ELCABEL: 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.
ELCABEL
Largest movements
- Tangible fixed assets -€41,232
down €41,232 (-5.8%), from €707,679 to €666,447
- Cash +€18,235
up €18,235 (+67.5%), from €27,035 to €45,270
mainly Depreciation (+€41,232) and Trade debts (+€4,255)
- Profit (loss) carried forward -€27,259
down €27,259 (-38.4%), from €70,897 to €43,639
- Gross operating margin -€11,042
down €11,042 (-27.3%), from €40,376 to €29,334
- Depreciation +€1,163
up €1,163 (+2.9%), from €40,069 to €41,232
- Other operating charges +€943
up €943 (+6.8%), from €13,820 to €14,763
- Financial charges +€815
up €815 (+2395.7%), from €34 to €849
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 | €750,414 | €727,410 | -€23,003 | -3.1% |
| Fixed assets | 21/28 | €707,679 | €666,447 | -€41,232 | -5.8% |
| Tangible fixed assets | 22/27 | €707,679 | €666,447 | -€41,232 | -5.8% |
| Land and buildings | 22 | €707,679 | €666,447 | -€41,232 | -5.8% |
| Current assets | 29/58 | €42,735 | €60,963 | +€18,229 | +42.7% |
| Amounts receivable within one year | 40/41 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 41 | €2,000 | €2,000 | = | 0.0% |
| Current investments | 50/53 | €10,966 | €11,012 | +€46 | +0.4% |
| Cash at bank and in hand | 54/58 | €27,035 | €45,270 | +€18,235 | +67.5% |
| Deferred charges and accrued income | 490/1 | €2,733 | €2,681 | -€53 | -1.9% |
| Total equity and liabilities | 10/49 | €750,414 | €727,410 | -€23,003 | -3.1% |
| Equity | 10/15 | €697,467 | €670,208 | -€27,259 | -3.9% |
| Contributions | 10/11 | €257,927 | €257,927 | = | 0.0% |
| Reserves | 13 | €368,643 | €368,643 | = | 0.0% |
| Distributable reserves | 133 | €368,643 | €368,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,897 | €43,639 | -€27,259 | -38.4% |
| Amounts payable | 17/49 | €52,947 | €57,202 | +€4,255 | +8.0% |
| Amounts payable within one year | 42/48 | €52,947 | €57,202 | +€4,255 | +8.0% |
| Trade debts | 44 | €8,804 | €13,059 | +€4,255 | +48.3% |
| Suppliers | 440/4 | €8,804 | €13,059 | +€4,255 | +48.3% |
| Other amounts payable | 47/48 | €44,143 | €44,143 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,069 | €41,232 | +€1,163 | +2.9% |
| Other operating charges | 640/8 | €13,820 | €14,763 | +€943 | +6.8% |
| Gross operating margin | 9900 | €40,376 | €29,334 | -€11,042 | -27.3% |
| Operating profit (loss) | 9901 | -€13,513 | -€26,661 | -€13,148 | -97.3% |
| Financial income | 75/76B | €96 | €245 | +€149 | +155.1% |
| Recurring financial income | 75 | €96 | €245 | +€149 | +155.1% |
| Financial charges | 65/66B | €34 | €849 | +€815 | +2395.7% |
| Recurring financial charges | 65 | €34 | €849 | +€815 | +2395.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,451 | -€27,265 | -€13,814 | -102.7% |
| Income taxes | 67/77 | €26 | -€7 | -€33 | |
| Profit (loss) for the period | 9904 | -€13,477 | -€27,259 | -€13,781 | -102.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,477 | -€27,259 | -€13,781 | -102.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.