ELBOS: what changed
Two fiscal 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.
ELBOS
Largest movements
- Receivables within one year -€15,000
down €15,000 (-22.2%), from €67,437 to €52,437
of which Other amounts receivable: -€15,000
- Cash +€6,551
up €6,551 (+238.8%), from €2,743 to €9,294
mainly Receivables within one year (+€15,000) and Net result for the year (+€4,765)
- Tangible fixed assets -€2,068
down €2,068 (-4.0%), from €52,039 to €49,972
of which Plant, machinery and equipment: -€2,068
- Reserves -€10,000
down €10,000 (-9.8%), from €101,805 to €91,805
of which Distributable reserves: -€10,000
- Purchases and services -€1,211
down €1,211 (-68.0%), from €1,780 to €569
- Depreciation +€553
up €553 (+20.9%), from €2,645 to €3,198
- Gross operating margin -€389
down €389 (-3.5%), from €11,220 to €10,831
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 | €122,232 | €111,715 | -€10,517 | -8.6% |
| Fixed assets | 21/28 | €52,052 | €49,984 | -€2,068 | -4.0% |
| Tangible fixed assets | 22/27 | €52,039 | €49,972 | -€2,068 | -4.0% |
| Land and buildings | 22 | €35,000 | €35,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,039 | €14,972 | -€2,068 | -12.1% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €70,181 | €61,731 | -€8,449 | -12.0% |
| Amounts receivable within one year | 40/41 | €67,437 | €52,437 | -€15,000 | -22.2% |
| Trade receivables | 40 | €35,304 | €35,304 | = | 0.0% |
| Other amounts receivable | 41 | €32,133 | €17,133 | -€15,000 | -46.7% |
| Cash at bank and in hand | 54/58 | €2,743 | €9,294 | +€6,551 | +238.8% |
| Total equity and liabilities | 10/49 | €122,232 | €111,715 | -€10,517 | -8.6% |
| Equity | 10/15 | €121,117 | €110,882 | -€10,235 | -8.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €101,805 | €91,805 | -€10,000 | -9.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,188 | €24,188 | = | 0.0% |
| Distributable reserves | 133 | €75,758 | €65,758 | -€10,000 | -13.2% |
| Profit (loss) carried forward | 14 | €720 | €485 | -€235 | -32.7% |
| Amounts payable | 17/49 | €1,115 | €833 | -€282 | -25.3% |
| Amounts payable within one year | 42/48 | €1,115 | €833 | -€282 | -25.3% |
| Trade debts | 44 | €275 | €248 | -€27 | -9.8% |
| Suppliers | 440/4 | €275 | €248 | -€27 | -9.8% |
| Taxes, remuneration and social security | 45 | €840 | €585 | -€255 | -30.4% |
| Taxes | 450/3 | €840 | €585 | -€255 | -30.4% |
| Non-recurring operating income | 76A | €0 | €0 | -€0 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,780 | €569 | -€1,211 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,645 | €3,198 | +€553 | +20.9% |
| Other operating charges | 640/8 | €2,745 | €2,826 | +€80 | +2.9% |
| Non-recurring operating charges | 66A | €13 | €0 | -€13 | -100.0% |
| Gross operating margin | 9900 | €11,220 | €10,831 | -€389 | -3.5% |
| Operating profit (loss) | 9901 | €5,817 | €4,808 | -€1,009 | -17.4% |
| Financial charges | 65/66B | €97 | €43 | -€54 | -55.9% |
| Recurring financial charges | 65 | €97 | €43 | -€54 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €5,720 | €4,765 | -€955 | -16.7% |
| Profit (loss) for the period | 9904 | €5,720 | €4,765 | -€955 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,720 | €4,765 | -€955 | -16.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.