ELCO: 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.
ELCO
Largest movements
- Receivables within one year +€20,627
up €20,627 (+13.8%), from €149,085 to €169,712
of which Other amounts receivable: +€15,400
- Deferred charges and accrued income +€5,399
up €5,399 (+92.0%), from €5,868 to €11,267
- Reserves +€26,136
up €26,136 (+19.0%), from €137,716 to €163,851
of which Distributable reserves: +€26,136
- Financial income +€1,119
up €1,119 (+19.1%), from €5,868 to €6,987
- Gross operating margin +€552
up €552 (+2.9%), from €19,203 to €19,755
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 | €158,399 | €184,148 | +€25,748 | +16.3% |
| Current assets | 29/58 | €158,399 | €184,148 | +€25,748 | +16.3% |
| Amounts receivable within one year | 40/41 | €149,085 | €169,712 | +€20,627 | +13.8% |
| Trade receivables | 40 | €3,485 | €8,712 | +€5,227 | +150% |
| Other amounts receivable | 41 | €145,600 | €161,000 | +€15,400 | +10.6% |
| Cash at bank and in hand | 54/58 | €3,446 | €3,169 | -€278 | -8.1% |
| Deferred charges and accrued income | 490/1 | €5,868 | €11,267 | +€5,399 | +92.0% |
| Total equity and liabilities | 10/49 | €158,399 | €184,148 | +€25,748 | +16.3% |
| Equity | 10/15 | €157,716 | €183,851 | +€26,136 | +16.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,716 | €163,851 | +€26,136 | +19.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €135,716 | €161,851 | +€26,136 | +19.3% |
| Amounts payable | 17/49 | €684 | €296 | -€387 | -56.7% |
| Amounts payable within one year | 42/48 | €684 | €296 | -€387 | -56.7% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €296 | €296 | = | 0.0% |
| Taxes | 450/3 | €296 | €296 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €19,203 | €19,755 | +€552 | +2.9% |
| Operating profit (loss) | 9901 | €18,634 | €19,170 | +€536 | +2.9% |
| Financial income | 75/76B | €5,868 | €6,987 | +€1,119 | +19.1% |
| Recurring financial income | 75 | €5,868 | €6,987 | +€1,119 | +19.1% |
| Financial charges | 65/66B | €24 | €21 | -€3 | -12.0% |
| Recurring financial charges | 65 | €24 | €21 | -€3 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €24,478 | €26,136 | +€1,658 | +6.8% |
| Profit (loss) for the period | 9904 | €24,478 | €26,136 | +€1,658 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,478 | €26,136 | +€1,658 | +6.8% |
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 14 October 2026 via checked.be.