ELBICON INDUSTRIES: 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
ELBICON INDUSTRIES
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9,212
2024 · -€12,233+€3,021
Equity
€1.7m
2024 · €1.7m-€9,212
Cash
€56,531
2024 · €390,717-€334,186
Balance sheet total
€9.2m
2024 · €10.9m-€1.7m
Largest movements
Assets
- Stocks and contracts -€2.4m
no longer reported in 2025 (was €2.4m)
- Tangible fixed assets +€1.2m
up €1.2m (+45.2%), from €2.7m to €4.0m
of which Land and buildings: +€1.0m
- Cash -€334,186
down €334,186 (-85.5%), from €390,717 to €56,531
mainly Short-term financial debts (-€2.0m) and Investment in fixed assets (net) (-€1.5m)
- Receivables within one year -€223,901
down €223,901 (-13.8%), from €1.6m to €1.4m
of which Trade receivables: -€146,866
Equity and liabilities
- Short-term financial debts -€2.0m
no longer reported in 2025 (was €2.0m)
- Other debts +€1.6m
up €1.6m (+36.3%), from €4.3m to €5.9m
- Trade debts -€474,206
down €474,206 (-84.9%), from €558,721 to €84,515
- Debts after one year -€428,549
down €428,549 (-26.4%), from €1.6m to €1.2m
- Tax, wage and social debts -€243,394
no longer reported in 2025 (was €243,394)
Income statement
- Turnover -€238,098
down €238,098 (-3.2%), from €7.4m to €7.2m
- Services and other goods +€136,818
up €136,818 (+26.0%), from €525,224 to €662,042
- Other operating income +€122,157
up €122,157 (+17.8%), from €687,859 to €810,016
- Financial charges -€99,495
down €99,495 (-77.8%), from €127,822 to €28,327
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
-€12,233
Turnover
-€238,098
Other operating income
+€122,157
Goods and materials
+€57,074
Services and other goods
-€136,818
Depreciation
-€37,365
Other operating charges
+€32,723
Other operating items
+€34,077
Financial charges
+€99,495
Taxes
+€69,776
Result 2025
-€9,212
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.6m
Investment
-€1.5m
Financing
-€2.4m
Cash 2024
€390,717
From operations (derived)
+€3.6m
Net result for the year
-€9,212
Depreciation
+€257,624
Stocks and contracts
+€2.4m
Receivables within one year
+€223,901
Trade debts
-€474,206
Tax, wage and social debts
-€243,394
Advances received
-€91,200
Other debts
+€1.6m
Accrued charges and deferred income
-€750
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€2.4m
Debts after one year
-€428,549
Current portion of long-term debt
-€8,681
Short-term financial debts
-€2.0m
Cash 2025
€56,531
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,940,668 | €9,246,428 | -€1.7m | -15.5% |
| Fixed assets | 21/28 | €6,274,967 | €7,517,696 | +€1.2m | +19.8% |
| Tangible fixed assets | 22/27 | €2,748,133 | €3,990,862 | +€1.2m | +45.2% |
| Land and buildings | 22 | €2,716,152 | €3,763,086 | +€1.0m | +38.5% |
| Plant, machinery and equipment | 23 | €31,981 | €24,569 | -€7,412 | -23.2% |
| Furniture and vehicles | 24 | - | €203,207 | +€203,207 | |
| Financial fixed assets | 28 | €3,526,834 | €3,526,834 | = | 0.0% |
| Affiliated companies | 280/1 | €3,526,834 | €3,526,834 | = | 0.0% |
| Participating interests | 280 | €3,526,834 | €3,526,834 | = | 0.0% |
| Current assets | 29/58 | €4,665,701 | €1,728,732 | -€2.9m | -62.9% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,378,881 | - | -€2.4m | |
| Stocks | 30/36 | €2,378,881 | - | -€2.4m | |
| Goods purchased for resale | 34 | €2,378,881 | - | -€2.4m | |
| Amounts receivable within one year | 40/41 | €1,621,103 | €1,397,201 | -€223,901 | -13.8% |
| Trade receivables | 40 | €146,866 | - | -€146,866 | |
