% |
| Stocks | 30/36 | €22,345 | €21,448 | -€897 | -4.0% |
| Amounts receivable within one year | 40/41 | €10,508 | €23,990 | +€13,482 | +128.3% |
| Trade receivables | 40 | €1,223 | €17,873 | +€16,650 | +1361.5% |
| Other amounts receivable | 41 | €9,285 | €6,117 | -€3,168 | -34.1% |
| Current investments | 50/53 | €3,255 | €24,281 | +€21,026 | +646.0% |
| Cash at bank and in hand | 54/58 | €100,453 | €68,468 | -€31,985 | -31.8% |
| Deferred charges and accrued income | 490/1 | €37,493 | €36,059 | -€1,434 | -3.8% |
| Total equity and liabilities | 10/49 | €411,338 | €751,876 | +€340,538 | +82.8% |
| Equity | 10/15 | -€167,242 | -€317,525 | -€150,283 | -89.9% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€379,242 | -€529,525 | -€150,283 | -39.6% |
| Amounts payable | 17/49 | €578,580 | €1,069,401 | +€490,821 | +84.8% |
| Amounts payable after more than one year | 17 | €27,596 | €285,765 | +€258,169 | +935.5% |
| Financial debts | 170/4 | €27,596 | €285,765 | +€258,169 | +935.5% |
| Amounts payable within one year | 42/48 | €546,250 | €776,363 | +€230,113 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €65,223 | €77,708 | +€12,485 | +19.1% |
| Trade debts | 44 | €233,919 | €262,341 | +€28,423 | +12.2% |
| Suppliers | 440/4 | €233,919 | €262,341 | +€28,423 | +12.2% |
| Taxes, remuneration and social security | 45 | €131,090 | €149,611 | +€18,521 | +14.1% |
| Taxes | 450/3 | €3,056 | €5,274 | +€2,218 | +72.6% |
| Remuneration and social security | 454/9 | €128,034 | €144,337 | +€16,304 | +12.7% |
| Other amounts payable | 47/48 | €116,019 | €286,703 | +€170,684 | +147.1% |
| Accrued charges and deferred income | 492/3 | €4,734 | €7,273 | +€2,539 | +53.6% |
| Non-recurring operating income | 76A | €21,350 | €57,855 | +€36,505 | +171.0% |
| Remuneration, social security and pensions | 62 | €1,013,710 | €1,051,833 | +€38,123 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,763 | €129,789 | +€49,027 | +60.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €88 | +€88 | |
| Other operating charges | 640/8 | €27,284 | €23,729 | -€3,556 | -13.0% |
| Gross operating margin | 9900 | €935,304 | €1,083,964 | +€148,660 | +15.9% |
| Operating profit (loss) | 9901 | -€186,453 | -€121,475 | +€64,978 | +34.8% |
| Financial income | 75/76B | €515 | €650 | +€134 | +26.1% |
| Recurring financial income | 75 | €515 | €650 | +€134 | +26.1% |
| Financial charges | 65/66B | €18,693 | €29,293 | +€10,600 | +56.7% |
| Recurring financial charges | 65 | €18,693 | €29,293 | +€10,600 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | -€204,631 | -€150,118 | +€54,512 | +26.6% |
| Income taxes | 67/77 | €35 | €165 | +€130 | +377.7% |
| Profit (loss) for the period | 9904 | -€204,665 | -€150,283 | +€54,382 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€204,665 | -€150,283 | +€54,382 | +26.6% |
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 10 October 2026 via checked.be.