ELCOTT: 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.
ELCOTT
Largest movements
- Current investments +€45,000
new in 2025: €45,000
- Cash +€5,584
up €5,584 (+62.9%), from €8,877 to €14,461
mainly Net result for the year (+€45,571) and Tax, wage and social debts (+€10,212)
- Tangible fixed assets +€5,011
new in 2025: €5,011
- Reserves +€44,738
up €44,738 (+402%), from €11,124 to €55,861
- Tax, wage and social debts +€10,212
up €10,212 (+104%), from €9,835 to €20,047
- Other debts +€846
new in 2025: €846
- Gross operating margin +€45,937
up €45,937 (+302%), from €15,221 to €61,158
- Taxes +€9,169
up €9,169 (+308%), from €2,977 to €12,146
- Financial charges +€1,375
up €1,375 (+160%), from €859 to €2,234
- Depreciation +€748
new in 2025: €748
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 | €22,958 | €79,221 | +€56,263 | +245% |
| Fixed assets | 21/28 | - | €5,011 | +€5,011 | |
| Tangible fixed assets | 22/27 | - | €5,011 | +€5,011 | |
| Furniture and vehicles | 24 | - | €5,011 | +€5,011 | |
| Current assets | 29/58 | €22,958 | €74,211 | +€51,253 | +223% |
| Amounts receivable within one year | 40/41 | €13,310 | €13,310 | = | 0.0% |
| Trade receivables | 40 | €13,310 | €13,310 | = | 0.0% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €8,877 | €14,461 | +€5,584 | +62.9% |
| Deferred charges and accrued income | 490/1 | €771 | €1,440 | +€668 | +86.6% |
| Total equity and liabilities | 10/49 | €22,958 | €79,221 | +€56,263 | +245% |
| Equity | 10/15 | €13,124 | €57,861 | +€44,738 | +341% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,124 | €55,861 | +€44,738 | +402% |
| Distributable reserves | 133 | €11,124 | €55,861 | +€44,738 | +402% |
| Amounts payable | 17/49 | €9,835 | €21,360 | +€11,525 | +117% |
| Amounts payable within one year | 42/48 | €9,835 | €21,360 | +€11,525 | +117% |
| Trade debts | 44 | - | €468 | +€468 | |
| Suppliers | 440/4 | - | €468 | +€468 | |
| Taxes, remuneration and social security | 45 | €9,835 | €20,047 | +€10,212 | +104% |
| Taxes | 450/3 | €9,835 | €20,047 | +€10,212 | +104% |
| Other amounts payable | 47/48 | - | €846 | +€846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €748 | +€748 | |
| Other operating charges | 640/8 | €262 | €474 | +€213 | +81.4% |
| Gross operating margin | 9900 | €15,221 | €61,158 | +€45,937 | +302% |
| Operating profit (loss) | 9901 | €14,959 | €59,936 | +€44,977 | +301% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €859 | €2,234 | +€1,375 | +160% |
| Recurring financial charges | 65 | €859 | €2,234 | +€1,375 | +160% |
| Profit (loss) for the period before taxes | 9903 | €14,100 | €57,717 | +€43,617 | +309% |
| Income taxes | 67/77 | €2,977 | €12,146 | +€9,169 | +308% |
| Profit (loss) for the period | 9904 | €11,124 | €45,571 | +€34,447 | +310% |
| Profit (loss) for the period to be appropriated | 9905 | €11,124 | €45,571 | +€34,447 | +310% |
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 27 October 2026 via checked.be.