| Other amounts receivable | 41 | €1,474,237 | €1,397,201 | -€77,035 | -5.2% |
| Cash at bank and in hand | 54/58 | €390,717 | €56,531 | -€334,186 | -85.5% |
| Deferred charges and accrued income | 490/1 | €25,000 | €25,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €10,940,668 | €9,246,428 | -€1.7m | -15.5% |
| Equity | 10/15 | €1,678,223 | €1,669,011 | -€9,212 | -0.5% |
| Contributions | 10/11 | €847,500 | €847,500 | = | 0.0% |
| Capital | 10 | €847,500 | €847,500 | = | 0.0% |
| Issued capital | 100 | €847,500 | €847,500 | = | 0.0% |
| Reserves | 13 | €84,750 | €84,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €84,750 | €84,750 | = | 0.0% |
| Legal reserve | 130 | €84,750 | €84,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €745,973 | €736,761 | -€9,212 | -1.2% |
| Amounts payable | 17/49 | €9,262,445 | €7,577,417 | -€1.7m | -18.2% |
| Amounts payable after more than one year | 17 | €1,624,544 | €1,195,995 | -€428,549 | -26.4% |
| Financial debts | 170/4 | €1,624,544 | €1,195,995 | -€428,549 | -26.4% |
| Credit institutions | 173 | €1,624,544 | €1,195,995 | -€428,549 | -26.4% |
| Amounts payable within one year | 42/48 | €7,637,151 | €6,381,422 | -€1.3m | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €437,231 | €428,549 | -€8,681 | -2.0% |
| Financial debts | 43 | €2,000,000 | - | -€2.0m | |
| Credit institutions | 430/8 | €2,000,000 | - | -€2.0m | |
| Trade debts | 44 | €558,721 | €84,515 | -€474,206 | -84.9% |
| Suppliers | 440/4 | €558,721 | €84,515 | -€474,206 | -84.9% |
| Advances received on contracts in progress | 46 | €91,200 | - | -€91,200 | |
| Taxes, remuneration and social security | 45 | €243,394 | - | -€243,394 | |
| Taxes | 450/3 | €243,394 | - | -€243,394 | |
| Other amounts payable | 47/48 | €4,306,605 | €5,868,358 | +€1.6m | +36.3% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Operating income | 70/76A | €8,114,393 | €7,998,452 | -€115,941 | -1.4% |
| Turnover | 70 | €7,426,535 | €7,188,437 | -€238,098 | -3.2% |
| Other operating income | 74 | €687,859 | €810,016 | +€122,157 | +17.8% |
| Operating charges | 60/66A | €7,929,028 | €7,979,337 | +€50,309 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €6,910,333 | €6,853,258 | -€57,074 | -0.8% |
| Purchases | 600/8 | €7,443,239 | €4,474,377 | -€3.0m | -39.9% |
| Change in stocks: decrease (increase) | 609 | -€532,907 | €2,378,881 | +€2.9m | |
| Services and other goods | 61 | €525,224 | €662,042 | +€136,818 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,259 | €257,624 | +€37,365 | +17.0% |
| Other operating charges | 640/8 | €239,136 | €206,413 | -€32,723 | -13.7% |
| Non-recurring operating charges | 66A | €34,077 | - | -€34,077 | |
| Operating profit (loss) | 9901 | €185,365 | €19,115 | -€166,250 | -89.7% |
| Financial charges | 65/66B | €127,822 | €28,327 | -€99,495 | -77.8% |
| Recurring financial charges | 65 | €127,822 | €28,327 | -€99,495 | -77.8% |
| Debt charges | 650 | €125,049 | €25,728 | -€99,321 | -79.4% |
| Other financial charges | 652/9 | €2,773 | €2,599 | -€174 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €57,543 | -€9,212 | -€66,755 | |
| Income taxes | 67/77 | €69,776 | - | -€69,776 | |
| Taxes | 670/3 | €69,776 | - | -€69,776 | |
| Profit (loss) for the period | 9904 | -€12,233 | -€9,212 | +€3,021 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,233 | -€9,212 | +€3,021 | +24.7% |
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 13 October 2026 via checked.be.