ELCAR: 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.
ELCAR
Largest movements
- Intangible fixed assets -€1,853
down €1,853 (-33.3%), from €5,558 to €3,706
- Receivables within one year +€963
up €963 (+89.6%), from €1,075 to €2,039
of which Trade receivables: +€1,528
- Deferred charges and accrued income -€168
no longer reported in 2025 (was €168)
- Cash -€99
down €99 (-71.7%), from €139 to €39
mainly Other debts (-€3,742) and Receivables within one year (-€963)
- Other debts -€3,742
down €3,742 (-6.2%), from €60,705 to €56,964
- Trade debts +€3,261
up €3,261 (+4,456%), from €73 to €3,334
- Tax, wage and social debts -€954
no longer reported in 2025 (was €954)
- Profit (loss) carried forward +€268
up €268 (+0.3%), from -€81,752 to -€81,485
- Gross operating margin -€17,056
down €17,056 (-85.2%), from €20,014 to €2,958
- Staff costs -€15,037
no longer reported in 2025 (was €15,037)
- Other operating charges -€1,866
down €1,866 (-74.6%), from €2,500 to €635
- Financial charges -€532
down €532 (-72.3%), from €736 to €204
- Financial income -€229
down €229 (-99.7%), from €229 to €1
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 | €6,940 | €5,784 | -€1,156 | -16.7% |
| Fixed assets | 21/28 | €5,558 | €3,706 | -€1,853 | -33.3% |
| Intangible fixed assets | 21 | €5,558 | €3,706 | -€1,853 | -33.3% |
| Current assets | 29/58 | €1,382 | €2,078 | +€696 | +50.4% |
| Amounts receivable within one year | 40/41 | €1,075 | €2,039 | +€963 | +89.6% |
| Trade receivables | 40 | €472 | €2,000 | +€1,528 | +324% |
| Other amounts receivable | 41 | €604 | €39 | -€565 | -93.6% |
| Cash at bank and in hand | 54/58 | €139 | €39 | -€99 | -71.7% |
| Deferred charges and accrued income | 490/1 | €168 | - | -€168 | |
| Total equity and liabilities | 10/49 | €6,940 | €5,784 | -€1,156 | -16.7% |
| Equity | 10/15 | -€54,792 | -€54,525 | +€268 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,360 | €8,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,752 | -€81,485 | +€268 | +0.3% |
| Amounts payable | 17/49 | €61,732 | €60,308 | -€1,424 | -2.3% |
| Amounts payable within one year | 42/48 | €61,732 | €60,308 | -€1,424 | -2.3% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €73 | €3,334 | +€3,261 | +4,456% |
| Suppliers | 440/4 | €73 | €3,334 | +€3,261 | +4,456% |
| Taxes, remuneration and social security | 45 | €954 | - | -€954 | |
| Remuneration and social security | 454/9 | €954 | - | -€954 | |
| Other amounts payable | 47/48 | €60,705 | €56,964 | -€3,742 | -6.2% |
| Non-recurring operating income | 76A | €6,895 | €8,500 | +€1,605 | +23.3% |
| Remuneration, social security and pensions | 62 | €15,037 | - | -€15,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,884 | €1,853 | -€31 | -1.6% |
| Other operating charges | 640/8 | €2,500 | €635 | -€1,866 | -74.6% |
| Gross operating margin | 9900 | €20,014 | €2,958 | -€17,056 | -85.2% |
| Operating profit (loss) | 9901 | €593 | €471 | -€122 | -20.5% |
| Financial income | 75/76B | €229 | €1 | -€229 | -99.7% |
| Recurring financial income | 75 | €229 | €1 | -€229 | -99.7% |
| Financial charges | 65/66B | €736 | €204 | -€532 | -72.3% |
| Recurring financial charges | 65 | €736 | €204 | -€532 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €86 | €268 | +€181 | +210% |
| Profit (loss) for the period | 9904 | €86 | €268 | +€181 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €86 | €268 | +€181 | +210% |
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 25 October 2026 via checked.be.