ELAUT: 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
ELAUT
NACE 46.497, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€70,784
2024 · €3.3m-€3.3m
Equity
€17.9m
2024 · €17.8m+€22,954
Cash
€361,774
2024 · €394,010-€32,236
Balance sheet total
€24.1m
2024 · €27.9m-€3.9m
Largest movements
Assets
- Receivables within one year -€3.5m
down €3.5m (-26.6%), from €13.2m to €9.7m
of which Trade receivables: -€2.4m
- Tangible fixed assets +€953,428
up €953,428 (+81.7%), from €1.2m to €2.1m
of which Leasing and similar rights: +€1.3m
- Stocks and contracts -€943,872
down €943,872 (-9.4%), from €10.0m to €9.1m
- Intangible fixed assets -€317,234
down €317,234 (-10.6%), from €3.0m to €2.7m
Equity and liabilities
- Trade debts -€2.9m
down €2.9m (-56.2%), from €5.2m to €2.3m
- Other debts -€1.7m
down €1.7m (-47.9%), from €3.5m to €1.8m
- Debts after one year +€1.1m
up €1.1m (+1955.3%), from €54,254 to €1.1m
- Accrued charges and deferred income -€476,287
down €476,287 (-63.2%), from €753,229 to €276,942
Income statement
- Turnover -€9.2m
down €9.2m (-30.0%), from €30.5m to €21.4m
- Goods and materials -€7.8m
down €7.8m (-41.8%), from €18.6m to €10.9m
of which Purchases: -€8.4m
- Taxes -€824,494
down €824,494 (-97.3%), from €847,089 to €22,594
- Services and other goods -€595,218
down €595,218 (-11.5%), from €5.2m to €4.6m
- Financial charges +€527,467
up €527,467 (+127.1%), from €414,948 to €942,415
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
€3.3m
Turnover
-€9.2m
Other operating income
+€234,733
Goods and materials
+€7.8m
Services and other goods
+€595,218
Staff costs
+€22,315
Depreciation
-€251,795
Provisions
-€22,069
Other operating charges
-€10,589
Other operating items
-€2.5m
Financial income
-€205,368
Financial charges
-€527,467
Taxes
+€824,494
Result 2025
€70,784
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.
From operations
+€9,836
Investment
-€1.2m
Financing
+€1.2m
Cash 2024
€394,010
From operations (derived)
+€9,836
Net result for the year
+€70,784
Depreciation
+€581,204
Stocks and contracts
+€943,872
Receivables within one year
+€3.5m
Deferred charges and accrued income
+€5,505
Provisions
-€48,505
Trade debts
-€2.9m
Tax, wage and social debts
+€45,807
Advances received
-€34,351
Other debts
-€1.7m
Accrued charges and deferred income
-€476,287
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€1.2m
Debts after one year
+€1.1m
Current portion of long-term debt
+€162,318
Contributions, distributions and other
-€47,830
Cash 2025
€361,774
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,925,889 | €24,071,957 | -€3.9m | -13.8% |
| Fixed assets | 21/28 | €4,217,985 | €4,854,179 | +€636,194 | +15.1% |
| Intangible fixed assets | 21 | €3,005,945 | €2,688,711 | -€317,234 | -10.6% |
| Tangible fixed assets | 22/27 | €1,166,921 | €2,120,349 | +€953,428 | +81.7% |
| Plant, machinery and equipment | 23 | €830,572 | €638,890 | -€191,682 | -23.1% |
| Furniture and vehicles | 24 | €82,354 | €52,696 | -€29,657 | -36.0% |
| Leasing and similar rights | 25 | - | €1,259,882 | +€1.3m | |
| Other tangible fixed assets | 26 | €253,996 | €168,880 | -€85,116 | -33.5% |
| Financial fixed assets | 28 | €45,119 | €45,119 | = | 0.0% |
| Other financial fixed assets | 284/8 | €45,119 | €45,119 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €45,119 | €45,119 | = | 0.0% |
| Current assets | 29/58 | €23,707,904 | €19,217,778 | -€4.5m | -18.9% |
| Stocks and contracts in progress | 3 | €10,027,098 | €9,083,226 | -€943,872 | -9.4% |
| Stocks | 30/36 | €10,027,098 | €9,083,226 | -€943,872 | -9.4% |
| Raw materials and consumables | 30/31 | €4,739,070 | €4,198,673 | -€540,397 | -11.4% |
| Work in progress | 32 | €3,457,696 | €3,605,986 | +€148,291 | +4.3% |
| Finished goods | 33 | €1,393,334 | €747,611 | -€645,722 | -46.3% |
| Goods purchased for resale | 34 | €436,999 | €530,956 | +€93,957 | +21.5% |
| Amounts receivable within one year | 40/41 | €13,203,664 | €9,695,151 | -€3.5m | -26.6% |
| Trade receivables | 40 | €11,416,802 | €9,053,062 | -€2.4m | -20.7% |
| Other amounts receivable | 41 | €1,786,861 | €642,089 | -€1.1m | -64.1% |
| Cash at bank and in hand | 54/58 | €394,010 | €361,774 | -€32,236 | -8.2% |
| Deferred charges and accrued income | 490/1 | €83,132 | €77,627 | -€5,505 | -6.6% |
| Total equity and liabilities | 10/49 | €27,925,889 | €24,071,957 | -€3.9m | -13.8% |
