ELCOMET: 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.
ELCOMET
Largest movements
- Cash +€114,427
up €114,427 (+49.3%), from €232,069 to €346,496
mainly Depreciation (+€122,861) and Net result for the year (+€79,528)
- Tangible fixed assets -€52,490
down €52,490 (-11.1%), from €472,084 to €419,594
of which Plant, machinery and equipment: -€37,974
- Receivables within one year -€40,414
down €40,414 (-12.5%), from €322,509 to €282,094
of which Trade receivables: -€37,199
- Debts after one year -€94,911
down €94,911 (-45.4%), from €208,922 to €114,011
- Reserves +€61,814
up €61,814 (+10.8%), from €571,042 to €632,857
- Tax, wage and social debts +€32,461
up €32,461 (+40.6%), from €80,027 to €112,488
of which Remuneration and social security: +€19,668
- Trade debts +€25,778
up €25,778 (+17.4%), from €148,406 to €174,184
- Other debts -€20,935
down €20,935 (-59.0%), from €35,495 to €14,560
- Gross operating margin +€94,584
up €94,584 (+15.5%), from €611,353 to €705,937
- Staff costs +€26,288
up €26,288 (+6.2%), from €427,280 to €453,568
- Depreciation +€23,764
up €23,764 (+24.0%), from €99,097 to €122,861
- Taxes +€19,392
up €19,392 (+110.5%), from €17,551 to €36,942
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 | €1,160,243 | €1,172,431 | +€12,189 | +1.1% |
| Fixed assets | 21/28 | €472,084 | €419,594 | -€52,490 | -11.1% |
| Tangible fixed assets | 22/27 | €472,084 | €419,594 | -€52,490 | -11.1% |
| Plant, machinery and equipment | 23 | €336,363 | €298,389 | -€37,974 | -11.3% |
| Furniture and vehicles | 24 | €107,183 | €96,945 | -€10,238 | -9.6% |
| Other tangible fixed assets | 26 | €28,538 | €24,261 | -€4,278 | -15.0% |
| Current assets | 29/58 | €688,159 | €752,837 | +€64,678 | +9.4% |
| Stocks and contracts in progress | 3 | €122,695 | €124,247 | +€1,552 | +1.3% |
| Stocks | 30/36 | €43,095 | €46,892 | +€3,797 | +8.8% |
| Contracts in progress | 37 | €79,600 | €77,355 | -€2,245 | -2.8% |
| Amounts receivable within one year | 40/41 | €322,509 | €282,094 | -€40,414 | -12.5% |
| Trade receivables | 40 | €254,007 | €216,807 | -€37,199 | -14.6% |
| Other amounts receivable | 41 | €68,502 | €65,287 | -€3,215 | -4.7% |
| Cash at bank and in hand | 54/58 | €232,069 | €346,496 | +€114,427 | +49.3% |
| Deferred charges and accrued income | 490/1 | €10,886 | €0 | -€10,886 | -100.0% |
| Total equity and liabilities | 10/49 | €1,160,243 | €1,172,431 | +€12,189 | +1.1% |
| Equity | 10/15 | €589,634 | €651,449 | +€61,814 | +10.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €571,042 | €632,857 | +€61,814 | +10.8% |
| Distributable reserves | 133 | €571,042 | €632,857 | +€61,814 | +10.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €570,608 | €520,983 | -€49,626 | -8.7% |
| Amounts payable after more than one year | 17 | €208,922 | €114,011 | -€94,911 | -45.4% |
| Financial debts | 170/4 | €208,922 | €114,011 | -€94,911 | -45.4% |
| Amounts payable within one year | 42/48 | €356,679 | €396,143 | +€39,465 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €92,750 | €94,911 | +€2,160 | +2.3% |
| Trade debts | 44 | €148,406 | €174,184 | +€25,778 | +17.4% |
| Suppliers | 440/4 | €148,406 | €174,184 | +€25,778 | +17.4% |
| Taxes, remuneration and social security | 45 | €80,027 | €112,488 | +€32,461 | +40.6% |
| Taxes | 450/3 | €24,291 | €37,084 | +€12,793 | +52.7% |
| Remuneration and social security | 454/9 | €55,736 | €75,404 | +€19,668 | +35.3% |
| Other amounts payable | 47/48 | €35,495 | €14,560 | -€20,935 | -59.0% |
| Accrued charges and deferred income | 492/3 | €5,008 | €10,829 | +€5,821 | +116.2% |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €427,280 | €453,568 | +€26,288 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,097 | €122,861 | +€23,764 | +24.0% |
| Other operating charges | 640/8 | €6,803 | €5,674 | -€1,130 | -16.6% |
| Gross operating margin | 9900 | €611,353 | €705,937 | +€94,584 | +15.5% |
| Operating profit (loss) | 9901 | €78,173 | €123,835 | +€45,662 | +58.4% |
| Financial income | 75/76B | €4,247 | €2,971 | -€1,276 | -30.1% |
| Recurring financial income | 75 | €4,247 | €2,971 | -€1,276 | -30.1% |
| Financial charges | 65/66B | €9,977 | €10,335 | +€359 | +3.6% |
| Recurring financial charges | 65 | €9,977 | €10,335 | +€359 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €72,444 | €116,470 | +€44,027 | +60.8% |
| Income taxes | 67/77 | €17,551 | €36,942 | +€19,392 | +110.5% |
| Profit (loss) for the period | 9904 | €54,893 | €79,528 | +€24,635 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,893 | €79,528 | +€24,635 | +44.9% |
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 10 October 2026 via checked.be.