ELCOSUM: 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.
ELCOSUM
Largest movements
- Cash +€68,764
up €68,764 (+86.7%), from €79,351 to €148,114
mainly Net result for the year (+€50,855) and Receivables within one year (+€15,793)
- Receivables within one year -€15,793
down €15,793 (-99.2%), from €15,927 to €134
of which Trade receivables: -€15,927
- Profit (loss) carried forward +€50,855
up €50,855 (+79.5%), from €63,972 to €114,827
- Tax, wage and social debts +€6,134
up €6,134 (+45.2%), from €13,563 to €19,697
- Other debts -€4,003
down €4,003 (-42.7%), from €9,377 to €5,374
- Gross operating margin -€16,698
down €16,698 (-20.7%), from €80,776 to €64,078
- Taxes -€3,208
down €3,208 (-20.1%), from €15,993 to €12,785
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 | €95,278 | €148,248 | +€52,971 | +55.6% |
| Current assets | 29/58 | €95,278 | €148,248 | +€52,971 | +55.6% |
| Amounts receivable within one year | 40/41 | €15,927 | €134 | -€15,793 | -99.2% |
| Trade receivables | 40 | €15,927 | - | -€15,927 | |
| Other amounts receivable | 41 | - | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €79,351 | €148,114 | +€68,764 | +86.7% |
| Total equity and liabilities | 10/49 | €95,278 | €148,248 | +€52,971 | +55.6% |
| Equity | 10/15 | €68,972 | €119,827 | +€50,855 | +73.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,972 | €114,827 | +€50,855 | +79.5% |
| Amounts payable | 17/49 | €26,305 | €28,421 | +€2,116 | +8.0% |
| Amounts payable within one year | 42/48 | €26,305 | €28,421 | +€2,116 | +8.0% |
| Trade debts | 44 | €3,365 | €3,350 | -€15 | -0.5% |
| Suppliers | 440/4 | €3,365 | €3,350 | -€15 | -0.5% |
| Taxes, remuneration and social security | 45 | €13,563 | €19,697 | +€6,134 | +45.2% |
| Taxes | 450/3 | €13,563 | €19,697 | +€6,134 | +45.2% |
| Other amounts payable | 47/48 | €9,377 | €5,374 | -€4,003 | -42.7% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €80,776 | €64,078 | -€16,698 | -20.7% |
| Operating profit (loss) | 9901 | €80,004 | €63,678 | -€16,326 | -20.4% |
| Financial charges | 65/66B | €38 | €38 | = | 0.0% |
| Recurring financial charges | 65 | €38 | €38 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €79,965 | €63,640 | -€16,326 | -20.4% |
| Income taxes | 67/77 | €15,993 | €12,785 | -€3,208 | -20.1% |
| Profit (loss) for the period | 9904 | €63,972 | €50,855 | -€13,117 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,972 | €50,855 | -€13,117 | -20.5% |
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 19 October 2026 via checked.be.