ELBO-TECHNICS: 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.
ELBO-TECHNICS
Largest movements
- Receivables within one year +€89,474
up €89,474 (+94.2%), from €94,951 to €184,425
of which Trade receivables: +€64,617
- Tangible fixed assets -€18,939
down €18,939 (-21.7%), from €87,386 to €68,447
of which Furniture and vehicles: -€17,824
- Stocks and contracts +€12,957
up €12,957 (+88.7%), from €14,614 to €27,571
of which Contracts in progress: +€12,000
- Cash -€8,791
down €8,791 (-26.8%), from €32,791 to €24,000
mainly Receivables within one year (-€89,474) and Stocks and contracts (-€12,957)
- Trade debts +€89,411
up €89,411 (+3,896%), from €2,295 to €91,706
- Debts after one year -€12,834
down €12,834 (-29.6%), from €43,353 to €30,519
- Profit (loss) carried forward +€10,078
up €10,078 (+7.7%), from €130,814 to €140,892
- Other debts -€8,079
down €8,079 (-57.8%), from €13,978 to €5,899
- Tax, wage and social debts -€5,143
down €5,143 (-55.0%), from €9,357 to €4,214
of which Remuneration and social security: -€3,000
- Financial charges -€29,685
down €29,685 (-74.0%), from €40,093 to €10,408
- Taxes +€12,389
up €12,389 (+129%), from €9,602 to €21,991
- Gross operating margin -€8,955
down €8,955 (-11.3%), from €79,153 to €70,198
- Depreciation +€8,425
up €8,425 (+67.3%), from €12,521 to €20,947
- Financial income +€4,099
new in 2025: €4,099
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 | €233,384 | €308,085 | +€74,701 | +32.0% |
| Fixed assets | 21/28 | €91,028 | €72,088 | -€18,939 | -20.8% |
| Tangible fixed assets | 22/27 | €87,386 | €68,447 | -€18,939 | -21.7% |
| Plant, machinery and equipment | 23 | €3,491 | €2,376 | -€1,115 | -31.9% |
| Furniture and vehicles | 24 | €83,895 | €66,071 | -€17,824 | -21.2% |
| Financial fixed assets | 28 | €3,642 | €3,642 | = | 0.0% |
| Current assets | 29/58 | €142,356 | €235,996 | +€93,640 | +65.8% |
| Stocks and contracts in progress | 3 | €14,614 | €27,571 | +€12,957 | +88.7% |
| Stocks | 30/36 | €14,614 | €15,571 | +€957 | +6.5% |
| Contracts in progress | 37 | - | €12,000 | +€12,000 | |
| Amounts receivable within one year | 40/41 | €94,951 | €184,425 | +€89,474 | +94.2% |
| Trade receivables | 40 | €72,156 | €136,773 | +€64,617 | +89.6% |
| Other amounts receivable | 41 | €22,796 | €47,652 | +€24,856 | +109% |
| Cash at bank and in hand | 54/58 | €32,791 | €24,000 | -€8,791 | -26.8% |
| Total equity and liabilities | 10/49 | €233,384 | €308,085 | +€74,701 | +32.0% |
| Equity | 10/15 | €140,234 | €150,312 | +€10,078 | +7.2% |
| Contributions | 10/11 | €7,560 | €7,560 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,814 | €140,892 | +€10,078 | +7.7% |
| Amounts payable | 17/49 | €93,150 | €157,773 | +€64,623 | +69.4% |
| Amounts payable after more than one year | 17 | €43,353 | €30,519 | -€12,834 | -29.6% |
| Financial debts | 170/4 | €43,353 | €30,519 | -€12,834 | -29.6% |
| Amounts payable within one year | 42/48 | €49,797 | €127,254 | +€77,457 | +156% |
| Current portion of amounts payable after more than one year | 42 | €11,219 | €11,719 | +€500 | +4.5% |
| Financial debts | 43 | €12,949 | €13,716 | +€767 | +5.9% |
| Credit institutions | 430/8 | €12,949 | €13,716 | +€767 | +5.9% |
| Trade debts | 44 | €2,295 | €91,706 | +€89,411 | +3,896% |
| Suppliers | 440/4 | €2,295 | €91,706 | +€89,411 | +3,896% |
| Taxes, remuneration and social security | 45 | €9,357 | €4,214 | -€5,143 | -55.0% |
| Taxes | 450/3 | €5,549 | €3,406 | -€2,143 | -38.6% |
| Remuneration and social security | 454/9 | €3,809 | €809 | -€3,000 | -78.8% |
| Other amounts payable | 47/48 | €13,978 | €5,899 | -€8,079 | -57.8% |
| Remuneration, social security and pensions | 62 | - | €3,023 | +€3,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,521 | €20,947 | +€8,425 | +67.3% |
| Other operating charges | 640/8 | €548 | €708 | +€160 | +29.2% |
| Gross operating margin | 9900 | €79,153 | €70,198 | -€8,955 | -11.3% |
| Operating profit (loss) | 9901 | €66,084 | €45,520 | -€20,564 | -31.1% |
| Financial income | 75/76B | - | €4,099 | +€4,099 | |
| Recurring financial income | 75 | - | €4,099 | +€4,099 | |
| Financial charges | 65/66B | €40,093 | €10,408 | -€29,685 | -74.0% |
| Recurring financial charges | 65 | €40,093 | €10,408 | -€29,685 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €25,991 | €39,212 | +€13,220 | +50.9% |
| Income taxes | 67/77 | €9,602 | €21,991 | +€12,389 | +129% |
| Profit (loss) for the period | 9904 | €16,390 | €17,221 | +€831 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,390 | €17,221 | +€831 | +5.1% |
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 17 October 2026 via checked.be.