ELCOWEB: 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.
ELCOWEB
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-100.0%), from €12,500 to €0
- Receivables within one year -€6,733
down €6,733 (-18.4%), from €36,497 to €29,763
of which Trade receivables: -€3,996
- Stocks and contracts -€3,580
down €3,580 (-100.0%), from €3,580 to €0
of which Stocks: -€3,580
- Tangible fixed assets -€3,458
down €3,458 (-47.6%), from €7,270 to €3,812
of which Land and buildings: -€2,421
- Deferred charges and accrued income +€2,080
new in 2025: €2,080
- Other debts -€21,838
down €21,838 (-93.4%), from €23,387 to €1,549
- Advances received +€21,500
up €21,500, from €0 to €21,500
- Profit (loss) carried forward -€19,846
down €19,846 (-38.5%), from -€51,605 to -€71,451
- Debts after one year -€4,314
down €4,314 (-100.0%), from €4,314 to €0
- Current portion of long-term debt -€2,009
down €2,009 (-31.8%), from €6,323 to €4,314
- Gross operating margin -€10,822
down €10,822 (-62.3%), from €17,374 to €6,552
- Other operating charges +€5,141
up €5,141 (+364.2%), from €1,412 to €6,552
- Taxes -€1,561
down €1,561 (-91.7%), from €1,703 to €142
- Depreciation -€204
down €204 (-1.3%), from €16,162 to €15,958
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 | €62,055 | €36,817 | -€25,239 | -40.7% |
| Fixed assets | 21/28 | €19,770 | €3,812 | -€15,958 | -80.7% |
| Intangible fixed assets | 21 | €12,500 | €0 | -€12,500 | -100.0% |
| Tangible fixed assets | 22/27 | €7,270 | €3,812 | -€3,458 | -47.6% |
| Land and buildings | 22 | €5,816 | €3,395 | -€2,421 | -41.6% |
| Plant, machinery and equipment | 23 | €1,454 | €417 | -€1,038 | -71.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €42,285 | €33,005 | -€9,281 | -21.9% |
| Stocks and contracts in progress | 3 | €3,580 | €0 | -€3,580 | -100.0% |
| Stocks | 30/36 | €3,580 | €0 | -€3,580 | -100.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €36,497 | €29,763 | -€6,733 | -18.4% |
| Trade receivables | 40 | €33,546 | €29,549 | -€3,996 | -11.9% |
| Other amounts receivable | 41 | €2,951 | €214 | -€2,737 | -92.7% |
| Cash at bank and in hand | 54/58 | €2,209 | €1,161 | -€1,048 | -47.4% |
| Deferred charges and accrued income | 490/1 | - | €2,080 | +€2,080 | |
| Total equity and liabilities | 10/49 | €62,055 | €36,817 | -€25,239 | -40.7% |
| Equity | 10/15 | €16,595 | -€3,251 | -€19,846 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,605 | -€71,451 | -€19,846 | -38.5% |
| Amounts payable | 17/49 | €45,460 | €40,067 | -€5,393 | -11.9% |
| Amounts payable after more than one year | 17 | €4,314 | €0 | -€4,314 | -100.0% |
| Financial debts | 170/4 | €4,314 | €0 | -€4,314 | -100.0% |
| Amounts payable within one year | 42/48 | €41,146 | €40,067 | -€1,079 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €6,323 | €4,314 | -€2,009 | -31.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,196 | €12,704 | +€1,508 | +13.5% |
| Suppliers | 440/4 | €11,196 | €12,704 | +€1,508 | +13.5% |
| Advances received on contracts in progress | 46 | €0 | €21,500 | +€21,500 | |
| Taxes, remuneration and social security | 45 | €240 | €0 | -€240 | -100.0% |
| Taxes | 450/3 | €240 | €0 | -€240 | -100.0% |
| Other amounts payable | 47/48 | €23,387 | €1,549 | -€21,838 | -93.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,017 | €18,182 | +€10,165 | +126.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,162 | €15,958 | -€204 | -1.3% |
| Other operating charges | 640/8 | €1,412 | €6,552 | +€5,141 | +364.2% |
| Gross operating margin | 9900 | €17,374 | €6,552 | -€10,822 | -62.3% |
| Operating profit (loss) | 9901 | -€200 | -€15,958 | -€15,759 | -7896.2% |
| Financial charges | 65/66B | €3,683 | €3,746 | +€63 | +1.7% |
| Recurring financial charges | 65 | €3,683 | €3,746 | +€63 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,883 | -€19,704 | -€15,821 | -407.5% |
| Income taxes | 67/77 | €1,703 | €142 | -€1,561 | -91.7% |
| Profit (loss) for the period | 9904 | -€5,586 | -€19,846 | -€14,260 | -255.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,586 | -€19,846 | -€14,260 | -255.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.