ELBEX BENELUX: 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.
ELBEX BENELUX
Largest movements
- Cash +€53,675
up €53,675 (+313%), from €17,147 to €70,822
mainly Other debts (+€53,676) and Trade debts (+€1,500)
- Other debts +€53,676
up €53,676 (+20.7%), from €259,846 to €313,522
- Trade debts +€1,500
up €1,500 (+34.0%), from €4,408 to €5,908
- Investment grants -€824
down €824 (-10.2%), from €8,069 to €7,245
No income-statement line moved by more than 1% of the activity.
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.
Derived cash bridge
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 | €28,288 | €81,963 | +€53,675 | +190% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €28,288 | €81,963 | +€53,675 | +190% |
| Amounts receivable within one year | 40/41 | €11,141 | €11,141 | = | 0.0% |
| Other amounts receivable | 41 | €11,141 | €11,141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,147 | €70,822 | +€53,675 | +313% |
| Total equity and liabilities | 10/49 | €28,288 | €81,963 | +€53,675 | +190% |
| Equity | 10/15 | -€431,591 | -€433,092 | -€1,501 | -0.3% |
| Contributions | 10/11 | €632,128 | €632,128 | = | 0.0% |
| Capital | 10 | €632,128 | €632,128 | = | 0.0% |
| Issued capital | 100 | €632,128 | €632,128 | = | 0.0% |
| Reserves | 13 | €588,629 | €588,629 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,753 | €1,753 | = | 0.0% |
| Legal reserve | 130 | €1,753 | €1,753 | = | 0.0% |
| Tax-exempt reserves | 132 | €586,876 | €586,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,660,417 | -€1,661,094 | -€677 | 0.0% |
| Investment grants | 15 | €8,069 | €7,245 | -€824 | -10.2% |
| Provisions and deferred taxes | 16 | €195,625 | €195,625 | = | 0.0% |
| Deferred taxes | 168 | €195,625 | €195,625 | = | 0.0% |
| Amounts payable | 17/49 | €264,254 | €319,430 | +€55,176 | +20.9% |
| Amounts payable within one year | 42/48 | €264,254 | €319,430 | +€55,176 | +20.9% |
| Trade debts | 44 | €4,408 | €5,908 | +€1,500 | +34.0% |
| Suppliers | 440/4 | €4,408 | €5,908 | +€1,500 | +34.0% |
| Other amounts payable | 47/48 | €259,846 | €313,522 | +€53,676 | +20.7% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€1,500 | -€1,500 | = | 0.0% |
| Operating profit (loss) | 9901 | -€1,500 | -€1,500 | = | 0.0% |
| Financial income | 75/76B | €824 | €823 | -€1 | -0.1% |
| Recurring financial income | 75 | €824 | €823 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€676 | -€677 | -€1 | -0.1% |
| Profit (loss) for the period | 9904 | -€676 | -€677 | -€1 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€676 | -€677 | -€1 | -0.1% |
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 20 October 2026 via checked.be.