| Equity | 10/15 | €17,839,125 | €17,862,078 | +€22,954 | +0.1% |
| Contributions | 10/11 | €332,806 | €332,806 | = | 0.0% |
| Capital | 10 | €332,806 | €332,806 | = | 0.0% |
| Issued capital | 100 | €332,806 | €332,806 | = | 0.0% |
| Reserves | 13 | €17,506,319 | €17,529,272 | +€22,954 | +0.1% |
| Non-distributable reserves | 130/1 | €33,281 | €33,281 | = | 0.0% |
| Legal reserve | 130 | €33,281 | €33,281 | = | 0.0% |
| Tax-exempt reserves | 132 | €842,000 | €842,000 | = | 0.0% |
| Distributable reserves | 133 | €16,631,038 | €16,653,992 | +€22,954 | +0.1% |
| Provisions and deferred taxes | 16 | €117,010 | €68,505 | -€48,505 | -41.5% |
| Provisions for liabilities and charges | 160/5 | €117,010 | €68,505 | -€48,505 | -41.5% |
| Other liabilities and charges | 164/5 | €117,010 | €68,505 | -€48,505 | -41.5% |
| Amounts payable | 17/49 | €9,969,754 | €6,141,373 | -€3.8m | -38.4% |
| Amounts payable after more than one year | 17 | €54,254 | €1,115,091 | +€1.1m | +1955.3% |
| Financial debts | 170/4 | €54,254 | €1,115,091 | +€1.1m | +1955.3% |
| Leasing and similar obligations | 172 | - | €1,090,217 | +€1.1m | |
| Credit institutions | 173 | €54,254 | €24,874 | -€29,379 | -54.2% |
| Amounts payable within one year | 42/48 | €9,162,272 | €4,749,340 | -€4.4m | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €28,875 | €191,193 | +€162,318 | +562.1% |
| Trade debts | 44 | €5,172,284 | €2,266,013 | -€2.9m | -56.2% |
| Suppliers | 440/4 | €5,172,284 | €2,266,013 | -€2.9m | -56.2% |
| Advances received on contracts in progress | 46 | €34,351 | - | -€34,351 | |
| Taxes, remuneration and social security | 45 | €419,588 | €465,395 | +€45,807 | +10.9% |
| Taxes | 450/3 | - | €16,809 | +€16,809 | |
| Remuneration and social security | 454/9 | €419,588 | €448,586 | +€28,998 | +6.9% |
| Other amounts payable | 47/48 | €3,507,174 | €1,826,739 | -€1.7m | -47.9% |
| Accrued charges and deferred income | 492/3 | €753,229 | €276,942 | -€476,287 | -63.2% |
| Operating income | 70/76A | €33,077,282 | €21,673,148 | -€11.4m | -34.5% |
| Turnover | 70 | €30,540,190 | €21,367,024 | -€9.2m | -30.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,942,224 | -€514,550 | -€2.5m | |
| Other operating income | 74 | €585,942 | €820,675 | +€234,733 | +40.1% |
| Non-recurring operating income | 76A | €8,925 | - | -€8,925 | |
| Operating charges | 60/66A | €28,982,363 | €20,921,859 | -€8.1m | -27.8% |
| Goods for resale, raw materials and consumables | 60 | €18,648,893 | €10,857,761 | -€7.8m | -41.8% |
| Purchases | 600/8 | €18,868,777 | €10,463,230 | -€8.4m | -44.5% |
| Change in stocks: decrease (increase) | 609 | -€219,884 | €394,531 | +€614,415 | |
| Services and other goods | 61 | €5,169,735 | €4,574,517 | -€595,218 | -11.5% |
| Remuneration, social security and pensions | 62 | €4,896,704 | €4,874,389 | -€22,315 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,409 | €581,204 | +€251,795 | +76.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€70,574 | -€48,505 | +€22,069 | +31.3% |
| Other operating charges | 640/8 | €8,195 | €18,784 | +€10,589 | +129.2% |
| Non-recurring operating charges | 66A | - | €63,710 | +€63,710 | |
| Operating profit (loss) | 9901 | €4,094,919 | €751,289 | -€3.3m | -81.7% |
| Financial income | 75/76B | €489,872 | €284,505 | -€205,368 | -41.9% |
| Recurring financial income | 75 | €489,872 | €284,505 | -€205,368 | -41.9% |
| Income from current assets | 751 | €239,104 | €160,598 | -€78,506 | -32.8% |
| Other financial income | 752/9 | €250,768 | €123,907 | -€126,862 | -50.6% |
| Financial charges | 65/66B | €414,948 | €942,415 | +€527,467 | +127.1% |
| Recurring financial charges | 65 | €414,948 | €942,415 | +€527,467 | +127.1% |
| Debt charges | 650 | €28,224 | €134,651 | +€106,427 | +377.1% |
| Other financial charges | 652/9 | €386,724 | €807,764 | +€421,040 | +108.9% |
| Profit (loss) for the period before taxes | 9903 | €4,169,843 | €93,378 | -€4.1m | -97.8% |
| Income taxes | 67/77 | €847,089 | €22,594 | -€824,494 | -97.3% |
| Taxes | 670/3 | €847,089 | €22,594 | -€824,494 | -97.3% |
| Profit (loss) for the period | 9904 | €3,322,754 | €70,784 | -€3.3m | -97.9% |
| Transfer to tax-exempt reserves | 689 | €842,000 | - | -€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,480,754 | €70,784 | -€2.4m | -97.1% |
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 11 October 2026 via checked.be.