ELAZ: 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.
ELAZ
Largest movements
- Receivables within one year +€28,306
up €28,306 (+1827.9%), from €1,549 to €29,855
of which Trade receivables: +€29,306
- Tangible fixed assets +€12,877
new in 2025: €12,877
- Cash +€8,536
up €8,536 (+2141.2%), from €399 to €8,934
mainly Net result for the year (+€48,006) and Other debts (+€20,088)
- Profit (loss) carried forward +€46,140
up €46,140 (+99.4%), from -€46,419 to -€278
- Other debts +€20,088
up €20,088 (+144.4%), from €13,914 to €34,002
- Contributions -€18,592
no longer reported in 2025 (was €18,592)
- Tax, wage and social debts +€6,472
up €6,472 (+84.6%), from €7,655 to €14,127
of which Taxes: +€4,265
- Trade debts -€4,091
down €4,091 (-62.4%), from €6,555 to €2,464
- Turnover +€140,086
up €140,086 (+6046.6%), from €2,317 to €142,403
- Gross operating margin +€87,500
up €87,500, from -€3,812 to €83,688
- Purchases and services +€53,586
up €53,586 (+874.4%), from €6,128 to €59,715
- Staff costs +€26,591
up €26,591 (+758.6%), from €3,505 to €30,096
- Depreciation +€3,198
new in 2025: €3,198
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 | €2,155 | €52,174 | +€50,019 | +2320.6% |
| Fixed assets | 21/28 | €208 | €13,385 | +€13,177 | +6328.2% |
| Tangible fixed assets | 22/27 | - | €12,877 | +€12,877 | |
| Furniture and vehicles | 24 | - | €12,877 | +€12,877 | |
| Financial fixed assets | 28 | €208 | €508 | +€300 | +144.1% |
| Current assets | 29/58 | €1,947 | €38,789 | +€36,842 | +1892.0% |
| Amounts receivable within one year | 40/41 | €1,549 | €29,855 | +€28,306 | +1827.9% |
| Trade receivables | 40 | - | €29,306 | +€29,306 | |
| Other amounts receivable | 41 | €1,549 | €548 | -€1,000 | -64.6% |
| Cash at bank and in hand | 54/58 | €399 | €8,934 | +€8,536 | +2141.2% |
| Total equity and liabilities | 10/49 | €2,155 | €52,174 | +€50,019 | +2320.6% |
| Equity | 10/15 | -€25,968 | €1,581 | +€27,548 | |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,419 | -€278 | +€46,140 | +99.4% |
| Amounts payable | 17/49 | €28,123 | €50,594 | +€22,470 | +79.9% |
| Amounts payable within one year | 42/48 | €28,123 | €50,594 | +€22,470 | +79.9% |
| Trade debts | 44 | €6,555 | €2,464 | -€4,091 | -62.4% |
| Suppliers | 440/4 | €6,555 | €2,464 | -€4,091 | -62.4% |
| Taxes, remuneration and social security | 45 | €7,655 | €14,127 | +€6,472 | +84.6% |
| Taxes | 450/3 | €304 | €4,568 | +€4,265 | +1404.6% |
| Remuneration and social security | 454/9 | €7,351 | €9,559 | +€2,208 | +30.0% |
| Other amounts payable | 47/48 | €13,914 | €34,002 | +€20,088 | +144.4% |
| Turnover | 70 | €2,317 | €142,403 | +€140,086 | +6046.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,128 | €59,715 | +€53,586 | +874.4% |
| Remuneration, social security and pensions | 62 | €3,505 | €30,096 | +€26,591 | +758.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,198 | +€3,198 | |
| Other operating charges | 640/8 | €387 | €2,216 | +€1,828 | +472.0% |
| Gross operating margin | 9900 | -€3,812 | €83,688 | +€87,500 | |
| Operating profit (loss) | 9901 | -€7,704 | €48,178 | +€55,883 | |
| Financial charges | 65/66B | €56 | €148 | +€92 | +162.3% |
| Recurring financial charges | 65 | €56 | €148 | +€92 | +162.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,761 | €48,030 | +€55,791 | |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | -€7,761 | €48,006 | +€55,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,761 | €48,006 | +€55,766 |
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.