Elce: 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.
Elce
Largest movements
- Cash +€12,234
up €12,234 (+57.1%), from €21,442 to €33,677
mainly Net result for the year (+€18,365) and Tax, wage and social debts (+€12,651)
- Receivables within one year +€6,272
new in 2025: €6,272
- Tangible fixed assets -€1,707
down €1,707 (-25.7%), from €6,635 to €4,929
- Deferred charges and accrued income +€1,224
new in 2025: €1,224
- Other debts -€19,156
no longer reported in 2025 (was €19,156)
- Reserves +€16,411
new in 2025: €16,411
- Tax, wage and social debts +€12,651
up €12,651 (+367.3%), from €3,444 to €16,095
of which Taxes: +€11,284
- Accrued charges and deferred income +€7,200
up €7,200 (+80.9%), from €8,900 to €16,100
- Profit (loss) carried forward +€1,954
no longer reported in 2025 (was -€1,954)
- Gross operating margin +€28,823
up €28,823 (+109.0%), from €26,445 to €55,268
- Taxes +€9,302
up €9,302 (+3928.9%), from €237 to €9,539
- Other operating charges +€1,544
up €1,544 (+147.1%), from €1,049 to €2,593
- Staff costs +€934
up €934 (+4.4%), from €21,012 to €21,945
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 | €33,078 | €51,101 | +€18,023 | +54.5% |
| Fixed assets | 21/28 | €6,635 | €4,929 | -€1,707 | -25.7% |
| Tangible fixed assets | 22/27 | €6,635 | €4,929 | -€1,707 | -25.7% |
| Plant, machinery and equipment | 23 | €6,635 | €4,929 | -€1,707 | -25.7% |
| Current assets | 29/58 | €26,442 | €46,173 | +€19,730 | +74.6% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €6,272 | +€6,272 | |
| Other amounts receivable | 41 | - | €6,272 | +€6,272 | |
| Cash at bank and in hand | 54/58 | €21,442 | €33,677 | +€12,234 | +57.1% |
| Deferred charges and accrued income | 490/1 | - | €1,224 | +€1,224 | |
| Total equity and liabilities | 10/49 | €33,078 | €51,101 | +€18,023 | +54.5% |
| Equity | 10/15 | -€954 | €17,411 | +€18,365 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €16,411 | +€16,411 | |
| Distributable reserves | 133 | - | €16,411 | +€16,411 | |
| Profit (loss) carried forward | 14 | -€1,954 | - | +€1,954 | |
| Amounts payable | 17/49 | €34,032 | €33,691 | -€341 | -1.0% |
| Amounts payable within one year | 42/48 | €25,132 | €17,591 | -€7,541 | -30.0% |
| Trade debts | 44 | €2,532 | €1,496 | -€1,036 | -40.9% |
| Suppliers | 440/4 | €2,532 | €1,496 | -€1,036 | -40.9% |
| Taxes, remuneration and social security | 45 | €3,444 | €16,095 | +€12,651 | +367.3% |
| Taxes | 450/3 | €2,751 | €14,036 | +€11,284 | +410.1% |
| Remuneration and social security | 454/9 | €693 | €2,059 | +€1,366 | +197.3% |
| Other amounts payable | 47/48 | €19,156 | - | -€19,156 | |
| Accrued charges and deferred income | 492/3 | €8,900 | €16,100 | +€7,200 | +80.9% |
| Remuneration, social security and pensions | 62 | €21,012 | €21,945 | +€934 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,707 | €1,707 | = | 0.0% |
| Other operating charges | 640/8 | €1,049 | €2,593 | +€1,544 | +147.1% |
| Gross operating margin | 9900 | €26,445 | €55,268 | +€28,823 | +109.0% |
| Operating profit (loss) | 9901 | €2,677 | €29,023 | +€26,346 | +984.2% |
| Financial income | 75/76B | €5 | €35 | +€30 | +661.9% |
| Recurring financial income | 75 | €5 | €35 | +€30 | +661.9% |
| Financial charges | 65/66B | €1,623 | €1,154 | -€468 | -28.9% |
| Recurring financial charges | 65 | €1,623 | €1,154 | -€468 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €1,059 | €27,904 | +€26,845 | +2535.4% |
| Income taxes | 67/77 | €237 | €9,539 | +€9,302 | +3928.9% |
| Profit (loss) for the period | 9904 | €822 | €18,365 | +€17,543 | +2134.0% |
| Profit (loss) for the period to be appropriated | 9905 | €822 | €18,365 | +€17,543 | +2134.0% |
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 30 September 2026 via checked.be.